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Singles Day posts record sales but overall growth slows

Singles Day posts record sales but overall growth slows

Written by on November 13, 2016 in News with 0 Comments

SHENZHEN, China (Reuters) – Alibaba Group Holding Ltd Singles Day festival posted a record 120.7 billion yuan ($17.73 billion) worth of sales on Friday, though the gala shopping day saw growth slow as Chinese shoppers searched for deeper discounts and lower pricetags. Amid fanfare and celebrity razzmatazz, sales on Alibaba’s platforms had raced to a […]

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News highlights – 11 November

News highlights – 11 November

Written by on November 11, 2016 in News with 0 Comments

News highlights for 11 November Snap’s Spectacles make their debut in wacky vending machine SAN FRANCISCO (Reuters) – Snap Inc on Thursday debuted its video-camera sunglasses in its usual quirky style, setting up a big yellow vending machine on a beach boardwalk where fans could plop down $130 for the “Spectacles” glasses.¬†According to postings on […]

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Tesco Bank mass hacking a threat to national security says government

Tesco Bank mass hacking a threat to national security says government

Written by on November 11, 2016 in News with 0 Comments

LONDON (Reuters) – The theft of money from accounts at Tesco Bank is a threat to national security and undermines public trust in financial firms, Britain’s interior minister Amber Rudd said on Thursday. Retailer Tesco’s banking arm said this week that 2.5 million pounds ($3.1 million) was stolen from a total of 9,000 customers last […]

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Tata Sons boardroom battle escalates as accusations fly

Tata Sons boardroom battle escalates as accusations fly

Written by on November 11, 2016 in News with 0 Comments

MUMBAI (Reuters) – Tata Sons, holding firm of India’s $100-billion salt-to-software Tata conglomerate, launched a broadside on Thursday against its ousted chairman Cyrus Mistry, criticizing his performance and removing him as head of the group’s flagship business. In a nine-page statement, Tata accused Mistry of trying to take control of one of Tata’s units and […]

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Hyperloop One aims to raise hundreds of millions of dollars

Hyperloop One aims to raise hundreds of millions of dollars

Written by on November 11, 2016 in News with 0 Comments

LISBON (Reuters) –¬†Hyperloop One, which is developing a futuristic high-speed transport system, aims to raise hundreds of millions of dollars of fresh capital next year after a first full-scale test that could secure firm orders from clients, its founders said. The founders of Hyperloop One, which uses magnets to levitate pods inside huge airless tubes […]

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News highlights – 10 November

News highlights – 10 November

Written by on November 10, 2016 in News with 0 Comments

News highlights for 10 November Twitter adds to its woes as COO explores other opportunities SAN FRANCISCO (Reuters) – Twitter Inc said on Wednesday that Chief Operating Officer Adam Bain, widely credited with building a robust advertising business at the company even as it struggled with user growth, is leaving to explore other opportunities. Read […]

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Singles Day is great for e-commerce, but not for packaging industry

Singles Day is great for e-commerce, but not for packaging industry

Written by on November 10, 2016 in News with 0 Comments

SHANGHAI (Reuters) – Chinese packaging makers are bracing themselves for Singles’ Day on Friday, stocking up on cardboard and taking on staff ahead of an online shopping bonanza that shifts more goods than Black Friday and Cyber Monday in the United States combined. Sun Jingyun, owner of Kunshan Jiaze Packaging in eastern Jiangsu, has added […]

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Trump election strikes fear in hearts of tech and civil liberties quarters

Trump election strikes fear in hearts of tech and civil liberties quarters

Written by on November 10, 2016 in News with 0 Comments

WASHINGTON/SAN FRANCISCO (Reuters) – Donald Trump’s surprise election victory has alarmed technology companies and civil libertarians fearful that a self-described ‘law and order’ president will attempt to expand surveillance programs and rejoin a long-running battle over government access to encrypted information. Trump’s campaign featured numerous broadsides against the tech sector, including calls for closing off […]

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Privacy at the top of the agenda for Telefonica’s Dirks

Privacy at the top of the agenda for Telefonica’s Dirks

Written by on November 9, 2016 in News with 0 Comments

BERLIN (Reuters) – Telefonica Deutschland’s O2 chief executive, Thorsten Dirks, called for a debate about data privacy in Germany and said he was looking into ways to monetise customer data. “We need to have a wide discussion about data in Germany,” Dirks told journalists late on Tuesday. Data privacy is a sensitive issue in Germany […]

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News highlight – 8 November

News highlight – 8 November

Written by on November 9, 2016 in News with 0 Comments

News highlights for 8 November San Francisco set back for AirBnB could have far reaching consequences SAN FRANCISCO (Reuters) – A U.S. judge on Tuesday rejected Airbnb’s request to block a San Francisco ordinance that forbids the home-rental company from taking bookings from hosts who have not registered their home with the city. Read more… […]

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