Domain: reuters.com
Stories and comments across the archive that link to reuters.com.
Stories · 2,473
-
Amazon Lent $1 Billion To Merchants To Boost Sales On Its Marketplace (reuters.com)
An anonymous reader shares a report: Amazon.com Inc has stepped up lending to third-party sellers on its site who are looking to grow their business, a company executive said in an interview on Wednesday. The e-commerce giant has doled out more than $1 billion in small loans to sellers in the past 12 months, compared with more than $1.5 billion it lent from 2011 through 2015, said Peeyush Nahar, vice president for Amazon Marketplace. Sellers have used the money to expand their inventory or discount items on Amazon, he said. Boosting sales for third-party merchants is lucrative for Amazon, which takes a cut of transactions on its site. It also has made a business out of handling more leg work for sellers, too. They pay Amazon to fulfill their orders and boost their placement in search results, without which sellers might struggle to grab shoppers' attention. More than 20,000 small businesses have received a loan from Amazon and more than half of those have taken a second loan from the company, it said. -
Apple Makes iPhone Screen Fixes Easier as States Mull Repair Laws (reuters.com)
An anonymous reader shares a report: Apple customers will soon have more choices as the company looks to reduce long wait times for iPhone repairs at its retail stores. By the end of 2017, Apple will to put its proprietary machines for mending cracked iPhone glass in about 400 authorized third-party repair centers in 25 countries, company executives told Reuters. Among the first recipients is Minneapolis-based Best Buy, which has long sold and serviced Apple products. The electronics retailer already has one of the screen-repair machines at a Miami-area store and one coming soon to an outlet in Sunnyvale, California. Fixing cracked screens may seem like small potatoes, but it's a multi-billion-dollar global business. The move is also a major shift for Apple. The company had previously restricted use of its so-called Horizon Machine to its nearly 500 retail stores and mail-in repair centers; and it has guarded its design closely. The change also comes as eight U.S. states have launched "right to repair" bills aimed at prying open the tightly controlled repair networks of Apple and other high-tech manufacturers. -
Supreme Court Agrees To Decide Major Privacy Case On Cellphone Data (reuters.com)
An anonymous reader shares a report: The U.S. Supreme Court on Monday agreed to hear a major case on privacy rights in the digital age that will determine whether police officers need warrants to access past cellphone location information kept by wireless carriers. The justices agreed to hear an appeal brought by a man who was arrested in 2011 as part of an investigation into a string of armed robberies at Radio Shack and T-Mobile stores in the Detroit area over the preceding months. Police helped establish that the man, Timothy Carpenter, was near the scene of the crimes by securing cell site location information from his cellphone carrier. At issue is whether failing to obtain a warrant violates a defendant's right to be free from unreasonable searches and seizures under the U.S. Constitution's Fourth Amendment. The information that law enforcement agencies can obtain from wireless carriers shows which local cellphone towers users connect to at the time they make calls. Police can use historical data to determine if a suspect was in the vicinity of a crime scene or real-time data to track a suspect. -
Bitcoin Exchange Coinbase Reportedly Valued At $1 Billion (reuters.com)
An anonymous reader quotes Reuters: Bitcoin exchange Coinbase Inc. is in talks with potential investors on a new round of funding at a valuation of more than $1 billion, the Wall Street Journal reported on Friday. It is not clear which investors are committing to the round, which was described as targeting around $100 million or more, the Journal reported, citing people familiar with the matter... Demand for crypto-assets has soared with the creation of new tokens to raise funding for start-ups using blockchain technology. Coinbase said in January it raised $75 million from several major financial institutions including the New York Stock Exchange, USAA Bank and Spanish banking group BBVA.
Though Bitcoins were selling for $892 in January, they've nearly tripled in value over the last five months. Despite the fact that Coinbase "suffered outages" last week, the price of Bitcoin still rose 13.6% over the next nine days to $2561. -
Bitcoin Exchange Coinbase Reportedly Valued At $1 Billion (reuters.com)
An anonymous reader quotes Reuters: Bitcoin exchange Coinbase Inc. is in talks with potential investors on a new round of funding at a valuation of more than $1 billion, the Wall Street Journal reported on Friday. It is not clear which investors are committing to the round, which was described as targeting around $100 million or more, the Journal reported, citing people familiar with the matter... Demand for crypto-assets has soared with the creation of new tokens to raise funding for start-ups using blockchain technology. Coinbase said in January it raised $75 million from several major financial institutions including the New York Stock Exchange, USAA Bank and Spanish banking group BBVA.
