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China sets up $14.6 billion internet investment fund: Xinhua
Sun, 22 Jan 2017 02:20:23 -0500

Customers use computers at an internet cafe in HefeiBy Dominique Patton BEIJING (Reuters) - China has set up a 100 billion yuan ($14.55 billion) fund to support investment in the internet sector, said official news agency Xinhua on Sunday. The fund, backed by China's cabinet, is designed to help turn China into a major player in internet technology, said the report. An initial 30 billion yuan has already been raised from major banks and telecoms firms including ICBC, China Mobile and China Unicom.


Chief of Taiwan's Foxconn says rise of protectionism unavoidable
Sat, 21 Jan 2017 22:17:49 -0500

The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company's headquarters in New Taipei City, TaiwanThe head of Foxconn, the world's largest contract manufacturer of electronic goods and a major Apple Inc supplier, said on Sunday that the rise of protectionism is unavoidable. Terry Gou, chairman of Foxconn, formally known as Hon Hai Precision Industry Co, warned that uncertainties for this year make it tough to have a very clear analysis and outlook, but he said it was clear politics would underpin economic development.


Canada's Competition Bureau reaches deal with Apple, publishers
Fri, 20 Jan 2017 13:54:33 -0500

The Apple Inc. store is seen on the day of the new iPhone 7 smartphone launch in Los AngelesCanada's business competition watchdog said on Friday it had reached an agreement with Apple Inc and three major e-book publishers that will allow retailers to offer discounts to customers. The Competition Bureau's investigation found that an arrangement between the publishers and Apple led to higher prices for Canadians. The watchdog said it had entered into consent agreements with Apple, Lagardere SCA's Hachette, Verlagsgruppe Georg von Holtzbrinck GmbH's Macmillan and CBS Corp's Simon & Schuster that will let other retailers, including Amazon.com and Kobo, give discounts on e-books by those publishers.


Outgoing FCC chair warns against overturning net neutrality
Fri, 20 Jan 2017 11:36:43 -0500

File photo of Wheeler testifying before a Senate Appropriations Subcommittee hearing in WashingtonBy David Shepardson WASHINGTON (Reuters) - Outgoing U.S. Federal Communications Commission Chairman Tom Wheeler warned Republicans against dismantling the Obama administration's landmark "net neutrality" protections that bar internet service providers from slowing consumer access to web content. Wheeler, in an interview this week, repeatedly questioned why Republicans would institute new policies that he said would benefit major internet service providers such as Comcast Corp, AT&T Inc, Verizon Communications Inc and CenturyLink Inc at the expense of thousands of other companies and consumers.


Factbox: Trump on Twitter (Jan 19)-Rev. Graham, Washington D.C., Inauguration
Fri, 20 Jan 2017 07:39:56 -0500

The following bullet points are from the U.S. President-Elect Donald Trump's Twitter account. Reuters has not edited the tweets. * "It wasn't Donald Trump that divided this country, thiscountry has been divided for a long time!" Stated today byReverend Franklin Graham." [0752 EST] * "Getting ready to leave for Washington, D.C. The journeybegins and I will be working and fighting very hard to make it agreat journey for.." [0800 EST] * "the American people. ...

Tech firm creates Trump monitor for stock markets
Fri, 20 Jan 2017 05:21:53 -0500

U.S. President-elect Donald Trump is broadcast on a screen on the floor at the NYSE in Manhattan, New York CityJust in time for his inauguration, London-based fintech firm Trading.co.uk is launching an app that will generate trading alerts for shares based on comments made on social media by Donald Trump. Trump knocked several billion off the value of pharmaceutical stocks a week ago by saying they were "getting away with murder" with their prices. Comments earlier this week on China moved the dollar and a pair of December tweets sent the share prices of Lockheed Martin and Boeing spiraling lower.


