EU Privacy Authorities Assessing The Privacy Shield Likely to Ask For Another Review to be Conducted in 2018

European privacy watchdogs is now assessing the Privacy Shield framework that would regulate the EU-U.S. relations in privacy protection. It’s likely that the EU watchdogs will ask for another review to be conducted in 2018, when a new a new EU data protection law comes into force.

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Ride-Hailing Service Grab Teams Up With Indonesian Conglomerate Lippo Group

Ride-hailing app Grab is partnering with Indonesian conglomerate Lippo Group. Under the deal, Grab will provide its service to deliver products from the conglomerate’s e-commerce. The deal emerged when ride-hailing services in Indonesia are facing challenges in terms of regulations.

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Nestle India's Maggi Failed Sample Tests in Uttar Pradesh

A sample test conducted by Uttar Pradesh food safety officials found that Nestle’s Maggi noodles contain more percentage of ash than permitted by the regulations. However, the company has denied the accusation, stating that the claim is based on the wrong standard.

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Uber Spends and Losses Big on International Expansion, Challenged by Regulations and Rivalry

An official filing revealed that Uber is facing huge loss in its international operation, as the company spent big on global expansion. The main factors of the loss are regulatory obstacles and local rivalry.

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Facebook’s Free Limited Internet Access Program Still Banned, Following the TRAI Decision

India’s internet regulator, the TRAI, had officially banned Facebook’s Free Basics program. The program has been banned for a few months now, but TRAI has been willing to reevaluate the terms until it came up with the decision that the program would not be allowed in the country. The Free Basics program was banned due to concerns over internet neutrality.

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Russia is moving forward to legalization of 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.

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U.S companies are concerned about regulations, economic growth and 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.

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China's State Council publishes guidelines to strengthen shadow banking regulation-report

Citing a copy it obtained of Document 107, Reuters reported that the State Council of China has published guidelines that aim to fortify regulation against the risky practice of shadow banking.

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New airline certifications to be implemented

ICAO supported certification requirements now in place for new airlines for Indian air carrier applicants.

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Investors in the Saudi Arabian industry have pulled out from the business

Saudi Arabia's taxi business is in chaos with the conflicting regulations, leading to the pull out of investors.

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Reserve Bank of India cracks down on bank regulation violators

The Reserve Bank of India enforces penalties against three banks for money laundering and fraud violations.

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Nomura Holdings to Divest Holdings over Property Firm

Nomura divests property interests for more liquidity.

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