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India imposes restrictions on import of TVs

India has imposed restrictions on import of colour televisions (which effectively means all consumer TVs), presumably in a bid to encourage domestic production. In a notification issued by the Directorate General of Foreign Trade on July 31, imports of colour TVs in certain categories will now require a licence from the government, as the directorate revised the import policy for these items from “free” to “restricted”. The directorate said it will separately issue the procedure for the grant of...
Tags: Travel, News, China, India, Economic Times, Colour TVs


Apple sees growth in Mac and iPad sales owing to global work from home restrictions

Apple had a strong June quarter, and Mac and iPad sales, aided by the global shelter-in-place rules, were a major contributor: iPad revenue grew, sequentially, by over 50%, while revenue from Macs increased by over 30% in the same period. iPhone sales, meanwhile, grew marginally over last year, but fell down by as much as nearly 9% compared to the March quarter. The Services category, which had done really really well for Apple in the March quarter, more or less remained unaffected, as Apple loo...
Tags: Travel, Iphone, Apple, Cook, News, Mac, La, China, US, Intel, Tim Cook, Earnings, App Store, Télé, UC San Diego Health, Maestri


Google wants to be only destination for Search and digital advertising: 14 key takeaways from Pichai’s deposition before the antitrust subcommittee

Given that Google earns more than $100 billion, there is “a fundamental conflict of interest between serving users who want to access the best and most relevant information and Google’s business model, which incentivises Google to sell ads and keep users on Google’s own sites,” David Cicilline (D-RI), the chair of the subcommittee, said at the Big Tech CEOs’ hearing before the House subcommittee on antitrust on July 29 (available to watch here). But Google CEO Sundar Pichai clarified that ads ar...
Tags: Travel, Apple, Google, Amazon, Facebook, Mark Zuckerberg, Cook, News, Microsoft, Congress, Navy, Youtube, Senate, China, US, Joe Biden


Apple’s preferential treatment in App Store, coercive practices: 8 key takeaways from Cook’s deposition before the antitrust subcommittee

Apple’s App Store policies are such that at one point even Facebook’s CFO Sheryl Sandberg thought that Apple could lock out Facebook’s apps, the Big Tech CEOs’ hearing before the House subcommittee on antitrust on July 29 (available to watch here) revealed. Questions to Apple CEO Tim Cook largely focussed on the company’s App Store policies. “I am concerned that Apple’s policies are also picking winners and losers in the app economy, and that Apple rules mean Apple apps always win.” — Representa...
Tags: Travel, Apple, Google, Amazon, Facebook, Cook, News, China, US, Competition, Beijing, House, Tim Cook, Antitrust, Baidu, Johnson


Alibaba Boosts Investment in EV Maker Xpeng Before New York IPO - Bloomberg

Alibaba Boosts Investment in EV Maker Xpeng Before New York IPO - Bloomberg:Chinese electric-car startup Xpeng Motors is raising more funds from Alibaba Group Holding Ltd. and other investors ahead of its planned initial public offering in New York, according to people familiar with the matter.Qatar Investment Authority also is one of the backers putting in another $300 million total in Xpeng, said the people, asking not to be identified because the matter is private. That expands Xpeng’s pre-IP...
Tags: Travel, New York, China, Alibaba, Qatar Investment Authority, Guangzhou, U S Securities and Exchange Commission, Alibaba Group Holding Ltd, Rupert Neil Bumfrey, IPO Bloomberg, Tesla Inc, XPENG Motors, Xpeng, Nio Inc, EV Maker Xpeng Before New York


Amazon targeted sellers, investees, AWS clients with anti-competitive practices: 9 key takeaways from Bezos’s deposition before the antitrust subcommittee

On questioning by Representative Joe Neguse (D-CO), who is also the vice-chair of the subcommittee on antritrust, Amazon founder and CEO Jeff Bezos conceded that Amazon accounts for 40% of “online retail sales in the e-commerce market stream”. In his prepared testimony, Bezos had said, “Amazon accounts for less than 1% of the $25 trillion global retail market and less than 4% of retail in the US”, characterising retail as everything — including restaurants, bars, gas stations, Neguse pointed out...
Tags: Travel, Google, Amazon, News, Congress, China, India, US, Competition, Netflix, House, New York Times, Antitrust, Aws, Jeff Bezos, Johnson


