Some K-Pop stars’ TikTok China accounts blocked from view By Reuters

© Reuters. FILE PHOTO: Man walks by a logo of Bytedance, which owns short video app TikTok, at its office in Beijing

SHANGHAI/SEOUL (Reuters) – Some K-pop stars’ accounts have been blocked from view on TikTok’s China version Douyin, Reuters’ checks showed on Friday, days after South Korea’s media regulator slapped fines on the short-video app for data privacy noncompliance.

The reasons for the blocks were unknown, but the move also comes after remarks by U.S. Secretary of State Mike Pompeo that the United States is “certainly looking at” banning Chinese social media apps, including TikTok.

South Korea’s communications regulator on Wednesday fined TikTok Pte Ltd, the publisher of the app, 186 million won ($154,320) for collecting personal information of children under 14 years of age without consent from guardians and failing to disclose or notify when sending personal information overseas.

TikTok was required to submit voluntary preventative measures within

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David Rosenberg: Investors shouldn't be so smug when policy-makers are signalling tough times

“However, it was clear to everyone on the Governing Council that this is not a normal recession.” — Bank of Canada Governor Tiff Macklem in his opening statement at the Monetary Policy Report press conference on July 15.

Note that he said “is,” not “was.” He used the present tense, not the past tense. In other words, the recession actually is ongoing, which means that, with all deference to Mrs. Dow and Mr. Jones, this remains a powerful bear market rally.

But this is not some flashy new secular bull market. Be careful out there, especially since I detect on my Twitter account a growing sense of smugness and complacency among those who claim they were brilliant enough to buy at the lows. They never boast, mind you, that they failed to see the mid-February peak and are flat on the year despite everything that U.S. Federal Reserve chair Jerome … Read More

Flights with empty middle seats decrease COVID risk 79%, study says

If you plan to fly during the pandemic, you’re better off choosing an airline with a policy of keeping the middle seat empty. Such a policy lowers the risk of contracting COVID from 1 in 4,400 to 1 in 7,300, according to a new academic study.

That estimate comes from Arnold Barnett, a statistics professor at the MIT Sloan School of Management. His findings—which suggest a “no middle seats” flight reduces risk by 79%—also note that the risk of dying from catching COVID on a flight are less than 1 in half a million.

Barnett’s conclusion on the risk of middle seats comes as U.S. airlines pursue different approaches. For instance, Delta, JetBlue and Southwest have chosen to keep middle seats empty, while United and Spirit are filling them. American is also doing so as it runs many flights that are over-capacity.

The new research should be … Read More