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China issues draft rules banning unfair competition in the internet sector

China issues draft rules banning unfair competition in the internet sector
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.

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China s education crackdown pushes costly tutors underground

Regulations intended to redress the balance for students could end up skewing it further, as extra assistance becomes available only to the richest.

Zoe liHugo guoJack wangShen mengMunicipal education commissionBytedance ltdEducation technology group incEducation groupAlibaba group holding ltdChanson coGaotu techedu incTencent holdings ltdGaotu techeduNew oriental educationTechnology groupBeijing municipal education commission

Draft competition rules in China cause tech stocks to slump

Baidu Inc. and NetEase Inc. fell more than 5% while Tencent Holdings Ltd. dropped 4.1%

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China issues draft rules to ban unfair competition in internet sector

China issues draft rules to ban unfair competition in internet sector
businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.

Stocks Drop From Record Amid Virus, Economic Angst: Markets Wrap

(Bloomberg) Stocks posted their biggest decline in a month amid concern that the global economic recovery will lose momentum with further shutdowns to contain a coronavirus resurgence. Traders watched closely Federal Reserve Chair Jerome Powell’s remarks during a town hall with educators and students, where he noted the central bank’s “powerful tools” have limitations. Powell also said that Covid-19 will likely stay “for a while,” and we’re not going back to a pre-pandemic economy. Policy makers will gather next week for the Jackson Hole symposium, the Fed’s most-prominent annual conference. “We’re essentially in a bit of a holding period ahead of Jackson Hole,” wrote Craig Erlam, senior market analyst at Oanda Europe. “While there is a fair amount of data releases this week, some of which may carry a little more weight than others, it’s all about the Fed in these markets at the minute, and that’s unlikely to change unless the delta situation gets dramatic

New yorkUnited statesNew zealandUnited kingdomOanda europeJerome powellCraig erlamStoxx europePerry warjiyoAlibaba group holding ltdBaidu incHome depot incFederal reserveBank indonesiaGroup holding ltdMarshall wace warns that chinese