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U.S. accuses three more of multimillion-dollar text message scam
Fri, 22 Jul 2016 18:45:09 -0400

U.S. prosecutors on Friday unveiled an indictment against three men for engaging in a multimillion-dollar scheme to defraud consumers by charging unsuspecting mobile phone users for unwanted text messages. An indictment filed in federal court in Manhattan charged Fraser Thompson, an ex-executive at mobile aggregation company Mobile Messenger, as well as Eugeni Tsvetnenko and Francis Assifuah, who authorities say ran digital content providers. The trio were added to a pre-existing case against five other people and accused of participating in an "auto-subscribing" scheme to charge cell phone customers monthly fees for unsolicited, recurring text messages without their consent.

Turkey asking Turks abroad to report Gulen supporters whereabouts: Swedish Radio
Fri, 22 Jul 2016 09:59:44 -0400

Turkey is asking its nationals living abroad to report people and organizations that support a U.S.-based Muslim cleric who is accused of masterminding a failed military coup to Turkish authorities, Swedish Radio reported on Friday. Turkish President Tayyip Erdogan accuses Fethullah Gulen, a U.S.-based cleric and former ally, of being behind the plot, which crumbled early on Saturday. In a crackdown on Gulen's suspected followers, more than 60,000 soldiers, police, judges, civil servants and educators have been suspended, detained or placed under investigation.

China's WeChat takes on WhatsApp in Africa
Fri, 22 Jul 2016 06:12:35 -0400

A WeChat logo is displayed on a mobile phone as a woman walks past as she talks on her mobile phone at a taxi rank in this picture illustrationBy Tiisetso Motsoeneng JOHANNESBURG (Reuters) - Late to the party, WeChat, China's biggest Internet-based mobile messaging platform, is scrambling to get a piece of the action in the booming African market. The move is leading the South Africa-China joint venture down a fiercely competitive path as Facebook's WhatsApp is already part of the social media fabric in most African countries. Africa is not often the scene of battles between tech giants, but the outcome could help determine who can turn the exponential growth in online messaging services into profits.


Sweden's Kinnevik says Zalando can withstand Amazon threat
Fri, 22 Jul 2016 06:07:26 -0400

A Zalando label lies on an item of clothing in a showroom of the fashion retailer Zalando in BerlinSwedish investment firm Kinnevik, which backs Europe's biggest pure online fashion firm Zalando, is confident the retailer can withstand competition from Amazon because it caters to a different type of customer. Zalando's shares have tumbled 11 percent this year as investors have expressed fears it is more exposed to Amazon's foray into fashion than British rival ASOS, whose shares have rallied 30 percent since the start of 2016. Kinnevik is Zalando's biggest shareholder.


Pokemon GO launches in Japan, bringing smash-hit game home
Fri, 22 Jul 2016 03:26:49 -0400

A man plays the augmented reality mobile game "Pokemon Go" by Nintendo on his mobile phone as he walks at a busy crossing in Shibuya district in TokyoBy Elaine Lies and Megumi Lim TOKYO (Reuters) - Eager Japanese rushed to their phones on Friday to start hunting as Pokemon GO, the hit Nintendo-backed smartphone game, finally launched in Japan, home of the colorful cartoon characters. The game has been an unexpected, runaway success from Spain to Australia, doubling Nintendo's value since the game's launch in the United States earlier this month. Japan, however, had been made to wait, as Niantic, the developers behind the game, and Nintendo sought to ensure servers would withstand the game's popularity.


Exclusive: Chinese group in advanced talks to buy Caesars' interactive games unit - sources
Thu, 21 Jul 2016 22:29:27 -0400

By Mike Stone and Liana B. Baker NEW YORK/SAN FRANCISCO(Reuters) - U.S. gaming holding company Caesars Acquisition Co (CAC) is in exclusive talks to sell the online games business of Caesars Interactive Entertainment Inc to a Chinese consortium that includes Giant Interactive Group Inc, people familiar with the matter said on Thursday. Caesars granted the consortium a short exclusivity period earlier this week, following an auction that also included U.S. toymaker Hasbro Inc and South Korean mobile game company Netmarble Games, the sources said.

