China to implement cyber security law from Thursday

SHANGHAI (Reuters) - China, battling increased threats from cyber-terrorism and hacking, will adopt from Thursday a controversial law that mandates strict data surveillance and storage for firms working in the country, the official Xinhua news agency said.

Samsung Elec considers adding capacity at China chip plant

SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd said on Monday it is considering adding memory chip production capacity at its manufacturing base in China amid an industry-wide boom that will likely fuel record sales for memory suppliers.

UK looking to increase pressure on internet firms over extremist material: minister

LONDON (Reuters) - Britain is looking at range of options to put pressure on internet companies to do more to take down extremist material, Security Minister Ben Wallace said on Sunday.

British Airways suffers flight delays after global IT outage

LONDON (Reuters) - British Airways flights in Britain were being delayed and passengers were suffering long waits at airports on Saturday because of a global system outage, the airline said.

Yahoo hacking suspect appeals denial of bail in Canada

TORONTO (Reuters) - A Canadian suspected of involvement in a massive 2014 breach of Yahoo email accounts linked to Russia is appealing a decision to hold him in custody pending an extradition hearing, the man's lawyer said on Friday.

Acquisitions accelerate as tech giants seek to build AI smarts

SAN FRANCISCO (Reuters) - A total of 34 artificial intelligence startups were acquired in the first quarter of this year, more than twice the amount of activity in the year-ago quarter, according to the research firm CB Insights.

Chipotle probe finds hackers stole payment card info in data breach

(Reuters) - Chipotle Mexican Grill Inc said on Friday hackers used malware to access customers' card data, including its number, expiration date and internal verification codes, from payment systems at some of its restaurants between March 24 and April 18.

Vodafone's M-pesa money service to expand further into Africa: CEO

NAIROBI (Reuters) - Vodafone's popular mobile financial services M-Pesa will expand into more African countries, giving millions of people access to banking services without the need for a bank account, the chief executive of Safaricom said.

Italian court overturns Uber ban

ROME (Reuters) - A Rome court annulled a short-lived ban on ride-hailing app Uber on Friday in the latest twist to a battle between the San Francisco-based multinational and Italy's traditional taxi cabs.

Major U.S. tech firms press Congress for internet surveillance reforms

WASHINGTON (Reuters) - Facebook, Amazon and more than two dozen other U.S. technology companies pressed Congress on Friday to make changes to a broad internet surveillance law, saying they were necessary to improve privacy protections and increase government transparency.

China's Dahua Tech plans up to $1 billion Hong Kong share sale: sources

HONG KONG (Reuters) - China's Zhejiang Dahua Technology Co Ltd , a maker of security products, is planning to raise as much as $1 billion through a share offering in Hong Kong, three people with direct knowledge of the move told Reuters.

China LeEco's sports unit says valued at $3.5 billion after new funding round

BEIJING/SHANGHAI (Reuters) - Chinese tech conglomerate LeEco's sports unit said it completed a new round of funding that valued it at 24 billion yuan ($3.50 billion) and that its investors will form a new committee to supervise its finances.

Japan, South Korea drive global bitcoin prices as retail investor pile in

HONG KONG (Reuters) - Japanese and South Korean buying helped drive the price of bitcoin to an all-time high this week, with the digital currency more than doubling its value since the start of the year, analysts and market practitioners said on Friday.

Trump’s Dumps: ‘Making Dumps Great Again’

It’s not uncommon for crooks who peddle stolen credit cards to seize on iconic American figures of wealth and power in the digital advertisements for their shops that run incessantly on various cybercrime forums. Exhibit A: McDumpals, a hugely popular carding site that borrows the Ronald ...

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Trump’s Dumps: ‘Making Dumps Great Again’

It’s not uncommon for crooks who peddle stolen credit cards to seize on iconic American figures of wealth and power in the digital advertisements for their shops that run incessantly on various cybercrime forums. Exhibit A: McDumpals, a hugely popular carding site that borrows the Ronald ...

Continue reading

Samsung Electronics to set up fund to help suppliers amid Moon's reform push

SEOUL (Reuters) - Samsung Electronics Co Ltd said it would set up a 500 billion won ($445 million) fund to help small suppliers, the highest-profile South Korean firm to unveil steps in the wake of new President Moon Jae-in's call to protect small businesses.

China police arrest 44 in $140 million online scam

SHANGHAI (Reuters) - China's police have arrested 44 people over a scam which saw many as 93,000 people contribute start-up capital to "unfreeze" assets smuggled overseas when the Nationalist government was overthrown in 1949, police authorities said late on Thursday.

Billionaire Slim eyeing electric taxi to reduce pollution in Mexico City

MEXICO CITY (Reuters) - Giant Motors, an automaker partially owned by Mexican billionaire Carlos Slim, is working on a prototype electric taxi to replace the gas-guzzling cabs polluting Mexico City's air, a company executive said.

Britain's May asks G7 to back moves to tackle internet extremism

BRUSSELS (Reuters) - British Prime Minister Theresa May will urge the world's major industrialized nations on Friday to unite to force technology companies to tackle "extremist material" and stop militants who are moving their fight "from the battlefield to the internet".

GameStop posts first sales increase in five quarters

(Reuters) - GameStop Corp, the world's largest retailer of video games, reported its first increase in sales in five quarters, as robust demand for the Nintendo Switch gaming console helped offset weak video game sales.