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Datafloq 10/25/2020 14:00
NEW DELHI/MUMBAI (Reuters) - A Singapore arbitration panel has put on hold Future Group's $3.38 billion asset sale to Reliance Industries, an interim win for Amazon.com Inc which had alleged the deal between the Indian firms breached some existing agreements. Amazon received an emergency order to halt the companies from proceeding with the deal until an arbitration tribunal is formed, a source with direct knowledge of the matter told Reuters. Amazon last year bought a 49% stake in Future Coupons Ltd, which owns a 7.3% stake in Future Retail.
Datafloq 10/24/2020 08:00
SHANGHAI (Reuters) - China's market regulator and other government departments have launched an exercise focused on e-commerce, with plans to crack down on areas such as unfair competition and the illegal trading of counterfeits or wildlife, state news agency Xinhua said. The operation will run until December and will also look into areas such as livestreaming, which has in the past two years become a popular sales channel in China, Xinhua said on Saturday, referring to a recently issued notice from the State Administration of Market Supervision and other departments. The exercise aims to ensure e-commerce platforms are fulfilling their responsibilities to protect the legitimate rights of consumers and operators as well as to maintain a fai.
Datafloq 10/24/2020 02:00
By Raphael Satter. WASHINGTON (Reuters) - Washington imposed sanctions on Friday on a Russian research institute tied to the development of a dangerous computer program capable of causing catastrophic industrial damage, a move that Russia called illegitimate. The U.S. Treasury Department alleged that the Russian government-backed Central Scientific Research Institute of Chemistry and Mechanics - also known by its Russian acronym, TsNIIKhM - was responsible for "building customized tools that enabled the attack" on an unidentified petrochemical facility in the Middle East in 2017. The attack electrified the cybersecurity community when it was made public by researchers that year because - unlike typical digital intrusions aimed at stealing da.
Datafloq 10/23/2020 20:00
By Richard Cowan and Nandita Bose. WASHINGTON (Reuters) - The U.S. Senate Judiciary Committee said on Friday the chief executives of Twitter Inc and Facebook Inc will testify before the panel on Nov. 17 over their decision to block stories that made claims about Democratic presidential candidate Joe Biden's son. The Judiciary committee voted on Thursday to subpoena the two CEOs. The executives will testify on allegations of anti-conservative bias, the committee said.
Datafloq 10/23/2020 20:00
By David Shepardson. (Reuters) - A U.S. judge in San Francisco on Friday rejected a Justice Department request to reverse a decision that allowed Apple Inc and Alphabet Inc's Google to continue to offer Chinese-owned WeChat for download in U.S. app stores. U.S. Magistrate Judge Laurel Beeler said the government's new evidence did not change her opinion about the Tencent app.
Datafloq 10/23/2020 14:00
By Mathieu Rosemain. PARIS (Reuters) - An alternative to tools provided by U.S. data analytics company Palantir to prevent terrorists attacks would likely take about two years to develop in France, the boss of defence company Thales said on Friday. California-based Palantir, which specializes in crunching and analysing large quantities of data, was hired by French intelligence services in the wake of the November 2015 militant attacks that killed 130 people in Paris. The initial three-year contract with Palantir, whose clients range from the CIA to global banks, was renewed last year. But the DGSI domestic intelligence agency said the contract was renewed because there was no home-grown alternative, while President Emmanuel Macron has called.
Datafloq 10/23/2020 14:00
By Christopher Bing. (Reuters) - The Louisiana National Guard was called in to stop a series of cyberattacks aimed at small government offices across the state in recent weeks, according to two people with knowledge of the events, highlighting the cyber threat facing local governments in the run up to the 2020 U.S. presidential election. The situation in Louisiana follows a similar case in Washington state, according to a cybersecurity consultant familiar with the matter, where hackers infected some government offices with a type of malware known for deploying ransomware, which locks up systems and demands payment to regain access. Senior U.S. security officials have warned https://www.reuters.com/article/us-usa-cyber-election-exclusive/excl.
Datafloq 10/23/2020 14:00
WASHINGTON (Reuters) - Alphabet Inc's Google must respond to the U.S. Justice Department's antitrust lawsuit by Dec. 19, according to a court filing on Friday. The Justice Department on Tuesday sued the $1 trillion company and accused it of illegally using its market muscle to hobble rivals in the biggest challenge to the power and influence of Big Tech in decades.
Datafloq 10/23/2020 14:00
By Giuseppe Fonte and Elvira Pollina. ROME (Reuters) - Italy has prevented telecoms group Fastweb from signing a deal for Huawei [HWT.UL] to supply equipment for its 5G core network, three sources close to the matter said, the clearest sign yet Rome is adopting a tougher stance against the Chinese group. The decision, made at a cabinet meeting late on Thursday, marks the first time Italy has vetoed a supply deal over 5G core networks with Huawei. Visiting Italy in September, U.S. Secretary of State Mike Pompeo described Chinese mobile telecoms technology as a threat to Italy's national security. Huawei strongly rejects the charges, and its Italian unit said it was ready to undergo any scrutiny to show that its technology was safe. ...
Datafloq 10/23/2020 14:00
By Nigam Prusty and Aditya Kalra. NEW DELHI (Reuters) - Representatives of Amazon.com Inc. in India have refused to appear before a parliamentary panel reviewing the country's privacy bill, an Indian lawmaker said on Friday, an allegation the U.S. commerce giant said was a result of a misunderstanding. Meenakshi Lekhi, head of a parliamentary panel which is reviewing the Indian government's Personal Data Protection Bill, had said the officials' refusal to appear before it on Oct. 28 could lead to "coercive action" against the company. Some industry executives say the bill could potentially hurt foreign tech firms and force them to change how they store data.
