TikTok has announced a set of features to help users struggling with mental health issues and thoughts of suicide. The features include guides on wellbeing and support for people who are struggling with eating disorders. There is also a search intervention feature that directs users to support resources if they look up terms such as […]
Prices for an array of consumer goods rose less than expected in August in a sign that inflation may be starting to cool, the Labor Department reported Tuesday. The consumer price index, which measures a basket of common products as well as various energy goods, increased 5.3% from a year earlier and 0.3% from July. […]
SEOUL – A South Korea’s antitrust regulator has fined Alphabet Inc’s Google 207 billion won ($176.64 million) for blocking customized versions of its Android operating system (OS), in the U.S. technology giant’s second setback in less than a month. The Korea Fair Trade Commission (KFTC) on Tuesday said terms with device makers amounted to abuse […]
Facebook had a problem on its hands. People were making posts that got caught in the company’s automated moderation system or were taken down by its human moderators. The problem wasn’t that the moderators, human or otherwise, were wrong to take down the posts. No, the problem was that the people behind the posts were […]
Embattled developer China Evergrande on Tuesday said its property sales will likely continue to drop significantly in September, resulting in a further deterioration of its cash situation. The firm reiterated it could default on its debt, repeating a warning it issued two weeks ago. Evergrande has been trying to sell some assets to ease its […]
The Litecoin cryptocurrency saw its price spike by as much as 20 percent on Monday after a fake press release claimed Walmart would begin accepting Litecoin as payment. The press release posted to GlobeNewswire linked to a non-functioning website, and there was no evidence of any Securities and Exchange Commission filing, which would have been […]
(Reuters) -Beijing wants to break up Alipay, the hugely popular payments app owned by Jack Ma’s Ant Group, and create a separate app for the company’s highly profitable loans business, the Financial Times reported on Sunday. The plan will also see Ant turn over the user data that underpins its lending decisions to a new […]
SINGAPORE — Shares in Asia-Pacific were mixed in Monday trade, with stocks in Hong Kong leading losses. Meanwhile, oil prices jumped. Hong Kong-listed shares of Alibaba dropped 5.12% following a Financial Times report that Beijing wants to break up Ant Group’s Alipay and force the creation of a separate loans app. Other Chinese tech stocks […]
SYDNEY (Reuters) – Asian shares made a poor start on Monday to a week packed with major U.S. and Chinese economic data and the launch of Apple (NASDAQ:AAPL)’s latest iPhones, while the Nikkei faltered tantalisingly close to heights last visited in 1990. Hopes for fresh stimulus from a new prime minister in Japan saw the […]
Federal regulators slapped Wells Fargo with yet another fine for failing to move fast enough to compensate customers who were victims of the bank’s “unsafe or unsound” practices. The Office of the Comptroller of the Currency, the banking regulator within the Treasury Department, told the scandal-plagued bank it must pay $250 million because it couldn’t […]
WASHINGTON (Reuters) -Toyota Motor Corp and Honda Motor Co on Saturday sharply criticized a proposal by Democrats in the U.S. House of Representatives to give union-made electric vehicles in the United States an additional $4,500 tax incentive. Toyota said in a statement that the plan unveiled late Friday discriminates “against American autoworkers based on their […]
El Salvador will exempt foreign investors from taxes on profits on bitcoin speculation in the country, a government adviser said Friday, after it became the first to recognize the cryptocurrency as legal tender. “If a person has assets in bitcoin and makes high profits, there will be no tax. This (is done) obviously to encourage […]
