Facebook suspends SCL, Cambridge Analytica for violating policies

(Reuters) - Facebook Inc said on Friday it was suspending consulting firm Strategic Communication Laboratories (SCL) and its political data analytics firm Cambridge Analytica after it found they had violated its policies. FILE PHOTO: A Facebook logo is seen at the Facebook Gather conference in Bruss...

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Former Qualcomm chairman Jacobs to exit board of directors

(Reuters) - Qualcomm Inc (QCOM.O) on Friday said former executive chairman Paul Jacobs would not be renominated for the U.S. semiconductor company’s board after Jacobs disclosed his intention to pursue a long-shot acquisition of the firm. FILE PHOTO: Paul Jacobs, Executive Chairman of Qualcomm...

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Coca-Cola, U.S. State Dept to use blockchain to combat forced labor

NEW YORK (Reuters) - Coca-Cola Co (KO.N) and the U.S. State Department along with two other companies said on Friday they are launching a project using blockchain’s digital ledger technology to create a secure registry for workers that will help fight the use of forced labor worldwide. FI...

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Rocket Internet explores IPO of online shopping group Jumia: sources

FRANKFURT (Reuters) - German start-up investor Rocket Internet is exploring a stock market listing of loss-making African online shopping platform Jumia, people close to the matter said. FILE PHOTO - Rocket Internet CEO Oliver Samwer attends an interview with Reuters in Berlin, Germany, January 10, ...

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Over 100 countries agree to seek digital tax consensus by 2020: OECD

PARIS (Reuters) - Some 110 countries have agreed to work towards forming an international consensus by 2020 on how to tax digital businesses across borders, the Organisation for Economic Cooperation and Development said on Friday. FILE PHOTO: The Google logo is seen at the Young Entrepreneurs fair i...

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U.S. court halts activities of four people in cryptocurrency schemes

WASHINGTON (Reuters) - A federal court has halted the activities and frozen the assets of four people who allegedly promoted schemes falsely promising large returns for small payments of bitcoin and other cryptocurrencies, the Federal Trade Commission said on Friday. The FTC, which requested a tempo...

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Qualcomm discussing Jacobs leaving board of directors: sources

(Reuters) - Qualcomm Inc’s (QCOM.O) board of directors was meeting on Friday to discuss former chairman Paul Jacobs leaving its board after he informed the U.S. semiconductor company he was exploring ways to acquire it, people familiar with the matter said on Friday. FILE PHOTO: Paul Jacobs, E...

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Istanbul taxi drivers go to court to seek shutdown of Uber

ISTANBUL (Reuters) - Istanbul’s taxi drivers have taken Uber to court, accusing the U.S.-based ride-hailing app of endangering their livelihoods in a case that could crimp its business in Europe’s largest city. FILE PHOTO: The Uber logo is seen on mobile telephone in London, Britain, Sep...

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Argentina prepares 4G spectrum auction that could raise $800 million: source

BUENOS AIRES (Reuters) - Argentina is preparing to auction 90 megahertz of 4G spectrum to mobile telephone and internet companies in a process that has already attracted interest from Telecom Argentina SA, Telefonica SA and Claro, a government source told Reuters.

Who Is Afraid of More Spams and Scams?

Security researchers who rely on data included in Web site domain name records to combat spammers and scammers will likely lose access to that information for at least six months starting at the end of May 2018, under a new proposal that seeks to bring the system in line with new European privacy la...

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Who Is Afraid of More Spams and Scams?

Security researchers who rely on data included in Web site domain name records to combat spammers and scammers will likely lose access to that information for at least six months starting at the end of May 2018, under a new proposal that seeks to bring the system in line with new European privacy la...

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JD.com's finance unit aims to raise $1.9 billion, valuation set to double: sources

HONG KONG (Reuters) - JD.com Inc’s finance arm is looking to raise about 12 billion yuan ($1.9 billion) in fresh equity that could see its value double from last year to more than $20 billion, three people with knowledge of the matter said. FILE PHOTO: A logo of JD.com is seen on a helmet of a...

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Bike-sharing companies face an uphill ride in U.S.

SAN FRANCISCO (Reuters) - A bike-sharing craze that has swept China over the past two years is picking up speed in cities across the United States, but with a different spin as tough local regulations rein in the roll-out of dockless bikes. California-based bike sharing startup LimeBike displays its...

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UK city Birmingham wants further details from Uber before license decision

LONDON (Reuters) - Britain’s second city Birmingham is seeking clarity from Uber [UBER.UL] on its business model as it decides whether to renew the taxi app’s license after granting a temporary extension. FILE PHOTO: An Uber taxi is driven away from New Street Railway Station in Birmingh...

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JD.com's finance unit aims to raise $1.9 billion in fresh funding: sources

HONG KONG (Reuters) - JD.com Inc’s finance arm is looking to raise about 12 billion yuan ($1.9 billion) in fresh equity that could see its value double from last year to more than $20 billion, three people with knowledge of the matter said. FILE PHOTO: A logo of JD.com is seen on a helmet of a...

