Microsoft, Google are latest tech giants to hit brakes on hiring
SAN FRANCISCO – With recession fears mounting – as well as inflation, the war in Ukraine and the lingering pandemic taking a toll – many technology companies are rethinking their…
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South Korea’s Internet giants come under fire in echo of China crackdown
SEOUL – Shares of Kakao Corp and Naver Corp plummeted on Wednesday (Sept 8), set for the biggest declines in years, after South Korean lawmakers warned the nation’s Internet giants against…
Alibaba earnings down as China tech giants face turmoil
SHANGHAI – Chinese e-commerce leader Alibaba Group said Tuesday that it posted lower profit but maintained steady revenue growth, indicating that a government crackdown on the country’s…
G-7 countries move closer to tax plan for US tech giants
SAN FRANCISCO – Group of Seven (G-7) countries that make up lucrative markets for United States tech giants have moved closer to a plan to squeeze more tax money from the coffers of Amazon,…
NYSE process of delisting Chinese telco giants starts
NEW YORK • The New York Stock Exchange (NYSE) said it will delist three Chinese corporations to comply with a US executive order that imposed restrictions on companies identified as…
US regulator seeks info on how tech giants like Amazon, Facebook collect and use data
WASHINGTON – The top US privacy regulator ordered some of the biggest technology companies, including Amazon, Facebook and Google’s YouTube, to hand over information about how they collect…
China turns up heat on its internet giants with new antitrust rules
BEIJING – China on Tuesday (Nov 10) laid out detailed regulations for the first time to root out monopolistic practices in the internet industry, as Beijing seeks to curtail the growing…
DBS says ‘time to relook’ office Reits as Chinese tech giants’
SINGAPORE – DBS Group Research on Wednesday (Sept 16) reiterated its positive stance on Singapore office real estate investment trusts (Reits), citing a potential upcycle in office demand…
African governments team up with tech giants to fight coronavirus lies
ABUJA: Governments across Africa are teaming up with technology giants including Facebook and WhatsApp to fight misinformation about coronavirus on social media platforms that could propel…
Unite to tax tech giants, G-20 officials urge world economies
RIYADH • Leading world economies must unite to deal with aggressive “tax optimisation” by global digital giants like Google, Amazon and Facebook, Group of 20 (G-20) officials said…