Mexico telecom ruling struck down in blow to Televisa -sources
Thu, 19 Jan 2017 19:09:12 -0500

A Mexican tribunal struck down a ruling on Thursday that said broadcaster Grupo Televisa did not have market power in pay television, two people with knowledge of the matter said, opening the door to tougher rules against the company. The move by the tribunal upheld a legal challenge to the 2015 ruling by the Federal Telecommunications Institute (IFT), and it means the telecoms regulator must make its decision again, said the two people, who declined to be named. The IFT justified its decision at the time by saying competitors such as Dish, Megacable and Axtel were adding subscribers and taking market share from Televisa.

IBM revenue fall dims upbeat profit forecast
Thu, 19 Jan 2017 18:46:42 -0500

FILE PHOTO - A woman passes by the IBM offices in New YorkInternational Business Machines Corp reported its 19th straight quarter of declining revenue, but forecast full-year earnings above Wall Street estimates due to growth in newer areas such as cloud-based services and analytics. CFRA Research analyst David Holt said the company's results still raised questions as to when revenue would grow. "The 800-pound gorilla in the room is the overall inflection point towards revenue growth.


Tech firm creates Trump monitor for stock markets
Thu, 19 Jan 2017 12:23:16 -0500

U.S. President-elect Donald Trump is broadcast on a screen on the floor at the NYSE in Manhattan, New York CityJust in time for his inauguration, London-based fintech firm Trading.co.uk is launching an app that will generate trading alerts for shares based on comments made on social media by Donald Trump. Comments earlier this week on China moved the dollar and a pair of December tweets sent the share prices of Lockheed Martin and Boeing spiraling lower. Trading.co.uk chief Gareth Mann said the Trump signal generator used artificial intelligence technology to differentiate between tweets or other messages that, for example, just mention Boeing and those liable to move markets.


Islamic State using online 'headhunters' to recruit young Germans
Thu, 19 Jan 2017 11:06:55 -0500

An illustration picture of a 3D printed logo of Twitter and an Islamic State flagBy Andrea Shalal BERLIN (Reuters) - Islamic State is using "headhunters" on social media and instant messaging sites to recruit disaffected young people in Germany, some as young as 13 or 14, the head of the country's domestic intelligence agency said on Thursday. Hans-Georg Maassen also drew parallels between the militant Islamist group and past radical movements such as communism and Adolf Hitler's Nationalist Socialists that also tried to lure young people keen to rebel against their parents and society. "On social media networks there are practically headhunters who approach young people and get them interested in this (Islamist) ideology," Maassen told foreign reporters in Berlin.


Netflix Original: New shows drive blockbuster quarter
Thu, 19 Jan 2017 10:56:30 -0500

FILE PHOTO - The Netflix sign on screen on an ipad in EncinitasIt pays to be original. Netflix Corp's surprisingly strong subscriber growth in the fourth quarter allayed concerns about the company's multi-billion dollar investment in original content. The success of new original shows such as Golden Globe winner "The Crown", based on the early years of Queen Elizabeth II's reign, helped Netflix attract 7.1 million new subscribers globally, far more than the 5.2 million analysts had expected.


Alibaba not interested in acquisitions, more interested in partnerships
Thu, 19 Jan 2017 10:28:23 -0500

Alibaba executive chairman Jack Ma, attends the annual meeting of the World Economic Forum (WEF) in DavosDAVOS, Switzerland (Reuters) - China's Alibaba is not interested in acquisitions this year as it is in partnerships, Alibaba Executive Chairman Jack Ma said on Thursday. "I am not interested in acquisitions. I am more interested in partnerships," Ma said at a news conference on Alibaba's Olympic sponsorship deal, when he asked about his company's plans for the year. "We want to look for partners and empower them to be powerful," he said. (This version of the story corrects word in lead to 'not') (Reporting by Karolos Grohmann, editing by Larry King)


U.S exchanges rent helicopter, drape banner in pursuit of Snapchat IPO
Thu, 19 Jan 2017 10:27:47 -0500

FILE PHOTO - The Snapchat logo on a banner outside the NYSESAN FRANCISCO/NEW YORK (Reuters) - This past November, Nasdaq Inc hired a helicopter to film Manhattan's skyline using Snapchat's new video-camera sunglasses and sent the aerial footage to its social media followers. The New York Stock Exchange - its arch-rival - on the same day tweeted a video shot from the floor of its exchange, showing that it too was using the social media giant's gadget. The scramble to promote Snapchat's "spectacles" is revealing the fierce competition between the two exchanges to host initial public offerings (IPOs) of prominent technology startups.


