German opposition calls for abolition of online hate speech law

BERLIN (Reuters) - Germany’s opposition parties on Sunday called for the abolition of a new law that aims to rid social media of hate speech, saying it was wrong for private companies to be making decisions about whether posts are unlawful. The legislation, which came into force on Jan. 1, can...

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U.S. company plans funds that double bitcoin price moves

NEW YORK (Reuters) - U.S. fund managers are ramping up efforts to tap into the fever surrounding digital assets, and the latest planned bitcoin products could deliver some head-turning and stomach-churning price movements if they come to market. The new idea is to build “leveraged” and &...

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CES kicks off with no lead women speakers or code of conduct

SAN FRANCISCO (Reuters) - The technology industry’s premier annual gathering kicks off next week with no women leading the keynote sessions and no code of conduct that might prevent incidents of sexual harassment, despite efforts by organizers to cast the show as a more inclusive event. CES, t...

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Twitter says world leaders like Trump have special status

SAN FRANCISCO (Reuters) - Twitter Inc on Friday reiterated its stance that accounts belonging to world leaders have special status on the social media network, pushing back against users who have called on the company to banish U.S. President Donald Trump. “Blocking a world leader from Twitter...

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Twitter again says it will not remove world leaders like Trump

SAN FRANCISCO (Reuters) - Twitter Inc on Friday reiterated its stance that accounts belonging to world leaders have special status on the social media network, pushing back against users who have called on the company to banish U.S. President Donald Trump. “Blocking a world leader from Twitter...

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Internet Association to join expected net neutrality lawsuit

WASHINGTON (Reuters) - The Internet Association, a trade group representing companies such as Google parent Alphabet Inc (GOOGL.O) and Facebook Inc (FB.O), said on Friday it intends to join an expected lawsuit against a decision to roll back net neutrality rules. Several states including New York, a...

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Indonesia's new cyber agency looks to recruit staff of hundreds

JAKARTA (Reuters) - Indonesia’s recently established cyber security agency will recruit hundreds of personnel in the coming months, its chief said on Friday. The agency has been set up amid rising concern over online misinformation and hoaxes ahead of simultaneous local elections set to take p...

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Intel says performance impact of security updates not significant

(Reuters) - Intel Corp (INTC.O) said fixes for security issues in its microchips would not slow down computers, rebuffing concerns that the flaws found in microprocessors would significantly reduce performance. The performance impact of the recent security updates should not be significant and will ...

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Consumer loan securitization boom put on hold as China clamps down on leverage

BEIJING (Reuters) - A boom in asset-backed securities issued by micro-lenders aiming to expand in China’s fast-growing online credit market looks set to slow this year amid growing regulatory scrutiny. Micro-lenders have raised billions of dollars packaging consumer loans into securities for s...

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Code crackdown: China payments restrictions to hit profits

BEIJING (Reuters) - A decision by China’s central bank to rein in reserve funds held by payment firms could cost the industry upwards of $689 million a year, spur consolidation and alter the way Asia’s biggest tech firms move money. Mobile payments using in-app QR or bar-codes have becom...

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Google eyes Chinese e-sports market with $120 million investment in Chushou

BEIJING (Reuters) - Alphabet Inc’s (GOOGL.O) Google has led a $120 million investment in Chinese live-stream mobile game platform Chushou, the two companies said on Friday, as the U.S. firm eyes new inroads to China where its search engine is blocked. Founded in 2015, Chushou is an online e-sp...

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Uber ex-CEO Kalanick selling nearly a third of stake for $1.4 billion: source

(Reuters) - Uber Technologies Inc co-founder Travis Kalanick, who was ousted as chief executive in June, is selling nearly a third of his 10 percent stake in the ride-services company for about $1.4 billion, a person familiar with the matter said on Thursday. Kalanick’s sale is part of a deal ...

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Uber ex-CEO Kalanick plans to sell 29 percent of stake: source

(Reuters) - Uber Technologies Inc [UBER.UL] co-founder Travis Kalanick, who was ousted as chief executive in June, will sell nearly a third of his shares in the ride-services company for about $1.4 billion, a person familiar with the matter said on Thursday. Kalanick’s sale is part of a deal w...

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GoPro cuts 200-300 jobs in aerial products unit: TechCrunch

(Reuters) - Action camera maker GoPro Inc (GPRO.O) is cutting about 200 to 300 jobs in its aerial products division this week, technology news website TechCrunch reported on Thursday. The job cuts are part of a bigger restructuring in the company, TechCrunch reported, citing a letter sent to impacte...

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Apple to issue fix for iPhones, Macs at risk from 'Spectre' chip flaw

(Reuters) - Apple Inc (AAPL.O) will release a patch for the Safari web browser on its iPhones, iPads and Macs within days, it said on Thursday, after major chipmakers disclosed flaws that leave nearly every modern computing device vulnerable to hackers. On Wednesday, Alphabet Inc’s (GOOGL.O) G...

