Cosmetics sales in China are soaring, but a group of exporting nations led by France are pushing Beijing to lift restrictions they say are blocking them unfairly.
Category: Regulation and Deregulation of Industry
Huawei Phone Is Latest Shot Fired in the U.S.-China Tech War
The release of a homegrown Chinese smartphone during a visit by the Biden official in charge of regulating such technology shows the U.S.-China tech conflict is alive and well.
China’s Property Crisis Is Rippling Through the Economy
As a real estate meltdown ripples through the economy, small businesses and workers are owed hundreds of billions of dollars, and new projects have dried up.
Hawaiian Electric Was Warned of System Fragility Before Maui Wildfire
The utility knew it needed to upgrade its equipment but did not make changes that could have reduced risks of fires, energy experts said.
Court Ruling Clears Path for Microsoft to Buy Activision
Microsoft could now complete its purchase of the video game giant as soon as this month, but it is still blocked from closing in Britain.
Supreme Court Poised to Reconsider Key Tenets of Online Speech
The cases could significantly affect the power and responsibilities of social media platforms.
Southwest’s Meltdown Could Cost It Up to $825 Million
The airline has not said how soon it will upgrade the systems that contributed to mass flight cancellations, or how much that will cost.
U.S. Moves to Bar Noncompete Agreements in Labor Contracts
A sweeping proposal by the Federal Trade Commission would block companies from limiting their employees’ ability to work for a rival.
Meta Fined $414 Million After Ad Practices Ruled Illegal Under EU Law
The decision is one of the most consequential issued under the E.U.’s landmark data-protection law and creates a new business headwind for the social media giant.
Wells Fargo to Pay $3.7 Billion Over Consumer Banking Violations
The settlement, which includes the largest fine ever imposed by the Consumer Financial Protection Bureau, allows the bank to resolve claims that it had harmed millions of consumers since 2011.