Facebook to build third foreign data center in Denmark
Thu, 19 Jan 2017 08:08:28 -0500

The logo of Facebook is seen at the Cannes Lions Festival in CannesBy Nikolaj Skydsgaard COPENHAGEN (Reuters) - Facebook will build a new data center in the Danish city of Odense, the California-based tech company said at a press conference with local authorities, only the third such facility outside of the United States. "The Odense data center will be one of the most advanced, energy-efficient data centers in the world," Facebook's director of data center operations, Niall McEntegart said on Thursday. Facebook already has a data center in Lulea, Sweden and another in Clonee in Ireland.


Samsung chief staves off arrest, prosecutor keeps chasing
Thu, 19 Jan 2017 02:16:09 -0500

Samsung Group chief, Jay Y. Lee, leaves after attending a court hearing to review a detention warrant request against him at the Seoul Central District Court in SeoulBy Joyce Lee and Ju-min Park SEOUL (Reuters) - A South Korean court on Thursday dismissed an arrest warrant against the head of Samsung Group [SAGR.UL], the country's largest conglomerate, amid a graft scandal that has led to the impeachment of President Park Geun-hye. Lee, who has led Samsung since his father, Lee Kun-hee, suffered a heart attack in 2014, was still likely to face the same charges of bribery, embezzlement and perjury, legal analysts said, even if he is not detained. Lee left the Seoul Detention Centre carrying a white shopping bag and climbed into a car without talking to reporters, having been held overnight as the court deliberated whether to grant the arrest warrant.


South Korea prosecutors undecided on further arrest warrant request for Samsung chief
Thu, 19 Jan 2017 02:15:39 -0500

South Korea's special prosecutor's office said on Thursday it has not decided whether to make another arrest warrant request for Samsung Group leader Jay Y. Lee after a court rejected its first request. Special prosecution spokesman Lee Kyu-chul said Lee has argued that he is a victim of coercion due to pressure from President Park Geun-hye but that the prosecution was not convinced of his argument. The spokesman also said Samsung Group Vice Chairman Choi Gee-sung had been classified as a suspect on suspicion of bribery but did not elaborate further.

South Korea special prosecution says deeply regrets court ruling on Samsung chief
Wed, 18 Jan 2017 20:16:59 -0500

The South Korean special prosecutor's office said on Thursday it "deeply regrets" a court ruling to deny its request to arrest Samsung Group [SAGR.UL] leader Jay Y. Lee and said it will continue its investigation into the graft scandal involving President Park Geun-hye. "We will consider necessary measures and continue with the investigation without wavering," special prosecution spokesman Lee Kyu-chul told reporters during a briefing, without elaborating. The Seoul Central District Court earlier on Thursday dismissed a warrant to arrest the 48-year-old Lee, who was named a suspect as part of an investigation into the political scandal that has led to the impeachment of President Park.

Netflix adds a third more subscribers than expected; shares jump eight percent
Wed, 18 Jan 2017 18:33:06 -0500

FILE PHOTO - The Netflix sign on screen on an ipad in EncinitasStreaming video pioneer Netflix Inc added over a third more subscribers than expected in the last quarter of 2016, a sign of success for its ambitious global expansion that sent its shares up 8 percent in extended trading. Netflix signed up 7.1 million new subscribers globally, far more than the 5.2 million analysts had expected, according to research firm FactSet, beating targets at home and abroad even as it raised prices. Original shows like "Marvel's Luke Cage" and British drama "The Crown" performed strongly around the world, Netflix said, noting that competitors were adapting to compete.


