News
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India withdraws a proposed law on data protection
The Indian government on Wednesday unexpectedly withdrew a proposed bill on data protection—the Personal Data Protection Bill, 2019, that a panel of lawmakers had been laboring over for more than two years, saying it was working on a new law
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Alibaba quarterly revenue flat for first time ever in June
Alibaba's performance is widely seen as a gauge of Chinese consumer sentiment, given its market dominance, and is reflective of the country's economic slowdown and Covid-19 resurgences that have kept consumers jittery
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Twitter says Elon Musk making up excuses to breach deal
In a filing, Twitter rejected counter claims made by Musk as he fights to walk away from the deal he inked in April to buy the San Francisco-based company
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How streaming stars pay the price of online fame
Twitch, more than Instagram, Twitter or TikTok, is an intimate platform, designed to make its stars seem like actual friends of their fans, hanging out virtually with them. Those cozy relationships are a core part of the site's business model. But they sometimes turn unhealthy
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Mines, fires, rockets: The ravages of war bedevil Ukraine's farmers
Ukraine's farmers will face many of the grave dangers as soldiers as they reap this year's harvest amid Russia's war on its neighbour
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Climate, poverty collude to torment Central America
Corruption, crumbling infrastructure, uncontrolled urbanization and poverty — which afflicts 60 percent of Central America's 50 million inhabitants — all combine to leave more and more people exposed to natural disasters
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China's Taiwan war games threaten more global supply chain disruption
The drills — China's largest-ever around Taiwan — are a major show of strength after US House Speaker Nancy Pelosi infuriated Beijing by visiting the island, and are likely to disrupt one of the world's busiest shipping zones
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Robinhood lays off 23% staff, blaming crypto meltdown, inflation
The announcement followed closely on the heels of cuts in April, when Robinhood laid off 340 workers, or about 9% of its employees at the time. CEO Vlad Tenev cited further worsening of the economy, including inflation and the crash of the crypto market, which has "reduced customer trading activity and assets under custody"
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What Twitter's subpoenas say about its plan to fight Elon Musk in court
The subpoenas are part of efforts to help determine whether Musk had quietly abandoned his deal to acquire Twitter even before he told it of his plans to do so, which would breach his contract with the company, said two people familiar with Twitter's thinking
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Uber reports $2.6 billion loss, but revenue spike cushions blow
Uber primarily attributed the loss to the falling value of its investments in financially strapped companies such as Singapore's VTC Grab, US self-driving vehicle start-up Aurora and Indian food delivery service Zomato
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US sanctions Putin 'girlfriend,' more oligarchs for 'complicity' in Ukraine war
Also hit with US business bans were several other oligarchs believed to be close to Putin, four officials Russia has named to administer occupied territories in Ukraine, and around two dozen high technology institutes and companies, including key state-backed electronics entities