Though Bitcoins were selling for $892 in January, they've nearly tripled in value over the last five months. Despite the fact that Coinbase "suffered outages" last week, the price of Bitcoin still rose 13.6% over the next nine days to $2561. -
Bitcoin Exchange Coinbase Reportedly Valued At $1 Billion (reuters.com)
An anonymous reader quotes Reuters: Bitcoin exchange Coinbase Inc. is in talks with potential investors on a new round of funding at a valuation of more than $1 billion, the Wall Street Journal reported on Friday. It is not clear which investors are committing to the round, which was described as targeting around $100 million or more, the Journal reported, citing people familiar with the matter... Demand for crypto-assets has soared with the creation of new tokens to raise funding for start-ups using blockchain technology. Coinbase said in January it raised $75 million from several major financial institutions including the New York Stock Exchange, USAA Bank and Spanish banking group BBVA.
Though Bitcoins were selling for $892 in January, they've nearly tripled in value over the last five months. Despite the fact that Coinbase "suffered outages" last week, the price of Bitcoin still rose 13.6% over the next nine days to $2561. -
Trump Misunderstood MIT Climate Research, University Officials Say (reuters.com)
MIT officials said U.S. President Donald Trump badly misunderstood their research when he cited it on Thursday to justify withdrawing the United States from the Paris Climate Agreement. From a report: Trump announced during a speech at the White House Rose Garden that he had decided to pull out of the landmark climate deal, in part because it would not reduce global temperatures fast enough to have a significant impact. "Even if the Paris Agreement were implemented in full, with total compliance from all nations, it is estimated it would only produce a two-tenths of one degree Celsius reduction in global temperature by the year 2100," Trump said. "Tiny, tiny amount." That claim was attributed to research conducted by MIT, according to White House documents seen by Reuters. The Cambridge, Massaschusetts-based research university published a study in April 2016 titled "How much of a difference will the Paris Agreement make?" showing that if countries abided by their pledges in the deal, global warming would slow by between 0.6 degree and 1.1 degrees Celsius by 2100. "We certainly do not support the withdrawal of the U.S. from the Paris agreement," said Erwan Monier, a lead researcher at the MIT Joint Program on the Science and Policy of Global Change, and one of the study's authors. "If we don't do anything, we might shoot over 5 degrees or more and that would be catastrophic," said John Reilly, the co-director of the program, adding that MIT's scientists had had no contact with the White House and were not offered a chance to explain their work. -
Trump Administration Approves Tougher Visa Vetting, Including Social Media Checks (reuters.com)
The Trump administration has rolled out a new questionnaire for U.S. visa applicants worldwide that asks for social media handles for the last five years and biographical information going back 15 years. From a report: The new questions, part of an effort to tighten vetting of would-be visitors to the United States, was approved on May 23 by the Office of Management and Budget despite criticism from a range of education officials and academic groups during a public comment period. Critics argued that the new questions would be overly burdensome, lead to long delays in processing and discourage international students and scientists from coming to the United States. Under the new procedures, consular officials can request all prior passport numbers, five years' worth of social media handles, email addresses and phone numbers and 15 years of biographical information including addresses, employment and travel history. -
Germany Detects Emissions Cheat Software In Audi Models (reuters.com)
The German government has accused Audi of cheating emissions tests with its top-end models, marking the first time the company has been accused of such wrongdoing in its home country. Reuters reports: The German Transport Ministry said it has asked Volkswagen's (VOWG_p.DE) luxury division to recall around 24,000 A7 and A8 models built between 2009 and 2013, about half of which were sold in Germany. The affected Audi models with so-called Euro-5 emission standards emit about twice the legal limit of nitrogen oxides when the steering wheel is turned more than 15 degrees, the ministry said. It is also the first time that Audi's top-of-the-line A8 saloon has been implicated in emissions cheating. VW has said to date that the emissions-control software found in its rigged EA 189 diesel engine does not violate European law. The 80,000 3.0-liter vehicles affected by VW's emissions cheating scandal in the United States included Audi A6, A7 and Q7 models as well as Porsche and VW brand cars. The ministry said it has issued a June 12 deadline for Audi to come up with a comprehensive plan to refit the cars. Ingolstadt-based Audi issued a recall for the 24,000 affected models late on Thursday, some 14,000 of which are registered in Germany, and said software updates will start in July. It will continue to cooperate with Germany's KBA motor vehicle authority, Audi said. -
Trump Announces US Withdrawal From Paris Climate Accord (reuters.com)
It's official. President Donald Trump announced today that the United States will withdraw from the Paris climate agreement, following through on a pledge he made during the presidential campaign. Trump said the Paris agreement "front loads costs on American people. In order to fulfill my solemn duty to protect America and its citizens, the United States will withdraw from the Paris climate accord but begin negotiations to reenter either the Paris accord or an entirely new transaction on terms that are fair to the United States," the president said. "We are getting out. But we will start to negotiate, and we will see if we can make a deal that's fair. And if we can, that's great." Trump said that the United States will immediately "cease all implementation of the non-binding Paris accord" and what he said were "draconian financial" and other burdens imposed on the country by the accord.
