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Added on the 04/06/2019 06:28:36 - Copyright : Wochit
Shanghai, Sep 4 (EFE/EPA).- The stock markets in mainland China have been trading at their highest levels in 5 years buoyed by tech stocks, with the latest possible shot in the arm being the upcoming listing of the financial technology giant Ant Group, which may even become the biggest IPO of all time. The CSI 300 index, which tracks the 300 biggest stocks in the Shanghai and Shenzhen exchanges, has defied the predictions of analysts, who had advised caution despite the sustained rise citing its volatile character. The index, which touched its highest level since 2015 on Jul. 13, has only dropped around 0.74 percent since then, displaying a sort of plateau, which has kept the Chinese markets at their best levels in the last five years. This year, the combined tracker of China's biggest companies has risen 16 percent despite the pandemic, or maybe even because of it. (Camera: ALEX PLAVEVSKI)FOOTAGE SHOWS B-ROLL OF ALIPAY HEADQUARTERS IN SHANGHAI, CHINA.
The parents of disgraced crypto star Sam Bankman-Fried; along with the prosecution's first witness, Marc-Antoine Julliard; and prosecution lawyer Nicolas Roos are seen outside the courthouse during the second day of the trail against the former CEO of one of cryptocurrency's biggest exchanges. A jury will determine if Sam Bankman-Fried committed massive fraud by stealing billions of dollars from clients. IMAGES
The United States is suing Google for its dominance of the online advertising market, announces Attorney General Merrick Garland from the US Justice Department in Washington, DC. "We allege that Google has used anticompetitive, exclusionary, and unlawful conduct to eliminate or severely diminish any threat to its dominance over digital advertising technologies," he tells a press conference. SOUNDBITE
Beijing, Jul 8 (EFE/EPA).- China announced a series of new fines on big tech companies, including Alibaba, Didi Chuxing and Tencent, for irregularities related to merger or acquisition agreements over the past decade.In a series of statements issued on Wednesday night, the State Administration for Market Regulation (SAMR) revealed up to 22 fines of 500,000 yuan ($77,240) each, a very small amount compared to the multibillion-dollar revenues of the affected companies but the maximum allowed by China's anti-monopoly law for such irregularities. (Camera: ARCHIVE).ARCHIVE FOOTAGE OF THE OFFICES AND HEADQUARTERS OF CHINESE TECH COMPANIES TENCENT AND ALIBABA IN CHINA.
The leadership at massive tech giant Samsung has been plunged into uncertainty. CNN reports Samsung's vice chairman Lee Jae-yong is going back to prison once again, after being found guilty of embezzlement and bribery. The Seoul High Court in South Korea sentenced the Samsung heir to 2 1/2 years on Monday. In 2017, Lee was found guilty of bribery and other corruption charges. He was sentenced to five years in prison at the time. However, he strolled out of the slammer in less than a year. That's when an appeals court threw out some of the charges and suspended his sentence.
Bangkok, Jan 14 (EFE/EPA).- Bangkok's major fresh market was closed down and disinfected Thursday after a number of vendors were found to have been infected with the COIVD-19 disease. Thailand has so far recorded 11,262 cases and 69 deaths of the novel coronavirus. (Camera: DIEGO AZUBEL).SHOT LIST: HEALTH AUTHORITIES DISINFECT KLONG TOEY WET MARKET IN BANGKOK, THAILAND.
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