Business

Chinese regulator orders Ant Group to conduct major overhaul

Chinese regulators have ordered Ant Group, a financial affiliate of e-commerce giant Alibaba Group Holding, to become a financial holding company to ease financial oversight amid stepped up scrutiny of technology firms.

Business

Spanish media file 550-mn-euro lawsuit against Meta

A group representing over 80 Spanish media outlets on Monday filed a 550-million-euro ($600 million) lawsuit against Instagram-owner Meta for allegedly violating European Union regulations on personal data protection.

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