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Business and Market Discussion / View from Taiwan

2021-05-11

Business and Market Discussion / View from Taiwan

2021-05-11
 The Cyberspace Administration of China said yesterday that 84 mobile security and online lending apps, including those run by Alibaba, Tencent and Baidu, had breached personal privacy regulations through excessive collection of user data. They were given 15 days to rectify the violations or face penalties.

The United States has declared a state of emergency after a cyberattack shut the US’s biggest refined fuel products pipeline. Colonial Pipeline transports 2.5m barrels of fuel a day from refineries on the Gulf Coast to markets including Washington, New York and Atlanta, through the 5,500-mile system. Colonial said Monday afternoon that parts of its system are being brought back online, and it hopes to restore service by the end of the week.

New Covid-19 infections in the US have fallen to the lowest level in 11 months. States reported 24,080 new infections on Sunday, the fewest since last June. The average number of infections per day is now down 85% from the peak in January. The White House tweeted, “we are on the verge of having Covid on the run in the US thanks to Americans getting vaccinated.”

On today’s Money Talk, we’re joined by Nitin Dialdas from Mandarin Capital and Will Denyer at Gavekal. With a view from Taiwan is Ross Feingold of SafePro Group.

Money Talk

A fast moving and topical business and finance show bringing you breaking business and economic news and financial market updates. Presented by former CEO and investment bank global trading head Peter Lewis, with over 30 years' industry experience. Join Peter and his expert guests for analysis and discussion on the day's top business stories live every weekday morning 8 to 8:30 a.m. on RTHK Radio 3. We have a podcast to download after the show and you can also listen through the RTHK Radio 3 website live or later in the day. We welcome your questions, comments and feedback to read out in the show. You can email us at moneytalk@rthk.hk, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
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