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Spread the love ASIA: China’s central bank on Friday said that non-bank payment firms must report plans for overseas initial public offerings and other major events. This is the latest move in a widespread regulatory squeeze on the country’s tech firms. Non-bank payment firms should report both domestic and overseas listing plans, the People’s Bank of China (PBOC) said in a statement. The requirement applies to payment firms with a variable interest entity (VIE) structure, which has been widely adopted by internet companies and allows them to bypass the lengthy domestic listing process ...

Exklusiv Stand: 19.07.2021 05:00 Uhr Die israelische Firma NSO wollte die umstrittene Spionagesoftware "Pegasus" auch an deutsche Behörden verkaufen. Bislang wohl ohne Erfolg. Der Trojaner kann mehr, als das deutsche Recht erlaubt. Von Christian Baars, Florian Flade und Georg Mascolo, NDR/WDR In einem unscheinbaren Bürogebäude im Münchner Osten befindet sich eine ziemlich unbekannte Behörde. Die Zentrale Stelle für die Informationstechnik im Sicherheitsbereich (ZITiS) wurde 2017 ins Leben gerufen. ...

German services activity rose by the most in nearly a year in May, helped by a loosening of COVID-19 restrictions, while supply bottlenecks in manufacturing led to production problems at a growing number of factories, a survey showed on Friday. "The improved performance in services comes at a crucial time, making up for a further loss of momentum in manufacturing due to worsening supply issues," said Phil Smith at IHS Markit.

Spread the love ASIA: U.S. Trade Representative Katherine Tai said on Wednesday she expects to engage “in the near term” with Chinese officials to assess their implementation of the “Phase 1” trade deal between the two countries, with the outcome to influence the fate of Washington’s punitive tariffs on Beijing. Tai told that she respects the need for continuity in U.S.-China trade policy, including the two-year trade deal implemented last year by the Trump administration. India’s oil imports in March rose from the previous month, buoyed by an upturn in economic activity that coul...

Spread the love ASIA: The International Monetary Fund (IMF) raised its FY22 growth forecast for India to 12.5% from 11.5% estimated earlier in January, even as a resurgent Covid spread threatens to undermine the country’s economic recovery. The Washington-based global financial institution, in its annual World Economic Outlook ahead of the annual Spring meeting with the World Bank, said the Indian economy is expected to grow by 6.9% in 2022. China, the only major economy to have a positive growth rate in 2020 of 2.3%, is expected to grow by 8.6% in 2021 and 5.6% in 2022. The major Asian sto...