Despite a backlash from customers and privacy advocates, its new system that scans users' phones for child sexual abuse material (CSAM) was defended by iPhone maker Apple. Matches of known abuse material are searched by this technology prior to them being uploaded to the company’s iCloud storage....

Higher costs of raw materials, equipment maintenance and extreme weather impacted business activity in China resulting the country’s July factory activity growing at the slowest pace in 17 years.   This has given rise to concerns about a possible slowdown the second largest economy of the...

A study by Fidelity's cryptocurrency business revealed that despite price volatility of digital assets remains the main barrier for new entrants, 70 per cent of the institutional investors expect to make some invests in or buy digital assets in the future.   Digital asset investment was...

The resurgence of Covid-19 infections in some countries in Asia prompted the Manila-based Asian Development Bank to bring down its economic growth projections for developing Asia slightly compared to its previous estimates for this year.     There was an economic recovery underway in...

The meeting of the finance ministers of the G20 nations that is being held in the Italian city of Venice for focused decision making on an overhaul of the rules for cross-border corporate taxation saw France pushing its counterparts to approve granting themselves the ability of taxing at least a...

The banking regulator of the European Union said on Wednesday that all banks in the bloc should develop and present publicly a 10 year plan that will provide details about how the banks plan to address environmental, social and governance (ESG) risks which can affect the bottom line of the banks....

Investment banks operating in Canada are being encouraged to increase staffing because of record breaking deal making in Canada. However to attract fresh talent, some of the firms are being forced to pay up in unique ways because of increased demand for bankers.   According to Refinitiv,...

The price of $400-per-tonne premium on coca beans that was designed to bring down farmer poverty as was pledged by major chocolate traders in Ivory Coast are not being paid, alleged the cocoa regulator of the country in a draft letter, according to reports citing sources with information of the...

The brutal second wave of Covid-19 infections coupled with limited government space for providing more stimulus for spending have indicated that a recovery for the Indian car market could lag far behind China and the United States which has dented the hopes of foreign automakers of a booming Indian...

Britain is trying to get an exemption for the City of London from a proposed new global minimum corporation tax system that was adopted by the Group of Seven (G7) economies during last weekend, claimed a report published by the Financial Times reported.   Arguing that the proposed new...

The pace of rise of factory gate prices in the month of May in China was the fastest in 12 years because of a surge in commodity prices which added on to the global price pressures even as policy makers are trying to reignite growth of economies from the  Covid-19 induced slump.   There...