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Tencent loses $34 billion in two days after India bans PUBG Mobile
The Chinese technology giant Tencent has lost nearly $34 billion of its market after the Indian government banned the company’s popular game PlayerUnknown’s Battlegrounds (PUBG) Mobile.
The Business Insider India reported that this is the second biggest dip in Tencent’s valuation since Bloomberg reported that the company lost $66 billion last month when US President Donald Trump banned WeChat.
“Tencent takes the protection of user privacy and data seriously. Our apps have always remained in compliance with applicable data protection laws in India and all other markets where we operate. We look forward to engaging Indian authorities to clarify our long-established policy and action in protecting user data, and hope to ensure the continued availability of our apps in India ” the company said in an emailed statement to Business Insider India.
India has banned 118 Chinese apps in India. In addition to PUBG Mobile, Arena of Valor, Chess Run, and Ludo World have also been blocked in the country.
According to the reports, PUBG had over 50 million active users in India.
The latest move comes after the ministry of electronics and information technology of India banned 59 chines apps including TikTok in late June following the rise of border tensions between the two countries.
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Iran executes four Afghan prisoners
Iran executed four Afghan prisoners in Vakliabad Prison in Mashhad on Thursday morning, a human rights group reported.
Haalvsh said that the individuals had been arrested in 1398 over drug-related charges and then sentenced to death by the court.
This organization announced the names of the executed prisoners as Zaman Taheri, Salam Taheri, Gholam Qadir Samani and Ebrahim Noorzahi.
Zaman Taheri and Salam Taheri were brothers.
Iranian officials have not commented about the matter so far.
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Roof collapse kills two in Helmand
Two people were killed after roof of their house collapsed in southern Helmand province on Friday night, officials said.
Abdul Bari Rashid, head of information and culture in Helmand, told Ariana News that the incident occurred in Tajkan village of Gershak district due to heavy rain.
According to him, the dead include a woman and a child. A man was injured in the incident.
This comes as 10 people have died and six others have been injured as a result of the floods in Helmand province in the last one week.
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IEA urges World Bank to resume work on 7,000 incomplete projects
Officials at the Ministry of Rural Rehabilitation and Development (MRRD) say 7,000 incomplete projects of the World Bank are at risk of destruction in Afghanistan. They call on the World Bank to resume the work of these projects.
According to them, discussions have been held with the World Bank about these projects, but there has been no result yet.
“7,000 incomplete projects are being destroyed, and if the work is not started, these projects will be destroyed. We ask the World Bank to resume the work of these projects as soon as possible,” said Noorul Hadi Adel, the spokesperson of MRRD.
Meanwhile, members of the private sector also ask international institutions to resume their work in Afghanistan.
According to the officials of this sector, with the start of these projects, job opportunities will be provided for thousands of people in the country.
“These projects create employment for our people and the country will grow a lot,” said Mirwais Hajizadeh, a member of the private sector.
However, economic experts stated if the work of these projects does not start soon, they will be destroyed and the investments made in them will be wasted.
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