'Snowden' director Stone talks NSA, Pokemon GO at Comic Con
Thu, 21 Jul 2016 22:04:47 -0400

U.S. film director and screenwriter Stone speaks during a discussion with students at the University of Puerto Rico in San JuanBy Piya Sinha-Roy SAN DIEGO, Calif. (Reuters) - Pokemon GO may seem a long way from the spy networks of the U.S. National Security Agency, but for Oliver Stone, director of NSA whistleblower movie "Snowden," the gaming app represents "a new level of invasion" of our digital privacy. The Oscar-winning director made the comments at a panel discussion promoting his latest film "Snowden" at San Diego's Comic-Con pop culture event on Thursday. The movie follows the 2013 events that led former NSA contractor Edward Snowden to expose the U.S. government's mass surveillance programs.


Facebook's solar-powered internet drone takes flight
Thu, 21 Jul 2016 19:58:04 -0400

File photo of Facebook CEO Mark Zuckerberg holding a propeller pod of the solar-powered Aquila drone during the Facebook F8 conference in San Francisco, CaliforniaBy Yasmeen Abutaleb SAN FRANCISCO (Reuters) - Facebook Inc said on Thursday it had completed a successful test flight of a solar-powered drone that it hopes will help it extend internet connectivity to every corner of the planet. Aquila, Facebook's lightweight, high-altitude aircraft, flew at a few thousand feet for 96 minutes in Yuma, Arizona, Chief Executive Mark Zuckerberg wrote in a post on his Facebook page. The company ultimately hopes to have a fleet of Aquilas that can fly for at least three months at a time at 60,000 feet (18,290 meters) and communicate with each other to deliver internet access.


Al Jazeera to launch English language digital streaming service in U.S.
Thu, 21 Jul 2016 19:13:51 -0400

A woman passes by the Al Jazeera America broadcast center in midtown Manhattan in New YorkAl Jazeera Media Network is preparing to make its English language international news channel video content digitally available to U.S. viewers again, according to a July 21 email sent to employees obtained by Reuters. The move comes almost three months after it shut down its U.S. cable television network, Al Jazeera America, citing economic challenges in the U.S. media market. Al Jazeera English reaches more than 305 million households in over 160 countries.


PayPal announces Visa partnership; earnings rise
Thu, 21 Jul 2016 16:56:50 -0400

The PayPal logo is seen during an event at Terra Gallery in San FranciscoPayPal Holdings Inc on Thursday showed strong growth in its online payments business, meeting Wall Street expectations on earnings and announcing a partnership with Visa Inc that is expected to bring a significant revenue increase. The company also unveiled a partnership with Visa - a deal for which investors had been eager - intended to make it easier for PayPal customers to use Visa credit cards in their transactions and allow shoppers to use PayPal in brick-and-mortar retail locations.


Comcast to offer prepaid TV and internet service
Thu, 21 Jul 2016 16:20:17 -0400

The NBC and Comcast logo are displayed on top of 30 Rockefeller Plaza, formerly known as the GE building, in midtown Manhattan in New YorkBy Malathi Nayak NEW YORK (Reuters) - Comcast Corp, the No. 1 U.S. cable company, said on Thursday it will introduce prepaid TV and internet services to attract customers whose credit ratings do not quality them for postpaid services. The service will roll out later this year in Illinois, Michigan, Georgia, Florida and Indiana, and will extend to the entire country by the end of 2017, Philadelphia-based Comcast said in a statement. The new offering, which does away with credit checks and annual contracts, lets customers refill their service at any time for a period of seven or 30 days for $15 and $45 respectively, the company said.


