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July 13, 2020
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Reuters - Business

Trump administration proposes rolling back protections for big tech

Reuters
WASHINGTON (Reuters) – The U.S. Justice Department proposed on Wednesday that Congress take up legislation to curb protections big tech platforms like Alphabet’s Google and Facebook have had for decades, a senior official said, following through on President Donald Trump’s bid to crack down on tech giants. FILE PHOTO: Facebook,......
Reuters - Business

U.S. government proposes rolling back protections for big tech

Reuters
WASHINGTON (Reuters) – The U.S. Justice Department proposed on Wednesday that Congress take up legislation to curb protections big tech platforms like Alphabet’s Google and Facebook have had for decades, a senior official said, following through on U.S. President Donald Trump’s bid to crack down on tech giants. FILE PHOTO:......
Reuters - Business

U.S. Justice Department to propose rolling back protections for big tech

Reuters
WASHINGTON (Reuters) – The U.S. Justice Department will propose legislation as soon as Wednesday to try to remove protections that big tech platforms like Alphabet’s (GOOGL.O) Google and Facebook (FB.O) have had for decades, a department official said on Wednesday, speaking on condition of anonymity. FILE PHOTO: A 3D-printed Facebook......
Reuters - Business

SoftBank-backed ride-hailing firm Grab cuts staff to cope with virus impact

Reuters
SINGAPORE (Reuters) – Southeast Asian ride-hailing and payments firm Grab said on Tuesday it would lay off more than 300 employees due to the impact of novel coronavirus, in the latest setback to major backer SoftBank Group Corp (9984.T). FILE PHOTO: People wait for the start of Grab’s fifth anniversary......
Reuters - Business

SoftBank-backed ride-hailing firm Grab announces layoffs

Reuters
FILE PHOTO: People wait for the start of Grab’s fifth anniversary news conference in Singapore June 6, 2017. REUTERS/Edgar Su SINGAPORE (Reuters) – Southeast Asian ride-hailing and payments firm Grab announced hundreds of job losses on Tuesday due to the impact of novel coronavirus. Southeast Asia’s most valuable startup with......
Reuters - Business

The future of media: more digital and more economic pain, Reuters Institute says

Reuters
LONDON (Reuters) – The coronavirus outbreak has prompted a significant increase in news consumption but the economic turmoil is forcing news businesses to accelerate their move to digital, The Reuters Institute for the Study of Journalism said. Men wearing protective face masks work at a printing press amid the coronavirus......
Reuters - Business

Palantir close to registering for stock market debut: sources

Reuters
(Reuters) – Data mining firm Palantir Technologies Inc is aiming to file confidentially with U.S. regulators to go public in the coming weeks, emboldened by the strong performance of other initial public offerings (IPOs), people familiar with the matter said. FILE PHOTO: The logo of U.S. software company Palantir Technologies......
Reuters - Business

Exclusive: Obscure Indian cyber firm spied on politicians, investors worldwide

Reuters
LONDON/WASHINGTON (Reuters) – A little-known Indian IT firm offered its hacking services to help clients spy on more than 10,000 email accounts over a period of seven years. Sumit Gupta, owner and director of cybersecurity firm BellTroX InfoTech Services, walks outside his office in New Delhi, India, June 8, 2020.......
Reuters - Business

Broadcom’s revenue forecast disappoints on weakness in chip business

Reuters
FILE PHOTO: A sign to the campus offices of chip maker Broadcom Ltd is shown in Irvine, California, U.S., November 6, 2017. REUTERS/Mike Blake/File Photo (Reuters) – Broadcom Inc (AVGO.O) on Thursday forecast current-quarter revenue, the midpoint of which was slightly below analysts’ estimates as its chip business took a......
Reuters - Business

Trump’s executive order targets political bias at Twitter and Facebook: draft

Reuters
WASHINGTON (Reuters) – U.S. President Donald Trump is expected to order a review of a law that has long protected Twitter, Facebook and Alphabet’s Google from being responsible for the material posted by their users, according to a draft executive order and a source familiar with the situation. News of......
Reuters - Business

