Thursday, 13 August 2020

Daily Investor Update: Exclusive: ByteDance censored anti-China content in Indonesia until mid-2020 - sources

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Exclusive: ByteDance censored anti-China content in Indonesia until mid-2020 - sources

Chinese tech giant ByteDance censored content it perceived as critical of the Chinese government on its news aggregator app in Indonesia from 2018 to mid-2020, six people with direct knowledge of the matter told Reuters.

Two Republican senators ask U.S. FTC to investigate TikTok's data collection practices

Two U.S. Republican senators on Thursday asked the Federal Trade Commission for an investigation of video-sharing app TikTok's consumer data collection and processing practices.

Judge rejects Uber, Lyft bids to delay California driver injunction

A California judge on Thursday refused to give Uber Technologies Inc and Lyft Inc more time to appeal his decision forcing them to classify drivers in that state as employees, which they have said would necessitate restructuring their businesses.

Toyota, Mazda joint venture Alabama plant will now cost $2.3 billion

Toyota Motor Corp and Mazda Motor Corp said on Thursday they will now invest $2.3 billion in a new joint venture Alabama factory, $830 million more than announced in their original plan in 2018.

S&P 500 dips but index not far from record levels

The S&P 500 eased in afternoon trading on Thursday after briefly trading above its record closing high level for a second day, with the Dow also falling in the wake of a disappointing forecast from Cisco Systems Inc .

Oil slips after IEA lowers 2020 demand forecast

Oil prices eased on Thursday after the International Energy Agency lowered its 2020 oil demand forecast due to unprecedented travel restrictions to fight the coronavirus, but resilience in equities markets and a weak dollar limited losses.

U.S. hits fiscal cliff with jobs, economic recovery in the balance

The U.S. push to fire up its economy in the middle of a pandemic remained stalled last week with signs the lapse of emergency unemployment benefits and business grants may have begun taking a toll.

California startup aims to tackle battery degradation in electric cars

Lithium-ion batteries are essential to electric vehicles, but they have drawbacks: They are hard to make and degrade over time.

Daimler agrees to U.S. diesel settlements worth nearly $3 billion

Daimler said on Thursday it has reached agreements costing nearly $3 billion to settle civil investigations by U.S. regulators and lawsuits from vehicle owners stemming from a long-running probe into software to cheat diesel emissions tests.

Thomson Reuters buys cloud-based court document management platform CaseLines

Thomson Reuters Corp has acquired CaseLines, a cloud-based court document and evidence management platform, the news and information provider said on Thursday, without disclosing financial terms.

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