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Trading in Samsung Electronics to be halted April 30-May 3 for stock split

SEOUL (Reuters) - Samsung Electronics said on Friday trading in its shares will be halted for three days between April 30 and May 3 for its planned stock split. FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea South Korea, October 11, 2017. Picture tak...

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Leshi shares plunge after 'white knight' chairman resigns

HONG KONG (Reuters) - Shares in Leshi Internet Information & Technology Corp Beijing slumped 10 percent on Friday after its chairman resigned, fanning fears he would no longer play a white knight role for the embattled firm. FILE PHOTO: Chairman of Sunac China Holdings Ltd. Sun Hongbin speaks du...

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Patch and Update

Many of us feel comfortable with technology, to include how to use it safely and securely. However, other friends or family members may not feel so comfortable. In fact, they may be confused, intimidated, or even scared by it. This makes them very vulnerable to today’s cyber attackers. Cyber s...

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Shares in China's Leshi tumble after 'white knight' chairman resigns

HONG KONG (Reuters) - Shares in Leshi Internet Information & Technology Corp Beijing slumped by their daily limit of 10 percent on Friday after its chairman resigned, fanning fears he would no longer play a white knight role for the embattled firm. FILE PHOTO: Chairman of Sunac China Holdings Lt...

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Toyota, Uber in talks on self-driving tech: Nikkei

TOKYO (Reuters) - Uber Technologies [UBER.UL] is discussing the possibility of installing its self-driving system in Toyota Motor Co vehicles as the U.S. ride-hailing firm seeks to sell its autonomous driving technology to outside companies, the Nikkei reported on Friday. FILE PHOTO: The Toyota logo...

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China depository receipts to be launched soon: Shanghai Securities News

SHANGHAI (Reuters) - China is preparing to launch depository receipts that would open the door to some of the country’s top tech firms issuing a form of shares on the mainland, the state-run Shanghai Securities News said on Friday, citing a senior regulatory official. FILE PHOTO - A sign of Al...

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U.S. tech companies win changes in bill to limit China access to technology

WASHINGTON (Reuters) - Lawmakers pushing legislation aimed at preventing China from acquiring sensitive U.S. technology have proposed relaxing elements of the measure after lobbying by high-tech firms but will tighten another portion, according to a draft revision seen by Reuters. The Google logo is...

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With Qualcomm behind it, Broadcom looks to smaller deals

(Reuters) - Broadcom Ltd’s (AVGO.O) on Thursday said it was likely to pursue smaller acquisitions of chipmakers after its failed hostile takeover bid to acquire rival Qualcomm Inc (QCOM.O) and said that its smart phone chip business would see a drop in demand this quarter from a North American...

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Spotify touts growth over profits in listing pitch to retail investors

LONDON/SAN FRANCISCO (Reuters) - Streaming music leader Spotify used its cultural cool factor to appeal to mom-and-pop investors in an unconventional presentation ahead of its April 3 stock market listing. FILE PHOTO: Headphones are seen in front of a logo of online music streaming service Spotify, ...

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With Qualcomm saga behind it, Broadcom tops estimates

(Reuters) - Broadcom Ltd’s (AVGO.O) quarterly results topped estimates on Thursday on robust demand for its chips from smartphone makers, at a time when investors are closely watching the company’s next moves after its bid for fellow chipmaker Qualcomm was blocked. FILE PHOTO - sign to t...

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Broadcom tops revenue, profit on demand from smartphone makers

(Reuters) - Chipmaker Broadcom Ltd (AVGO.O) on Thursday reported better-than-expected quarterly profit and revenue on strong demand for its chips from smartphone makers. FILE PHOTO - sign to the campus offices of chip maker Broadcom Ltd is shown in Irvine, California, U.S., November 6, 2017. REUTERS...

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Spotify shuns traditional IPO, pitches growth to retail investors

LONDON/SAN FRANCISCO (Reuters) - Streaming music leader Spotify said on Thursday it has a clear path to profit as it spelled out to retail investors its growth plans and how it aims to fend off big rivals Apple Inc (AAPL.O) and Amazon.com Inc (AMZN.O) ahead of an unusual April 3 listing. FILE PHOTO:...

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UK's CMC Markets launches cryptocurrency trading

(Reuters) - Online trading platform CMC Markets Plc said on Thursday it had launched contracts for differences (CFDs) and spreadbetting offerings for cryptocurrencies following significant interest from its users. Bitcoin (virtual currency) coins are seen in an illustration picture taken at La Maiso...

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Spotify says path to profits clear ahead of April 3 listing

LONDON/SAN FRANCISCO (Reuters) - Streaming music leader Spotify said on Thursday it has a clear path to profit as it spelled out to investors its growth plans and how it aims to fend off big rivals Apple Inc (AAPL.O) and Amazon.com Inc (AMZN.O) ahead of an April 3 listing. FILE PHOTO: Headphones are...

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Spotify says path to profits clear ahead of stock market listing

LONDON/SAN FRANCISCO (Reuters) - Streaming music leader Spotify said on Thursday it has a clear path to profit as it prepared to spell out to investors the company’s growth plans and how it aims to fend off major rivals ahead of a stock market listing. FILE PHOTO: Headphones are seen in front ...

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