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Ritchie Bros to buy U.S. e-commerce site IronPlanet for $758 million
Mon, 29 Aug 2016 19:09:14 -0400

(Reuters) - Canadian industrial auctioneer Ritchie Bros Auctioneers Inc said it will buy IronPlanet, a privately held U.S. e-commerce site for used equipment, for about $758.5 million, as it looks to diversify its portfolio. Burnaby, Vancouver-based Ritchie, which focuses on the sale of heavy machinery, will fund the transaction with a combination of cash and new debt. IronPlanet, backed by Caterpillar Inc , allows users to place bids online or on-site, or buy at a fixed price.

Exclusive: Six U.S. senators urge Obama to prioritize cyber at G20 in China
Mon, 29 Aug 2016 18:44:20 -0400

A man rides an electronic bike past a billboard for the upcoming G20 summit in HangzhouBy Jonathan Spicer NEW YORK (Reuters) - Six U.S. senators have urged President Barack Obama to prioritize cyber crime at this weekend's G20 summit in China, in the wake of the theft of $81 million from Bangladesh's central bank, according to a letter obtained by Reuters. In the letter sent to the White House ahead of the Sept. 4-5 summit, Sherrod Brown, a senior Democrat on the Senate Banking Committee, and five other senators say they want the U.S. President to press leaders from the world's 20 biggest economies to commit in joint communiques to a "coordinated strategy to combat cyber-crime at critical financial institutions." The letter, dated Monday, suggests concern among U.S. lawmakers is growing over the February incident in which hackers breached Bangladesh Bank's systems and used the SWIFT banking network to request nearly $1 billion from an account held at the Federal Reserve Bank of New York.


Sri Lanka police arrest teen over hacking president's website
Mon, 29 Aug 2016 15:01:14 -0400

Illustration file picture shows a man typing on a computer keyboard in WarsawSri Lanka police on Monday arrested a 17-year old school boy on suspicion of hacking into the president's official website, demanding that his university entrance examination dates not be changed, officials said on Monday. The website of President Maithripala Sirisena, www.president.gov.lk, was first hacked on Thursday and then again on Friday. The hacker, who made his claim as "The Sri Lankan Youth", posted a message on the website demanding a presidential election immediately if Sirisena was unable to address his demand of not changing the examination dates to April, the month most Sri Lankans celebrate traditional new year.


Germany wants Facebook to take initiative in fight against online hate
Mon, 29 Aug 2016 14:27:27 -0400

German Interior Minister de Maiziere vistits the Facebook office in BerlinBy Thorsten Severin and Andrea Shalal BERLIN (Reuters) - Germany's interior minister visited Facebook's offices in Berlin on Monday and said it should be more proactive in removing forbidden content from its social network platform. "Facebook should take down racist content or calls for violence from its pages on its own initiative even if it hasn't yet received a complaint," Thomas de Maiziere said. "Facebook has an immensely important economic position and just like every other large enterprise it has a immensely important social responsibility." The German government has been critical of Facebook in the past.


U.S. appeals court dismisses AT&T data throttling lawsuit
Mon, 29 Aug 2016 14:04:17 -0400

The signage for an AT&T store is seen in New YorkA federal appeals court in California on Monday dismissed a U.S. government lawsuit that accused AT&T Inc of deception for reducing internet speeds for customers with unlimited mobile data plans once their use exceeded certain levels. The U.S. Court of Appeals for the Ninth Circuit said it ordered a lower court to dismiss the data-throttling lawsuit, which was filed in 2014 by the Federal Trade Commission. The FTC sued AT&T on the grounds that the No. 2 U.S. wireless carrier failed to inform consumers it would slow the speeds of heavy data users on unlimited plans.


