21 August

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Hong Kong activist returned from Chinese prison found guilty in national security case By Reuters

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By Jessie Pang and Aiden Waters HONG KONG (Reuters) -A Hong Kong pro-democracy activist, who had been detained in mainland China after trying to flee the city by boat, was found guilty on Thursday of conspiracy to commit collusion with a foreign country in a national security case. Andy Li was among a group of 12 people intercepted by mainland authorities in August 2020 on a boat believed to be en route to Taiwan, in a case which drew international attention and concern over their treatment in China. The court heard Li, 31, was instructed...

21 August

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Anger and despair rise in Haiti, one week after devastating quake By Reuters

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By Laura Gottesdiener and Ricardo Arduengo MARCELINE, Haiti (Reuters) - Tensions in Haiti were rising on Saturday, one week after a devastating earthquake that killed more than 2,000 people, as scant aid has arrived in the remote regions of the impoverished Caribbean nation that were hit hardest. Many Haitians whose homes and livelihoods were destroyed by the magnitude 7.2 quake that struck last Saturday morning said they were unsure how to even start rebuilding. The official death toll from the earthquake stands at 2,189 people, with an estimated 332 people still missing. But residents...

21 August

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Exclusive-China eyes pushing U.S. IPO-bound firms to hand over data control -sources By Reuters

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By Julie Zhu and Scott Murdoch HONG KONG (Reuters) - Chinese regulators are considering pressing data-rich companies to hand over management and supervision of their data to third-party firms if they want U.S. stock listings, sources said, as part of Beijing's unprecedented scrutiny of private sector firms. The regulators believe bringing in third-party information security firms, ideally state-backed, to manage and monitor IPO hopefuls' data could effectively limit their ability to transfer Chinese onshore data overseas, one of the people said. That would help ease Beijing's growing concerns that a foreign listing might force...

21 August

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Factbox-How Big Tech is faring against U.S. lawsuits and probes By Reuters

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(Reuters) - Big Tech platforms Facebook Inc (NASDAQ:FB) and Google have been hit with a series of antitrust lawsuits by the U.S. federal government and states on charges they are operating monopolies and abusing their power. Below is the status of the cases, as well as government probes of Apple Inc (NASDAQ:AAPL) and Amazon.com Inc (NASDAQ:AMZN). Two lawsuits against Facebook: The U.S. Federal Trade Commission filed a new complaint against Facebook in mid-August 2021, adding more detail on the accusation the social media company crushed or bought rivals and once again asking a judge...

21 August

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Bitcoin rises 5 percent to $49,106 By Reuters

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(Reuters) - Bitcoin rose 5.01 % to $49,106.4 at 22:04 GMT on Friday, adding $2,342.1 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 77.4% from the year's low of $27,734 on Jan. 4. Ether, the coin linked to the ethereum blockchain network, rose 3.03% to $3,281.82 on Friday, adding $96.64 to its previous close. ...

21 August

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Analysis: Red tape, risk aversion clip wings of Merkel’s innovation legacy By Reuters

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By Andreas Rinke and Michael Nienaber BERLIN (Reuters) - It was one of Chancellor Angela Merkel's most radical ideas during her last term in office: a new agency that would bring to market ground-breaking German innovation such as a way to clean the world's oceans and a therapy for Alzheimer's disease. But two years after Merkel launched the project, driven by both her own scientific background and concerns that Europe could fall behind, the SPRIN-D agency for disruptive innovation is struggling under the weight of institutional, cultural and budgetary constraints. Summing up some of the frustration...

21 August

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London police warn of two weeks of disruption from climate protests By Reuters

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By Andrew MacAskill LONDON (Reuters) -London's police warned on Friday that protests by environmental activists planned for the next two weeks will cause disruption across the capital and will distract officers from dealing with crime. Extinction Rebellion, which caused days of traffic chaos in London two years ago, said it will target the capital's financial district in disruptive protests which are due to start on Monday. The group accuses financial firms of helping to fuel climate change and it brought much of central London to a standstill during 11 days of action in 2019. Those protests...

21 August

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Hurricane Grace bears down on Mexico’s Gulf coast, threatens heavy rain By Reuters

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By Tamara Corro TECOLUTLA, Mexico (Reuters) - Hurricane Grace gathered more strength as it barreled towards Mexico's Gulf coast on Friday afternoon, threatening to lash the oil-producing state of Veracruz and central Mexico with strong winds and heavy rains. In Tecolutla, a resort on the Gulf of Mexico, some tourists at the beach from Mexico City were enjoying the calm before the storm, even as light rain started to fall. "We had to come, even if we get a bit wet," said Guillermina Morales, who was on a trip planned over four months ago. Grace, a...

21 August

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GM expands Chevy Bolt EV recall for fire risk, will take $1 billion hit By Reuters

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By David Shepardson WASHINGTON (Reuters) -General Motors Co said on Friday it would take a hit of $1 billion to expand the recall of its Chevrolet Bolt electric vehicles due to the risk of fires from the high-voltage battery pack - a blow for the largest U.S. automaker as it seeks to ramp up EV sales. The Detroit company also said it would indefinitely halt sales of the EVs due to the issue and will seek reimbursement from battery supplier LG. The latest recall covers 73,000 vehicles from model years 2019 through 2022. “The reserves and...

21 August

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Taiwan says sees ‘balance’ in auto chip supplies by Q4 By Reuters

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TAIPEI (Reuters) - Global supply and demand for auto chips should reach a "balance" by the fourth quarter of 2021, Taiwan's government said on Saturday, reiterating its commitment to doing its part to tackle a shortage that has closed production lines around the world. Democratic U.S. senators from Michigan and Ohio this week asked the Taiwanese government to help address the shortage, given that the island is a major semiconductor producer and seen as central to efforts to resolve the problem. Responding to the letter, Taiwan's Economy Ministry noted that the island's chip producers were not...

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Hong Kong activist returned from Chinese prison found guilty in national security case By Reuters

Anger and despair rise in Haiti, one week after devastating quake By Reuters

Exclusive-China eyes pushing U.S. IPO-bound firms to hand over data control -sources By Reuters

Factbox-How Big Tech is faring against U.S. lawsuits and probes By Reuters

Bitcoin rises 5 percent to $49,106 By Reuters

Analysis: Red tape, risk aversion clip wings of Merkel’s innovation legacy By Reuters

London police warn of two weeks of disruption from climate protests By Reuters

Hurricane Grace bears down on Mexico’s Gulf coast, threatens heavy rain By Reuters

GM expands Chevy Bolt EV recall for fire risk, will take $1 billion hit By Reuters

Taiwan says sees ‘balance’ in auto chip supplies by Q4 By Reuters

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