China slaps Alibaba with $2.8 billion fine in anti-monopoly probe

Chinese regulators hit Alibaba with a 18.23 billion yuan ($2.8 billion) fine in its anti-monopoly investigation of the tech giant, saying it abused its market dominance.

Regulators opened a probe into the company’s monopolistic practices in December. The investigation’s main focus was a practice that forces merchants to choose one of two platforms, rather than being able to work with both.

In a Saturday statement, China’s State Administration for Market Regulation (SAMR) said this policy stifles competition in China’s online retail market and “infringes on the businesses of merchants on the platforms and the legitimate rights and interests of consumers,” according to a CNBC translation of a Chinese-language statement.

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Amazon Top Selling Products

Turkey’s economic woes should be a warning for other countries

Istanbul’s stock exchange does not open until shortly before 10am, a more civilised hour than most bourses. Investors therefore had time to brace themselves on March 22nd before discovering the full cost of President Recep Tayyip Erdogan’s reckless decision to fire Turkey’s admired central-bank governor, Naci Agbal, over the preceding weekend.

As the global economy revives and commodity prices recover, inflation could squeeze emerging markets. Fortunately, the holders of emerging-market assets can take some comfort https://t.co/O5WwS4ywBz

— The Economist (@TheEconomist) March 26, 2021

Grieving family of young girl shot dead by Myanmar's military forced into hiding

The family of a young girl killed in her home by Myanmar's security forces say they have gone into hiding and dare not return for fear of being targeted by the military.

The family of a young girl killed in her home by Myanmar's security forces say they have gone into hiding and dare not return for fear of being targeted by the military. https://t.co/XCG4SEXjbf

— CNN (@CNN) March 26, 2021

President Erdogan may reshuffle Turkey’s government soon

As the country confronts a series of critical economic and foreign-policy challenges

President Erdogan may reshuffle Turkey’s government soon as the country confronts a series of critical economic and foreign-policy challenges https://t.co/nOQgvuQL74

— Bloomberg (@business) March 23, 2021