Facebook CEO says group will not become a media company
Mon, 29 Aug 2016 13:37:02 -0400

File photo of Facebook CEO Mark Zuckerberg during a town hall at Facebook's headquarters in Menlo Park, CaliforniaFacebook Inc. will not become a media company, its founder and CEO Mark Zuckerberg said on Monday, telling students the firm would remain a technology platform. An increasing number of users are turning to social media networks, such as Facebook and Twitter , to find their news, but Zuckerberg said his firm had no ambitions to become a content provider. "No, we are a tech company, not a media company," said Zuckerberg, after a young Italian asked him whether Facebook intended to become a news editor.


European privacy regulators to scrutinize WhatsApp privacy switch
Mon, 29 Aug 2016 12:41:10 -0400

Illustration photo shows Whatsapp App logos on a mobile phone in Sao PauloFacebook's move to relax the privacy policy of WhatsApp, the world's most popular mobile messaging application, will be closely scrutinized, the chair of Europe's leading group of privacy regulators said on Monday.     WhatsApp, which counts more than a billion users globally, said on Thursday it would start sharing users' phone numbers with Facebook, helping it to target advertisements and friend recommendations across the social media network. At the time of the deal in 2014, WhatsApp founder Jan Koum vowed to protect data of its users and said the deal would not affect its privacy policy.    In response, Britain's data privacy regulator, the Information Commissioner's Office (ICO), said it was monitoring the changes to ensure that the new policy stays within data protection laws (http://reut.rs/2bwpIdX).     The French data protection authority is studying Facebook's response earlier this month to issues the regulator has raised over the company's handling of customer data for targeting advertising to the social network's members.     CNIL has yet to receive any specific complaints from citizens to the latest changes to WhatsApp privacy policies, it said.


Cyber threat grows for bitcoin exchanges
Mon, 29 Aug 2016 07:34:53 -0400

An illustration photo shows a Bitcoin (virtual currency) paper wallet with QR codes and a coin are seen at La Maison du Bitcoin in ParisBy Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - When hackers penetrated a secure authentication system at a bitcoin exchange called Bitfinex earlier this month, they stole about $70 million worth of the virtual currency. The latest survey of 46 securities exchanges released three years ago by the International Organization of Securities Commissions and World Federation of Exchanges found that more than half had experienced a cyber attack.


'Birth of a Nation' filmmaker reflects on his 2001 rape trial, acquittal
Sun, 28 Aug 2016 10:35:29 -0400

Actor Nate Parker poses at the premiere of his new film "Non-Stop" in Los AngelesBy Steve Gorman LOS ANGELES (Reuters) - Actor-director Nate Parker says he never gave another thought to his trial and acquittal on rape charges in 2001 until forced to confront the issue again as the promotion for his film "Birth of a Nation" was gaining steam this month.


Rugby-All Blacks prop Franks cleared of eye gouging allegations
Sat, 27 Aug 2016 22:10:56 -0400

By Greg Stutchbury WELLINGTON, Aug 28 (Reuters) - All Blacks prop Owen Franks has been cleared of eye gouging allegations after the southern hemisphere's governing body did not issue any citings from New Zealand's Rugby Championship clash against Australia. Video footage appeared to show the forward's hands raking across the face of Wallabies lock Kane Douglas during a maul early in Saturday's clash at Wellington Regional Stadium. Wallabies coach Michael Cheika said after his side's 29-9 loss that he had seen the incident and that he thought the match citing commissioner would examine it further.

Burkina Faso bans big buttocks beauty contest
Sat, 27 Aug 2016 07:35:46 -0400

The government of Burkina Faso has banned an annual beauty contest for women with the biggest buttocks, saying such events are sexist. Adverts for this weekend's third edition of 'Miss Bim-Bim', carrying an image of two fully clothed women with exaggeratedly large behinds, provoked an outcry on social media. "Our role is to do everything to avoid damaging the image of women," said Minister Laure Zongo in a statement, adding that social media criticism had persuaded her to act.