CIA unveils new rules for collecting information on Americans
Wed, 18 Jan 2017 18:26:48 -0500

The lobby of the CIA Headquarters Building in McLean, VirginiaBy Jonathan Landay LANGLEY, Va. (Reuters) - The Central Intelligence Agency on Wednesday unveiled revised rules for collecting, analyzing and storing information on American citizens, updating the rules for the information age and publishing them in full for the first time. The guidelines are designed "in a manner that protects the privacy and civil rights of the American people," CIA General Counsel Caroline Krass told a briefing at the agency's headquarters in Langley, Virginia. The new rules were released amid continued public discomfort over the government's surveillance powers, an issue that gained prominence following revelations in 2013 by former government contractor Edward Snowden that the National Security Agency (NSA) secretly collected the communications data of millions of ordinary Americans.


Hip-hop podcast host denied bail over New York concert shooting
Wed, 18 Jan 2017 18:14:43 -0500

Daryl Campbell, who goes by the name Taxstone on his podcast, had a day earlier been granted a $500,000 bond by a magistrate judge after he was arrested on Monday on federal firearm charges. The charges stemmed from a shooting on May 25 at the Irving Plaza venue in Manhattan, where the rapper T.I. was scheduled to perform, that led to a bodyguard for rapper Troy Ave, Ronald McPhatter, being killed. Troy Ave, whose real name is Roland Collins, was shot in the leg, and two concertgoers were also wounded, according to a criminal complaint filed on Tuesday.

Murder of Mexican activist triggers calls for better protection of campaigners
Wed, 18 Jan 2017 18:14:39 -0500

By Anastasia Moloney BOGOTA (Thomson Reuters Foundation) - A prominent environmentalist in Mexico was shot dead over the weekend, highlighting the dangers facing activists in Latin America and prompting calls for better protection of land and indigenous rights campaigners. Isidro Baldenegro, an environmental rights activist, was killed by gunmen on Sunday in Mexico's northern state of Chihuahua after having received death threats. A community leader of Mexico's indigenous Tarahumara people, Baldenegro was known for his fight against illegal logging in the country's Sierra Madre mountain region.

NBCU shutting cable's Esquire Network, re-launching as digital
Wed, 18 Jan 2017 17:00:53 -0500

The NBC and Comcast logo are displayed on top of 30 Rockefeller Plaza, formerly known as the GE building, in midtown Manhattan in New YorkThe move by NBCU comes a month after AT&T Inc decided to drop Esquire from its DirecTV and U-Verse offerings. Major providers such as DirecTV and Dish Network Corp have also launched slimmed-down streaming packages of live TV channels that omit many smaller networks.


South Korean court dismisses arrest warrant for Samsung chief
Wed, 18 Jan 2017 16:51:25 -0500

Samsung Group chief, Jay Y. Lee, leaves after attending a court hearing to review a detention warrant request against him at the Seoul Central District Court in SeoulBy Joyce Lee SEOUL (Reuters) - A South Korean court on Thursday dismissed a warrant to arrest the head of the Samsung Group [SAGR.UL], the country's largest conglomerate, amid a graft scandal that has led to the impeachment of President Park Geun-hye. The pre-dawn decision by the Seoul Central District Court to allow Jay Y. Lee to go home is likely to come as a major relief to the company, whose leadership vacuum Lee has tried to fill since his father suffered a heart attack in 2014. Lee, who had been questioned for 22 hours last week and was held overnight on Wednesday while the court reached its decision, left the Seoul Detention Centre carrying a white shopping bag and climbed into a car without talking to reporters.


