Tag Archives: Foreign

An exterior view of building BV100, during a tour of Google’s new Bay View Campus in Mountain View, California, U.S. May 16, 2022. REUTERS/Peter DaSilva Register now for FREE unlimited access to Reuters.com Register May 27 (Reuters) – Russia’s communications regulator Roskomnadzor said on Friday it had opened administrative cases against Alphabet Inc’s (GOOGL.O) Google and six other foreign technology companies for alleged violations of personal data legislation. Moscow has clashed with Big Tech… Source link

Investor and political activist Bill Browder (left) and Russian President Vladimir Putin (right)TOLGA AKMEN/AFP via Getty Images (left), Mikhail Svetlov/Getty Images (right) Bill Browder once ran Russia’s largest foreign investment fund — now he’s Putin’s “enemy.” In an interview with The New York Times, he said remaining in Russia is like doing “business in Nazi Germany.” He said all companies have a “moral obligation” to leave Russia, “no matter what the cost is.” Bill Browder — an… Source link

(Bloomberg) — China has unveiled sweeping regulations governing overseas share sales by the country’s firms, taking one of its biggest steps to tighten scrutiny on international debuts in the wake of Didi Global Inc.’s controversial listing. Most Read from Bloomberg The regulations, issued by the country’s securities watchdog, commerce ministry and top economic planning agency over the past week, cast more uncertainty over the prospects for overseas initial public offerings that had… Source link

(Bloomberg) — China has unveiled sweeping regulations governing overseas share sales by the country’s firms, taking one of its biggest steps to tighten scrutiny on international debuts in the wake of Didi Global Inc.’s controversial listing. Most Read from Bloomberg The regulations, issued by the country’s securities watchdog, commerce ministry and top economic planning agency over the past week, cast more uncertainty over the prospects for overseas initial public offerings that had… Source link

(Bloomberg) — China is planning to ban companies from going public on foreign stock markets through variable interest entities, according to people familiar with the matter, closing a loophole long used by the country’s technology industry to raise capital from overseas investors. Most Read from Bloomberg The ban, intended in part to address concerns over data security, is among changes included in a new draft of China’s overseas listing rules that may be finalized as soon as this month,… Source link

Yahoo is leaving the China market, suspending its services there as of Monday amid what it says is an “increasingly challenging” business and legal environment. Foreign technology firms have been pulling out or downsizing their operations in mainland China as a strict data privacy law specifying how companies collect and store data takes effect. Such companies have decided the regulatory uncertainty and reputational risks outweigh the advantages of staying in the huge market. Which foreign… Source link

...WINTER WEATHER ADVISORY REMAINS IN EFFECT UNTIL 11 AM EDT WEDNESDAY... * WHAT...Lake effect snow expected. Total snow accumulations of 1 to 2 inches in most valley locations with up to 3 inches across the higher terrain. * WHERE...Warren and McKean Counties. Highest amounts near and to the north of Route 6. * WHEN...Overnight to 11 AM EDT Wednesday. * IMPACTS...Plan on slippery road conditions. The hazardous conditions could impact the Wednesday morning... Source link

Boris Johnson speaks at the Global Investment Summit in the UK’s Science Museum. Photo: Department for International Trade live stream UK prime minister Boris Johnson is set to announce £9.7bn ($13.4bn) in overseas investment in the UK — a move that Number 10 says will create 30,000 new jobs.  As the UK’s Global Investment Summit begins, Johnson welcomed business leaders including Microsoft (MSFT) co-founder Bill Gates at the Science Museum in London on Tuesday.  Opening the summit,… Source link

Yandex’s news aggregator has started labeling content from media outlets designated as “foreign agents” in Russia. The website now displays the words “FOREIGN AGENT” next to these publications’ names, followed by a dropdown menu that contains a full legal disclosure.  There’s some dispute about whether the law actually requires Yandex to share these designations.  Spokespeople for the company told Interfax that Russia’s laws on news aggregators require Yandex to comply with… Source link

The U.S. housing market was a bright spot during most of the COVID-19 pandemic, but it didn’t get any help from international buyers, many of whom couldn’t even travel to the U.S. The dollar volume of existing-home purchases by foreign buyers for the 12-month period ending March 2021 fell 27% to $54.4 billion, while the number of homes bought by foreigners fell 31% to 107,000 units, according to a new report by the National Association of Realtors (NAR) released Monday. The dollar volume… Source link