AFP Asia Business

A Singapore shipping company told AFP on Tuesday it will refuse to pay Sri Lankan court-ordered damages of US$1 billion for causing that country’s worst case of environmental pollution.In an exclusive interview, X-Press Feeders chief executive Shmuel Yoskovitz said he believed paying would have wide-ranging implications on global shipping and “set a dangerous precedent”.The company …

Singapore firm rejects paying $1bn Sri Lankan pollution damages Read More »

The White House on Monday said a US version of TikTok would feature a homegrown model of the app’s prized algorithm, potentially clearing one of the main obstacles to keeping the Chinese-owned platform online in the United States.Often described as TikTok’s “secret sauce,” the fate of the video-sharing app’s algorithm was one of the main …

White House promises US-controlled TikTok algorithm Read More »