Today on The Leaders' Brief -

• China recently launched an antitrust investigation into the Jack Ma owned Alibaba Group for monopolistic practices.T he Chinese State Administration for Market Regulation’s announcement comes three months after Beijing introduced new regulatory rules for Financial Holding Companies that brought Alibaba’s Ant Group affiliate under the Chinese regulatory authority’s scanner.
• Moldova’s Ion Chicu resigned as Prime Minister to ensure “normalcy” to the country. The pro-Russian Prime Minister’s resignation comes a day before pro-EU candidate Maia Sandu, who defeated Igor Dodon, was to take office as Moldovian President.
• India has reportedly challenged a verdict by The Permanent Court of Arbitration at the Hague over a $2 billion tax claim involving Vodafone. The international court had held that that the retrospective legislation was in breach of the guarantee of fair and equitable treatment guaranteed under the Bilateral Investment Treaty. The tribunal had also asked the government to cease such breaches of the international treaty.

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