Not that RNC. Canadian police field angry, admiring Trump tweets
Thu, 21 Jul 2016 14:36:16 -0400

For all the fervor the Republican National Convention has generated on Twitter this week, some users have directed their anger and admiration of the events in Cleveland toward a very different organization - a provincial police service on the east coast of Canada. The Royal Newfoundland Constabulary's handle, @RNC_PoliceNL, is the first that comes up in a Twitter search for "RNC," a top search related to the Republican National Convention being held this week. The confusion has led to a barrage of tweets being directed at the police force in the Atlantic province.

Tinder launches Social to let users hang out in groups
Thu, 21 Jul 2016 11:05:45 -0400

Photo illustration of dating app Tinder shown on an Apple iPhone(Reuters) - Now, you can use Tinder to plan a night out and take along your friends to meet strangers. The popular dating app, owned by website operator Match Group Inc, has launched "Tinder Social" that allows a user to form a group by adding up to 3 other members and connect with other groups to go anywhere from a concert to a pub crawl. Users can see who's going out, invite friends to join a group, swipe and match with other groups nearby, make plans on chat and then meet up, Tinder said in a blog post.


Japan warns on Pokemon GO safety as impatient gamers await launch
Thu, 21 Jul 2016 09:33:26 -0400

A woman using a mobile phone walks past a shop selling Pokemon goods in TokyoGamers in Japan, home of Nintendo's Pokemon, are still impatiently awaiting the launch of the smash-hit Pokemon GO game but the government is already preparing for an invasion of little cartoon monsters, issuing a safety warning. The country's National Center for Incident Readiness and Strategy for Cybersecurity (NISC) issued nine instructions to users of the mobile game, ranging from advising them not to use their real names to warning gamers over fake apps. It is rare for NISC to issue an advisory over specific games, but Japan is just the latest government to do so over Pokemon GO, a game where users chase cuddly cartoon monsters in their real-life neighborhoods.


True Corp plans Thailand launch of Pokemon Go game in September
Thu, 21 Jul 2016 06:39:41 -0400

People play the augmented reality mobile game "Pokemon Go" by Nintendo in New York CityThailand telecoms company True Corp Pcl plans to launch Nintendo Co Ltd's smash-hit mobile phone game Pokemon GO in the country in September, a top executive at the Thai firm said on Thursday. True Chief Executive Suphachai Chearavanont told reporters the launch will be facilitated by the company's appointment in 2014 as the only master licensee to manage Pokemon content and expand the business in Thailand, a fast growing mobile game market in Southeast Asia. The exact launch date will be decided by Japan's Nintendo, he said, adding the game will be available for free downloads to users of any mobile service.


South Korea probes Google for anti-competitive behavior: Yonhap
Wed, 20 Jul 2016 23:49:27 -0400

File photo of a woman holding her smart phone which displays the Google home page, in this picture illustrationSouth Korea's antitrust regulator inspected Google's Seoul headquarters to investigate whether the firm is engaged in anticompetitive behavior over its Android operating system, Yonhap News Agency reported on Thursday. Yonhap, citing unnamed sources, said the Korea Fair Trade Commission (KFTC) made the inspection last week and was probing whether Google forced smartphone makers using Android on their devices to not sell products using other operating systems.


Airbnb hires ex-U.S. Attorney General to help shape policy
Wed, 20 Jul 2016 21:57:30 -0400

A 3D printed people's models are seen in front of a displayed Airbnb logo in this illustrationBy Angela Moon NEW YORK (Reuters) - Airbnb said on Wednesday it hired former U.S. Attorney General Eric Holder to help craft its anti-discrimination policy to combat discrimination occurring on the home-sharing company's platform. Airbnb, which allows private homeowners, or "hosts," on the site to rent apartments and houses on a short-term basis, has received complaints of discrimination based on race, gender and sexual orientation. "While we have a policy that prohibits discrimination, we want this policy to be stronger," Airbnb Chief Executive Brian Chesky said in a blog post announcing the hiring of Holder.


