News by Kara Byers 12th Apr 2021 3:30 PM Australia might be termed the Lucky Country but with a third of Aussies saying they believe they will always be in debt, maybe it s only lucky for some. Almost 30 per cent of respondents to the latest news.com.au Cost of Living survey say they are struggling with debt to such an extent that they believe they ll be carrying it for the rest of their lives. The detailed survey, which ran in February, asked readers to share the major household money challenges they were facing. The results are now in and news.com.au has kicked off
The Globe and Mail Raymond Zhong Bookmark
China’s fast-moving campaign to curb the power of internet giants has hit its latest mark: Ant Group, the fintech sister company of the e-commerce behemoth Alibaba Group.
Ant announced on Monday that it would undertake a sweeping, government-ordered overhaul of its business to allay regulators’ concerns about the way it competes with rivals, its large-scale collection of user data and the risks its business may pose to the wider financial system.
Beijing has made the corporate empire of Jack Ma, Alibaba’s billionaire co-founder and Ant’s controlling shareholder, an early major target as it dials up its scrutiny of Big Tech. Chinese officials forced Ant to call off its blockbuster initial public offering last November, mere days before its shares had been expected to debut. On Saturday, China’s antitrust authority fined Alibaba US$2.8-billion for abusing its dominance in digital retail – a record penalty for violations of t