Reuters Asia Business

TikTok collected sensitive data on Canadian children, investigation finds

By Ryan Patrick Jones and Maria Cheng OTTAWA (Reuters) -TikTok has agreed to improve its measures to keep children off its website and app after a Canadian investigation found its efforts to block children and protect personal information were inadequate, Canadian privacy officials said on Tuesday. The joint investigation into TikTok by Canada’s privacy commissioner …

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Chinese regulator summons ByteDance, Alibaba’s platforms over content violations

By Eduardo Baptista BEIJING (Reuters) -China’s cyberspace regulator summoned ByteDance’s news platform Toutiao and Alibaba’s internet browser operator UCWeb over content violations, making them the latest companies to be targeted by a government crackdown on user behaviour online. Both platforms were recently penalised for content that “disrupted the online ecosystem order”, the Cyberspace Administration of …

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China to forego Special and Differential Treatment in future WTO negotiations

By Olivia Le Poidevin GENEVA (Reuters) -China announced on Tuesday it will forego asking for the benefits it gains from its developing country status at the World Trade Organization, state-run news agency Xinhua and the Director-General of the WTO stated. Xinhua reported that China’s Premier Li Qiang announced his country will no longer seek access …

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Meta’s Llama to be made available to US allies in Europe, Asia

(Reuters) -Allies of the United States in Europe and Asia will now have access to Meta Platforms’ artificial intelligence system Llama, the company said on Tuesday, a day after the U.S. approved its use for government agencies. Llama is a large language model capable of processing data, including text, video, images and audio. The social …

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Trading Day: Tech euphoria cools, gold still sizzling

By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  U.S. stocks slid on Tuesday in a wave of profit-taking from the previous day’s highs, as investors digested cautious remarks from Federal Reserve Chair Jerome Powell and data that showed U.S. business activity slowing …

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Dollar holds steady as investors weigh comments from Fed’s Powell

By Chibuike Oguh and Canan Sevgili NEW YORK/LONDON (Reuters) -The U.S. dollar held steady against major peers on Tuesday as investors weighed commentary from Federal Reserve officials including Chair Jerome Powell, while the Swedish krona gained after the Riksbank delivered a hawkish 25-basis-point rate cut. The dollar was down 0.11% at 0.791 against the Swiss …

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China buys Argentine soybeans after tax drop, leaving US farmers sidelined

By Naveen Thukral and Ella Cao SINGAPORE/BEIJING (Reuters) -Chinese buyers booked at least 10 cargoes of Argentine soybeans after Buenos Aires scrapped grain export taxes, three traders said on Tuesday, dealing another setback to U.S. farmers already shut out of their top market and hit by low prices. Argentina’s temporary tax move boosts the competitiveness …

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China’s Hikvision to challenge Canadian court endorsement of shutdown order

OTTAWA (Reuters) -Chinese surveillance camera manufacturer Hikvision said on Tuesday it would challenge a court decision upholding a Canadian government order to cease operations in Canada. The Federal Court on Monday dismissed a request from Hikvision to have the June order set aside. Ottawa says Hikvision operations in Canada could threaten national security. “We remain …

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Europe’s plug-in hybrid boom helps Chinese carmakers outsell Renault, Audi in August, report shows

(Reuters) -Chinese automakers sold more cars in Europe than the Renault and Audi brands in August, helped by booming plug-in hybrid sales, with models from BYD, Jaecoo and MG in the category’s top-ten sellers, data from JATO Dynamics showed on Tuesday. Tesla’s Model Y remained Europe’s most popular battery-electric vehicle (BEV), but its sales dropped …

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