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Benzinga

Politics

Anusuya Lahiri

Alibaba Hands Out Bulk Of 2021's Antitrust Penalty; China Signals Ease In Crackdown As It Continues To Monitor Tech Sector

BABA Alibaba China Meituan NYSE e-commerce

E-commerce giant Alibaba Group Holding Ltd (NYSE:BABA) and on-demand service platform operator Meituan (OTC:MPNGY) jointly handed out 92% of China's antitrust fines, the SCMP reports.

China raked in 23.6 billion yuan ($3.53 billion) in antitrust fines in 2021, up 52 times versus 2020. Alibaba's record 18.2 billion yuan penalty and Meituan's 3.4 billion yuan fine over their monopolistic practices formed the bulk of the penalties for 2021 following China's antitrust investigations to contain the "irrational expansion of capital" in the tech sector.

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The Economic Times

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‘People are pissed’: union decries TSA’s removal of chairs for checkpoint staff

‘People are pissed’: union decries TSA’s removal of chairs for checkpoint staff

Order for workers to remain standing to ‘reinforce professionalism’ draws rebuke amid plunging morale

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Top stories on inkl right now

Six men on how they plan to stand up against rape culture: ‘Boys need to be taught what is appropriate’

Six men on how they plan to stand up against rape culture: ‘Boys need to be taught what is appropriate’

While most of the crowd at a Stop Sexual Violence rally in New York City was mostly women, men of all ages were in attendance too

The Guardian - US

Isaias slams Gulf Coast as hurricane with powerful winds and dangerous flooding

Isaias slams Gulf Coast as hurricane with powerful winds and dangerous flooding

GULF BREEZE, Fla. (AP) — Isaias crashed into the U.S. Gulf Coast on Friday as a dangerous Category 2 hurricane, hammering communities in Alabama and the Florida Panhandle with damaging winds, heavy rain, flooding and life-threatening storm surges.

The Independent UK

FDA may allow some toxic chemicals to be added to food without safety review. Experts are alarmed

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The Guardian - US

Georgia power outage: Nearly 100,000 customers lose power as Hurricane Isaias sweeps across the state, bringing damaging winds and tornado threats

Georgia power outage: Nearly 100,000 customers lose power as Hurricane Isaias sweeps across the state, bringing damaging winds and tornado threats

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The Economic Times

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

‘People are pissed’: union decries TSA’s removal of chairs for checkpoint staff

‘People are pissed’: union decries TSA’s removal of chairs for checkpoint staff

Order for workers to remain standing to ‘reinforce professionalism’ draws rebuke amid plunging morale

The Guardian - US

Hurricane Simon live tracker map: Storm’s path as it makes landfall

Hurricane Simon live tracker map: Storm’s path as it makes landfall

Hurricane Simon is expected to make landfall in Mexico late on Saturday

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Stark warning – does new footage in Avengers: Endgame reveal the truth about Doctor Doom?

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