On Tuesday, Chinese Foreign Minister Wang Yi presented the government’s initiative to implement global data security standards, “golden rules” which should be applied by Chinese and other companies around the world.
Among a number of points, the key ones are: preventing the illegal receipt of confidential personal information, ensuring the storage user`s data on the territory of their country, a ban on the use of technology to damage critical infrastructure in other countries or data theft, espionage.
Many experts have long pointed to the key cause of disagreements, conflicts and the real reason for the “trade war” between the United States and China is Washington’s accusations of Beijing on these counts. At the same time, Beijing has consistently denied such allegations.
Announcing the initiative, Wang Yi reiterated that the Chinese government does not engage in illegal practices regarding the use of data obtained abroad: “We have not asked and will not ask Chinese companies to transfer data abroad to the government in violation of the laws of other countries.”
Both countries are seeking leadership in technology industries, at the same time, the latest US steps are aimed at blocking the work of some Chinese technology companies in the United States, explaining this by protecting national security. The Chinese government, in its part, has long blocked services such as Google and Facebook in its country.
Some countries, like Australia, for example, have expressed concerns about some parts of Chinese law, which, apparently, to oblige companies to transfer data obtained from other countries to Beijing if required by the government.
Following the US allegations of Chinese espionage by Huawei, Australia and the United Kingdom have banned it from participating in next-generation 5G networks in their territories.
India recently banned 118 Chinese applications due to rising the tensions related to the dispute over the Himalayan border in the Ladakh region.
Last month, the United States unveiled its Clean Network program, which aims to “protect national assets, including the confidentiality of citizens’ data and the most confidential information of companies, from aggressive intrusions by criminals such as the Communist Party of China.”
The US State Department reports that more than 30 countries have joined the program, but did not name them.
Wang Yi in his speech sharply criticized the US initiative: “Striving for unilateral action, one country continues to make unfounded accusations against others in the name of a ‘clean’ network and uses security as an excuse to ban other countries that have a competitive advantage. It is necessary to resist such blatant acts of intimidation and reject them. ”
In August, President Donald Trump signed a decree banning transactions in the United States by TikTok ByteDance and WeChat Tencent.
It is unclear whether any country has joined China’s initiative and how it will be implemented and monitored. But the second largest economy in the world seeks to increase its role in setting standards for the use of data worldwide.
IT giant Google and Singapore’s state-owned investment company Temasek have invested in Indonesia’s largest online store Tokopedia, writes Nikkei Asian Review. The amount of investments is not disclosed. In October, Bloomberg reported that Tokopedia was going to raise about $ 350 million from Google and Temasek. This is Google’s second investment in the Indonesian unicorn. […]
The French company has developed an augmented reality application for digital makeup. The Signature Faces application allows you to apply filters to your face in real time. “We believe that everyone is beautiful by themselves, but in a world where the camera is always on, it’s normal to want to “play” with filters. We want […]
Shares of Amazon, which rose by 73.8% since the beginning of the year (more than the growth of Apple, Microsoft, Google and Facebook), fell 2% after closing trading on Thursday, when the company released a report for the 3rd quarter, which ended September 30. Amazon set a new revenue record, e-commerce increased sales by 57% […]
Shares of Alphabet, which rose 18.2% over the past 6 months, rose 9% after closing trading on Thursday when the global advertising giant announced significant improvements in the reporting quarter. Google’s parent financial report far exceeded analysts’ expectations and showed a resumption of advertising revenue growth after reporting a drop in revenue for the first […]
According to trading data, securities of the microblogging service Twitter Inc. after the close of the main trading session in the US fell in price by more than 17%, also according to financial statements, in the red were the shares of US technology giants Amazon, Apple and Facebook, only Alphabet reporting pleased investors. Thus, shares […]
Apple has intensified work on its own search service, which will become a competitor to Google, writes the Financial Times, citing interlocutors in the mobile industry. One of the signs of this, the interlocutors called the fact that after updating the iOS operating system, Apple began to show its own search results and provide direct […]
In the last week of October, investors expect a lot of news, as more than one-third of the components of the S&P 500 index, or 186 companies, must report financial results for the third quarter. The information field is even richer given the election race in the United States, the situation with the pandemic and […]
The United States plans to announce the readiness of the American vaccine against the coronavirus infection COVID-19 in the near future. The promise was made on Thursday by US President Donald Trump during the final round of election debates with the Democratic candidate Joe Biden at Belmont University in Nashville, Tennessee. This was reported by […]
