Unfair market practices are at the center of a new crackdown on ride-hailing companies in China, with the country’s Ministry of Transport and other watchdogs ordering 11 app-driven platforms to halt unfair practices, the Associated Press and other news outlets reported on Thursday (Sept. 2)....
TikTok parent ByteDance is curtailing its FinTech operations and selling off its stock brokerage business as Chinese regulators continue to wield power over companies that offer financial services, Reuters and other news outlets reported on Thursday (Sept. 2). Get the Full Story Complete the form...
Antitrust officials in the U.S. are getting ready for another lawsuit against Alphabet’s Google, this time relating to the company’s digital advertising and the allegations that Google has been abusing its dominance, Bloomberg reported. Get the Full Story Complete the form to unlock this article...
The Consumer Financial Protection Bureau (CFPB) proposed a new rule Wednesday (Sept. 1) that will help small- to medium-sized businesses (SMBs) get access to credit, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The $2.1 trillion cryptocurrency trading space has grown so large so fast that it’s too big to survive without regulatory oversight, Securities and Exchange Commission (SEC) Chairman Gary Gensler told the Financial Times on Wednesday (Sept. 1). Get the Full Story Complete the form to...
Fifteen people are facing allegations that they were part of a scheme that involved the creation of fake COVID-19vaccination cards after Manhattan District Attorney Cyrus Vance Jr. filed the charges on Tuesday (Aug. 31), according to an announcement from the New York District Attorney’s Office....
More than 600 companies, groups and associations spend 97 million euros ($114 million) each year lobbying the European Union regarding online economy regulations, according to Reuters. Of those lobbying efforts, three companies — Google, Facebook and Microsoft — account for approximately 17 percent, or 16.5...
Shares of Robinhood fell on Tuesday (Aug. 31) after the Securities and Exchange Commission (SEC) Chairman Gary Gensler indicated that he is mulling a full ban of payment for order flow, a method that yields the majority of the online trading platform’s revenue, according to...
Amazon has asked India’s market regulator, the Securities and Exchange Board of India (SEBI), to withdraw its conditional approval of competitor Future Group’s $3.4 billion assets sale of its retail operation to Reliance Industries, Reuters reported Monday (Aug. 30). Get the Full Story Complete the...