Facebook changes 'Trending' feature to rely less on human editors
Fri, 26 Aug 2016 18:34:37 -0400

Computer screens display the Facebook sign-in screen in this photo illustration taken in GoldenBy Yasmeen Abutaleb SAN FRANCISCO (Reuters) - Facebook Inc changed its popular "Trending" feature, which shows users the most-talked about topics of the day, to make it more automated and further eliminate the potential for human bias, the company wrote in a blog post on Friday. The update is Facebook's latest attempt in recent months to stress its neutrality as its influence grows. Facebook said an internal probe found no evidence of bias.


UK regulator to monitor WhatsApp's data sharing with Facebook
Fri, 26 Aug 2016 13:58:25 -0400

A 3D printed Whatsapp logo is seen in front of a displayed Facebook logo in this illustration taken(Reuters) - Britain's data privacy regulator said on Friday it would monitor how popular messaging service WhatsApp shares data with parent Facebook Inc under a new privacy policy. The Information Commission's Office (ICO) said while some users may be concerned by the lack of control provided by the updated privacy policy, others may consider it a positive. WhatsApp, which has more than a billion users, said on Thursday it would start sharing users' phone numbers with Facebook, allowing for more relevant advertisements and friend recommendations on the social media network.


Google hires Airbnb exec to commercialize self-driving cars
Fri, 26 Aug 2016 11:30:33 -0400

Visitors look at a self-driving car by Google displayed at the Viva Technology event in ParisBy David Shepardson WASHINGTON (Reuters) - Alphabet Inc's Google self-driving car project took a step closer to market with the hire of a top executive from Airbnb, the online vacation home rental marketplace. Shaun Stewart is joining Google as a director of the self-driving car project, spokesman Johnny Luu said on Friday. Stewart's role will be to help commercialize Google's self-driving technology, which has been in development for more than seven years and has seen an increased pace of activity over the last 12 months.


Judge orders search of new Clinton emails for release by September 13
Fri, 26 Aug 2016 07:31:13 -0400

Democratic presidential nominee Hillary Clinton greets supporters at Hub Coffee Roasters in Reno(Reuters) - A U.S. judge ordered the State Department on Thursday to release by Sept. 13 any emails it finds between Hillary Clinton and the White House from the week of the 2012 attack in Benghazi, Libya, among the thousands of additional emails uncovered by federal investigators. The order came after the Federal Bureau of Investigation gave the department a disc earlier this month containing 14,900 emails to and from Clinton and other documents it said it had recovered that she did not return to the government. Clinton, the Democratic presidential nominee, has been criticized for using an unauthorized private email system run from a server in the basement of her home while she was secretary of state from 2009 to 2013, a decision she says was wrong and that she regrets.


Net1 to invest up to $40 million in India's MobiKwik over 2 years
Fri, 26 Aug 2016 05:00:12 -0400

MUMBAI (Reuters) - Payment services provider Net1 UEPS Technologies Inc will invest up to $40 million in Indian mobile wallet services provider MobiKwik over the next 24 months, the companies said in a joint statement on Friday. MobiKwik had previously raised three rounds of funding from investors including Sequoia Capital, American Express, MediaTeK and Cisco Investments, according to the statement. (Reporting by Devidutta Tripathy; Editing by Subhranshu Sahu)

Economists see ride-hailing industry as ripe for competition
Fri, 26 Aug 2016 04:47:11 -0400

A driver leaves the office of taxi-hailing service Uber Inc during a driver recruitment event in Hong KongBy Heather Somerville SAN FRANCISCO (Reuters) - Chinese powerhouse Didi Chuxing's acquisition of Uber Technologies Inc's China operations marked the biggest move yet toward consolidation in an industry that many investors and Silicon Valley pundits view as a winner-take-all game. On the day the Didi deal was announced earlier this month, Uber board member Bill Gurley said Uber's rivals in other markets had a slim chance of splitting the market with the dominant player, just as Uber struggled to erode Didi's share in China. After China, the industry will consolidate in other markets, said Hans Tung, an Asia-focused investor and managing partner at GGV Capital, which backed Didi and Grab, a Singapore-based ride service.


