China Will Create a New Agency to Regulate Data, WSJ Says
source link: https://finance.yahoo.com/news/china-create-agency-regulate-data-094303116.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
China Will Create a New Agency to Regulate Data, WSJ Says
(Bloomberg) -- China plans to create a central agency to manage the flow of data within the country and abroad, the Wall Street Journal reported, citing people familiar with the matter.
Most Read from Bloomberg
Beijing intends to set up a new national data bureau that will become the top overseer of data-related issues, the Journal reported. The move centralizes power under one agency rather than the multiple bodies that now oversee information management, including the Cyberspace Administration of China.
Chinese officials have in recent years emphasized the need to strengthen their control over the valuable data generated by swaths of the economy, including its internet industry. Globally, governments are increasingly trying to gain better visibility into and control over the flow of information, particularly as new data-reliant technologies such as artificial intelligence emerge.
President Xi Jinping is moving to consolidate the Communist Party’s hold over the world’s second-biggest economy, touting plans for sweeping changes to China’s bureaucracy and more influence within private companies. The shift comes at a crucial time for China’s economy, which is growing at closer to its slowest pace in decades following years of strict Covid restrictions and a wider geopolitical spat with the US that has brought punitive tariffs, sanctions and export curbs on advanced technology.
Read more: Missing Banker Reignites Fear of Xi Among China’s Tech Bosses
Beijing has shown suspicion in recent years of the enormous amounts of data that private firms are amassing in the mobile era, a key reason behind a sweeping government crackdown on companies like Ant Group Co. and Didi Global Inc. that began in late 2020.
- Bloomberg
SoftBank-Backed CloudMinds Is Said to Weigh $500 Million HK IPO
(Bloomberg) -- Artificial intelligence-powered robot developer CloudMinds Inc. is considering a Hong Kong initial public offering that could raise as much as $500 million, according to people familiar with the matter.Most Read from BloombergHolding Cash Will Be a Winning Strategy in 2023, Investors SayTesla Slashes Model S and X Prices for the Second Time This YearWorld’s Riskiest Markets Stumble Into Crisis With Dollars ScarceMortgage Lenders Are Selling Homebuyers a LieCredit Suisse Loses One
7h ago - The Wall Street Journal
Pentagon Sees Giant Cargo Cranes as Possible Chinese Spying Tools
Chinese-made cranes at U.S. ports, including at several ports used by the military, could pose a security risk hiding in plain sight, officials say.
1d ago - Bloomberg
Apple Supplier Foxconn’s Sales Decline Despite China Reopening
(Bloomberg) -- Hon Hai Precision Industry Co.’s February sales fell 11.7% from a year earlier, despite a boost for the iPhone assembler from China’s reopening.Most Read from BloombergHolding Cash Will Be a Winning Strategy in 2023, Investors SayTesla Slashes Model S and X Prices for the Second Time This YearWorld’s Riskiest Markets Stumble Into Crisis With Dollars ScarceMortgage Lenders Are Selling Homebuyers a LieCredit Suisse Loses One of Its Biggest BackersThe Apple Inc. supplier, also known
1d ago - Bloomberg
Colombia Prices Rise Less than Forecast to a Fresh 24-Year High
(Bloomberg) -- Colombian inflation accelerated less than expected in bittersweet news for policymakers as core price increases continued to gain pace.Most Read from BloombergStock Market’s Fate Comes Down to the Next 13 Trading SessionsMortgage Lenders Are Selling Homebuyers a LieChina’s Cautious Growth Target Gives World Economy Little HelpWorld’s Riskiest Markets Stumble Into Crisis With Dollars ScarceForget Peak Oil Demand: A Thirst for Barrels Puts $100 in ViewThe consumer price index rose 1
2d ago - The Wall Street Journal
China’s Cities Struggle Under Trillions of Dollars of Debt
As China tries to turn the page on one of its worst stretches of growth since the 1970s, its economy is being weighed down by the colossal debts of its local governments.
2h ago - Bloomberg
US Lawmakers Step Up Push to Ban TikTok With Bill This Week
(Bloomberg) -- US Senate Intelligence Committee Chairman Mark Warner plans to introduce a bill this week to allow the US to systematically ban Chinese technology, including services like TikTok, he told Fox News on Sunday.Most Read from BloombergHolding Cash Will Be a Winning Strategy in 2023, Investors SayTesla Slashes Model S and X Prices for the Second Time This YearWorld’s Riskiest Markets Stumble Into Crisis With Dollars ScarceMortgage Lenders Are Selling Homebuyers a LieCredit Suisse Loses
15h ago - Bloomberg
BTS Label Hybe Falls Far Short in Bid to Take Over K-Pop Pioneer
(Bloomberg) -- Hybe Co. acquired only a fraction of the shares in rival SM Entertainment Co. it hoped for, an embarrassing blow for the label behind global phenom BTS that’s called its takeover attempt critical to preserving K-pop’s global influence.Most Read from BloombergHolding Cash Will Be a Winning Strategy in 2023, Investors SayTesla Slashes Model S and X Prices for the Second Time This YearWorld’s Riskiest Markets Stumble Into Crisis With Dollars ScarceMortgage Lenders Are Selling Homebuy
9h ago - Reuters
India's top explorer ONGC signs MoU with France's TotalEnergies
India's top explorer Oil and Natural Gas Corp has signed a memorandum of understanding with French major TotalEnergies for exploration of deep-water blocks, the company tweeted on Monday. The MoU seeks to provide technical help for ONGC's push to explore and reduce green house emissions in development of deep-water blocks especially in Mahanadi and Andamans, off India's east coast. "We will jointly evaluate Exploration and Development opportunities to create synergies with local economies," said Sushma Rawat, ONGCs' Director for Exploration.