Datafloq 10/23/2020 08:00
By Josh Horwitz. SHANGHAI (Reuters) - Two of Apple's latest iPhone 12 models went on sale in China on Friday, after early pre-order data showed strong consumer interest in the 5G-enabled device in the firm's second-largest market. The short queues outside Apple stores in the business hub of Shanghai struck a contrast with the crowds that flocked to past launch events, as most ordering has now shifted online. "I feel great being the first customer to get the new iPhone," said Yan Bingqing, 30, who arrived before the store opened, and was in a line of about 20 people.
Datafloq 10/23/2020 08:00
By Samuel Shen and Julie Zhu. SHANGHAI/HONG KONG (Reuters) - Chinese fintech giant Ant Group's move to earmark a record 80% of the Shanghai leg of its $35 billion dual-listing for strategic investors has led to a scramble among smaller investors for what some see as a once-in-a-lifetime opportunity. Ant [IPO-ANTG.HK], backed by e-commerce firm Alibaba Group. , has launched a dual-listing process in Hong Kong and on Shanghai's STAR Market, and the offering is set to be the world's largest. Some smaller Chinese investors, spooked by concerns they could get edged out of the initial public offering (IPO) at home, are looking to bid for Ant shares in the Hong Kong float, which sources have said will not include a cornerstone tranche. The move unde.
Datafloq 10/23/2020 04:52
As per IBM, the demand for data scientists is going to increase by 28% in 2020 compared to last year. Another study says that in the year 2020, data science job roles will demand ML (machine learning) and data science skills, given the fast acceptance of IoT & cloud technologies across businesses worldwide. As per a Statista study on the extent of big data adoption among organizations worldwide amid 2015 & 2019, it was found that 53% of firms globally were already leveraging data science in 2019. The degree of growth in data science application can be clearly identified by the fact that by 2015, only 17% of the organizations globally were considering big data for business benefits. Data Science Research Funding: The Need of the Hour. Adoptio.
Datafloq 10/23/2020 02:00
By Scott Murdoch and Donny Kwok. HONG KONG (Reuters) - Hong Kong's brokerages are readying billions of margin-lending dollars to tap an expected surge in retail demand for China's fintec giant Ant Group's likely $35 billion dual-listing in Hong Kong and Shanghai in the next few weeks, industry officials said. Margin lending, or the amount brokers can lend to individual investors to purchase shares, has been a big business in Hong Kong in recent years with a large number of equity floats luring retail buyers. Hong Kong had 851,157 margin lending accounts with total loan volume of HK$161.8 billion ($21 billion) in the first half of 2020, according to the city's Securities and Futures Commission (SFC), up sharply from 601,842 at the same time l.
Datafloq 10/23/2020 02:00
By Josh Horwitz and David Kirton. SHANGHAI (Reuters) - Huawei Technologies Co Ltd eked out a gain in third-quarter revenue as the impact of the COVID-19 pandemic added to supply-chain difficulties brought about by U.S. restrictions on doing business with the Chinese firm. The figure comes a day after the telecommunications equipment maker announced its latest flagship smartphone, potentially its last in the high-end Android segment most dependent on U.S. technology. It also comes after Sweden became the latest nation to ban Huawei from its fifth-generation (5G) network infrastructure, following U.S. suspicion of Huawei's relationship with China's communist government - which Huawei has dismissed. Hinting at an end to at least four years of d.
Datafloq 10/23/2020 02:00
By Supantha Mukherjee and Stephen Nellis. STOCKHOLM/SAN FRANCISCO (Reuters) - Cisco's video-conferencing app Webex clocked 590 million participants in September and is on track to record over 600 million this month, nearly double the numbers recorded in March when countries started shutting down due to the pandemic. After offices started to close down due to COVID-19, people switched on video conferencing platforms to work from home, leading to swift growth in platforms such as Webex, Zoom Video Communications Inc and Microsoft Corp's Teams. While the expansion in Webex user numbers started in March, it has not tapered off, and attendees are at all-time highs in October amid a resurgent pandemic, Jeetu Patel, Cisco Systems Inc's general mana.
Datafloq 10/22/2020 20:00
By Stephen Nellis. (Reuters) - Intel Corp. on Thursday reported that margins tumbled in the latest quarter as consumers bought cheaper laptops and pandemic-stricken businesses and governments clamped down on data center spending, news that sent its shares down 10%. Intel, the dominant provider of processor chips for PCs and data centers, has struggled with manufacturing delays.
Datafloq 10/22/2020 20:00
By Sam Nussey. TOKYO (Reuters) - SoftBank Group Corp said on Friday it would pay an interim dividend of 22 yen per share for the current year, the same as the previous fiscal year, after a series of massive asset sales stabilised the group's finances. The dividend declaration is the latest sign the group, which was shaken by soured investments and the COVID-19 pandemic, is regaining its confidence, buoyed by deals including the $40 billion sale of chip designer Arm to Nvidia. The year-end dividend forecast is yet to be determined. (Reporting by Sam Nussey; Editing by Jacqueline Wong and Muralikumar Anantharaman). ...
Datafloq 10/22/2020 20:00
By Svea Herbst-Bayliss. BOSTON (Reuters) - Activist investor Starboard Value, which now owns 9% of ACI Worldwide Inc, views the payment systems company as an "attractive" takeover candidate, the hedge fund's chief Jeffrey Smith said at a conference on Thursday. "ACI looks equally as attractive when you compare its current revenue multiple to recent transaction comps," Smith, Starboard's chief executive officer and chief investment officer, said. Smith told the Capitalize for Kids Virtual Investors Conference that the company has underperformed peers including Blackbaud, Commvault Systems, and FireEye among others, despite its favorable business characteristics and unique collection of assets. Over the past five years ACI has returned 37%, mu.

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