This means that Elon Musk will leave Trump's Business Advisory Council. On Wednesday, Musk said he did "all he could to advise directly to Trump." (Update: Elon Musk is staying true to his words. Following the announcement, Musk tweeted, "Am departing presidential councils. Climate change is real. Leaving Paris is not good for America or the world.")
Twenty-five companies, including Adobe, Apple, Facebook, Google, HP, Microsoft, Salesforce, Morgan Stanley, Intel signed on to a letter which was published on the New York Times and Wall Street Journal today arguing in favor of climate pact.
Update: Former president Barack Obama said the U.S. "joins a small handful of nations that reject the future."
Also, the New York Times points out that despite Trump's public statements, the U.S. can't officially leave the Paris climate agreement until 2020. -
Putin Hints At US Election Meddling By 'Patriotically Minded' Russians (nytimes.com)
Two anonymous readers share a report: Shifting from his previous blanket denials, President Vladimir V. Putin of Russia said on Thursday that "patriotically minded" private Russian hackers could have been involved in cyberattacks last year to help the presidential campaign of Donald J. Trump (Editor's note: the link could be paywalled; alternative source). While Mr. Putin continued to deny any state role, his comments to reporters in St. Petersburg were a departure from the Kremlin's previous position: that Russia had played no role whatsoever in the hacking of the Democratic National Committee and that, after Mr. Trump's victory, the country had become the victim of anti-Russia hysteria among crestfallen Democrats. Raising the possibility of attacks by what he portrayed as free-spirited Russian patriots, Mr. Putin said that hackers "are like artists" who choose their targets depending how they feel "when they wake up in the morning." -
Parents Have No Right To Dead Child's Facebook Account, German Court Rules (reuters.com)
An anonymous reader quotes a report from Reuters: A German court rejected a mother's demand on Wednesday that Facebook grant her access to her deceased daughter's account. In the ruling, which overturned a lower court's decision, the Berlin appeals court said the right to private telecommunications extended to electronic communication that was meant only for the eyes of certain people. In the Facebook case, the mother of a 15-year-old who was hit and killed by a subway train in Berlin in 2012 had sought access to her daughter's account to search for clues as to whether the girl had committed suicide. Facebook had refused access to the account, which had been memorialized, meaning it was effectively locked and served as a message board for friends and family to share memories. A regional court in Berlin had ruled in favor of the mother in late 2015, saying that the daughter's contract with Facebook passed to her parents according to German laws on inheritance. It had also said that the girl's right to privacy was not protected because she was a minor and it was up to her parents to protect her rights. The appeals court said on Wednesday that the right to private telecommunications outweighed the right to inheritance, and that the parents' obligation to protect their daughter's rights expired with her death. -
British Airways Says IT Collapse Came After Servers Damaged By Power Problem (reuters.com)
A huge IT failure that stranded 75,000 British Airways passengers followed damage to servers that were overwhelmed when the power returned after an outage, the airline said on Wednesday. From a report: BA is seeking to limit the damage to its reputation and has apologised to customers after hundreds of flights were canceled over a long holiday weekend. The airline provided a few more details of the incident in its latest statement on Wednesday. While there was a power failure at a data center near London's Heathrow airport, the damage was caused by an overwhelming surge once the electricity was restored, it said. "There was a total loss of power at the data center. The power then returned in an uncontrolled way causing physical damage to the IT servers," BA said in a statement. "It was not an IT issue, it was a power issue." -
Trump Is Pulling US Out of Paris Climate Deal: Sources (axios.com)
An anonymous reader shares a report: President Trump has made his decision to withdraw from the Paris climate accord, according to two sources with direct knowledge of the decision. Details on how the withdrawal will be executed are being worked out by a small team including EPA Administrator Scott Pruitt. They're deciding on whether to initiate a full, formal withdrawal -- which could take 3 years -- or exit the underlying United Nations climate change treaty, which would be faster but more extreme. Pulling out of Paris is the biggest thing Trump could do to unravel Obama's climate legacy. It sends a combative signal to the rest of the world that America doesn't prioritize climate change and threatens to unravel the ambition of the entire deal. News agency Reuters has corroborated the report with its own source. Further reading on Politico (which has also corroborated the news) and BBC. Update: Trump Announces US Withdrawal From Paris Climate Accord. -
China To Implement Cyber Security Law From Thursday (reuters.com)