Chinese man arrested in Hong Kong over FACC cyber attack in Austria
Fri, 26 Aug 2016 04:16:18 -0400

An illustration picture shows projection of binary code on man holding aptop computer in WarsawA Chinese citizen has been arrested in Hong Kong in connection with a cyber attack that cost Austrian aerospace parts maker FACC 42 million euros ($47.39 million), Austrian police said on Friday. FACC fired its chief executive and chief financial officer after the attack, which involved hoax emails asking an employee to transfer money for a fake acquisition project - a kind of scam known as a "fake president incident". FACC's customers include Airbus and Boeing.


India's Infosys says seeing client-specific softness after Brexit
Fri, 26 Aug 2016 02:21:03 -0400

An employee walks past a signage board in the Infosys campus at the Electronics City IT district in BangaloreNEW DELHI (Reuters) - Indian IT services provider Infosys Ltd is seeing some 'softness' in clients after Britain voted in June to leave the European Union, a top company executive said during an analyst meet on Friday. Infosys will be in a better position by October to evaluate the impact of this on its earnings outlook for the current fiscal year ending March 31, 2017, Chief Financial Officer Ranganath D Mavinakere said. ...


Judge in Stanford rape case will stop hearing criminal cases
Fri, 26 Aug 2016 00:29:21 -0400

Stanford University's campus is seen in an aerial photo in StanfordSanta Clara County Superior Court Judge Aaron Persky has requested to be assigned to the court's civil division, more than two months after imposing the controversial sentence on Brock Allen Turner, 20, for the January 2015 attack, Presiding Judge Risë Jones Pichon said in a statement. Persky has received death threats, faced a recall effort and several online petitions seeking his removal in a furor of criticism for what was perceived as a lenient sentence. The uproar over the sentence, fueled in part by the victim's harrowing letter in which she detailed the assault, is part of growing outrage over sexual assault on U.S. college campuses.


U.S. Homeland Security probes hacking of actress Leslie Jones' website
Thu, 25 Aug 2016 22:01:13 -0400

Cast member Leslie Jones poses at the premiere of the film "Ghostbusters" in Hollywood, CaliforniaThe U.S. Department of Homeland Security is investigating a new incident involving actress Leslie Jones, who has been targeted by online abusers, after hackers posted nude photos and personal information on the "Ghostbusters" star's website. In order to protect the integrity of the case, no further details are available at this time," Rachel Yong You, a spokeswoman for the U.S. Immigration and Customs Enforcement, said on Thursday in an email to Reuters. ICE, as the agency is known, is a branch of the Department of Homeland Security.


Apple fixes security flaw after UAE dissident's iPhone targeted
Thu, 25 Aug 2016 19:28:18 -0400

A salesman checks a customer's iPhone at a mobile phone store in New DelhiApple Inc issued a patch on Thursday to fix a dangerous security flaw in iPhones and iPads after researchers discovered that a prominent United Arab Emirates dissident's phone had been targeted with a previously unknown method of hacking. The thwarted attack on the human rights activist, Ahmed Mansoor, used a text message that invited him to click on a web link. Instead of clicking, he forwarded the message to researchers at the University of Toronto's Citizen Lab.


Russian lawmaker's son convicted in U.S. for hacking scheme
Thu, 25 Aug 2016 19:21:41 -0400

View shows various credit cardsRoman Seleznev, also known as "Track2," was found guilty by a federal jury in Seattle on 38 of 40 counts including wire fraud and intentional damage to a protected computer following an eight day trial, prosecutors said. The conviction of Seleznev, of Vladivostok, followed a 10-year-long investigation by the U.S. Secret Service, the agency said. Seleznev, the son of Valery Seleznev, a member of the Russian Parliament, is scheduled to be sentenced on Dec. 2.


