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Justice Department sues TikTok for allegedly violating child privacy laws
The legal pressure on TikTok just got more intense.The U.S. Department of Justice on Friday sued TikTok and its Chinese parent ByteDance for allegedly breaking child privacy laws, accusing...
Family feud leads to court order to wind up Lian Huat Group’s parent company
If a resolution is not reached in 30 days, the order will take effect immediatelyEMBROILED in a family feud, the parent company of property developer Lian Huat Group faces...
Parent of India’s Vedanta proposes to cut debt by US$3 billion over next three years
Vedanta Resources, Indian miner Vedanta’s UK-based parent company, will seek to cut its debt by US$3 billion over the next three years, its chairman said in an annual report...
Facebook parent Meta Platforms working on AI technology for Europe
FACEBOOK owner Meta Platforms is building artificial intelligence technology specifically for Europe that reflects linguistic, geographic and cultural references, the company said on Monday (Jun 10).Meta will train its...
UBS completes merger of UBS and Credit Suisse parent companies
SWISS bank UBS said on Friday (May 31) it had completed the merger of the main parent companies of the Swiss lender and its longtime rival Credit Suisse, which...
Temu’s parent PDD trades near cheapest level ever as geopolitical risks bite
SHARES of Temu parent PDD Holdings are being held back by geopolitical risks and fierce competition in China’s e-commerce sector.Granted, it US-listed stock has surged 43 per cent surge...
Parent company of Trump’s Truth Social posts US$328 million loss
TRUMP Media and Technology Group, which owns former US president Donald Trump’s social media platform Truth Social, lost more than US$300 million in the first quarter of 2024, it...
TikTok parent ByteDance now has China’s most popular AI chatbot
BYTEDANCE has overtaken Baidu in the race to deliver China’s answer to ChatGPT – at least in terms of popularity.
