India bans dozens of Chinese apps, citing security reasons

india bans dozens of chinese apps citing security reasons 2020 06 29 1 primaryphoto Stockmarket Insights, Stockmarket Quotes, Financial News, Trading Ideas, Research


This Feb. 25, 2020, photo shows the icon for TikTok taken in New York. India is banning 59 apps with Chinese links, saying their activities endanger the country’s sovereignty, defense and security. India’s decision comes as its troops are in a tense standoff with Chinese soldiers in eastern Ladakh in the Himalayas that started last month. India lost 20 soldiers in a June 15 clash. The government says the banned apps include TikTok, UC Browser, WeChat and Bigo Live, as well as the e-commerce platforms Club Factory and Shein, that are used in mobile and non-mobile devices connected to the Internet.(AP Photo, File)

NEW DELHI (AP) — India on Monday banned 59 apps with Chinese links, saying their activities endanger the country’s sovereignty, defense and security.

India’s decision comes as its troops are involved in a tense standoff with Chinese soldiers in eastern Ladakh in the Himalayas that started last month. India lost 20 soldiers in a June 15 clash.

The banned apps include TikTok, UC Browser WeChat and Bigo Live, as well as e-commerce platforms Club Factory and Shein, that are used in mobile and non-mobile devices connected to the internet, according to a government statement.

It said there have been mounting concerns about data security and safeguarding the privacy of 1.3 billion Indians. The government said such concerns also pose a threat to sovereignty and security of the country.

“The Ministry of Information Technology has received many complaints from various sources including several reports about misuse of some mobile apps available on Android and iOS platforms for stealing and surreptitiously transmitting users’ data in an unauthorized manner to servers which have locations outside India,’’ the statement said.

The compilation of these data, its mining and profiling by elements hostile to national security and the defense of India was “a matter of very deep and immediate concern which requires emergency measures,” the statement said.

6 Stocks That Will Benefit From a Dovish Federal Reserve

The quaint correction that was labeled the “tech wreck” of 2018 seems like a distant memory to investors. What also seems like a distant memory is any thought of the Federal Reserve raising interest rates.

At the end of 2018, the Federal Reserve had raised its benchmark federal funds rate. With the trade dispute with China dragging on, there was increasing pressure on the Fed to lower interest rates. When interest rates are lower, stocks will generally rise as investors have no other option for growth.

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View the “6 Stocks That Will Benefit From a Dovish Federal Reserve”.