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Breaking up Facebook won’t solve problem

A long overdue antitrust push is gaining steam. But it’s focusing on large technology companies like Facebook Inc and Google-parent Alphabet Inc, which present complex problems that classic antitrust approaches won’t always solve. The cases are based on very standard stuff. The US Justice Department is accusing Google of illegally preserving its dominant market share in search and search advertising ...

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US’s relief package is vital but insufficient!

This week offered another illustration of a dual policy dynamic in the US that has been undermining both short- and longer-term economic prospects for the past few months: too limited a response for necessary fiscal measures and pro-growth structural reforms and too much reliance on monetary policy tools that are close to, if not already past, the point of limited ...

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US blacklists 60 Chinese companies, including SMIC

Bloomberg The US Commerce Department announced it’s blacklisting Semiconductor Manufacturing International Corp (SMIC), drone maker SZ DJI Technology Co and more than 60 other Chinese companies “to protect US national security.” “This action stems from China’s military-civil fusion doctrine and evidence of activities between SMIC and entities of concern in the Chinese military industrial complex,” the Commerce Department said. Commerce ...

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