News highlights – 30 October

Written by on October 31, 2016 in News with 0 Comments

News highlights for 30 October

REUTERS/Dado Ruvic/Illustration

REUTERS/Dado Ruvic/Illustration

Social media companies warned over privacy, sharing data with parent companies

BRUSSELS (Reuters) – European privacy watchdogs warned WhatsApp on Friday over sharing user information with parent company Facebook, and cautioned Yahoo over a 2014 data breach and scanning of customer emails for U.S. intelligence purposes. Read more…

Safety rules set to thwart early riches from self driving cars

DETROIT/SAN FRANCISCO (Reuters) – San Francisco entrepreneur George Hotz was so confident in his self-driving startup Comma.ai that he had T-shirts made that boldly proclaimed: “We are gonna be so rich.” But U.S. federal highway safety officials this week forced Hotz to slam on the brakes, veering into a sudden detour, on the road to those promised riches. Read more…

Uber faces employment law hurdles, drivers should not be self employed

(Reuters) – Uber should no longer treat its drivers as self-employed, a British tribunal ruled on Friday, in a decision that threatens the taxi app’s business model by forcing it to pay the minimum wage and offer holiday entitlement. Read more…

Sony cuts outlook after sale of battery business

TOKYO (Reuters) – Sony Corp said on Monday it was cutting its annual profit outlook due to impairment losses related to the sale of its battery business to Murata Manufacturing Co. Read more…

New York’s bitcoin hub dream on hold as licensing process stalls

NEW YORK (Reuters) – New York’s financial regulator had sights set on becoming a global hub for innovations like bitcoin when it adopted trailblazing virtual currency rules last year. But the state lost that momentum when the agency’s chief left, putting a licensing process in limbo and allowing rivals to catch up. Read more…

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