(Bloomberg) -- China’s internet giants from Tencent Holdings Ltd. to ByteDance Ltd. have shared details of their prized algorithms with Beijing for the first time, an unprecedented move aimed at curbing data abuse that may end up compromising closely guarded corporate secrets.Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet Near War’s OnsetHow the US Toppled the World’s Most Powerful Gold TraderUkraine Latest: First UN Wheat Cargo Sets Sail for EthiopiaWill Housing Prices F
America's tech giants are taking a modern-day crash course in India's ancient caste system, with Apple emerging as an early leader in policies to rid Silicon Valley of a rigid hierarchy that's segregated Indians for generations. Apple, the world's biggest listed company, updated its general employee conduct policy about two years ago to explicitly prohibit discrimination on the basis of caste, which it added alongside existing categories such as race, religion, gender, age and ancestry. The inclusion of the new category, which hasn't been previously reported, goes beyond U.S. discrimination laws, which do not explicitly ban casteism.
Advertising, in particular, is bracing for a challenging environment, and companies have begun aggressively curbing their ad spending. Companies understandably try to spend less money when times are tough, and advertising can be a way to tighten the belt. For example, executives at Procter & Gamble recently spoke about how the company pulled back its ad spending but has also shifted dollars around, moving money out of broad television and into more digital formats, where it's easier to track return on investment.