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Rod Sims, the chairman of the Australian Competition and Consumer Commission (ACCC), said in a speech on Tuesday that the watchdog is close to launching five cases against Google and Facebook for breaches of Australia's competition, consumer and privacy laws.

Robust third-quarter sales growth in China and some key markets is making US retail giant Walmart Inc upbeat about full-year earnings prospects.

Robert Carnell, chief economist and head of research for Asia Pacific at ING Group, said that China's moves in the past weeks have made it clear that it has no interest in a trade war.

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Rhodium attributed much of the decline to Beijing's regulatory crackdown on outbound capital flows, but cited growing regulatory hurdles in the US - mostly more complications getting clearance from CFIUS - as a "second punch to Chinese investors".

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Risk regulators should put fintech under regulation, Yang elaborated. "They cannot ignore it, or only see parts of it. They should also conduct research into characteristics of fintech, learn about its rules and then make new regulating solutions based on its features and development rules."

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Route 80 is closed in both directions in the area, police said.

Revenue from advertising and marketing was 5.42 billion yuan in 2019, representing an increase of 92.4 percent from 2.81 billion yuan in the prior year, primarily due to increases in the company's user base.

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Royole Corp unveils a large-screen foldable device, FlexPai on Oct 31. [Photo/IC]

Retail sales increased by 10.2 percent in 2017 year-on-year, down from 10.4 percent in 2016, the NBS said.