Business

TikTok owner ByteDance launches e-payment service

TikTok owner ByteDance has begun rolling out an electronic payment service connected to Douyin, the Chinese version of the popular short video app, the tech giant said Tuesday.

Hi Tech & Innovation

Singapore's world-first face scan plan sparks privacy fears

Singapore will become the world's first country to use facial verification in its national ID scheme, but privacy advocates are alarmed by what they say is an intrusive system vulnerable to abuse.

Business

Software company founder McAfee charged with tax evasion

Antivirus software entrepreneur John McAfee has been charged with evading taxes after failing to report income made from promoting cryptocurrencies while he did consulting work, made speaking engagements and sold the rights ...

Internet

Virus-isolated silver surfers ride a new tech wave

Before entering coronavirus lockdown with the rest of Britain in March, 73-year-old Pamela Cox had never shopped or banked online. Zoom was something you did with a camera lens.

Business

Facebook-backed Libra group pledges to 'reassure' regulators

The head of the Libra Association, created by Facebook to launch its new cryptocurrency, said Thursday the project's leaders would aim to "reassure" regulators who have voiced mounting concern over the virtual money.

US puts sanctions on N.Korea hacking groups behind major thefts

The US Treasury on Friday placed sanctions on three North Korea government-sponsored hacking operations which it said were behind the theft of possibly hundreds of millions of dollars and destructive cyber-attacks on infrastructure.

Business

Stormclouds gather for Facebook's Libra currency

International outcry is mounting over Facebook's Libra—with central banks, governments and regulators railing against the social media giant's upstart cryptocurrency.

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