Regulation


Canada puts up barriers to Chinese mineral company acquisitions

Canada puts up barriers to Chinese mineral company acquisitions

(ATF) Canada has tightened foreign investment rules to protect the security of critical mineral supply chains, in a further blow to Chinese companies as relations between the two countries continue to sink.A government spokesperson said on Thursday that the move was made ahead of an expected surge in demand for …

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US slaps $50m penalty on Indian drugmaker for deleting files

US slaps $50m penalty on Indian drugmaker for deleting files

(ATF) An Indian pharmaceutical company has been forced to pay $50 million after pleading guilty to concealing and destroying records prior to a US Food and Drug Administration (FDA) plant inspection, the US Department of Justice announced on March 23.Prosecutors charged Fresenius Kabi Oncology Ltd (FKOL) with violating the Food, …

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Biden names top critic of Big Tech to important antitrust position

Biden names top critic of Big Tech to important antitrust position

(ATF) The US moved a step closer to reining in Big Tech companies on March 22 with the nomination of another prominent critic for a key regulatory post.President Joe Biden named academic Lina Khan – who advocates breaking up the largest technology conglomerates – to the Federal Trade Commission (FTC), …

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US joins in antitrust scrutiny of Big Tech companies

US joins in antitrust scrutiny of Big Tech companies

(ATF) The US could be on the verge of joining the global anti-Big Tech push, as a top legislator was reported on Sunday to be preparing at least 10 bills targeting alleged anti-competitive behaviour.The US House of Representatives' Judiciary Committee’s anti-trust panel, released a 449-page report in October 2020 detailing …

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China adds record wind power capacity as subsidies phased out

China adds record wind power capacity as subsidies phased out

(ATF) China installed more than 50 gigawatts (GW) of wind power in 2020, a new report said, cementing its place as a world leader in renewable energy despite falling government subsidies.The nation added 52GW of new generation last year – double the amount in 2019 and about 70% of the …

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China bans sand mining on Yangtze river over droughts, floods

China bans sand mining on Yangtze river

(ATF) China has launched a crackdown on illegal sand mining operations on the Yangtze river, which have made large parts of central China more vulnerable to volatile weather.Excessive operations on the Yangtze, which provides water for a third of the Chinese population, is believed to be responsible for the abnormally …

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Ant Group chief executive quits as regulator scrutiny intensifies

Ant Group chief executive quits as regulator scrutiny intensifies

(ATF) Simon Hu, chief executive of China's Ant Group, has resigned from his role, according to multiple media reports on March 12, as the financial technology giant is being pushed by regulators to overhaul its business after its failed $37 billion initial public offering in Hong Kong.Hu, who became chief …

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Facebook switches news back on for Australians after content deal

Facebook switches news back on for Australians after content deal

(ATF) Facebook on February 26 restored access to news for its Australian users after a week-long hiatus as it reached agreement with the government on complying with a landmark law requiring tech firms to pay for editorial content.The US social media giant's Australian readers were able to read news from …

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Australia enacts landmark law to make tech firms pay for news

Australia enacts landmark law to make tech firms pay for news

(ATF) The online world is watching Australia this week after the nation’s parliament passed landmark legislation on February 25 requiring global digital giants to pay for local news content.The new law – the culmination of an often bitter tussle between the Australian government and media on one hand, and the …

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India's e-commerce chaos sparks calls for rewrite of regulations

India's e-commerce chaos sparks calls for rewrite of regulations

(ATF) Experts have called for a comprehensive rewrite of India's e-commerce laws – as new reports suggest that Amazon may not be playing by the rule book, and many Indian retailers allege that Amazon India and Walmart-owned Flipkart are harming their businesses by flouting local regulations.The goals, analysts say, should …

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