U.S. indicts KAT file sharing owner for copyright infringement
Wed, 20 Jul 2016 19:17:52 -0400

The owner of file-sharing website KAT was indicted in the United States on Wednesday for copyright infringement related to the distribution of more than $1 billion worth of movies, video games, music recordings and other content, U.S. justice officials said. Artem Vaulin, 30, of Ukraine, was arrested in Poland and U.S. officials want him extradited to face charges that include conspiracy to commit criminal copyright infringement and conspiracy to commit money laundering, according to attorneys for the U.S. District Court for the Northern District of Illinois.

EBay beats revenue estimate, bumps up forecasts
Wed, 20 Jul 2016 18:45:41 -0400

An eBay logo is projected onto white boxes in this illustration picture taken in WarsawOnline retailer eBay Inc reported better-than-expected quarterly revenue and raised its sales forecast for the year as efforts to revamp its online marketplace start to pay off. EBay shares were up 8 percent after the bell on Wednesday after the company's board also authorized an additional $2.5 billion stock buyback program. The company's revenue also got a boost from robust sales at Stubhub, which won a 6.5 year revenue-sharing deal to resell tickets for the New York Yankees last month.


Goldman Sachs leads second round of investment in Brazil startup
Wed, 20 Jul 2016 18:10:09 -0400

A view of the Goldman Sachs stall on the floor of the New York Stock ExchangeSAO PAULO (Reuters) - U.S. investment bank Goldman Sachs has led a second round of investment to inject around 35 million reais ($11 million) into Brazilian technology startup CargoX, in a sign of investor confidence despite the deepest recession in decades.


France orders Microsoft to stop collecting excessive user data
Wed, 20 Jul 2016 17:56:04 -0400

A Microsoft logo is seen a day after Microsoft Corp's (MSFT.O) $26.2 billion purchase of LinkedIn Corp (LNKD.N), in Los AngelesBy Julia Fioretti BRUSSELS (Reuters) - The French data protection authority on Wednesday ordered Microsoft Corp to stop collecting excessive data on users of its Windows 10 operating system and serving them personalized ads without their consent. The CNIL said the U.S. company had three months to stop tracking browsing by users so that Windows apps and third-party apps can offer them targeted advertising without their consent, failing which it could initiate a sanctions procedure. A number of EU data protection authorities created a contact group to investigate Microsoft's Windows 10 operating system following its launch in July 2015, the French privacy watchdog said.


Southwest Airlines halts flights after technical outage
Wed, 20 Jul 2016 17:22:00 -0400

Southwest Airlines planes are seen in front of the Las Vegas stripSouthwest spokesman Dan Landson said a team is working to resolve the issues that began Wednesday afternoon following an outage. It will take time before the budget airline resumes a normal operation, he said. Flight tracking website FlightAware.com showed that Southwest had delayed 157 flights so far on Wednesday, or about 3 percent of its operation.


U.S. research agency launches money fund data tool
Wed, 20 Jul 2016 15:52:55 -0400

(Reuters) - The U.S. Office of Financial Research, a government agency which conducts independent financial research and analysis, said on Wednesday it launched an online tool that allows investors to analyze the securities held by money market mutual funds. The introduction of OFR's "Money Market Monitor" comes at time when regulators have tightened oversight of the $2.7 trillion industry following the collapse of the Reserve Primary Fund in September 2008 at the height of the global financial crisis when its share price fell below $1. Money funds play a critical role in wholesale short-term financing.

Twitter cracks down after 'Ghostbusters' actor complains about abuse
Wed, 20 Jul 2016 15:23:16 -0400

Cast member Jones poses at the premiere of the film "Ghostbusters" in HollywoodBy Yasmeen Abutaleb and Dustin Volz SAN FRANCISCO (Reuters) - Twitter Inc late on Tuesday permanently suspended a number of user accounts for harassment, vowing to redouble its efforts to quickly thwart abusive behavior and block repeat offenders from the social media site. The move appeared to be a response to abuse and harassment that Ghostbusters actor Leslie Jones, who is black, said on Monday had become so severe that she was quitting the service. Among those banned was Breitbart tech editor Milo Yiannopoulos, a conservative who has been a provocative figure on Twitter for years and was accused by Jones and other Twitter users of feeding the abuse.


