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Alibaba Says Profit Falls 81% As China Cracks Down On Big Tech

Chinese e-commerce leader Alibaba Group said on Thursday that its profit for the most recent quarter tumbled 81 percent as it grappled with a government crackdown on the country’s big tech champions. Alibaba said profit came in at 5.37 billion yuan ($833 million) for the July-September period, falling from 28.77 billion yuan earned over the […]

US Warns Cuba As It Cracks Down On Eve Of Protest

Cuban security forces encircled the home of a leading dissident Sunday ahead of planned anti-government rallies, as Washington slammed Havana’s “intimidation tactics” and called for a ban on the demonstrations to be lifted. “We call on the Cuban government to respect Cubans’ rights, by allowing them to peacefully assemble and use their voices without fear […]

Exclusive: Fearing foreclosure crisis, U.S. watchdog cracks down on mortgage servicers

FILE PHOTO: A “Price Reduced” sign is displayed on a home for sale in northern Virginia suburb of Vienna, outside Washington, October 27, 2010. REUTERS/Larry Downing/File Photo April 19, 2021 By Koh Gui Qing, Katanga Johnson and Chris Prentice NEW YORK/WASHINGTON (Reuters) – The U.S. consumer watchdog is scrutinizing mortgage servicers’ compliance with pandemic relief […]

Brazil cracks down on coffee firms for alleged tax fraud

FILE PHOTO: A harvesting machine is seen at a coffee plantation in Sao Sebastiao do Paraiso, Brazil April 22, 2019. REUTERS/Amanda Perobelli March 16, 2021 By Ana Mano SAO PAULO (Reuters) – Brazilian authorities launched raids and issued multiple arrest warrants as part of a probe to crack down on coffee industry companies accused of […]