Chinese regulators summon internet finance firmsBEIJING (Reuters) – Chinese financial regulators on Thursday summoned 13 internet platforms engaged in financial business, including heavyweights Tencent and ByteDance, to order them to strengthen their regulatory compliance, the central bank said.

The move by the four regulators is part of efforts…[Read more]

Telecom Italia looking to drop Huawei from Italy 5G network: sourcesMILAN (Reuters) – Telecom Italia (MI:TLIT) is looking to cancel a contract with Huawei for supplying equipment to build part of the telecom firm’s 5G network in Italy, three sources close to the matter said on Thursday.

Losing 5G work from Telecom Italia, one of Huawei’s biggest…[Read more]

Blocking Google class action would deny justice, UK court toldLONDON (Reuters) – Blocking a proposed British class action against Google (NASDAQ:GOOGL), that alleges it secretly tracked millions of iPhone users a decade ago, risks allowing big firms to behave with impunity, a lawyer told the Supreme Court on Thursday.

Hugh Tomlinson, a lawyer for…[Read more]

Germany’s financial watchdog warns crypto exchange Binance over “stock tokens”BERLIN (Reuters) – Germany’s financial regulator BaFin warned that Binance, one of the world’s largest cryptocurrency exchanges, risked being fined for offering its securities-tracking digital tokens without publishing an investor prospectus.

On Monday, Binance said it…[Read more]

U.S. will launch $3.2 billion temporary broadband subsidy May 12WASHINGTON (Reuters) -The Federal Communications Commission said it will launch on May 12 a temporary $3.2 billion program to provide lower-income Americans with discounts on monthly internet service and on purchasing laptops or tablet computers.

The discounts, which were funded by…[Read more]

EU countries, lawmakers reach deal to tackle online child sexual abuseBRUSSELS (Reuters) – EU countries and EU lawmakers agreed late Thursday evening to allow Facebook (NASDAQ:FB) and Microsoft (NASDAQ:MSFT) to scan and remove online child sexual abuse, potentially paving the way for a deal in the coming months on privacy rules targeting online…[Read more]

D.C. police personnel files accessed by hackers in ransomware attack: CNN(Reuters) – Hackers obtained the personnel files of some Washington, D.C. police department officers in a ransomware attack disclosed on Monday, CNN quoted the department’s acting police chief as saying late on Thursday.

“HR-related files with personally identifiable…[Read more]

Russia says Twitter is complying with demand to remove ‘banned content’MOSCOW (Reuters) – Russian state communications regulator Roskomnadzor said on Friday that U.S. social network Twitter had started complying with its demand to remove content banned in Russia.

It said Twitter had removed 60% of such content since Moscow slowed the speed of its…[Read more]

Exclusive: Airbus turns up heat on suppliers over production and qualityPARIS (Reuters) – European planemaker Airbus has ordered suppliers to demonstrate as soon as possible that they are factory-fit for increased single-aisle jet output, in a letter that lays bare the extent of recent industrial quality problems.

In the letter to suppliers in…[Read more]

Reopening optimism pushes European stocks closer to record high(Reuters) – European stocks neared record high on Tuesday on optimism around several countries easing economic restrictions, falling unemployment rate in the United Kingdom and strong earnings reports from companies.

The pan-European STOXX 600 index rose 0.7% by 0716 GMT, trading just…[Read more]

Australia’s Seven West Media finalises news content deals with Google, Facebook(Reuters) – Australia’s Seven West Media Ltd said on Monday it finalised its licensing deal with Alphabet (NASDAQ:GOOGL) Inc’s Google and signed a long-term agreement with social media giant Facebook (NASDAQ:FB) to provide content to the tech companies.

The signing of…[Read more]

Steeped in spycraft, cybersecurity firm Darktrace rockets on London debutLONDON (Reuters) -Darktrace, a cybersecurity company advised by former MI5 and CIA spymasters, leapt more than 40% on its market debut on Friday, delivering a boost to the London market after the spectacular flop of Deliveroo last month.

The company was priced at 250 pence…[Read more]

Online share of retail sales jumps to 19% amid lockdowns: U.N.ZURICH (Reuters) – Online sales accounted for nearly a fifth of total retail turnover last year as lockdowns to combat the spread of the coronavirus pandemic fuelled a boom in e-commerce, a United Nations study released on Monday showed.

Online sales accounted for 19% of overall retail…[Read more]

Ericsson to launch subscription service for remote officeSTOCKHOLM (Reuters) – Sweden’s Ericsson (BS:ERICAs) on Tuesday unveiled a subscription service for remote working in North America that would allow employees of small businesses to start working from home in minutes with access to licensed apps, cloud storage and security tools.

The…[Read more]

Vietnam’s VinFast reports customer to police after ‘untrue’ YouTube complaintsHANOI (Reuters) – Vietnamese car maker VinFast has reported one of its customers to the police over comments he made on YouTube about the quality of his car.

Tran Van Hoang, a Vietnamese YouTuber with 455,000 followers, uploaded videos about his VinFast Lux A2.0 car…[Read more]

Facebook has six months to determine if Trump returns(Reuters) – Facebook Inc (NASDAQ:FB)’s oversight board on Wednesday upheld the company’s suspension of former U.S. President Donald Trump but said the company was wrong to make the suspension indefinite and gave it six months to determine a “proportionate response.”

Trump called the decision…[Read more]

Analysis: Facebook confronts human rights dilemma on political speechReuters) – Facebook Inc (NASDAQ:FB) oversight board’s extension of former U.S. President Donald Trump’s banishment from the social network failed to settle how it will balance political leaders’ freedom of speech and its responsibility to make sure hateful rhetoric does not…[Read more]

Knowns and unknowns about the hack at Colonial PipelineWASHINGTON (Reuters) – Ransom-seeking hackers have broken into Colonial Pipeline, prompting the company to shut one of America’s major arteries for fuel delivery.

Here is a look at what we know, and what we don’t, about one of the most disruptive digital shakedown efforts to hit a U.S.…[Read more]

Ransom group linked to Colonial Pipeline hack is new but experiencedWASHINGTON (Reuters) -The ransomware group linked to the extortion attempt that has snared fuel deliveries across the U.S. East Coast may be new, but that doesn’t mean its hackers are amateurs.

Who precisely is behind the disruptive intrusion into Colonial Pipeline hasn’t been…[Read more]