Novogratz's Galaxy Digital hires Goldman VP as COO: Bloomberg

(Reuters) - Former macro hedge fund manager Mike Novogratz's cryptocurrency merchant bank, Galaxy Digital, hired Richard Kim from Goldman Sachs Group Inc as chief operating officer, Bloomberg reported on Monday, citing people with knowledge of the matter.

Facebook CEO says company did not do enough to prevent misuse

WASHINGTON (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg told Congress on Monday that the social media network did not do enough to prevent itself and its members' data being misused over the past few years and offered an apology to lawmakers.

Facebook CEO apologizes, says company did not do enough to prevent misuse

(Reuters) - Facebook Inc Chief Executive Mark Zuckerberg told Congress in written testimony released on Monday that the social media network did not do enough to prevent misuse and apologized.

Uber agrees to buy electric cycle-sharing startup JUMP Bikes

SAN FRANCISCO (Reuters) - Ride-hailing company Uber Technologies Inc [UBER.UL] said on Monday it has agreed to buy electric bicycle service JUMP Bikes, allowing Uber to offer U.S. passengers an alternative to cars and further consolidating the crowded bike-sharing industry.

Samsung C&T mulling raising up to $2.8 bln to buy stake in biopharma affiliate: MBC

SEOUL (Reuters) - Samsung C&T Corp, de facto holding company of Samsung Group, is considering raising up to 3 trillion won ($2.8 billion) to buy a 30 percent stake in sub-subsidiary Samsung Bioepis Co Ltd, a South Korean TV channel reported on Monday.

Alibaba's Jack Ma urges Facebook to fix privacy issues

BOAO, China (Reuters) - Jack Ma, founder of Chinese e-commerce giant Alibaba, on Monday urged Facebook Inc to resolve its data privacy problems, a day before the social media giant's founder, Mark Zuckerberg, was due to appear at U.S. congressional hearings.

Zuckerberg to meet with U.S. lawmakers today: sources

WASHINGTON (Reuters) - Facebook Inc Chief Executive Officer Mark Zuckerberg will hold meetings with some U.S. lawmakers on Monday, a day before he is due to appear at Congressional hearings over a political consultancy's use of customer data, two congressional aides said on Sunday.

Uber has acquired electric bike-sharing startup JUMP Bikes

SAN FRANCISCO (Reuters) - Ride-hailing company Uber Technologies Inc [UBER.UL] said on Monday it has acquired electric bike service JUMP Bikes, in a deal that further consolidates the crowded bike-sharing industry and allows Uber to offer U.S. passengers an alternative to cars.

Rakuten gets government approval for wireless operations

TOKYO (Reuters) - Rakuten Inc said on Monday it won government approval to offer mobile services as the Japanese e-commerce company expands its business into a market dominated by three major carriers.

China's SenseTime valued at $4.5 billion after Alibaba-led funding: sources

HONG KONG (Reuters) - Chinese facial recognition technology developer SenseTime Group Ltd has tripled its worth in less than a year after a funding round, led by Alibaba Group Holding Ltd, valued it at about $4.5 billion, people with knowledge of the matter said.

Xiaomi pushes for smartphone component suppliers to invest in India

MUMBAI (Reuters) - China's Xiaomi said it wants its global smartphone component makers to set up base in India, in what is likely to bring as much as $2.5 billion of investment to the South Asian nation while also creating up to 50,000 jobs.

China's SenseTime valued at $4.5 billion after $600 million funding led by Alibaba: sources

HONG KONG (Reuters) - Chinese facial recognition technology developer SenseTime Group Ltd has closed a $600 million funding round led by Alibaba Group Holding Ltd, bringing its value to around $4.5 billion, two people with knowledge of the matter told Reuters.

Xiaomi says pushing for smartphone component suppliers to invest in India

MUMBAI (Reuters) - China's Xiaomi said it wants its global smartphone component makers to set up base in India, in what could potentially bring as much as $2.5 billion of investment to the South Asian nation and create as many as 50,000 jobs.

China joins HK-U.S. battle for Chinese tech listings

HONG KONG (Reuters) - When Charles Li, chief executive of the Hong Kong Exchange, last year announced plans to help the next wave of Chinese tech giants go public in the city, bankers celebrated.

Tech group urges U.S. to recruit allies to take on China, not tariffs

WASHINGTON (Reuters) - A trade group representing top technology companies on Monday told U.S. Treasury Secretary Steven Mnuchin that it opposes the Trump administration's focus on tariffs to try to change China's unfair trade practices.

