London Daily News
Wednesday, Oct 28, 2020
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Covid: Post-furlough unemployment 'hits young and ethnic minorities'
Young and ethnic minority workers were more likely to be made unemployed post-furlough, according to a new report.
Twitter's Jack Dorsey to warn 'eroding' Section 230 could 'collapse' Internet communication
Twitter CEO Jack Dorsey and other leading tech executives will warn lawmakers that efforts to change a federal provision known as Section 230 could have lasting consequences for free speech on the Internet, according to a report Wednesday.
Jack Ma is making history again with the Ant IPO, and getting even more wealthy while doing it
Billionaire tech tycoon Jack Ma is raising more than $34 billion in yet another record breaking IPO, further cementing his place in history as one of the world's great tech entrepreneurs.
Hong Kong has unique role in boosting China’s fintech prowess
Hong Kong, as the gateway to China and a rising regional fintech power, has much to offer and is poised to reap the rewards, says Paul Chan, ignoring the fact that Hong Kong business model was never really a finance center, but a bureauc...
What is Jack Ma’s Ant Group and how does it make money?
In this explainer, we take a look at the growth potential of Ant’s key businesses and why the company could soon be worth more than the world’s largest bank, JPMorgan Chase.
Fake News Spread On Whatsapp To Indian Americans Plays Stealth Role In US Election
Two billion users rely on WhatsApp's free app to chat with individuals and groups of up to 256 people.
Why we are spending billions to go to Mars instead of using it to rebuild-earth?
Luxury E-commerce Startup ShopWorn Enters Asia with Hong Kong Satellite
The fast-growing ecommerce destination for well-priced, guaranteed authentic luxury brands opens a Hong Kong satellite to service the Asia Pacific region.
Hong Kong’s Weaker Financial Hub Appeal is Japan’s Opportunity, Aso Says
Japan should consider setting up a special economic zone for global banking businesses now that Hong Kong is losing its appeal as a financial hub amid China’s crackdown, according to Japanese finance minister Taro Aso.
Where do Bank of England officials stand on negative rates?
The Bank of England is weighing up how it could bring negative interest rates to Britain if needed, and there are differing views among its nine monetary policymakers.
Covid job losses hitting young people hardest in UK, study finds
Workers aged under 25 more than twice as likely to have lost job in past two months
Jack Ma Wealth Surges Above Walmart Heirs’ With Record Ant IPO
Jack Ma, the former English teacher who co-founded Alibaba Group Holding Ltd. with $60,000, is poised to become the world’s 11th richest person after Ant Group Co. priced shares for a record initial public offering.
Digital yuan will not compete with WeChat Pay or Alipay
China’s digital yuan will not compete with private apps like WeChat Pay and Alipay, but it may have to contend with counterfeit digital wallets.
China wooing investors to Shanghai, with HSBC, Goldman answering
Central bank chief Yi Gang tells Bund Summit that the country’s focus on domestic economy does not mean it is shutting the door on the rest of the world.
Airline industry carnage hits families but billionaires are sitting pretty
Billionaires’ wealth has increased during the pandemic while the aviation industry is mired in crisis. The thousands employed at Hong Kong airport and in tourism appear set for even more hardship, unlike the city’s mega rich.
China moves to legalise digital yuan, ban competitors with new draft law
Head of the central bank’s digital currency research institute acknowledges potential problems with digital yuan, but says these reinforce the need for central bank oversight.
Google was forced to remove apps from its app store after they violated children's data collection laws
Google removed the Princess Salon, Number Coloring and Cats & Cosplay apps
Microsoft quietly prepares to avoid spotlight under Biden
Microsoft senior executives have donated more to Biden during the primaries than any other large tech company
Greece’s Top Anti-Corruption Prosecutor Faces Removal
The job of Greece’s top anti-corruption prosecutor, Eleni Touloupaki, has faced an uphill battle to hold on to her position following a change in government in July of 2019, which brought a political party to power that includes several ...
China to impose sanctions on US arms suppliers to Taiwan - Boeing, Lockheed Martin
Chinese-U.S. relations have plunged to their lowest level in decades amid disputes about security, technology, the coronavirus pandemic and human rights
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