Microsoft-TikTok: On Global ambitions, Geopolitics, IPO plans, Big Tech and the splinternet

It’s official: Microsoft is in talks to buy the TikTok business from ByteDance in four countries: the United States, Canada, Australia and New Zealand. This comes a day after US President Donald Trump told reporters on-board Air Force One that “As far as TikTok is concerned, we’re banning them from the United States”. President Trump was not in favor of a US company buying Tiktok, but and was considering an executive order to ban it. However, as per Microsoft’s statement (reproduced in full belo...
Tags: Travel, Facebook, UK, News, Supreme Court, Microsoft, China, India, Satya Nadella, US, Social Media, Linkedin, Eu, Bloomberg, United States, United Kingdom


#Iran's stock market hits record high amid battered economy

Iran's stock market hits record high amid battered economy:The Tehran Stock Exchange closed at a record high on Sunday, crossing 2 million points for the first time, even as U.S. sanctions, unemployment, inflation and low oil prices batter the Iranian economy.The exchange’s website showed it closed at 2,011,492 points, up some 50,000 points from Saturday. Government authorities also offered additional shares of state-owned companies onto the market Sunday.The Tehran Stock Exchange has seen sharp...
Tags: Travel, China, Iran, Tehran Stock Exchange, Rupert Neil Bumfrey


The Station: ADA turns 30, Panasonic’s new battery tech and delivery (data) woes

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hello and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. Before we get into all the mobility news and analysis of the week I wanted to flag an upcoming event that might be of interest to the budding entrepreneurs out there. TC Disrupt, that BIG annual...
Tags: Travel, TC, Transportation, Lyft, Elon Musk, New York, Indonesia, Washington, China, Germany, Berlin, Singapore, New York City, San Francisco, Tesla, Walmart


China Oil Giant CNPC Said to Eye BP Stake in #Oman Gas Field - Bloomberg

China Oil Giant CNPC Said to Eye BP Stake in Oman Gas Field - Bloomberg:China National Petroleum Corp. is in talks to acquire part of BP Plc’s stake in a key gas field in Oman, according to people familiar with the matter.China’s state-owned oil giant is having advanced discussions with BP for a 10% stake in the Khazzan natural gas field, the people said. The minority stake could fetch about $1.5 billion, said the people, asking not to be identified as the matter is private.No final decisions ha...
Tags: Travel, China, Malaysia, Oman, Bp, Bloomberg News, BP Plc, CNPC, China National Petroleum Corp, Rupert Neil Bumfrey, Oman Oil Co, Khazzan, China Oil Giant CNPC, Oman Gas Field Bloomberg


Saudis Seen Cutting Oil Price as Fresh Supply Meets Demand Slump - Bloomberg

Saudis Seen Cutting Oil Price as Fresh Supply Meets Demand Slump - Bloomberg:Saudi Arabia may have little choice but to reduce the price of its oil as OPEC and allied producers start to ease output curbs amid weakening demand that’s crashed the value of physical supplies.Aramco is expected to cut the official selling price for its flagship Arab Light grade by 48 cents a barrel for September sales to Asia, the median estimate in a survey of eight traders and refiners across the region shows. It w...
Tags: Travel, Asia, Saudi Arabia, China, Opec, Bloomberg, Aramco, Rupert Neil Bumfrey


Ascott’s Coliving Brand lyf Gains Momentum With Six New Properties Signed In Australia, China And The Philippines

CapitaLand's wholly owned lodging business unit, The Ascott Limited (Ascott) continues to see strong demand for its coliving brand 'lyf', which caters to a growing segment of millennials who seek flexibility, value and enriching community experiences. Ascott is adding over 1,000 units across six new lyf properties secured in Melbourne, Australia; Beijing, Hangzhou, Shanghai and Xi'an, China; and Manila, the Philippines.
Tags: Travel, China, Philippines, Melbourne Australia, Ascott, Australia China, Beijing Hangzhou Shanghai


