WASHINGTON – The chief executives of the four U.S. tech giants — Amazon.com, Facebook, Alphabet’s Google and Apple — will testify before the U.S. Congress in late July as part of an ongoing antitrust probe into the companies, according to two sources familiar with the matter. Amazon’s Jeff Bezos, Facebook’s Mark Zuckerberg, Sundar Pichai of Google and Apple’s Tim Cook will appear as part of the probe by the House of Representatives Judiciary Committee’s antitrust…"U.S. tech chief executives expected to testify before House panel in late July"
FRANKFURT – Police and public prosecutors raided Wirecard’s headquarters in Munich and four properties in German and Austria on Wednesday as they widened their investigation into the financial payments company that collapsed last week. Wirecard filed for insolvency last week owing creditors almost $4 billion after disclosing a 1.9 billion euro ($2.1 billion) hole in its accounts that its auditor EY said was the result of a sophisticated global fraud. The implosion of a financial…"Police raid Wirecard HQ as administrator kicks off asset sales"
MUMBAI – Geetha Sridhar never used to enter her kitchen in Mumbai without her smartphone. The 54-year-old homemaker used to post dozens of short videos daily on the Chinese video app TikTok, mostly of herself cooking traditional recipes. With 1 million TikTok followers, she earned an average 50,000 rupees ($662) a month from companies who paid her to use their products. For thousands of Indian content creators like Sridhar, TikTok was a window into fame…"India’s TikTok stars feel pained by government app ban"
NEW DELHI – India has ordered telecom companies and other internet providers to stop access to 59 banned Chinese-origin apps, according to notices seen by , intensifying efforts to crack down on such businesses following a border clash between the nations. The Department of Telecommunications (DOT) said internet operators should “immediately block” access to such apps and their websites, warning of legal action if they fail to do so, according to notices issued late on…"India asks telcos, internet firms to block banned Chinese apps, ByteDance to hold talks"
LONDON – The United Kingdom said on Wednesday that China’s imposition of a security law on Hong Kong was a “clear and serious” violation of the 1984 Joint Declaration and called on the People’s Republic to honour its international obligations. “We have very carefully now assessed the contents of this national security legislation since it was published last night,” Foreign Secretary Dominic Raab told and the BBC. “It constitutes a clear violation of the autonomy…"UK says China’s security law is serious violation of Hong Kong treaty"
– Top business executives in the United Sates are calling on the U.S. Congress to pass bipartisan policing reform before its August recess, in the wake of protests against police brutality and racial bias in the criminal justice system. “Congress cannot afford to let this moment pass,” Joshua Bolten, the president and chief executive of The Business Roundtable group, said in a statement on Wednesday. “There is room for bipartisan agreement on many critical issues…"Top U.S. business executives urge Congress to pass bipartisan policing reform"
LONDON – Residents and workers in London’s Canary Wharf will be able to experience superfast Wi-Fi broadband across the site without the hassle of logging into different networks thanks to the first European commercial roll-out of OpenRoaming technology. A joint initiative by Canary Wharf Group, broadband provider Virgin Media and technology company Cisco will allow devices to connect securely and automatically to next generation Wi-Fi 6 networks and roam seamlessly from one hotspot to another…"London’s Canary Wharf pioneers seamless Wi-Fi roaming"
FRANKFURT – The European Central Bank is lowering the bar for bank mergers in the euro zone, hoping to encourage an elusive wave of consolidation in a sector plagued by low profits and unresolved issues inherited from the last financial crisis. In a guide published on Wednesday, the ECB clarified that merged entities won’t necessarily be asked for extra capital and will be allowed to use their own accounting models as well as any “badwill”…"ECB lowers bar for bank mergers in hope of spurring consolidation"
– Netflix Inc on Tuesday appointed Bozoma Saint John as the streaming giant’s chief marketing officer, starting in August, adding a high-profile Black executive to senior management. Saint John, who has been vocal about inequality in corporate America, joins from entertainment and talent agency Endeavor where she was the head of marketing since 2018. She also previously worked at Apple Inc and Uber Technologies Inc. The appointment comes at a time as U.S. companies are…"Netflix names Bozoma Saint John as chief marketing officer"
SAO PAULO – Brazilian antitrust watchdog Cade on Tuesday said it was revoking its previous decision suspending Facebook Inc’s recently launched WhatsApp payments messaging service in partnership with card processor Cielo SA. Cade said preliminary information provided by both Cielo and Facebook indicates that their agreement does not limit new deals with rivals and does not reduce consumers’ choice. Still, Cade said it would continue investigating the partnership. Despite the agency’s decision, the payments service…"Brazil antitrust agency revokes decision blocking WhatsApp, Cielo venture"