A Treasury official will call for greater transparency over emergency currency “swap” loans to struggling countries by China’s central bank.
Tag: Regulation and Deregulation of Industry
Supermarkets in Australia Sued Over Claims of Fake Discounts
In a rare case of legal action tied to rising prices, the government sued Woolworths and Coles for what it described as a pattern of deceiving consumers.
Elon Musk’s X Finds Way Around Brazil Ban and Goes Live Again for Many Users
Elon Musk’s social network used a technical maneuver to restore service for many Brazilians after a court blocked it. Regulators expected to restore the block soon.
Amazon Sought Tariff Loophole Used by Chinese Rivals. Now Biden Is Closing It.
Under pressure from Chinese competitors, Amazon, Walmart and other U.S. retailers have been exploring ways to avoid tariffs. Could a new Biden administration rule change that?
Biden Administration Ratchets Up Tariffs on Chinese Goods
The administration moved to block off a popular tariff-free path for Chinese apparel coming into the United States, and added stiff levies on electric vehicles, solar panels and other products.
Australia Plans to Set Age Limits for Social Media
The government is considering setting a minimum age for platforms like TikTok and Instagram that could be as high as 16.
Online Credit Unions Offering High Interest Rates on Savings May Be Fakes
Ontario’s financial regulator has issued warnings about three websites illegally claiming to be credit unions, but it is powerless to close them.
Damning Final Report Into Deadly Grenfell Fire Is Released
A damning final report into Britain’s worst residential fire since World War II blamed a litany of cost-cutting, dishonest sales practices and lax regulation for the blaze that killed 72 people.
Why Brazil Banned X
To combat disinformation, Brazil gave one judge broad power to police the internet. Now, after he blocked X, some are wondering whether that was a good idea.
Can Tech Executives Be Held Responsible for What Happens on Their Platforms?
The indictment of Pavel Durov, Telegram’s founder, as part of an investigation into illicit activities on the messaging app set off worries about the personal liability of tech executives.