BEIJING (Reuters) -China has fined auditing firm Deloitte 211.9 million yuan ($30.8 million) for failing to perform its duty in assessing the asset quality of China Huarong Asset Management Co Ltd, the finance ministry said on its website on Friday. Deloitte’s Beijing operations also will be suspended for three months, the ministry said in a …
China fines Deloitte $31 million for auditing negligence Read More »
SHANGHAI (Reuters) -Baidu and Pony.ai said on Friday they have won permits to provide fully driverless ride-hailing services in the Chinese capital of Beijing. Baidu’s Apollo service will deploy 10 fully autonomous vehicles in a technology park developed by the government of Beijing, the Chinese ride-hailing giant said in a statement. The permit marks a …
Baidu, Pony.ai win permits to offer driverless robotaxi services in Beijing Read More »
By Stephen Nellis and Krystal Hu (Reuters) -Huawei Technologies Co Ltd has replaced more than 13,000 parts in its products that were hit by U.S. trade sanctions, the Chinese tech giant’s founder said, according to a speech transcript posted on Friday by a Chinese university. According to the transcript of the February speech posted by …
Huawei has replaced thousands of U.S.-banned parts in its products, founder says Read More »
By David Shepardson and Echo Wang WASHINGTON (Reuters) -Six more U.S. senators on Friday backed bipartisan legislation to give President Joe Biden new powers to ban Chinese-owned video app TikTok on national security grounds as the company ramped up efforts to make its case ahead of a hearing next week. This month, 12 senators led …
Six more US senators back giving Biden new powers to ban TikTok Read More »
By Lucy Craymer WELLINGTON (Reuters) -New Zealand said on Friday it would ban TikTok on devices with access to the country’s parliamentary network due to cybersecurity concerns, becoming the latest nation to limit the use of the video-sharing app on government-related devices. Concerns have mounted globally about the potential for the Chinese government to access …
New Zealand to ban TikTok on devices linked to parliament, cites security concerns Read More »
By Mehnaz Yasmin (Reuters) -SVB Financial Group said on Friday it filed for a court-supervised reorganization under Chapter 11 bankruptcy protection to seek buyers for its assets, days after its former unit Silicon Valley Bank was taken over by U.S. regulators. The move to commence bankruptcy proceedings comes as emergency measures to shore up confidence …
SVB Financial seeks bankruptcy protection as banking turmoil persists Read More »
By Shankar Ramakrishnan, Stefania Spezzati and Sumeet Chatterjee (Reuters) -At least four major banks, including Societe Generale SA and Deutsche Bank AG, are restricting new trades involving Credit Suisse Group AG or its securities, according to five sources with direct knowledge of the matter, as the Swiss bank struggles to restore confidence. Credit Suisse declined to …
(Reuters) – TikTok will be removed from Scottish Parliament phones and devices amid security concerns, Sky News reported on Friday. The members of the Scottish Parliament and staff were “strongly” advised to remove TikTok, including from personal devices used to access the Scottish Parliament’s IT systems, the report said citing an email. (This story has …
TikTok to be removed from Scottish parliament phones and devices – Sky News Read More »
BEIJING (Reuters) – China’s central bank said on Friday it would cut the amount of cash that banks must hold as reserves for the first time this year to release liquidity and support the economy. The People’s Bank of China (PBOC) said it would cut the reserve requirement ratio (RRR) for all banks, except those …
BANGKOK (Reuters) – Thailand’s gradual, measured policy normalisation is still an appropriate approach, as the economy continues to recover on the back of increased tourism and domestic spending, the central bank said. The strategy has helped prevent the private sector’s cost of borrowing from rising too fast and given room for every sector to adjust, …
Thailand’s gradual policy tightening still appropriate – central bank Read More »
