News highlights for 10 September 2017
REUTERS/Danish Siddiqui
One year of Reliance Jio: How the telco’s launch disrupted India’s telecom landscape
Reliance Jio Infocomm’s launch a year ago has disrupted India’s telecom landscape like never before, with consumers the ultimate winners as prices slumped amid intense competition that put pressure on the existing operators. Read more…
Criticism of Equifax data breach response mounts, shares tumble
(Reuters) – Equifax Inc faced a storm of criticism on Friday over a hack that may have compromised personal data for some 143 million Americans, with consumers clamoring for answers and cyber security experts questioning the response to the massive breach. Read more…
China bitcoin exchanges awaiting clarification on closure report
BEIJING (Reuters) – China’s Bitcoin exchanges said on Saturday they are still awaiting clarification from the authorities on a media report that they will be shut down. Read more…
Best Buy stops sale of Russia-based Kaspersky products
(Reuters) – Best Buy Co, the No.1 U.S. electronics retailer, is pulling Kaspersky Lab’s cyber security products from its shelves and website, amid concerns that the Moscow-based firm may be vulnerable to Russian government influence. Read more…
FBI probing if Uber used software to interfere with rivals: WSJ
(Reuters) – The Federal Bureau of Investigation is probing to see if Uber Technologies Inc had used software to illegally interfere with its competitors, the Wall Street Journal reported on Friday. Read more…
Bitcoin ETF idea still a little funky, experts say
NEW YORK (Reuters) – Demand for exchange-traded funds that would provide exposure to cryptocurrencies like bitcoin is strong, but regulators will likely wait until the underlying market matures more before approving such products, a panel of securities industry experts said on Friday. Read more…
U.S. blockchain startups R3 and Ripple in legal battle
NEW YORK (Reuters) – U.S. blockchain startups R3 Holdco LLC and Ripple Labs Inc are suing each other over an options contract to purchase Ripple’s digital currency XRP, according to lawsuits filed on Friday. Read more…
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