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China asserting authority on foreign companies, calling on tech giants to share data

A growing sense among leaders is that data accumulated by the private sector should in essence be considered a national asset, which can be tapped or restricted according to the state’s needs, said people involved in policy-making. Those needs include managing financial risks, tracking virus outbreaks, supporting state economic priorities or conducting surveillance of criminals and political opponents.

G7 may reallocate $100 bln from IMF funds to COVID-ravaged nations

“The United States and our G7 partners are actively considering a global effort to multiply the impact of the proposed Special Drawing Rights (SDR) allocation to the countries most in need,” the U.S. president’s office said.

“At potentially up to $100 billion in size, the proposed effort would further support health needs – including vaccinations,” it said, adding that it would help promote a more sustained and inclusive global recovery.

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