YouTube and Pakistani authorities agreed on some unknown terms that give partial power for the government to request the removal of offensive materials. However, the requests will be thoroughly reviewed and being accounted for. Other terms remain unknown.
Legal & Regulatory
US Immigration: New Visa Requirements for European with Dual Nationalities of Iran, Iraq, Sudan, or Syria
The new regulation is being established initiated by the San Bernardino shooting in California that killed 14 people and left 22 wounded. It has drawn many concern and dismay among European citizens, especially those with the dual nationalities as mentioned. Europe could also reciprocate, restricting American with the same duality to enter Europe.
Online Gambling: Russia is Leaning Towards Legalizing Online Poker
The move to legalize online poker started six months ago and a few changes have been seen since then. The legalization is expected to stop illegal online gambling that has been going on in the country since the activity was banned, and in turn, could also increase tax revenues for Russia. The rest of terms and time measures on this remain unknown.
Survey: U.S Companies Reported Tough Times Doing Business in China, With Growing Concerns Over Regulations and Economy Growth, Among Other Factors
The survey revealed that one of the top concerns defining most U.S companies' tough times doing business in China is uncertain regulations that they perceived as unwelcoming to foreign companies. The slowing of China's economic growth also remains a concern, along with rising labor costs, censorship, and air pollution. However, China is still most foreign countries' investment priority among other markets.
Google’s Financial Documents Marked ‘Attorney’s Eyes Only’ Leaked By Oracle Attorney
Oracle has been accusing Google for violating copyright law through using Java operating system in Android for long five years. The search engine provider has failed in its earlier bid to derail the case in the US Supreme Court and lawsuit proceeding has resumed in a North Carolina District Court. The database maker’s attorney has placed to Google’s financials to claim a margin from Google’s earnings since its introduction of Androids.
Latest News
Palmer Luckey, founder of Oculus Rift company have to stand in court in a lawsuit against him. The plaintiff is Total Recall Technologies that accused the 23-year old to use its data illegally.
Martin Shkreli is looking for new lawyers to help him fight securities fraud charges. The request has been filed by his current lawyers to the Judge Kiyo Matsumoto. The lawyers also asked to delay a status conference set for Wednesday.
The Chinese Police has confirmed that Lee Bo, the missing Hong Kong publisher has been held by Guangdong Provincial Public security department. Lee and four others, connected with a publishing house and bookstore, has remained disappeared for couple of days. The publishing house’s books are banned in mainland China allegedly for criticizing the communist party leaders.
Indian Prime Minister Narendra Modi reveals the details of his much talked-about project, Startup India. Some key highlights are revised IP registration policies, faster exit and entry, income tax exemptions, and benefits for a woman entrepreneur. Modi hopes with this plan in action, India will soon become the hub for global startups.
Indian Prime Minister Narendra Modi recently revealed his ambitious project, Startup India. The Rs10,000-crore plan is meant to encourage a thriving startup culture by reducing government regulations and hurdles from the way. This government aid should prevent the young entrepreneurs from fleeing to another country with better bureaucratic policies.
The child labor reported is taking place in the Democratic Republic of the Congo in cobalt mines. The estimation says that about 40,000 children are working for the mines. Companies listed in the report gave various responses following the accusations.
Apple has won a court verdict regarding trade banning on certain older Samsung handsets. The verdict has been appeared as a long cherished Apple appeal. But since the matter relates to smart phones, so industry insiders prefer for negotiation instead of imposing court injunctions. This is because of the fact smart phones require others’ features to include on payment basis for continuous development of products to sustain in the competitive market.
The authorities expect more easing measures to help reducing home inventory excess. Developers are also encouraged to change marketing rules and reduce home prices as China's property investment growth hit the lowest rate since 2009.
Hong Kong has been one of the main traders of elephant ivory. The government is about to change that, a move praised by activists and environmentalists.
