On April 21, Zhou Xiaochuan, the former governor of the People’s Bank of China, spoke at the Boao Forum for Asia, with an emphasis on digital taxes. He confirmed that digital taxes will be discussed at the Group of 20 (G-20) Summit this July when every member state is expected to express its views. Zhou…
China, the Second Largest Digital Economy Should Avoid Fights Over Digital Taxes: Former Head of Central Bank
NTD Business Full Broadcast (April 21)
President Biden announces new incentives to push people to get vaccinated. Businesses will get a tax break for giving their workers time off to get the vaccine shots. How much tax credit can businesses claim? Democrats in the House and Senate will have another go at passing the Green New Deal. Is Netflix losing its…
Pakistan Blocks Social Media App TikTok Over Indecency Complaint
ISLAMABAD—Pakistan on Thursday blocked the popular social media app TikTok after a court order over a complaint that it ran indecent content, a spokesman for the country’s telecoms regulator said. “The court has asked PTA to block access to TikTok,” Pakistan Telecom Authority (PTA) spokesman Khurram Mehran told Reuters, adding that the authority would comply…
TikTok Owner Agrees to Pay $92 Million to Settle Lawsuit Alleging Privacy Violations
ByteDance has agreed to a $92 million class-action settlement to settle data privacy claims from some U.S. TikTok users, according to documents filed Thursday in U.S. District Court in Illinois. ByteDance, the Chinese company that owns the short video app that has more than 100 million U.S. users, agreed to the settlement after more than a year…
DOJ Asks Courts to Put TikTok Appeals on Hold Pending Biden Team Review
February 11, 2021
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WASHINGTON—The U.S. Justice Department on Wednesday asked two federal appeals courts to put on hold government appeals of lower court rulings blocking restrictions the Trump administration imposed on Chinese-owned app TikTok. Under former President Donald Trump, the Commerce Department sought to ban Apple Inc and Alphabet Inc’s Google app stores from offering TikTok for download…
White House: No New ‘Proactive Step’ on TikTok Deal Under Biden
WASHINGTON—The White House said on Wednesday it has an ongoing review of the risks TikTok may present to U.S. data but stressed it has taken no new “proactive step” related to a pending plan for the Chinese-owned company’s American operations to be acquired by U.S. investors. The Wall Street Journal reported earlier on Wednesday that…
Telegram Messaging App Tops Worldwide Downloads Chart
The Telegram messaging app was the top non-game app downloaded worldwide in January. Analysis firm Sensor Tower’s chart shows Telegram at the top of overall downloads and downloads through Google Play. Video application TikTok was second overall and on top of the Apple store’s downloads. Signal, Facebook, WhatsApp, Instagram, Zoom, MX TakaTak, Snapchat, and Facebook…
TikTok to Close Its Indian Operations, with Mass Layoffs
After India recently announced its decision to permanently ban 59 Chinese mobile apps including video-sharing app TikTok amid rising border tensions with China, TikTok is reportedly ending its business in India and making layoffs. TikTok issued a statement on Jan. 27 that “given the lack of feedback from the government about how to resolve this…
India Retains Ban on 59 Chinese Apps, Including TikTok
NEW DELHI—India has decided to retain its ban on video app TikTok and 58 other Chinese apps after reviewing responses from the companies on issues such as compliance and privacy, two sources with direct knowledge of the matter told Reuters on Jan. 26. When it first imposed the ban in June, India’s ministry of electronics…
US Lawmaker Urges Biden to Keep His Promise of Addressing TikTok Security Risks
Rep. Michael McCaul (R-Texas), the leading Republican on the House Foreign Affairs Committee, urged President Joe Biden to address concerns posed by popular Chinese video-sharing app TikTok. “I encourage the Biden admin to stick to its concerns about CCP [Chinese Communist Party] social media companies like TikTok, which put our personal data & nat’l security…
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