‘Won’t share Indians’ data with any country even if requested’: TikTok

Popular short video app TikTok has not shared Indian users’ data with any foreign government, nor has it used it to compromise the integrity of India, the company’s India head Nikhil Gandhi said in a blog post on July 29. “Even if we are requested [by a foreign government] to [share Indians’ data] in the future, we would not do so”, he claimed. TikTok was among the 59 ‘Chinese’ apps that were banned in India, in June, over concerns of national security, and privacy. The ban had come amid heighte...
Tags: Travel, News, Congress, China, India, Committee, Ministry of Home Affairs, Gandhi, Shashi Tharoor, MHA, Medianama, Ministry of Electronics and Information Technology, IT Ministry, Tiktok, Section 69A, Nikhil Gandhi


Honolulu grocers hit by COVID-19, Young Brothers threatens to stop interisland shipping without 47% rate hike, Kauai park shut down after bad behavior, more news from all the Hawaiian Islands

Coconut climber at Polynesian Cultural Center ©2020 All Hawaii News COVID-19 leads to layoffs at The Polynesian Cultural Center. Approximately 30% of the 260 full-time employee workforce may be reduced by September 26, 2020. Shipper asks for ruling on rates by Aug. 17. Young Brothers says it may be forced to discontinue interisland services and furlough employees if the state Public Utilities Commission does not approve its emergency request for a 47 percent rate hike by Aug. 17. Maui...
Tags: Travel, Amazon, Congress, China, Massachusetts, Thailand, Hawaii, Army, Jeff Bezos, Kilauea, Taser, Pacific, DOE, Costco, Natural Resources, Hawaiian Airlines


‘Company size doesn’t prevent competition’, Zuckerberg to argue at antitrust hearing

“Facebook is a successful company now, but we got there the American way: we started with nothing and provided better products that people find valuable. As I understand our laws, companies aren’t bad just because they are big. Many large companies that fail to compete cease to exist,” Facebook CEO Mark Zuckerberg plans to tell lawmakers at an antitrust hearing on Wednesday, according to prepared remarks released to the public. “We know that our future success is not guaranteed, especially in a ...
Tags: Travel, Apple, Google, Amazon, Facebook, Mark Zuckerberg, News, Instagram, Congress, China, US, America, Competition, Tim Cook, Antitrust, Jeff Bezos


‘The world needs large companies as well’: Jeff Bezos in his prepared congressional testimony

In his first ever appearance before the US Congress, Amazon’s CEO will make a pitch that the world needs big companies like Amazon, as much as it needs smaller ones. “There are things small companies simply can’t do. I don’t care how good an entrepreneur you are, you’re not going to build an all-fiber Boeing 787 in your garage,” Bezos plans to tell a House Judiciary panel Wednesday, according to written testimony. In a prepared testimony, Bezos also argues that Amazon is just another company in ...
Tags: Travel, Apple, Google, Amazon, Mark Zuckerberg, News, China, India, US, Walmart, Eu, Competition, Antitrust, Jeff Bezos, Boeing, Wall Street Journal


Roblox jumps to over 150M monthly users, will pay out $250M to developers in 2020

Gaming platform Roblox, which has seen a surge of use due to the coronavirus pandemic, now has over 150 million monthly active users, up from the 115 million it announced in February before the U.S.’s shelter-in-place orders went into effect. The company also said its developer community is on pace to earn over $250 million in 2020, up from the $110 million they earned last year. These metrics and other company news were announced over the weekend at RDC, Roblox’s annual developer conference ...
Tags: Travel, Gaming, Games, China, Developers, Tencent, Andreessen Horowitz, Ugc, Roblox, Robux, David Baszucki, RDC Roblox


All dogs in Shenzhen, China will get microchipped by 2020

The world’s hardware haven is taking a digital leap for pets. In May, China’s southern city Shenzhen announced that all dogs must be implanted with a chip, joining the rank of the U.K., Japan, Australia and a growing number of countries to make microchips mandatory for dogs. This week, city regulators began to set up injection stations across their partnering pet clinics, according to social media posts from the Shenzhen Urban Management Bureau. The chip, which is said to last for at least 15 ye...
Tags: Travel, Asia, Sweden, China, Pets, Huawei, Microchips, Shenzhen, Shenzhen China, U K Japan Australia, Shenzhen Urban Management Bureau


Hong Kong-based EMQ raises $20 million for its cross-border financial settlement tech