Trump to sign executive order on social media on Thursday: White House

Reuters
WASHINGTON (Reuters) – U.S. President Donald Trump will sign an executive order on social media companies on Thursday, White House officials said after Trump threatened to shut down the platform he accused of stifling conservative voices. The officials, who spoke to reporters traveling with Trump to Washington from Florida aboard......
Reuters - Business

Exclusive: Google faces antitrust case in India over payments app – sources

Reuters
NEW DELHI (Reuters) – India’s antitrust body is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote its mobile payments app in the country, five sources familiar with the case told Reuters. FILE PHOTO: A woman walks past the logo of Google during an......
Reuters - Business

Dozens of Chinese companies added to U.S. blacklist in latest Beijing rebuke

Reuters
WASHINGTON (Reuters) – The United States said on Friday it would add 33 Chinese firms and institutions to an economic blacklist for helping Beijing spy on its minority Uighur population or because of ties to weapons of mass destruction and China’s military. FILE PHOTO: Flags of U.S. and China are......
Reuters - Business

Alibaba revenue, profit beat as online sales surge during lockdown

Reuters
(Reuters) – China’s Alibaba Group Holding Ltd (BABA.N) on Friday reported fourth-quarter revenue and profit that topped market expectations, as the COVID-19 lockdowns drove more people to shop online for essentials. FILE PHOTO: A logo of Alibaba Group is seen at an exhibition during the World Intelligence Congress in Tianjin,......
Reuters - Business

Alibaba revenue tops as online sales surge during lockdown

Reuters
FILE PHOTO: A logo of Alibaba Group is seen at an exhibition during the World Intelligence Congress in Tianjin, China May 16, 2019. REUTERS/Jason Lee/File Photo (Reuters) – China’s Alibaba Group Holding Ltd (BABA.N) reported a better-than-expected quarterly revenue on Friday, as the COVID-19 lockdowns drove more people to shop......
Reuters - Business

Apple reopening 25 more U.S. stores, will soon top 100 worldwide

Reuters
FILE PHOTO: An Apple store employee informs people that the store is closed, after further cases of coronavirus were confirmed in New York, in Manhasset, New York, U.S., March 16, 2020. REUTERS/Shannon Stapleton/File Photo (Reuters) – Apple Inc will this week reopen more than 25 of its branded stores in......
Reuters - Business

U.S. gave no assurances to Taiwan’s TSMC for license to sell to Huawei: official

Reuters
FILE PHOTO: A logo of Taiwan Semiconductor Manufacturing Co (TSMC) is seen at its headquarters in Hsinchu, Taiwan August 31, 2018. REUTERS/Tyrone Siu/File Photo WASHINGTON (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd, which unveiled a $12 billion investment plan in Arizona on Friday, has not been given any assurances that......
Reuters - Business

U.S. state attorneys general likely to bring antitrust lawsuits against Google: source

Reuters
FILE PHOTO: A 3D printed Google logo is seen in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration (Reuters) – A group of state attorneys general led by Texas are likely to -file an antitrust lawsuit against Alphabet Inc’s (GOOGL.O) Google and are working on potential litigation for later this......
Reuters - Business

U.S. gave no assurances to Taiwan’s TSMC for a license to sell to Huawei: official

Reuters
WASHINGTON (Reuters) – The United States has not given any assurances to Taiwan Semiconductor Manufacturing Co Ltd that it will grant it a license so it can sell U.S. technology to China’s Huawei, which Washington has blacklisted, Keith Krach, Undersecretary for Economic Growth, Energy and the Environment at the State......
Reuters - Business

U.S. moves to cut Huawei off from global chip suppliers as China eyes retaliation

Reuters
WASHINGTON (Reuters) – The Trump administration on Friday moved to block global chip supplies to blacklisted telecoms equipment giant Huawei Technologies [HWT.UL], spurring fears of Chinese retaliation and hammering shares of U.S. producers of chipmaking equipment. A new rule, unveiled by the Commerce Department and first reported by Reuters, expands......

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