Don’t Give Away Historic Details About Yourself

Social media sites are littered with seemingly innocuous little quizzes, games and surveys urging people to reminisce about specific topics, such as “What was your first job,” or “What was your first car?” The problem with participating in these informal surveys is that in do...

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Zuckerberg to meet with U.S. lawmakers Monday: sources

WASHINGTON (Reuters) - Facebook Inc Chief Executive Officer Mark Zuckerberg will hold meetings with some U.S. lawmakers on Monday, a day before he is due to appear at Congressional hearings over a political consultancy's use of customer data, two congressional aides said on Sunday.

Facebook's Zuckerberg to meet with U.S. lawmakers Monday: sources

WASHINGTON (Reuters) - Facebook Inc Chief Executive Officer Mark Zuckerberg will hold meetings with some U.S. lawmakers on Monday, a day before he is due to appear at Congressional hearings over a political consultancy's use of customer data, two congressional aides said on Sunday.

Arizona election database targeted in 2016 by criminals, not Russia: source

WASHINGTON (Reuters) - A hack on an Arizona election database during the 2016 U.S. presidential campaign was carried out by suspected criminal actors and not the Russian government, a senior Trump administration official told Reuters on Sunday.

Adidas to close stores in online push: CEO in Financial Times

FRANKFURT (Reuters) - Adidas expects to close down stores in the coming years as part of a shift towards selling more goods online, its chief executive told a newspaper.

Republican senator says Facebook scandals may be 'too big' for company to fix alone

WASHINGTON (Reuters) - A Republican U.S. senator warned on Sunday that Facebook Inc may need to be regulated to address concerns about the company's privacy and foreign propaganda scandals, saying they may be "too big" for the social media company to solve alone.

Dubai cryptocurrency firm denies Alibaba trademark infringement

DUBAI (Reuters) - A Dubai-based cryptocurrency company called Alibabacoin Foundation has rebuffed allegations of trademark infringement brought against it by the giant Chinese online retailer Alibaba Group Holding in a U.S. lawsuit last week.

Cryptocurrency traders use old gold in drive to draw Islamic investors

DUBAI/SYDNEY (Reuters) - In Dubai's decades-old Gold Souk, customers from around the world haggle over bangles and necklaces. Elsewhere in the emirate, the region's top center for gold trade, bullion is playing a new role in financial engineering.

Iran hit by global cyber attack that left U.S. flag on screens

DUBAI (Reuters) - Hackers have attacked networks in a number of countries including data centres in Iran where they left the image of a U.S. flag on screens along with a warning "Don't mess with our elections", the Iranian IT ministry said on Saturday.

Egyptian court allows Uber and Careem to continue operations

CAIRO (Reuters) - An Egyptian court ruled on Saturday that a judicial decision to suspend the licenses of ride-hailing companies Uber and Careem should not be applied, allowing them to continue their work, judicial sources said.

Philippines regulator orders pushback in Uber's shutdown amid ongoing review

MANILA (Reuters) - The Philippines' anti-trust agency said on Saturday it has ordered Uber Technologies Inc [UBER.UL] to continue domestic operations as it reviews the ride hailing firm's deal to sell its money-losing Southeast Asian business to rival Grab.

India, Pakistan central banks clamp down on crypto-currencies

MUMBAI (Reuters) - India's central bank barred banks on Friday from having any links to virtual currency dealers, slashing the prices of bitcoin and other crypto-currencies on local exchanges.

Facebook suspends Canadian firm AggregateIQ over data scandal

(Reuters) - Facebook Inc said on Friday that it had suspended Canadian political consultancy AggregateIQ from its platform after reports that the data firm may have improperly had access to the personal data of Facebook users.

California proposes new rules for self-driving cars to pick up passengers

SAN FRANCISCO (Reuters) - California's public utility regulator on Friday signaled it would allow self-driving car companies to transport passengers without a backup driver in the vehicle, a step forward for autonomous car developers just as the industry faces heightened scrutiny over safety concern...

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Facebook backs political ad bill, sets limits on 'issue ads'

SAN FRANCISCO/WASHINGTON (Reuters) - Facebook Inc backed for the first time on Friday proposed legislation requiring social media sites to disclose the identities of buyers of online political campaign ads and introduced a new verification process for people buying "issue" ads, which have been used ...

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