Samsung Group says it appreciates chief Jay Y. Lee's release
Wed, 18 Jan 2017 16:08:12 -0500

Samsung Group said on Thursday it appreciated the fact that the South Korean special prosecutor's case against the head of the group, Jay Y. Lee, can proceed without his detention. "We appreciate the fact that the merits of this case can now be determined without the need for detention," Samsung Group said in an emailed statement. Seoul Central District Court earlier rejected the special prosecution's request for a warrant to arrest Lee, who had been held overnight, for suspected bribery, embezzlement and perjury amid a corruption scandal that led to the impeachment of President Park Geun-hye.

Alibaba's Ma says no chance of U.S. trade war with China
Wed, 18 Jan 2017 15:32:25 -0500

Alibaba executive chairman Jack Ma, attends the annual meeting of the World Economic Forum (WEF) in DavosDAVOS, Switzerland (Reuters) - China and the United States are not about to be drawn into a trade war, Alibaba Executive Chairman Jack Ma said on Wednesday at the World Economic Forum (WEF) in Davos.


U.S. sues Oracle, alleges salary and hiring discrimination
Wed, 18 Jan 2017 15:13:13 -0500

An Oracle banner hangs outside the New York Stock Exchange (NYSE) in New York CityThe U.S. Labor Department has sued Oracle America Inc, alleging that the technology company systematically paid its white, male employees more than other workers and unlawfully favored Asian applicants in its recruiting and hiring efforts. The department in a complaint filed with an administrative judge in Washington said the company was prohibited from engaging in racial discrimination given the hundreds of millions of dollars it receives as a contractor with the federal government. Oracle America is a unit of Oracle Corp. Oracle spokeswoman Deborah Hellinger in a statement said the claims were baseless and "politically motivated," and that the company bases employment decisions on experience and merit.


U.S. to probe whether Fujifilm violating Sony magnetic tape patents
Wed, 18 Jan 2017 15:07:01 -0500

A man stands in front of the headquarters of Fujifilm Holdings Corp in TokyoWASHINGTON (Reuters) - The U.S. International Trade Commission said on Wednesday it had launched on investigation into whether Fujifilm Holdings Corp was violating patents which Sony Corp holds for certain magnetic tape cartridges. The ITC said the products at issue in its probe were so-called Linear Tape-Open, or LTO, magnetic tape products and tape cartridge components comprising such products. (Reporting by Timothy Ahmann, editing by G Crosse)


Facebook dismissive of censorship, abuse concerns, rights groups allege
Wed, 18 Jan 2017 13:33:06 -0500

A 3D-printed Facebook logo is seen in front of a displayed stock graph in this illustration takenNearly 80 rights groups on Wednesday accused Facebook of "racially biased censorship" and failing to be more transparent about its removal policies and cooperation with law enforcement, adding to criticism the company has faced in recent months over its management of content on its network of 1.8 billion users. The sharp rebuke, sent in response to a December letter from Senior Vice President Joel Kaplan, reflected increasing impatience among advocacy groups that say Facebook has inadequately addressed their concerns despite repeated promises of action from senior executives.


Ukraine's power outage was a cyber attack: Ukrenergo
Wed, 18 Jan 2017 06:22:05 -0500

Dispatchers are seen inside control room of Ukraine's National power company Ukrenergo in KievBy Pavel Polityuk, Oleg Vukmanovic and Stephen Jewkes KIEV/MILAN (Reuters) - A power blackout in Ukraine's capital Kiev last month was caused by a cyber attack and investigators are trying to trace other potentially infected computers and establish the source of the breach, utility Ukrenergo told Reuters on Wednesday.     When the lights went out in northern Kiev on Dec. 17-18, power supplier Ukrenergo suspected a cyber attack and hired investigators to help it determine the cause following a series of breaches across Ukraine. Preliminary findings indicate that workstations and Supervisory Control and Data Acquisition (SCADA) systems, linked to the 330 kilowatt sub-station "North", were influenced by external sources outside normal parameters, Ukrenergo said in comments emailed to Reuters.