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Samsung Elec on track for record fourth quarter earnings

SEOUL (Reuters) - Samsung Electronics Co Ltd (005930.KS) is expected on Tuesday to forecast a record quarterly profit in the fourth quarter, as a world hungry for processing power and high-tech smartphones snaps up its semiconductors and screens. While a stronger won and falling NAND chip prices cou...

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Intel shares fall as investors worry about costs of chip flaw

(Reuters. - Intel Corp shares fell nearly 2 percent on Thursday as investors worried about the potential financial liability and reputational hit from recently disclosed security flaws in its widely used microprocessors. The largest chipmaker had confirmed on Wednesday that flaws reported by researc...

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Spotify reaches 70 million subscribers

(Reuters) - Music streaming service Spotify, which filed confidentially with U.S. regulators for an initial public offering on Wednesday, has 70 million subscribers, it said in a tweet on Thursday. Spotify, valued at as much as $19 billion last year, is targeting a direct listing in the first half o...

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CEO Zuckerberg sets 2018 goal: 'fix' Facebook

SAN FRANCISCO (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg said on Thursday his goal for 2018 was to put the business he co-founded on a more solid footing, a break with his longstanding practice of setting a purely personal annual goal. “The world feels anxious and divided, and Fa...

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Zuckerberg's 2018 personal challenge focuses on Facebook

(Reuters) - Protecting users of the social network from abuse and hate and defending it from nation state interference are part of Facebook Inc Chief Executive Mark Zuckerberg’s 2018 personal challenge. Zuckerberg visited every U.S. state, ran 365 miles and learned Mandarin since he first star...

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U.S. derivatives regulator announces meetings to review futures based on cryptocurrencies

WASHINGTON (Reuters) - The leading U.S. derivatives regulator announced Thursday it would be holding a pair of meetings to review the process for allowing futures based on cryptocurrencies to come to market. The late January meetings to be held by the Commodity Futures Trading Commission comes after...

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How a researcher hacked his own computer and found worst chip flaw

(Please note strong language in paragraph 13) By Douglas Busvine FRANKFURT (Reuters) - Daniel Gruss didn’t sleep much the night he hacked his own computer and exposed a flaw in most of the chips made in the past two decades by hardware giant Intel Corp (INTC.O). The 31-year-old information sec...

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SEC warns bitcoin, cryptocurrency investors at risk

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission warned Thursday that investors should “exercise caution” with cryptocurrencies like bitcoin, noting state and federal regulators may not be able to recoup any lost investments from illegal actors. Many promoters of initia...

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Intel extends losses as worries over chip security linger

(Reuters) - Intel Corp (INTC.O) shares fell as much as 5 percent on Thursday, marking their biggest one-day drop in more than a year, a day after a report said mobiles and computers using its chips were vulnerable to being hacked. Intel’s shares were trading at $43.16 in heavy early morning tr...

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Israel proposes ban on trading shares of cryptocurrency companies

JERUSALEM (Reuters) - Israel may ban from trading on the Tel Aviv Stock Exchange companies whose main business revolves around bitcoin and other cryptocurrencies, the Israel Securities Authority (ISA), the country’s markets regulator, said on Thursday. The regulator has proposed an amendment t...

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India probes report on breach of national identity database

NEW DELHI (Reuters) - India on Thursday began investigating a report that access to its database of the identity details of more than 1 billion citizens was being sold for just $8 on social media, in what could be one of the giant program’s biggest security breaches. The Tribune newspaper said...

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Tesla falls on Model 3 production delay, but analysts upbeat

(Reuters) - Tesla Inc (TSLA.O) shares fell 3.5 percent in premarket trading on Thursday, setting the company up to lose nearly $1.9 billion in market value after it pushed back a production target for its much-anticipated Model 3 sedan yet again. Analysts, however, stayed upbeat, saying the electric...

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As drone demand soars, New Jersey poised to bar drunken droning

NEW YORK (Reuters) - U.S. drone sales in 2017 topped $1 billion for the first time ever, but don’t raise a glass too quickly if you’re in New Jersey, where lawmakers on Thursday are poised to outlaw drunken droning. It is one of a wave of U.S. states moving to bring the unmanned aircraft...

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AT&T to launch 5G in U.S. by late 2018

(Reuters) - AT&T Inc, the No. 2 U.S. wireless carrier, said it would launch fifth-generation (5G) mobile network service in a dozen cities in the United States by late 2018, after international wireless standards for the network were finalised last month. The 5G technology is expected to provide...

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Security flaws put virtually all phones, computers at risk

FRANKFURT/SAN FRANCISCO (Reuters) - Security researchers on Wednesday disclosed a set of security flaws that they said could let hackers steal sensitive information from nearly every modern computing device containing chips from Intel Corp (INTC.O), Advanced Micro Devices Inc (AMD.O) and ARM Holding...

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