Tag Archives: move

Bloomberg Shock and Tears: Behind Vanguard’s Retreat From China’s Market (Bloomberg) — Vanguard Group Inc. staff who dialed into a video call from their desks on the 40th floor of the Shanghai World Financial Center last month were expecting a morale-boosting speech from regional head Scott Conking on how the U.S. fund giant would tackle the Chinese market after years of preparation.Instead, Conking said the $7 trillion money manager was abandoning its push for a mutual fund license. The… Source link

The mammoth cargo ship marooned in a busy maritime thoroughfare has spawned lots of viral memes, but has the potential to inflict damage on a global economy that’s still recovering from the shock of the COVID-19 pandemic. The improbable crisis in the Suez Canal — a major chokepoint for consumer goods and natural gas shipments — involves the 430-yard long Ever Given, and is now entering its fourth day. The Japanese firm that owns the ship is working frantically with Egyptian authorities… Source link

But Western operations are recognizable, according to one former senior US intelligence official. “There are certain hallmarks in Western operations that are not present in other entities … you can see it translate down into the code,” said the former official, who is not authorized to comment on operations and spoke on condition of anonymity. “And this is where I think one of the key ethical dimensions comes in. How one treats intelligence activity or law enforcement activity… Source link

(Bloomberg) — National Grid Plc agreed to buy PPL Corp.’s U.K. electricity distribution business for 7.8 billion pounds ($10.9 billion), a move that will transform the company as it prepares for a low-carbon future. The biggest U.K. utilities transaction in a decade highlights how crucial grids have become as nations figure out how to navigate the shift to electricity from fossil fuels. Distribution grids, the local networks that feed directly into homes and businesses, are at the heart of… Source link

Google will lower its Play commissions globally for developers that sell in-app digital goods and services on its marquee store, the company said, following a similar move by rival Apple late last year. The Android-maker said on Tuesday that starting July 1, it is reducing the service fee for Google Play to 15% — down from 30% — for the first $1 million of revenue developers earn using Play billing system each year. The company will levy a 30% cut on every dollar developers generate through… Source link

Apple has just made a striking new privacy move ahead of the launch of iOS 14.5. Apple has just hit out at data-collecting rivals such as Google and Facebook with the launch of a … [+] new database of privacy labels on its website. SOPA Images/LightRocket via Getty Images Apple has just hit out at data-collecting rivals such as Google and Facebook with the launch of a new database of privacy labels on its website. Apple released privacy labels for its… Source link

Third-party cookies have increasingly fallen by the wayside as the public has become more protective of privacy rights in an age of algorithms and data. Some major browsers including Firefox and Safari now block third-party cookies by default, further reducing their usefulness to advertisers. And Google has already said it’s planning to do the same in its browser, Chrome. The future of tracking-based web advertising, Google argued, will be more abstract, relying less on an individual’s… Source link

Both state Rep. Andy Vargas, a Democrat who is sponsoring similar legislation in Massachusetts, and Hawaii Democratic state Sen. Stanley Chang said they hoped legislation would help level the playing field between the tech companies and startups and entrepreneurs, who have no choice but to accept Apple’s and Google’s terms. The state legislative fights are the latest manifestation of the long-running gripes that developers such as Spotify have aired to lawmakers and antitrust regulators… Source link

Texas Gov. Greg Abbott completely lifted the state’s mask mandate on Tuesday despite the ongoing COVID-19 pandemic, and San Antonio Spurs coach Gregg Popovich isn’t happy about it. Abbott announced on Tuesday that residents are no longer required to wear a face mask in public and that all businesses can open at full capacity starting next week, according to The Dallas Morning News. Though new case numbers are declining nationally, the pandemic is far from over — and Texas is among the… Source link

The Guardian Democrats lost Texas because of Covid and Republican voter drive, report finds A party postmortem says more outreach to non-voters is needed after a predicted blue wave failed to materialise in 2020 A supporter of the Democratic presidential candidate Joe Biden prepares for a Ridin’ With Biden event in October 2020, in Plano, Texas. Photograph: LM Otero/AP Sign up for the Guardian’s First Thing newsletter Get-out-the-vote efforts hampered by the coronavirus pandemic and an… Source link