The US stock market came out in the plus on Monday, сontinuing to rise in the previous two sessions, while the S & P 500 and Nasdaq updated a high record due to the investor`s optimism about the prospects of treatment of coronavirus infection COVID-19. The news that the US Food and Drug Administration (FDA) […]Next
LET’S GO GREEN 2016 has set two opposing energy records. According to the International Energy Agency (IEA), oil production has fallen to a minimum level over the past 70 years. Mining companies continue to reduce costs associated with low oil prices. Mining has dropped to 2,4 billion barrels in 2016, compared with the average indicator […]Next
The National Committee of state regulation of the financial services allowed the Cypriot company Bailican Ltd. establish control over the Insurance Company “TAS” and Insurance Group “TAS”. The National Committee of state regulation of the financial services, July 12, according to the order number 1667, allowed to a Cypriot company Bailican Ltd. indirectly acquire 99.9559% […]Next
At the annual press conference as part of “Architecture Day 2020”, Intel has announced improvements in the production of new graphics processors for laptops, PCs and server processors. Positive news was received in not the best time for the company Intel, since July 23, after the close of Thursday, shares fell by more than 20%, […]Next
The British government hopes that in the coming weeks the relevant authorities of the country will register two vaccines against coronavirus. Boris Johnson, the Prime Minister announced it in an interview with Sky News on Monday, November 30. “So far, no vaccine has been approved for use by the Medicines and Medical Devices Agency. However, […]Next
Shares of Lyft, which fell 16.2% since the beginning of the year but jumped 37.4% over the past week, rose 5.8% amid investor reaction to the company’s quarterly report. Lyft reported a loss for the third quarter (ended September 30) at $ 1.46, which is worse than analysts’ forecasts at – $ 0.91 loss per […]Next
Court of the United States in late Sunday night temporarily blocked ban by the administration of President Donald Trump on downloading the TikTok program. This was reported by Reuters on Monday, September 28. Considered, that that the ban was to take effect on Sunday at 23:59 local time (Monday at 6:59 Kyiv time). However, the […]Next
American gadget manufacturer Apple Inc. in July-September reduced net income to $ 12.67 billion, or $ 0.73 per share, compared to $ 13.68 billion, or $ 0.76 per share, for the same period in 2019. Stock analysts forecast a rate of $ 0.71 per share. Apple’s quarterly revenue grew 1% year on year to $ […]Next
The London Court of International Arbitration upends the long-term dispute between the Arricano Real Estate and Stockman Interhold in respect of ownership of the Sky Mall shopping center. For a long time the conflict over the asset has been one of the most high-profile cases and negative in the sphere of development of Ukraine. May […]Next
Dear colleagues, interviewers, reporters and our readers! In the name of the entire editorial project team of LDaily we wish you a Happy New Year! The outgoing year was very special for me personally and for all of my surroundings. Thanks to the “rebirth” of LDaily we got the attention of the best readers – […]Next
The defining reason for the depreciation of the hryvnia against the dollar and the euro in the third quarter was the deterioration of business expectations. Deteriorating expectations created increased demand for the currency, which turned out to be higher than supply. This contributed to the devaluation pressure in the foreign exchange market in the III […]Next
Indian Pharmaceutical Manufacturers Association unites the representatives of Indian pharmaceutical companies in Ukraine. The executive vice president of the Dr. Reddy’s M. V. Ramana pointed out that Ukraine is one of the key markets in which the activity of the company is focused. International pharmaceutical company Dr. Reddy’s (India) remains optimistic about the Ukrainian pharmaceutical […]Next
KSG Agro has received permission to export pork to Georgia. The first shipment is scheduled for June. “Pig-breeding business of KSG Agro has successfully passed the test of the National Food Agency of the Ministry of Agriculture of Georgia and received permission for the supply of pork to the country”, – said in a statement […]Next
Visa signs partnership agreement with FTSE250 TBC Bank’s Space, the first Georgian neobank, to develop innovative banking solutions in Georgia and beyond in the growing digital payments landscape. TBILISI, 14 November 2019 – Visa, the world’s leader in digital payments, and Space, the first fully digital bank in Georgia, today announced they have signed a […]Next
Respectively to technical documents published on the website of the US Patent and Trademark Office, Apple engineers suggest using electromechanical materials for protecting electronic devices. The “smart” case will read electric and magnetic fields and change the properties at operation of certain triggers. The case itself will consist of the main body, processor, magnetic circuit […]Next
By the information of Interfax-Ukraine, the state Oschadbank and the European Bank for Reconstruction and Development have signed the memorandum of the association about corporate management state bank support on the 25th of November 2016. The parties also have concluded the memorandum about supporting of 50 million euros due to a trade financing program. As […]Next