News highlights – 8 March

Written by on March 9, 2017 in News with 0 Comments

News highlights for 8 March

REUTERS/Tim Wimborne

Privacy wars – Republicans want to repeal Obama scrutiny rules

WASHINGTON (Reuters) – Republicans in the U.S. Congress are moving to repeal regulations adopted by the Obama administration in October that would have subjected internet service providers to stricter scrutiny than websites to protect customers’ private data. Read more…

China opposes US domestic sanction laws

HONG KONG (Reuters) – China’s Ministry of Commerce (MOFCOM) said on Thursday it is opposed to the United States sanctioning Chinese firms under its domestic laws, and that it hoped that country would handle ZTE Corp’s $892 million settlement case “appropriately”. Read more…

Sign of the times – former telco CEO bets on OTT video

NEW YORK (Reuters) – The founder of former telecommunications company Global Crossing Inc, Gary Winnick, has acquired a majority stake in live streaming concert service Qello – the first step in creating a new company and technology platform to capitalize on the surge in online TV consumption, Winnick told Reuters. Read more…

Trial of the century – Samsung CEO pleads not guilty, at all

SEOUL (Reuters) – The head of South Korea’s Samsung Group, Jay Y. Lee, denies all charges against him, his lawyer said on Thursday, at the start of what the special prosecutor said could be the “trial of the century” amid a political scandal that has rocked the country. Read more…

GV backs cross border payments provider

NEW YORK (Reuters) – Alphabet Inc’s venture arm has invested in Currencycloud, a UK startup that provides technology to enable businesses to provide cross-border payments services to their customers. Read more…

Head of Uber AI Labs steps down

(Reuters) – Uber Technologies Inc’s Gary Marcus said he is stepping down from his post as head of AI Labs, four months after the unit was created. Marcus, head of the recently launched unit, said in a Facebook post on Wednesday that he is stepping down and will serve as a special advisor. Read more…

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