Pakistan to pass law against honor killings in weeks: PM's daughter
Wed, 20 Jul 2016 08:17:30 -0400

Social media celebrity Qandeel Baloch, who was strangled in what appeared to be an "honour killing," in Multan, Pakistan, is pictured in a selfie on her Facebook pageBy Mehreen Zahra-Malik ISLAMABAD (Reuters) - Pakistan's ruling party plans to pass long-delayed legislation against "honor killings" within weeks in the wake of the high-profile murder of an outspoken social media star, the daughter of Prime Minister Nawaz Sharif said on Wednesday. The bill will go before a parliamentary committee as early as Thursday, said Maryam Nawaz Sharif, who is an increasingly influential member of her father's ruling party. The government has faced mounting pressure to pass the law against murders carried out by people professing to be acting in defense of the honor of their family.


Turkey blocks access to WikiLeaks after ruling party email dump
Wed, 20 Jul 2016 03:47:07 -0400

Logo of the Wikileaks website is pictured on a smartphone in TokyoTurkey has blocked access to the WikiLeaks website, the telecoms watchdog said on Wednesday, hours after it leaked thousands of ruling party emails just as Ankara grapples with the aftermath of a failed military coup. Around 50,000 soldiers, police, judges and teachers have been suspended or detained since the attempted coup on the weekend, and Turkey's Western allies have expressed concern over the crackdown's reach. WikiLeaks on Tuesday released nearly 300,000 emails from the AK Party dating from 2010 to July 6 this year.


General Electric to make $500 million productivity savings from industrial internet
Wed, 20 Jul 2016 03:37:18 -0400

SHANGHAI (Reuters) - General Electric Co will make $500 million of productivity savings in 2016 from using industrial internet applications, a company executive said on Wednesday. GE Chief Digital Officer Bill Ruh made the comments at a press conference in Shanghai, where the company also announced a partnership with China's Huawei Technologies [HWT.UL]. (Reporting by Brenda Goh; Editing by Stephen Coates)

GE remains upbeat on slower-growing China, says Rice
Wed, 20 Jul 2016 03:37:18 -0400

General Electric still sees plenty of opportunities in a slower-growing China, even as the government's anti-corruption campaign causes some deals to take longer to get approved, a senior executive said on Wednesday. GE vice chairman John Rice, speaking on the sidelines of a company event in Shanghai, told Reuters there was some "level of caution" in reaction to President Xi Jinping's crackdown on corruption even though he broadly welcomed the campaign. "There’s some level of caution, people in some cases reacting to the anti-corruption campaign ... The effort to clean this up and deal with some of these issues will be really helpful to China and very helpful to companies like GE." Rice also said the fall in the value of the British pound after the vote to leave the European Union would help GE's exports and the company had no long-term plans to make substantive changes to its business in the United Kingdom.

GE takes digital strategy to China with Huawei tie-up
Wed, 20 Jul 2016 03:36:52 -0400

The logo of Down Jones Industrial Average stock market index listed company General ElectricBy Brenda Goh SHANGHAI (Reuters) - General Electric Co on Wednesday said it would partner with Huawei Technologies Co Ltd [HWT.UL] to develop smart machines designed to boost productivity, part of a drive to promote its "industrial internet" business in China. The U.S. industrial giant announced the partnership as it launched an $11 million digital space in Shanghai, where it plans to incubate start-ups and have developers work on new software applications to make machines more intelligent. Chief Digital Officer Bill Ruh said the world's biggest maker of jet engines and diesel locomotives had already made $500 million in productivity savings for itself this year by using smarter machines, and he expected this to grow to $1 billion in total by 2020.