Uber to invest more than $60 million in Sao Paulo support center
Tue, 17 Jan 2017 19:13:54 -0500

A photo illustration shows the Uber app logo displayed on a mobile telephone, as it is held up for a posed photograph in central LondonRide-hailing service Uber inaugurated a support center in Brazil's biggest city on Tuesday with plans to invest 200 million reais ($62 million) and create 2,000 jobs, underscoring an aggressive growth strategy in Latin America's biggest nation. The new facility in Sao Paulo may employ up to 7,000 people by the end of the year, providing technical support for around 9 million users in Brazil along with thousands of drivers, the company said in a statement. Uber's latest investment in Brazil comes just weeks after Didi Chuxing, China's largest ride-hailing company, announced it was investing more than $100 million in Brazilian company 99, an on-demand taxi and ride sharing service.


Bitcoin exchange employee pleads guilty in U.S. case tied to hacking
Tue, 17 Jan 2017 17:51:40 -0500

FILE PHOTO: An illustration photo of Bitcoin (virtual currency) coins are seen at La Maison du Bitcoin in ParisBy Nate Raymond NEW YORK (Reuters) - A Florida man pleaded guilty on Tuesday to charges stemming from his employment with an unlicensed bitcoin exchange that prosecutors say was owned by an Israeli who oversaw a massive scheme to hack companies including JPMorgan Chase & Co. Ricardo Hill, 38, entered his plea in Manhattan federal court to seven counts, including conspiracy to operate an unlicensed money transmitting business, wire fraud and bank fraud. The Brandon, Florida-resident is one of nine people to face charges following an investigation connected to a data breach that JPMorgan disclosed in 2014 involving records for more than 83 million accounts. The charges against Hill stemmed from his employment as a finance support manager and business development consultant for an unlicensed bitcoin exchange called Coin.mx, according to court papers.


Facebook's Zuckerberg questioned at trial over virtual-reality technology
Tue, 17 Jan 2017 17:19:30 -0500

File photo of Facebook CEO Mark Zuckerberg during a town hall at Facebook's headquarters in Menlo Park, CaliforniaBy Lisa Maria Garza DALLAS (Reuters) - Facebook Inc chief executive Mark Zuckerberg took the witness stand in Dallas federal court on Tuesday and denied an allegation by a rival company that the virtual-reality technology of Facebook's Oculus unit was stolen. Zuckerberg, the founder of one of the world's largest companies, faced hours of tough, public questioning about where Oculus obtained its ideas and how much he knew about the startup when Facebook bought it for $2 billion. A jury is hearing evidence in a civil lawsuit brought by videogame publisher ZeniMax Media Inc against Oculus in 2014, in the middle of the Facebook-Oculus deal.


Thesys to run massive U.S. securities markets trade depository
Tue, 17 Jan 2017 15:59:45 -0500

A view of the exterior of the Nasdaq market site in the Manhattan borough of New York CityThesys Technologies LLC has been chosen to build and run a massive stock and options trading database ordered by the U.S. Securities and Exchange Commission aimed at helping regulators police the increasingly fast, fragmented and complex markets. Thesys was selected in a vote by all U.S. stock and options exchanges, including Intercontinental Exchange Inc's New York Stock Exchange, Nasdaq Inc, and Bats Global Markets, as well as the Financial Industry Regulatory Authority, the group said in a statement on Tuesday.


Morgan Stanley partners with tech firms to boost wealth business
Tue, 17 Jan 2017 14:34:20 -0500

FILE PHOTO - Corporate logo of financial firm Morgan Stanley in New York, New YorkBy Elizabeth Dilts NEW YORK (Reuters) - Morgan Stanley inked deals with 10 technology outfits last year to improve the products and services it offers wealth-management customers, the bank said on Tuesday. Among the new partners are Addepar, which offers investment-tracking software, and Zelle, a digital payments network that aims to compete against the popular mobile application Venmo. Although the tools will not necessarily generate fees, they will help financial advisers do their jobs better, Morgan Stanley Chief Executive James Gorman said. ...


