India nixes privacy bill that alarmed big tech companies, works on new law

NEW DELHI, Aug 3 (Reuters) – India’s government on Wednesday withdrew a controversial data protection and privacy bill which was first proposed in 2019 and had alarmed big technology companies such as Facebook and Google, announcing it was working on a new comprehensive law. The 2019 law had proposed stringent regulations on cross-border data flows … Read more

UK Conservative Party enhances security around ballot for leadership

A view of 10 Downing Street after the resignation of Boris Johnson, in London, Britain, July 8, 2022. REUTERS/Henry Nicholls Register now for FREE unlimited access to Reuters.com Register LONDON, Aug 3 (Reuters) – Britain’s ruling Conservative Party said on Wednesday it had enhanced security around the ballot process to decide its next leader, who … Read more

US consumer watchdog to scrutinize crypto payments, Big Tech moves into finance director

WASHINGTON, July 27 (Reuters) – The top US consumer watchdog plans to scrutinize the use of cryptocurrencies for real-time payments and ramp up oversight of Big Tech companies as they expand into the traditional financial sector, its director told Reuters. The Consumer Financial Protection Bureau (CFPB) will also publish a report this fall on “buy-now, … Read more

Analysis: ‘Big Bang 2.0’ up in smoke as Britain’s finance law reforms underwhelm industry

Law empowers regulators to design divergent rules in future Some key changes echo moves already taken by European Union Crisis-era bank taxes, capital demands left unchanged LONDON, July 20 (Reuters) – Britain’s reform of post -Brexit financial services is more about catching up with rivals than unleashing a ‘Big Bang 2.0’ as it sidesteps calls … Read more

Yellen says more opportunities for women will boost economic potential of US, S.Korea.

SEOUL, July 19 (Reuters) – Boosting women’s participation in the workforce and giving them more leadership opportunities would boost the economic potential of South Korea and the United States, US Treasury Secretary Janet Yellen told a group of women entrepreneurs in Seoul. Women represented a “huge untapped resource” for both the United States and South … Read more

Lebanon telecoms mark-up threatens migrants’ link to jobs and safety

BEIRUT, July 11 (Reuters) – Kenyan cleaner Noel Musanga survived Lebanon’s economic meltdown, waves of COVID -19 and Beirut’s port blast. But when her internet provider announced rates would double, she feared her last lifeline to family and work would snap. The freelance migrant worker already barely earned enough to survive. Now, the higher telecoms … Read more

‘Chilling’ use of security law threatening Hong Kong’s finance hub status, says US envoy

HONG KONG, July 11 (Reuters) – The top US diplomat in Hong Kong on Monday urged China to ease political pressure on the city, warning that the “crude and chilling” use of a sweeping national security law threatened its role as an international business hub. In at times strongly worded farewell remarks to the American … Read more

US House panel to investigate companies sharing reproductive data

The United States Capitol building in Washington, US REUTERS / Emily Elconin Register now for FREE unlimited access to Reuters.com Register WASHINGTON, July 8 (Reuters) – A U.S. congressional committee has asked data brokers and personal health apps to tell how they handle users’ reproductive health data amid concerns states will use the information to … Read more

Face-recognition business puts SoftBank between China, US

The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register TOKYO, July 8 (Reuters)-A SoftBank-owned company is thriving by offering face-recognition technology fueled by a blacklisted Chinese firm to the likes of Mastercard and Visa, … Read more