Cross-border financial transactions are a major headache for individuals and large companies alike, who often have to deal with long wait times and high fees in order to send money to recipients in other countries. EMQ, a Hong Kong-based startup that develops network infrastructure to make international payments faster, announced today that it has raised a $20 million Series B led by WI Harper Group. EMQ’s technology is integrated by clients, including online banks digital wallets, e-commerce...
Tags: Travel, Fundings & Exits, Startups, TC, Asia, SparkLabs, Hong Kong, Japan, China, India, Taiwan, Canada, Fintech, Juniper Research, Liu, Financial Supervisory Commission


Oil falls 2% on U.S.-China tensions, rising virus cases - Reuters

Oil falls 2% on U.S.-China tensions, rising virus cases - Reuters:Oil prices dropped nearly 2% on Monday despite a weaker U.S. dollar, as rising coronavirus cases and tensions between the United States and China clouded the outlook for oil demand’s recovery.Brent crude LCOc1 lost 81 cents, or 1.9%, to $42.53 a barrel by 11:13 a.m. EDT, while U.S. West Texas Intermediate (WTI) crude CLc1 fell 65 cents, or 1.6%, to $40.64 a barrel.Following the closures of consulates in Houston and Chendu, investo...
Tags: Travel, China, United States, Houston, Reuters, Rupert Neil Bumfrey, Rystad Energy, Bjornar Tonhaugen, Chendu


Oil slips on U.S.-China tensions, rising virus cases - Reuters

Oil slips on U.S.-China tensions, rising virus cases - Reuters:Oil prices edged lower on Monday as rising coronavirus cases and tensions between the United States and China pushed investors towards safe-haven assets.Brent crude LCOc1 dipped 20 cents, or 0.5%, to $43.14 a barrel by 1000 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 dropped to $41.15 a barrel, down 14 cents, or 0.4%.The fall in oil mirrored moves in broader financial markets in Asia amid concerns about escalating tensio...
Tags: Travel, Asia, China, United States, Houston, Reuters, U S West Texas Intermediate WTI, Rupert Neil Bumfrey, Chengdu Global


Oil slips as U.S.-China friction, rising virus cases weigh on markets - Reuters

Oil slips as U.S.-China friction, rising virus cases weigh on markets - Reuters:Oil prices edged lower on Monday as rising coronavirus cases and tensions between the United States and China pushed investors toward safe-haven assets.Brent crude LCOc1 dipped 8 cents, or 0.2%, to $43.26 a barrel by 0403 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 dropped to $41.22 a barrel, down 7 cents, or 0.2%.The fall in oil mirrored moves in broader financial markets in Asia amid concerns about esc...
Tags: Travel, Asia, China, Russia, United States, Houston, Reuters, U S West Texas Intermediate WTI, Rupert Neil Bumfrey, Organization of the Petroleum Countries, Chengdu Global


‘We were the luckiest people in the world’: our month on the last lockdown cruise

On 1 March, photographer Jon Tonks left New Zealand on a Pacific cruise. Twenty eight days later, the boat docked in San Diego, amid a pandemic. What happened in between?The cruise ship MS Maasdam left New Zealand on the evening of 1 March, steaming out of Auckland’s Waitemata harbour into the Hauraki Gulf, where it headed north. The route was to San Diego via Fiji, the Cook Islands, French Polynesia and Hawaii. On board the Holland America Line ship were around 1,200 passengers, including Ameri...
Tags: Cruises, Travel, China, Life and style, World news, Hawaii, New Zealand, San Diego, South Pacific, Pacific, Auckland, Fiji, Hauraki Gulf, Cook Islands French Polynesia, Holland America Line, Waitemata


Oil up on strong economic data; U.S.-China tensions cap gains - Reuters

Oil up on strong economic data; U.S.-China tensions cap gains - Reuters:Oil prices rose on Friday, lifted by some supportive economic data, but tensions between the United States and China limited gains.Brent crude futures LCOc1 rose 3 cents to settle at $43.34 a barrel. U.S. West Texas Intermediate (WTI) crude CLc1 futures rose 22 cents to settle at $41.29 a barrel.For the week, Brent rose 0.5%, while U.S. crude rose 1.7%.Ahead of the weekend, market participants had their eye on Tropical Storm...
Tags: Travel, China, United States, Brent, Reuters, Hanna, Corpus Christi Texas, Rupert Neil Bumfrey, Baffin Bay 46


