Vodafone Qatar says access to network hit by technical issues

DOHA (Reuters) - Vodafone Qatar, an affiliate of Vodafone Group, said on Monday that access to its network was being affected by technical issues. The company is working to resolve the issue, Vodafone Qatar said on its official Twitter account. Several Vodafone customers told Reuters that they were ...

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Internet outage in violence-plagued Somalia is extra headache for businesses

MOGADISHU (Reuters) - A severed marine cable has left Somalia without internet for weeks, triggering losses for businesses, residents said, and adding a layer of chaos in a country where Islamist insurgents are carrying out a campaign of bombings and killings. Abdi Anshuur, Somalia's minister for po...

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French payments group Worldline to buy Digital River World Payments

PARIS (Reuters) - French payments company Worldline has agreed to buy Swedish peer Digital River World Payments as merger activity in the payments sector picks up following this month's takeover of Worldpay. Worldline did not disclose how much it had paid for Digital River World Payments (DRWP), but...

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Uber says will suspend operations in Macau

HONG KONG (Reuters) - Ride-sharing company Uber Technologies Inc said on Monday it will suspend operations in the former Portuguese territory of Macau from July 22 as it could "not secure a business environment" to "unlock the full benefits of ride-sharing". Uber, in its official website, said it wa...

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MidEast ride-hailing firm Careem buys stake in Egyptian transport start-up

DUBAI (Reuters) - Ride-hailing firm Careem, a Middle East rival to Uber Technologies Inc, has bought a minority stake in a three-month-old Egyptian start-up that connects commuters with private buses in Cairo. Dubai-based Careem invested $500,000 in Swvl and Chief Experience Officer and Co-Founder M...

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Global cyber attack could spur $53 billion in losses: Lloyd's of London

(Reuters) - A major, global cyber attack could trigger an average of $53 billion of economic losses, a figure on par with a catastrophic natural disaster such as U.S. Superstorm Sandy in 2012, Lloyd's of London said in a report on Monday. The report, co-written with risk-modeling firm Cyence, examin...

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Porn Spam Botnet Has Evil Twitter Twin

Last month KrebsOnSecurity published research into a large distributed network of apparently compromised systems being used to relay huge blasts of junk email promoting “online dating” programs — affiliate-driven schemes traditionally overrun with automated accounts posing as women...

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Porn Spam Botnet Has Evil Twitter Twin

Last month KrebsOnSecurity published research into a large distributed network of apparently compromised systems being used to relay huge blasts of junk email promoting “online dating” programs — affiliate-driven schemes traditionally overrun with automated accounts posing as women...

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Carlyle to buy airfield lighting group ADB Safegate: sources

LONDON/FRANKFURT (Reuters) - Buyout group Carlyle has agreed to buy airfield lighting group ADB Safegate at a valuation of about 900 million euros ($1 billion) including debt, sources familiar with the matter said. Belgium-based ADB Safegate supplies visual guidance solutions from landing to parking...

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Italy minister says row with Telecom Italia boss is over

ROME (Reuters) - A spat between Rome and Telecom Italia's (TIM) chief executive over the rollout of ultrafast broadband has been resolved, Italian industry minister Carlo Calenda said in an interview published on Saturday. The row had threatened to poison relations between the former state monopoly ...

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GM teams up with Uber to expand Maven program to Australia

SYDNEY (Reuters) - General Motors Co (GM.N) said on Saturday it was testing its car-sharing operation, Maven, in Australia through a pilot program with ride-hailing company Uber Technologies Inc [UBER.UL]. The leasing agreement will allow Uber drivers to rent cars produced by GM's Australian manufac...

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Ashley Madison parent in $11.2 million settlement over data breach

(Reuters) - The owner of the Ashley Madison adultery website said on Friday it has agreed to pay $11.2 million to settle U.S. litigation over a 2015 data breach that exposed personal details of millions of users. Ruby Life Inc, formerly known as Avid Dating Life Inc, denied wrongdoing in agreeing to...

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Sprint chairman engages Warren Buffett for possible investment: WSJ

(Reuters) - Sprint Corp's chairman, Masayoshi Son, has engaged in talks with Berkshire Hathaway Inc's Warren Buffett and media mogul John Malone to discuss a potential investment in the U.S. wireless company, the Wall Street Journal reported on Friday. Son met Buffett and Malone, the chairman of Lib...

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U.S. lawmaker calls for hearing on Amazon's Whole Foods deal

WASHINGTON (Reuters) - U.S. Representative David Cicilline, the top Democrat on the House of Representatives Judiciary Committee's antitrust panel, has urged the subcommittee to hold a hearing on Amazon.com Inc's (AMZN.O) plan to buy Whole Foods Market Inc (WFM.O). The $13.7 billion deal announced i...

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Uber rival Grab raising $2 billion from SoftBank, China's Didi: WSJ

(Reuters) - Grab, Uber Technologies Inc's [UBER.UL] biggest rival in Southeast Asia, is raising as much as $2 billion in funding from Japan's SoftBank Group (9984.T) and China's top ride-hailing firm Didi Chuxing, the Wall Street Journal reported on Friday. The deal, which could close in the ne...

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Sprint launches new leasing options for cost-conscious consumers

NEW YORK (Reuters) - Sprint Corp said on Friday that it was launching new leasing options aimed at price-sensitive customers who want to upgrade their phones more often, the carrier’s latest effort to lure subscribers in an oversaturated market for wireless service.   The No. 4 U.S. wirel...

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AT&T CEO to become executive chair after Time Warner deal: Bloomberg

(Reuters) - AT&T Inc (T.N) is planning a redefined role for Chief Executive Randall Stephenson amid major organizational changes following its $85.4 billion acquisition of Time Warner Inc (TWX.N), Bloomberg reported. Stephenson will become executive chairman, overseeing a pair of chief executive...

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U.S. government crackdown threatens Kaspersky’s American dream

(Reuters) - Eugene Kaspersky, the CEO of the Russian cybersecurity software firm that bears his name, had a big American dream. He wanted his company to go beyond selling anti-virus software to consumers and small businesses and become a major vendor to the U.S. government - one of the world's bigge...

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Australia to compel technology firms to provide access to encrypted missives

SYDNEY (Reuters) - Australia on Friday proposed new laws to compel companies such as U.S. social media giant Facebook (FB.O) and device manufacturer Apple (AAPL.O) to provide security agencies access to encrypted messages. The measures will be the first in an expected wave of global legislation as p...

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High-speed Hyperloop project ready for key test in Nevada

(Reuters) - Engineers will soon conduct a crucial test of a futuristic technology championed by entrepreneur Elon Musk that seeks to revolutionize transportation by sending passengers and cargo packed into pods through an intercity system of vacuum tubes. Hyperloop One, the Los-Angeles-based company...

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