US Weighs New Sanctions Against Brazil Supreme Court Justice Alexandre de Moraes 
SEC Moves to Dismiss Insider Trading Case Against Trump-Pardoned Terren Peizer 
TikTok, DOJ Reach $400 Million Children’s Privacy Settlement 
ING Says Yen Is 20% Undervalued Against Dollar 
Merz Pushes Faster Reforms to Revive German Economy 
Peru Court Frees Former President Ollanta Humala After Conviction Overturned 
Sun Pharma Wins U.S. Appeal in Pfizer Lipitor Antitrust Case 
US Supreme Court Lets $655.5 Million Judgment Against Palestinian Authorities Stand During Appeal 
Bashar al-Assad Sentenced to Death by Syrian Court 
Brazil Supreme Court Approves Probe Into Lula’s Son Over Health Ministry Lobbying Claims 
Unitree Shares Plunge 45% After Blockbuster IPO, Raising China Tech Bubble Fears 
ECB Rate Hike Bets Rise as Inflation Risks Persist 
RBA Debated Rate Hike as Inflation Risks Persist 
Indian Sugar Stocks Surge on Tight Supply, Festive Demand 
Canada Announces Dollar-for-Dollar Retaliation Against 50% U.S. Tariffs 
UN Chief Raises Concern Over US Sanctions on ICC Officials 
Add as a preferred source on Google
China's State Administration for Market Regulation ordered tech giant Tencent to relinquish its exclusive music label rights and fined it $77,144 after finding that the firm had violated antitrust laws.
Tencent controls over 80 percent of exclusively held music streaming rights in China after acquiring a majority stake in rival China Music Group in 2016.
Consequently, Tencent gained the ability to urge labels to reach more exclusive copyright agreements or require better trading conditions compared to its competitors, which the SAMR described as an "illegal concentration of business operators."
The biggest players in China's tech sector are now facing increased scrutiny after years of growth due to lax regulation.
Earlier this month, the SAMR blocked a merger between video game live-streaming sites that would have led to Tencent accounting for 80 to 90 percent of the country's domestic market share.
Elsewhere, China's biggest ride-hailing app Didi Chuxing was banned from Chinese stores over data collection concerns, just days after a $4.4 billion New York IPO.