Canada sees more extremists, including women, traveling abroad
Thu, 25 Aug 2016 18:10:35 -0400

Canada's Public Safety Minister Goodale speaks in the House of Commons in OttawaThe number of people who have traveled overseas from Canada and are suspected of involvement in radical activities has grown, security officials said in a report that found the number of women leaving to join Islamic State was also on the rise. At the end of 2015, 60 of what Canada calls "extremist travelers" had returned to the country, according to the annual report released on Thursday by Public Safety Minister Ralph Goodale. Goodale has overall responsibility for law enforcement, including the RCMP and Canadian Security Intelligence Service.


Uber lost at least $1.27 billion in first half of 2016: Bloomberg
Thu, 25 Aug 2016 11:48:31 -0400

An illustration picture shows the logo of car-sharing service app Uber on a smartphone next to the picture of an official German taxi sign(Reuters) - Ride-hailing giant Uber Technologies Inc [UBER.UL] lost at least $1.27 billion before interest, taxes, depreciation and amortization in the first six months of 2016, Bloomberg reported on Thursday, citing people familiar with the matter. The subsidies Uber grants its drivers was the main reason for the loss, finance head Gautam Gupta told investors in a quarterly conference call, Bloomberg said, citing sources. The company lost about $520 million in the first quarter of the year and another $750 million in the second quarter, Bloomberg said.


WhatsApp relaxes privacy stance, to share phone numbers with Facebook
Thu, 25 Aug 2016 10:01:25 -0400

A 3D printed Whatsapp logo is seen in front of a displayed Facebook logo in this illustration takenPopular messaging service WhatsApp said it would start sharing users' phone numbers with parent Facebook Inc , marking a notable shift in its stance on privacy. When Facebook bought WhatsApp in 2014, founder Jan Koum vowed to protect data of its users, saying the deal would not affect its privacy policy. The change in policy, WhatsApp's first since the deal, will allow for more relevant advertisements and friend recommendations on Facebook, according to a WhatsApp blog post.


Social media giants must do more to police sites - MPs
Thu, 25 Aug 2016 09:54:07 -0400

A logo of Twitter is pictured next to the logo of Facebook in this illustration photo in SarajevoBy Paul Sandle LONDON (Reuters) - Facebook, Twitter and YouTube should hire more people to monitor hate speech and material inciting violence as well as putting staff in police operation centres to remove offending posts faster, British lawmakers said. In a report released on Thursday by parliament's Home Affairs Select Committee, lawmakers said major internet firms were "consciously failing" to stop groups such as Islamic State promoting violence on social media and they needed to take more responsibility for the impact of material posted on their sites. The report said large internet companies should work with the government, police and security services to create an extensive round-the-clock hub to monitor and immediately shut down such online activity.


Social media giants must do more to police sites: UK lawmakers
Thu, 25 Aug 2016 09:13:29 -0400

A logo of Twitter is pictured next to the logo of Facebook in this illustration photo in SarajevoBy Paul Sandle LONDON (Reuters) - Facebook, Twitter and YouTube should hire more people to monitor hate speech and material inciting violence as well as putting staff in police operation centers to remove offending posts faster, British lawmakers said. In a report released on Thursday by parliament's Home Affairs Select Committee, lawmakers said major internet firms were "consciously failing" to stop groups such as Islamic State promoting violence on social media and they needed to take more responsibility for the impact of material posted on their sites. The report said large internet companies should work with the government, police and security services to create an extensive round-the-clock hub to monitor and immediately shut down such online activity.


Amazon launches Amazon Vehicles to help car buyers
Thu, 25 Aug 2016 09:05:36 -0400

Amazon.com's logo is seen at Amazon Japan's office building in Tokyo(Reuters) - Amazon.com on Thursday launched Amazon Vehicles, an online platform for users to research on cars, auto parts and accessories. The platform will include specifications, images and reviews on Amazon.com for a large number of car models, ranging from Tesla Motors' 2014 Model S to the iconic Ford Mustang 1965. Amazon Vehicles would be an extension of the existing Amazon Automotive store, the company said.


