Security News

October 18, 2019

Facebook’s Libra cryptocurrency should be prevented: German finance minister

This post was originally published on this siteGerman Finance Minister Olaf Scholz on Friday redoubled his criticism of Facebook’s plans to launch its Libra cryptocurrency, and said creation of a new world currency should be prevented.
October 18, 2019

FTC official says data collection allows Big Tech to hurt competition

This post was originally published on this siteVast troves of consumer data collected by big technology companies allow them to gain a competitive edge and pose a threat to competition, Federal Trade Commission’s Rohit Chopra said on Friday.
October 18, 2019

‘Stablecoins’ could hinder efforts to stamp out money laundering: global watchdog

This post was originally published on this siteThe spread of cryptocurrencies such as Facebook’s Libra could have serious repercussions for worldwide efforts to detect and stamp out money laundering and terror financing, a global watchdog on illicit finance said on Friday.
October 18, 2019

Gun with a chip: U.S. Army contracts may lead to a smarter firearm

This post was originally published on this siteA carbine that can call in an airstrike. A computer-aided scope on a machine gun that can turn just about anyone into a marksman.Even firearms that measure and record every movement, from the angle of the barrel to the precise moment of each shot fired, which could provide law enforcement with a digital record of police shootings.
October 18, 2019

Snakes and ladders: SoftBank Vision Fund’s climbing, sliding valuations

This post was originally published on this siteThe $100 billion Vision Fund of Japan’s SoftBank Group Corp has in just over two years burned through much of its capital investing in money-losing, late-stage tech startups in areas as varied as autonomous driving, healthcare and finance.
October 18, 2019

Indonesia issues rules to block illegally imported mobile phones

This post was originally published on this siteIndonesia has issued regulations to allow authorities to block smartphones purchased on the black market, in a bid to encourage investors to produce mobile phones in the country, a minister said on Friday.
October 18, 2019

Apple’s Cook meets China regulator after pulling Hong Kong app

This post was originally published on this siteApple Inc CEO Tim Cook met the chief of China’s market regulator in Beijing on Thursday, the Chinese agency said, a week after the U.S. firm was thrust into the midst of political tensions between the mainland and protesters in Hong Kong.
October 17, 2019

China market regulator chief met with Apple CEO Tim Cook

This post was originally published on this siteChina’s market regulator chief Xiao Yaqing met with Apple Inc’s Chief Executive Tim Cook in Beijing on Thursday, the regulator said on Friday.
October 17, 2019

Lebanon scraps WhatsApp fee amid violent protests

This post was originally published on this siteDemonstrators and police clashed in Lebanon on Thursday as thousands of people rallied against the government’s handling of an economic crisis, in one of the biggest protests the country has seen in years.
October 17, 2019

Two killed in Lebanon fire near Beirut protests: report

This post was originally published on this siteTwo foreign workers in Lebanon choked to death from a fire that spread to a building near major protests in the capital, Beirut, state news agency NNA said on Friday.
October 17, 2019

AT&T, Elliott in talks after activist campaign launched: sources

This post was originally published on this siteAT&T and Elliott Management are talking about issues the activist hedge fund raised last month when it pushed for change at the U.S. telecommunications and media conglomerate, two people familiar with the matter said on Thursday.
October 17, 2019

Martin Luther King’s daughter tells Facebook disinformation helped kill civil rights leader

This post was originally published on this siteDisinformation campaigns helped lead to the assassination of Martin Luther King, the daughter of the U.S. civil rights champion said on Thursday after the head of Facebook said social media should not factcheck political advertisements.
October 17, 2019

Facebook’s Libra cryptocurrency faces new hurdle from G7 nations

This post was originally published on this siteFacebook’s plans to launch its Libra cryptocurrency faced a new hurdle on Thursday when the Group of Seven wealthy nations said such “stablecoins” should not be allowed to launch until the profound international risks they pose are addressed.
October 17, 2019

Zuckerberg defends Facebook’s approach to free speech, draws line on China

This post was originally published on this siteFacebook Inc Chief Executive Mark Zuckerberg on Thursday defended the social media company’s light regulation of speech and lack of fact checking on political advertising, while citing China’s censorship as a roadblock to operating in the country.
October 17, 2019

Thousands protest across Lebanon over dire economy, proposed WhatsApp fee withdrawn

This post was originally published on this siteThousands of people demonstrated in Beirut on Thursday against the government’s management of a dire economy in one of Lebanon’s biggest protests in years, leading the Cabinet to pull a proposed new levy on WhatsApp calls.
October 17, 2019

Facebook’s Zuckerberg criticizes TikTok for censoring protesters

This post was originally published on this siteFacebook Inc Chief Executive Mark Zuckerberg on Thursday attacked the rapidly growing Chinese short-video app, saying it censored political protest, including in the United States.
October 17, 2019

Facebook’s Zuckerberg hits pause on China, defends political ads policy

This post was originally published on this siteFacebook Inc Chief Executive Mark Zuckerberg on Thursday defended the social media company’s political advertising policies and said it was unable to overcome China’s strict censorship, attempting to position his company as a defender of free speech.
October 17, 2019

Accel leads $77 million funding round for fintech firm Galileo

This post was originally published on this siteGalileo Financial Technologies, a company whose technology handles back-office functions for payment industry startups, said on Thursday it raised $77 million in a series A funding round led by Silicon Valley venture capital firm Accel, one of the early investors in Facebook.
October 17, 2019

Facebook’s Zuckerberg says company considered banning political ads

This post was originally published on this siteFacebook Chief Executive Mark Zuckerberg said in a speech on Thursday that the social media company had considered banning all political advertising but decided against it, erring on the side of greater expression.
October 17, 2019

NTSB to determine probable cause of fatal Uber self-driving crash

This post was originally published on this siteThe U.S. National Transportation Safety Board (NTSB) will hold a Nov. 19 hearing to determine the probable cause of a March 2018 Uber Technologies Inc self-driving vehicle crash that killed a pedestrian in Arizona.
October 17, 2019

Lebanon proposes charges for WhatsApp calls

This post was originally published on this siteLebanon’s cabinet has agreed to impose a fee on calls over WhatsApp and other similar applications, as part of efforts to raise revenues in the country’s 2020 draft budget, a minister said on Thursday.
October 17, 2019

Fitbit in healthcare partnership to take on Apple Watch

This post was originally published on this siteFitbit Inc is developing a method to detect irregular heart rhythm in time through a partnership with Bristol-Myers Squibb-Pfizer Alliance, as the wearable device maker looks to match a feature available on rival Apple Inc’s Watch.
October 17, 2019

Startup headed by ex-Apple engineer aims to eliminate smartphone buttons

This post was originally published on this siteSentons, a startup led by chip industry veterans, on Thursday began marketing technology that aims to do away with gadget buttons and said it is working with two smartphone makers in addition to an existing contract with Asus Computer Inc.
October 17, 2019

Ford partners with Volkswagen, Amazon to build charging network for cars

This post was originally published on this siteFord Motor Co said on Thursday it was teaming up with Volkswagen AG and Amazon.com to give its future electric car customers a range of charging options from highways to homes.
October 17, 2019

Lebanon plans to charge for WhatsApp calls: minister

This post was originally published on this siteLebanon’s cabinet has agreed to impose a fee on calls over WhatsApp and other similar applications, as part of efforts to raise revenues in the country’s 2020 draft budget, a minister said on Thursday.