5h ago - MarketWatch
‘I don’t think I can wait until 70’: I’m still working at 66. Should I wait or claim Social Security now?
See: I’ll be 71 this year and my wife will be 63 – how should we claim our Social Security benefits? When to claim Social Security is one of the toughest decisions in the retirement planning world, because there’s really no one right answer — and there’s certainly no way for any of us to know for sure what the future will hold. Doing so would get you a bigger benefit check every month, but there are plenty of Americans who need to claim Social Security as soon as they become eligible for it, or who claim it at their full retirement age simply so they can start getting the checks they deserve after years of paying into the system.
1h ago - MoneyWise
'The only people that are going to save us, is us’: Suze Orman is one of many experts warning Social Security is in trouble — here’s what you can do to take control of your retirement
A critical Social Security fund is projected to run out by 2035 — but that could happen even sooner.
1d ago - Bloomberg
Stock Market’s Fate Comes Down to the Next 13 Trading Sessions
(Bloomberg) -- Four major events over the next 13 trading sessions will be the key catalysts in determining whether this year’s stock-market revival gets derailed or starts rolling again after a February slump.Most Read from BloombergMortgage Lenders Are Selling Homebuyers a LieHolding Cash Will Be a Winning Strategy in 2023, Investors SayWorld’s Riskiest Markets Stumble Into Crisis With Dollars ScarceChina’s Cautious Growth Target Limits Help to World EconomyForget Peak Oil Demand: A Thirst for
1d ago - MarketWatch
Stock market faces crucial test this week: 3 questions that could decide rally’s fate
Investors await a marquee report on the state of the U.S. labor market, along with testimony by Fed Chair Jerome Powell amid rising Treasury yields.
1d ago - Bloomberg
Biden Hears Oval Office Plea for Alaska Oil Project in Lobbying Frenzy
(Bloomberg) -- Alaska’s congressional delegation personally appealed to President Joe Biden to approve a proposed ConocoPhillips oil development in the state, joining a last-minute lobbying frenzy around the project that’s being cast as a test of his commitment to combating climate change. Most Read from BloombergMortgage Lenders Are Selling Homebuyers a LieChina’s Cautious Growth Target Limits Help to World EconomyForget Peak Oil Demand: A Thirst for Barrels Puts $100 in ViewWorld’s Riskiest Ma
2d ago - Investor's Business Daily
Biden Approval Rating Dips, Hitting A New Low Among This Key Group
President Joe Biden's approval rating dipped modestly from a five-month high, but the new IBD/TIPP Polls shows trouble below the surface.
29m ago - Bloomberg
World’s Riskiest Markets Stumble Into Crisis With Dollars Scarce
(Bloomberg) -- Hospitals delaying surgery in Sri Lanka. International flights suspended in Nigeria. Car factories shuttered in Pakistan.Most Read from BloombergHolding Cash Will Be a Winning Strategy in 2023, Investors SayTesla Slashes Model S and X Prices for the Second Time This YearWorld’s Riskiest Markets Stumble Into Crisis With Dollars ScarceMortgage Lenders Are Selling Homebuyers a LieCredit Suisse Loses One of Its Biggest BackersIn some of the world’s most vulnerable developing nations,
8h ago - Bloomberg
Chevron CEO Eyes Mediterranean for Europe Gas: CERAWeek Update
(Bloomberg) -- It’s the first day of CERAWeek by S&P Global in Houston, one of biggest events on the calendar for the energy industry, with over 1,000 CEOs, policymakers and financiers due to speak.Most Read from BloombergHolding Cash Will Be a Winning Strategy in 2023, Investors SayTesla Slashes Model S and X Prices for the Second Time This YearWorld’s Riskiest Markets Stumble Into Crisis With Dollars ScarceMortgage Lenders Are Selling Homebuyers a LieCredit Suisse Loses One of Its Biggest Back
49m ago - Fox Business
Apple investor day, Powell testimony, jobs report top week ahead
Retail earnings, jobs data, Disney CEO Bob Iger speaking and Apple's investor day lead a busy week ahead for investors.
22h ago - The Wall Street Journal
Why the Recession Is Always Six Months Away
Continued strong hiring and consumer spending are complicating Federal Reserve Chair Jerome Powell’s campaign to tame inflation.
1h ago - AP Finance
Inflatable tanks, missiles: Czech firm makes decoy armaments
The war in Ukraine has created a surge in demand for weapons — and, apparently, also for inflatable fake armaments that can be deployed as decoys. A Czech company, Inflatech, is producing more than 30 different inflatable military decoys ranging from tanks and armored vehicles to aircraft and howitzers. Inflatech Chief Executive Vojtech Fresser won't say if his decoys are used by Ukrainian forces battling Russian invaders, but he said Monday that his business was up by more than 30% last year.
2h ago - The Wall Street Journal
Russia’s Wagner Troops Exhaust Ukrainian Forces in Bakhmut
With a disregard for losses, the paramilitary group’s penal battalions have advanced at a time when the regular Russian military remains largely stalled.
21h ago
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK