British lawmakers issued a scathing report Monday that calls for tougher rules on Facebook to keep it from acting like “digital gangsters” and intentionally violating data privacy and competition laws. The report on fake news and disinformation on social media sites followed an 18-month investigation by Parliament’s influential media committee. The committee recommended that social media sites should have to follow a mandatory code of ethics overseen by an independent regulator to better control harmful or illegal content.   The report called out Facebook in particular, saying that the site’s …

Chinese police have investigated 380 online lenders and frozen $1.5 billion in assets following an avalanche of scandals in the huge but lightly regulated industry, the government announced Monday. Beijing allowed a private finance industry to flourish in order to supply credit to entrepreneurs and households that aren’t served by the state-run banking system. But that threatens to become a liability for the ruling Communist Party after bankruptcies and fraud cases prompted protests and complaints of official indifference to small investors.   The police ministry said it launched the investigation …

Drums, dragons and dancers paraded through New York’s Chinatown on Sunday to usher in the Year of the Pig in the metropolis with the biggest population of Chinese descent of any city outside Asia. Confetti and spectators a half-dozen or more deep at points lined the route of the Lunar New Year Parade in lower Manhattan. “The pig year is one of my favorite years, because it means lucky — everybody likes lucky — and, for me, a relationship or family” and a better life, Eva Zou said as she …