Gawker Media founder faces personal bankruptcy
Tue, 19 Jul 2016 22:36:06 -0400

Nick Denton, founder of Gawker, talks with his legal team before Terry Bollea, aka Hulk Hogan, testifies in court, in St Petersburg, FloridaBy Jessica DiNapoli NEW YORK (Reuters) - Gawker Media LLC founder Nick Denton faces personal bankruptcy after a U.S. judge refused on Tuesday to extend protections shielding him from liabilities resulting from a lawsuit over the invasion of privacy of former professional wrestler Hulk Hogan. The decision represents a victory for Hogan as well billionaire investor Peter Thiel, an early backer and board member of Facebook Inc who helped fund Hogan's lawsuit following the publication of an article by Gawker about Thiel's homosexuality. "This story will conclude with Gawker Media's popular brands sheltered under new ownership and the importance of a free and critical press reaffirmed by the courts.


Cloud business boosts Microsoft's quarterly revenue, shares rise
Tue, 19 Jul 2016 19:43:20 -0400

A Microsoft logo is seen a day after Microsoft Corp's (MSFT.O) $26.2 billion purchase of LinkedIn Corp (LNKD.N), in Los Angeles"Only two companies are setting the tone of enterprise computing, Microsoft Azure and Amazon AWS," said Trip Chowdhry, managing director of Global Equities Research, referring to Amazon.com Inc's web services unit. Microsoft's revenue in what it calls its "intelligent cloud" businesses, which includes the Azure cloud platform and server software, rose 7 percent to $6.7 billion. Revenue for Azure - which customers can use to host their website, apps or data - grew 102 percent, but Microsoft did not say what the actual revenue figure was.


Thai junta offers million baht raffle to bring tax returns online
Tue, 19 Jul 2016 19:13:23 -0400

A smartphone showing Promptpay is seen in this picture illustrationBy Orathai Sriring and Pairat Temphairojana BANGKOK (Reuters) - "Want to win a million baht? Go for e-payment," says Thailand's junta, offering a lucky draw as an incentive to use a new online payment scheme for business, in an effort to bring some of the massive informal economy onto the books and boost tax revenues. As Southeast Asian economies struggle and tax income misses budget targets, Thailand's finance minister is hopeful a nationwide e-payment scheme will add tax revenue of 100 billion baht ($2.9 billion) a year to the coffers.


Seattle judge hears challenge to Uber, Lyft union law
Tue, 19 Jul 2016 18:39:03 -0400

File photo of a driver displaying Uber and Lyft ride sharing signs on his car windscreen in Santa MonicaBy Tom James SEATTLE (Reuters) - A U.S. judge on Tuesday wrestled with whether a lawsuit could proceed against the city of Seattle over a local law which allows Uber and Lyft drivers to unionize. The litigation is unfolding amid a national debate over what level of benefits are owed to workers in the so-called "gig economy." Seattle last year became the first U.S. city to pass a law giving drivers for ride-hailing apps, as well as taxi and for-hire drivers, the right to collectively negotiate on pay and working conditions. Both Uber and Lyft vigorously opposed the measure, arguing that existing federal labor law trumps local legislation.


Dorsey's Square starts up UK operation for first European foray
Tue, 19 Jul 2016 13:51:41 -0400

Jack Dorsey, CEO of Square and CEO of Twitter, arrives at the New York Stock ExchangeBy Mia Shanley and Heather Somerville STOCKHOLM/SAN FRANCISCO (Reuters) - Square Inc, the mobile payments company run by Twitter Inc CEO Jack Dorsey, has incorporated a business called Squareup Europe Ltd in Britain, registration documents show, lining itself up for what could be its first foray into Europe. Square, which is present in the United States, Canada, Japan and Australia, facilitates payments between customers and businesses with a credit card reader that turns any mobile phone into a payment terminal. Square, founded in 2009 and which went public in November last year, incorporated Squareup Europe in early June at an address in central London, documents from Britain's Companies House registry showed.


