Money

China orders shocking investigation into Didi over privacy concerns

Published

3 years ago

July 5, 2021

China’s cyberspace regulator has ordered all app stores to remove the Didi app after it had been illegally collecting users’ private data

The Cyberspace Administration of China says the Didi app makes serious violations when it comes to the collection of private and personal data.

Tech operators, including Apple and Huawei will all need to remove the Didi app from their platforms.

Recently, Beijing authorities have been moving to restrict the growing influence of China’s largest internet-based corporations.

Authorities want to tighten the regulations surrounding the ownership and storage of an individual’s personal information.

China’s regulator says Didi must follow legal requirements, adhere to national standards and move to protect the information of its users if it wants to be restored.

The move follows the company making one of the largest initial public offerings in a decade in the U-S last week.

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William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Money

Fed’s signal a “No landing” scenario for the U.S. economy

Published

12 hours ago

October 7, 2024

ticker NEWS

A “No landing” scenario for the US economy has become more plausible following a significant jobs surge in September.

U.S. job market surged in September with over 254,000 jobs added, surpassing the 150,000 forecasts July and August job numbers revised upward by a combined 72,000 positions.

Money

Biden is “discussing” support for Israel over Iran oil strike

Published

4 days ago

October 4, 2024

ticker NEWS

The Biden administration believes it’s still “appropriate” for Israel to continue its ground and air attacks on Hezbollah.

The Middle East is a tinder box as Israel retaliates to Iran’s bombing earlier this week as well as fighting Hamas, Hezbollah and the Houthis in Gaza, Lebanon and Yemen. But what are the economic and geo-political implications? #featured #trending

Money

Defence shares rise to record high following Middle East attacks

Published

6 days ago

October 2, 2024

ticker NEWS

Stocks retreated Tuesday, with rising tensions in the Middle East cooling investor momentum after a strong quarter.

Oil prices eased and stocks recovered some ground after initial reports, as hopes grew that damage from the attack and any Israeli response would remain limited.

This market drop underscores the delicate balance between geopolitical risk and economic optimism. #featured #trending