Oil prices edge lower on U.S.-China tensions - Reuters

Oil prices edge lower on U.S.-China tensions - Reuters:Oil prices edged lower on Friday, pressured by tensions between the United States and China, but some supportive economic data in Europe tempered losses.Brent crude futures fell 13 cents to $43.18 a barrel by 11:19 a.m. EDT (1519 GMT). U.S. West Texas Intermediate (WTI) crude futures fell 5 cents to $41.02 a barrel.Both benchmarks were on track for a modest weekly rise.China ordered the United States to close its consulate in the city of Che...
Tags: Travel, Europe, China, United States, Houston, Chengdu, Reuters, U S West Texas Intermediate WTI, U S China, Rupert Neil Bumfrey


Risk management cannot be completely data-driven, says Uday Kotak

When it comes to using technology in financial services, there are two black boxes according to Uday Kotak — management of risk, and security. This is why the threat of cyber theft and disruption of traditional banking models by competitors are what Kotak is most concerned about. During a conversation with G. Padmanabhan, the non-executive chairperson of Bank of India, on Thursday, Kotak, the executive vice chairperson and managing director of Kotak Mahindra Bank, said that risk management, howe...
Tags: Travel, News, China, India, Digital, US, Banking, Alibaba, Tencent, Fintech, Blockchain, Competition Commission, Kotak Mahindra Bank, Kotak, Padmanabhan, Uday Kotak


Oil prices edges up on weak dollar, U.S.-China tensions weigh - Reuters

Oil prices edges up on weak dollar, U.S.-China tensions weigh - Reuters:Oil prices edged higher on Friday, supported by a weaker dollar, though tensions between the United States and China weighed.Brent crude LCOc1 was up 26 cents at $43.57 a barrel at 0944 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 was up 29 cents at $41.36.“Both crude benchmarks are roughly back where they were before this week’s upside breakout. Looking ahead, the oil market will likely settle back into a wait-a...
Tags: Travel, China, United States, Houston, Chengdu, Reuters, U S West Texas Intermediate WTI, U S China, Rupert Neil Bumfrey


Chinese drone companies are actually in the business of ‘data arbitrage’: Indian drone maker ideaForge

It’s no secret that there’s a deluge of Chinese-made drones in India but domestic drone makers are fighting back, vying to reclaim lost turf. “Our drones are not just more efficient than their Chinese counterparts, but also more secure for the country,” Vishal Saxena, vice president of surveillance and mapping at ideaForge, an Indian drone maker, told MediaNama. He also told us that a major reason why we should be wary of Chinese drones is because they are primarily in the business of “data arbi...
Tags: Travel, News, China, India, Drones, Dji, Delhi, Mumbai, Amritsar, RTI, Indian Oil Corporation, Medianama, DGCA, Saxena, PSUs, Indo China


J-POD || Podcast || “In 1962, Nehru heard the Opposition, convened Parliament, didn’t stifle media. In 2020, Modi is trying to snatch victory from jaws of defeat by managing headlines” || Jairam Ramesh

When WhatsApp becomes the chief source of information, it is easy to lose sight of the fact that India was a mere 17 years old as a free nation when China invaded in 1962.   An impressionable teenager, whose population was 45 crores, whose GDP was a mere $4,200 crore. On the other hand, when China intruded into Ladakh this year seizing land and strangling soldiers, independent India was a full grown adult, a real senior citizen if you will, all of 73 years old. India’s population is now 130 c...
Tags: Travel, Media, Congress, Nsa, China, India, BJP, Narendra Modi, US, Beijing, Army, Union, Ussr, Parliament, Dalai Lama, Air Force


Electronics industry mass-cancelling imports from China: Report

Many companies in the electronics industry, who build India’s power supply systems, are cancelling orders of raw materials coming from China, the Economic Times reported. R.K. Chugh, the president of the Indian Electrical and Electronics Manufacturers’ Association told the publication that the industry “can shift to reliable and friendlier countries like Japan, Taiwan, Korea, Germany, etc.” The move follows tensions between India and China following the border clashes between the countries in Ju...
Tags: Travel, News, China, India, Cybersecurity, Power, Republic of China, Ministry of Power, The Times of India, Misra, China the Economic Times, R K Chugh, Japan Taiwan Korea Germany, Sunil Misra, Hartek Group



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