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Facebook’s privacy problems get real

Germany is about to remind Facebook Inc. that the tribulations of 2018 are far from over. In fact, they’re about to get even more real. The country’s Federal Cartel Office intends to ban Facebook from collecting user data from third parties, the newspaper Bild am Sonntag reported. This will also prohibit data sharing between WhatsApp and Instagram, which Facebook owns. ...

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The Australian dream died alone in an apartment

For people in the US, the American Dream is a vision of broadly shared prosperity, freedom and opportunity. Xi Jinping’s Chinese Dream focuses on rising incomes and national renewal. Australians once had a simpler aspiration: owning a detached suburban home on a quarter-acre of land. That vision died a while ago. Back in the 1980s, single-family detached homes comprised about ...

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China’s small banks face tough 2019 after orders to shrink

Bloomberg China’s smaller banks, among the hardest hit by President Xi Jinping’s crackdown on risky financing, are set for a tougher 2019 as authorities force them to shut business lines that once powered profit growth. Authorities have ordered the nation’s provincial lenders to limit business to the region they’re based in, or wind down by the end of this year, ...

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