News highlights – 5 March

Written by on March 6, 2017 in News with 0 Comments

News highlights for 5 March

REUTERS/Tyrone Siu

Uber owns up to using secret tools to avoid authorities

(Reuters) – Ride services company Uber Technologies Inc for years has used a secret tool to avoid authorities in markets where its service faced resistance by law enforcement or was banned, the company confirmed on Friday. Read more…

Turkey’s competition board opens investigation into Google

ANKARA (Reuters) – Turkey’s Competition Board said on Monday it had opened an investigation to determine whether Google had violated the country’s competition law. Read more…

China’s three telecoms giants will endĀ domestic roaming charges this year

BEIJING (Reuters) – China’s three state-owned telecommunications companies plan to eliminate domestic roaming fees and offer pricing incentives to small and mid-sized enterprises, to encourage corporate customers to adopt network technology such as cloud computing. Read more…

Federal Reserve Official warns about issuing digital currencies

NEW HAVEN, Conn. (Reuters) – A top U.S. Federal Reserve official on Friday raised caution about central banks issuing digital currencies as they are vulnerable to cyber attacks and criminal activities along with privacy issues that still need to be addressed. Read more…

Fintech companies in Brazil discuss regulating rapidly growing sector

SAO PAULO (Reuters) – Financial technology firms in Brazil are grouping to discuss with local watchdogs how to regulate the fast-growing sector, in which the number of players has risen roughly six-fold over the past couple of years. Read more…

NBC Universal invested $500 million in Snap

(Reuters) – Comcast Corp’s NBCUniversal has invested $500 million in Snapchat owner Snap Inc, according to a memo on Friday, its latest move aimed at driving digital growth as more viewers go online for their favorite content. Read more…

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