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LONDON (Reuters) – Additional rules may be needed to monitor growth in Big Data, or collection of high volumes of information, which could pose security, privacy and accountability risks, European Union regulators said on Monday. Entire business sectors are being reshaped by building on data analytics and Big Data has the capability to transform the […]
NEW YORK (Reuters) – A small, but rapidly growing number of digital technology start-ups is raising cash by creating and selling their own currencies in offerings bypassing banks or venture capital firms as intermediaries and are outside the reach of financial regulators. Investors are being drawn in on hopes that such “initial coin offerings” will […]
News highlights for 18 December Nokia bags 110 deals for 4.5G roll out in India NEW DELHI: Finnish telecom gear maker Nokia said that it has bagged contracts for the rollout of 4.5G networks with 110 service providers globally, according to reports. Read more… Yahoo security problems a story of too little, too late SAN FRANCISCO/BOSTON/WASHINGTON (Reuters) […]
LONDON (Reuters) – Britain’s intelligence agencies need to do more to help regulators to protect the financial services industry from cyber crime, the head of an influential parliamentary committee said on Monday. Andrew Tyrie, a lawmaker in the ruling Conservative Party, said parliament’s Treasury Committee was concerned about the “opaque lines of accountability”, particularly between […]
DUBLIN (Reuters) – Ireland accused the European Commission on Monday of exceeding its powers and interfering with the EU member’s national sovereignty over tax affairs in ruling that Apple owes Dublin billions of euros in taxes, saying it had failed to give proper reasons for its decision. In September the Irish government agreed to join […]
News highlights for 15 December Facebook to roll out new tools to tackle fake news WASHINGTON (Reuters) – Facebook Inc said on Thursday it will introduce tools to prevent fake news stories from spreading on its platform, an about-face in response to rising criticism that it did not do enough to combat the problem during […]
TOKYO (Reuters) – A wave of start-ups is emerging in famously risk-averse Japan as cash-rich corporations increasingly delegate the task of keeping pace with technologies such as artificial intelligence and robotics to smaller, nimbler businesses. Japan has been dry ground for start-ups, given the shame that entrepreneurs and investors associate with failure, but it is […]
NEW YORK (Reuters) – Yahoo Inc came under renewed scrutiny by federal investigators and lawmakers on Thursday after disclosing the largest known data breach in history, prompting Verizon Communications Inc to demand better terms for its planned purchase of Yahoo’s internet business. Shares of the Sunnyvale, California-based internet pioneer fell more than 6 percent after […]
SYDNEY (Reuters) – More than 60 websites devoted to helping people illegally download films and television shows will be blocked in Australia, the country’s Federal Court ruled on Thursday, in a landmark victory for content providers. News Corp’s local cable TV company Foxtel and cinema owner Village Roadshow Ltd won the case, which requires internet service […]
News highlights for 14 December Amazon launches Prime Video globally, leaves out China (Reuters) – Amazon.com Inc launched its video-streaming service, Prime Video, in nearly every country except China on Wednesday, in its biggest challenge yet to Netflix Inc. Read more… Shippers, online retailers seek way around rising delivery costs ADDISON, Ill. (Reuters) – In […]
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