Justice Department changes social media policy after rogue tweet criticizing CNN
Tue, 19 Jul 2016 13:27:03 -0400

By Julia Edwards WASHINGTON (Reuters) - The U.S. Justice Department is changing its social media policy following a tweet mistakenly sent from the department's official account on Tuesday that called CNN "the biggest troll of them all," a department official said. In a statement, the staff member in the public affairs office "erroneously used the official Department of Justice Twitter handle to post a tweet that was intended for a personal account." The statement did not identify the staff member, but said the person's access to the department's social media accounts had been revoked. Going forward, the Justice Department's public affairs office will implement "procedural changes" around the use of social media accounts and provide additional training to its employees, the statement said.

Tesla shortens web address, mum on formal name change
Tue, 19 Jul 2016 12:42:29 -0400

A Tesla logo on a Model S is photographed inside of a Tesla dealership in New YorkBy Paul Lienert DETROIT (Reuters) - Electric vehicle maker Tesla Motors Inc has changed its internet address from teslamotors.com to tesla.com, hinting at a possible company name change as part of CEO Elon Musk's latest and still undisclosed "master plan." The domain name and address were updated on Monday, according to internet accreditation company ICANN. Web users now are being automatically redirected to the new Tesla.com web address. At mid-day Tuesday, Musk tweeted: "Will be working at Tesla on Autopilot & Model 3 today, then aiming to pull an all-nighter and complete the master product plan." He has provided no further details.


Twitter signs streaming deal with NBA for non-game programing
Tue, 19 Jul 2016 11:01:38 -0400

A 3D-printed logo for Twitter is seen in this picture illustration made in Zenica(Reuters) - Twitter Inc said on Tuesday it had signed a deal with the NBA to stream exclusive non-game programing, pushing deeper into sports streaming as it seeks new ways to attract users. The NBA deal follows Twitter's high-profile agreement in April with the National Football League to exclusively stream NFL games this fall. Twitter will deliver a free live stream of a new weekly pre-game NBA show, as well as another yet-to-be-decided show ahead of the 2016-17 season.


EU court adviser backs data retention with strict rules
Tue, 19 Jul 2016 06:18:32 -0400

Servers for data storage are seen at Advania's Thor Data Center in Hafnarfjordur, IcelandTelecoms operators in the European Union may be required to retain customer communications data as long as it is strictly necessary to fight serious crime and does not unduly interfere with privacy, an adviser to the top EU court said on Tuesday. The types of data that can be retained include the date, time and duration of calls, and the source and destination of calls, but not their content, an advocate general to the Court of Justice of the European Union (ECJ) said. Tuesday's opinion referred to two cases in which data retention laws in Sweden and Britain were challenged on the grounds that they were no longer valid after the ECJ struck down an EU-wide data retention law in 2014 because it went too far and violated people's privacy.


China internet watchdog to probe Baidu over reports it was used to promote gambling
Tue, 19 Jul 2016 05:59:30 -0400

Baidu's company logo is seen at its headquarters in BeijingChina's internet regulator said it will investigate Baidu Inc after domestic media reported illegal gambling websites used the country's biggest search engine to promote themselves. In a statement posted on its website late on Monday, the Cyberspace Administration of China (CAC) said it said will conduct a strict investigation and handle any illegal behavior accordingly. Gambling has been outlawed in China since 1949, though a state lottery does operate.


Zalando shrugs off Amazon threat to lift profit forecast
Tue, 19 Jul 2016 03:55:48 -0400

A Zalando label lies on an item of clothing in a showroom of the fashion retailer Zalando in BerlinBy Emma Thomasson BERLIN (Reuters) - Zalando , Europe's biggest pure online fashion retailer, raised its full-year profit forecast on Tuesday after posting strong second quarter results, easing concerns about the threat posed by Amazon to its business. Zalando's shares, which have tumbled this year as investors have expressed fears it is more exposed to Amazon's foray into fashion than British rival ASOS , soared more than 17 percent to 31.40 euros by 0745 GMT, while ASOS rose 0.9 percent. "Concern has been growing on EBIT margin development and threat from Amazon and this upgraded guidance will provide a good relief rally," said UBS analyst Adam Cochrane.



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