Anti-Monopoly Investigation Launched Against Alibaba December 24, 2020 10:00
On Thursday, Chinese regulators announced that an anti-monopoly investigation has been launched against Alibaba Group, the first of its kind for a Chinese tech company.
In particular, the market regulator will focus on Alibaba’s policy of “choose one of two”, whereby merchants are required to sign cooperation pacts which prohibit them from selling their products on rival platforms.
The news comes a month after regulators forced the suspension of Ant Group’s IPO, Alibaba’s financial technology spinoff, which was co-founded by Alibaba founder Jack Ma. The IPO was set to be the world’s largest.
British Pound Falls Amidst New Strain of Virus and Halted Freight
British Pound Falls Amidst New Strain of Virus and Halted Freight December 21, 2020 09:57
Last week, most of us thought that the biggest factor affecting the financial markets this weekend would be the ongoing Brexit negotiations. How wrong we were.
On Saturday evening, a stoney faced Boris Johnson addressed the nation amid a new, highly contagious, strain of Covid-19 spreading rapidly across the south-east of England and causing case numbers to soar.
Whilst many people will be distraught over the cancellation of the Christmas relaxation period, the greater worry should undoubtedly be the impact that this new strain will have on UK health and the economy.
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