Facebook bets on Paris with start-up incubator
Tue, 17 Jan 2017 11:06:57 -0500

By Gwénaëlle Barzic PARIS (Reuters) - Facebook gave the French tech scene a vote of confidence on Tuesday by picking Paris as the location for its first start-ups incubator, a boost for the city as European capitals compete to attract firms post-Brexit. The U.S. social media group said it would set up the scheme at the Station F site on the Left Bank - an ambitious project backed by French billionaire Xavier Niel and set to become the world's largest start-up campus when it opens in April. "Paris has always been a city of new ideas where people come together to break new ground, to do new things," Facebook's Chief Operating Officer Sheryl Sandberg told reporters at the vast, listed former railway depot still under renovation.

After pound's fall, Apple to hike British app store prices
Tue, 17 Jan 2017 09:27:37 -0500

The Apple logo is seen on the facade of the new Apple Store in ParisTech giant Apple is set to raise the prices of its apps in Britain by around 25 percent after the steep drop in sterling following Britain's vote to leave the European Union. Apps which currently cost British consumers 0.79 pounds ($0.97) will cost 0.99 pounds following the hike, which is set to take place over the next seven days. The move follows similar price rises in Apple hardware in September and October last year.


Facebook moves to head off tougher regulation in Germany
Tue, 17 Jan 2017 04:13:47 -0500

Sheryl Sandberg, Chief Operating Officer of Facebook, delivers a speech during a visit in ParisBy Caroline Copley and Eric Auchard BERLIN/MUNICH (Reuters) - Facebook is stepping up efforts to head off tougher regulation by Germany, a fierce critic of the social media network operator, with top managers visiting Germany and saying they would do more to combat fake news and hate speech. Top German lawmakers are planning legislation this year to force Facebook to remove incitements to hate crimes from its web pages within 24 hours or face fines, a push that could force the social media giant to bear more responsibility for content posted by users. Facebook's COO Sheryl Sandberg visited Berlin on Sunday to meet with German government officials considering new regulations on Facebook, according to a Berlin-based source at a rival Internet company.


Trump 'won't be worse than Obama,' says Venezuela's president
Mon, 16 Jan 2017 19:42:10 -0500

Venezuela's President Nicolas Maduro talks to the media during a news conference at Miraflores Palace in CaracasVenezuela's socialist leader said on Monday that U.S. President-elect Donald Trump was the victim of a global "hate campaign" and could not be worse than outgoing Barack Obama. On the campaign trail, the conservative Trump criticized Venezuela's ruling Socialists for oppressing their own people, but Maduro refrained from firing back in his first public comments on the Republican's election win. "He won't be worse than Obama, that's all I dare say.


Facebook moves to head off tougher regulation in Germany
Mon, 16 Jan 2017 18:58:30 -0500

File photo of Facebook CEO Mark Zuckerberg during a town hall at Facebook's headquarters in Menlo Park, CaliforniaBy Caroline Copley and Eric Auchard BERLIN/MUNICH (Reuters) - Facebook is stepping up efforts to head off tougher regulation by Germany, a fierce critic of the social media network operator, saying on Monday it would do more to combat fake news as its chief operating officer met with officials in Berlin. Top German lawmakers are planning legislation this year to force Facebook to remove "hate speech" from its web pages within 24 hours or face fines, a push that could force the social mediagiant to bear more responsibility for content posted by users. Germany's strict libel and slander laws are meant to protect citizens by making it a crime to defame others.


Facebook Germany says it will start tackling fake news in weeks
Sun, 15 Jan 2017 10:37:57 -0500

Picture shows Facebook logo at Facebook office in BerlinFacebook said on Sunday it would update its social media platforms in Germany within weeks to reduce the dissemination of fake news. "Last month we announced measures to tackle the challenge of fake news on Facebook," the U.S. technology company's German-language newsroom said. "We will put these updates in place in Germany in the coming weeks." German Justice Minister Heiko Mass has repeatedly called on Facebook to respect laws against defamation in Germany that are stricter than those in the United States.



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