Uber to let Londoners book journeys weeks in advance
Thu, 25 Aug 2016 07:19:09 -0400

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 service Uber [UBER.UL], which enables users to instantly hail a taxi ride using their smartphone, will allow customers to book trips days or weeks in advance in London, the first European city to get the option. Uber began offering scheduled rides in June in Seattle, targeted particularly at business customers. Earlier this year, the San Francisco-based app avoided having a mandatory waiting time of five minutes imposed upon it and other private hire car firms in London as part of proposals by transport bosses to regulate the sector.


Tech firms' encryption foe struggles for U.S. Senate re-election
Thu, 25 Aug 2016 06:24:12 -0400

Senators hold a news conference to talk about new legislation to restrict prisoner transfers from the detention center at Guantanamo Bay, at the U.S. Capitol in WashingtonBy Dustin Volz WASHINGTON (Reuters) - A U.S. senator seen by Silicon Valley as one of the technology industry's main foes in Congress is fighting for his political life as Donald Trump's slumping poll numbers threaten to damage Republican candidates across the board. Senator Richard Burr from North Carolina, the chairman of the Senate Intelligence Committee, is facing a strong and unexpected challenge from Democrat Deborah Ross. Ross, a former head of the state's chapter of the American Civil Liberties Union, is fighting an uphill battle.


CrowdStrike, other cybersecurity firms integrating industry cooperative
Thu, 25 Aug 2016 02:44:11 -0400

A padlock is displayed at the Alert Logic booth during the 2016 Black Hat cyber-security conference in Las VegasBy Joseph Menn SAN FRANCISCO (Reuters) - Some information security companies that were shut out of the leading system for sharing data on malicious software are revealing more about how their own systems work in hopes of rejoining the cooperative effort, a shift that should improve protections for customers throughout the industry. CrowdStrike, one of the most prominent young security companies threatened with exclusion from some shared services, said it has integrated part of its system for detecting malicious software with VirusTotal, the main industry repository for disclosing and rating risks of malware and suspect files. Alphabet Inc's Google runs the VirusTotal database so security professionals can share new examples of suspected malicious software and opinions on the danger they pose.


Japanese truck driver playing Pokemon Go kills pedestrian
Thu, 25 Aug 2016 02:17:19 -0400

Flowers are laid near the scene where a passer-by was killed after being hit by a driver playing "Pokemon Go" while driving in TokushimaA Japanese truck driver playing Pokemon Go while driving hit two women, killing one and injuring the other, in Japan's first death related to the Nintendo Co craze. The driver said he had been distracted by the game after his arrest for negligent driving following the accident on Wednesday evening, a spokesman for the Tokushima prefectural police said. No decision has been made yet on whether to proceed with a prosecution," he added A spokesman for Niantic Inc, which developed Pokemon GO jointly with Nintendo affiliate Pokemon Company, said the company had added a pop-up to the Pokemon Go screen when it detected an increase in speed asking for confirmation the user was not driving.


Assange says WikiLeaks to release 'significant' Clinton campaign data
Wed, 24 Aug 2016 22:32:26 -0400

WikiLeaks founder Julian Assange makes a speech from the balcony of the Ecuadorian Embassy, in central LondonAsked if the data could be a game-changer in the election, the Australian told Fox News in an interview conducted by satellite: “I think it’s significant. Assange has been living in the Ecuadorean Embassy in London for five years to avoid extradition to Sweden, where he faces sexual assault accusations. WikiLeaks released files in July of what it said were audio recordings pulled from the emails of the Democratic National Committee that were obtained by hacking its servers.


U.S. banking regulators focused on cyber security after SWIFT attacks
Wed, 24 Aug 2016 17:22:33 -0400

Photo illustration of the Swift bank logoU.S. banking regulators said on Wednesday they are focused on cyber security risks and controls for U.S. financial institutions after attacks earlier this year involving the global financial network known as SWIFT. In a letter responding to questions from Representative Carolyn Maloney, a Democrat from New York, the regulators also said the U.S. Treasury Department's Office of the Comptroller of the Currency was drafting guidance on interbank messaging and wholesale payment systems. "As part of ongoing supervision activities, the OCC's onsite examination teams regularly address emerging issues, such as the recent reports of cyber-attacks involving SWIFT," said the letter from banking regulators including the Federal Reserve Board and Federal Deposit Insurance Corporation.


Philippines bans Pokemon Go in public offices
Wed, 24 Aug 2016 08:55:27 -0400

A man plays "Pokemon Go" by Hoan Kiem Lake in HanoiThe Philippines has banned Pokemon Go in government offices following similar decisions by Southeast Asian neighbors to limit the blockbuster smartphone game because of its impact on productivity. The Civil Service Commission (CSC), in a report by broadcast network ABS-CBN, said it will no longer allow play during office hours and will request the Pokemon Go developer to remove government offices from the list of Poke Stops and gyms. Employees might not be able to fulfill their duties at that time," said Maria Luisa Agamata, public assistance and information officer of the commission.


Angry Birds maker Rovio turns a profit, plans movie sequel
Wed, 24 Aug 2016 07:48:12 -0400

Angry Birds balloons are carried down Hollywood Boulevard during the 82nd Annual Hollywood Christmas Parade in Los AngelesFinnish mobile game and animation maker Rovio Entertainment Ltd said on Wednesday it made a profit in the first half of the year and was planning a sequel to its successful Angry Birds Movie. Rovio's adjusted operating profit in the first six months of 2016 was 5.7 million euros ($6.4 million) compared with a loss of 10 million a year earlier. The figures do not include profits from its 3D Angry birds movie which has earned more than $347 million at the box office worldwide since its release in May, Rovio said.


Philippines' Duterte says willing to allow online gambling resumption
Wed, 24 Aug 2016 07:15:55 -0400

Philippine President Rodrigo Duterte speaks before soldiers during a visit at Capinpin military camp in Tanay, Rizal in the PhilippinesPhilippine President Rodrigo Duterte said on Wednesday he's willing to allow a resumption of online gambling in the Southeast Asian nation if correct taxes are paid and gaming parlor are far from schools and churches. The new president added online gambling to his hit list of vices, with the gaming regulator opting not to renew expired licenses of gaming cafes to prevent poor Filipinos from betting. "I will restore online (gambling) provided taxes are correctly collected and they are situated or placed in districts where gambling is allowed, which means to say, not within the church distance or schools," Duterte told a briefing.


South Korea delays decision on Google's request for mapping data
Wed, 24 Aug 2016 05:35:07 -0400

A photo illustration shows Google Maps application displayed on a smartphone in SeoulSouth Korea said on Wednesday it will extend a review of a request by Google Inc in June for permission to take government mapping data out of the country for use in servers worldwide, with a decision due by Nov. 23. Google, whose corporate parent is Alphabet Inc, has said it needs to put the data on servers worldwide to fully enable mapping services in South Korea. Following a meeting of officials on Wednesday, the government said it needs to make a "cautious decision" on the matter after holding further discussions with Google on issues such as security.


As China e-commerce booms, private equity sees room for growth in storage space
Tue, 23 Aug 2016 23:40:59 -0400

An employee works at a JD.com logistics centre in LangfangBy Elzio Barreto HONG KONG (Reuters) - When U.S. private equity heavyweight Warburg Pincus [WP.UL] started looking at China's logistics sector in late 2009, there were more modern warehouses in Boston than in the whole of the world's most populous country. Deep-pocket investors including Carlyle Group LP, Canada Pension Plan Investment Board (CPPIB) and Warburg Pincus have splashed $12 billion on the sector in China since 2013, says real estate consultancy Jones Lang LaSalle.



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