China, battling increased threats from cyber-terrorism and hacking, will adopt from Thursday a controversial law that mandates strict data surveillance and storage for firms working in the country, the official Xinhua news agency said. From a report: The law, passed in November by the country's largely rubber-stamp parliament, bans online service providers from collecting and selling users' personal information, and gives users the right to have their information deleted, in cases of abuse. "Those who violate the provisions and infringe on personal information will face hefty fines," the news agency said on Monday, without elaborating. -
US Might Ban Laptops On All Flights Into And Out of the Country (reuters.com)
The United States might ban laptops from aircraft cabins on all flights into and out of the country as part of a ramped-up effort to protect against potential security threats, U.S. Homeland Security Secretary John Kelly said on Sunday. From a report:In an interview on "Fox News Sunday," Kelly said the United States planned to "raise the bar" on airline security, including tightening screening of carry-on items. "That's the thing that they are obsessed with, the terrorists, the idea of knocking down an airplane in flight, particularly if it's a U.S. carrier, particularly if it's full of U.S. people." In March, the government imposed restrictions on large electronic devices in aircraft cabins on flights from 10 airports, including the United Arab Emirates, Qatar and Turkey. Kelly said the move would be part of a broader airline security effort to combat what he called "a real sophisticated threat." He said no decision had been made as to the timing of any ban. "We are still following the intelligence," he said, "and are in the process of defining this, but we're going to raise the bar generally speaking for aviation much higher than it is now." -
Major US Tech Firms Press Congress For Internet Surveillance Reforms (reuters.com)
Dustin Volz, reporting for Reuters: Facebook, Amazon and more than two dozen other U.S. technology companies pressed Congress on Friday to make changes to a broad internet surveillance law, saying they were necessary to improve privacy protections and increase government transparency. The request marks the first significant public effort by Silicon Valley to wade into what is expected to be a contentious debate later the year over the Foreign Intelligence Surveillance Act, parts of which will expire on Dec. 31 unless Congress reauthorizes them. Of particular concern to the technology industry and privacy advocates is Section 702, which allows U.S. intelligence agencies to vacuum up vast amounts of communications from foreigners but also incidentally collects some data belonging to Americans that can be searched by analysts without a warrant. -
Egypt Blocks 21 Websites For 'Terrorism' And 'Fake News' (reuters.com)
Ahmed Aboulenein, reporting for Reuters: Egypt has banned 21 websites, including the main website of Qatar-based Al Jazeera television and prominent local independent news site Mada Masr, accusing them of supporting terrorism and spreading false news. The blockade is notable in scope and for being the first publicly recognized by the government. It was heavily criticized by journalists and rights groups. The state news agency announced it late on Wednesday. Individual websites had been inaccessible in the past but there was never any official admission. Reuters found the websites named by local media and were inaccessible. The move follows similar actions taken on Wednesday by Egypt's Gulf allies Saudi Arabia and the United Arab Emirates, which blocked Al Jazeera and other websites after a dispute with Qatar. From a separate report: "This is not the typical Egyptian regime attitude," Lina Attalah, the editor-in-chief of Mada Masr told BuzzFeed News in an interview in Cairo. "We are used to facing troubles with the regime since we have always chosen to write the stories they don't like to hear. We are used to being arrested or have cases filed against us, but blocking us is a new thing." Mada Masr, since its founding in 2013, has regularly published critical stories of the regime in both English and Arabic. -
Newly Discovered Vulnerability Raises Fears Of Another WannaCry (reuters.com)
A newly found flaw in widely used networking software leaves tens of thousands of computers potentially vulnerable to an attack similar to that caused by WannaCry, which infected more than 300,000 computers worldwide, cybersecurity researchers said on Thursday. From a Reuters report: The U.S. Department of Homeland Security on Wednesday announced the vulnerability, which could be exploited to take control of an affected computer, and urged users and administrators to apply a patch. Rebekah Brown of Rapid7, a cybersecurity company, told Reuters that there were no signs yet of attackers exploiting the vulnerability in the 12 hours since its discovery was announced. But she said it had taken researchers only 15 minutes to develop malware that made use of the hole. "This one seems to be very, very easy to exploit," she said. Rapid7 said it had found more than 100,000 computers running vulnerable versions of the software, Samba, free networking software developed for Linux and Unix computers. -
Facebook Signs BuzzFeed, Vox, Others For Original Video Shows (reuters.com)
Facebook has signed deals with Vox Media, BuzzFeed, ATTN, Group Nine Media and others to make shows for its upcoming video service, which will feature long and short-form content with ad breaks. The social media company is reportedly set to pay up to $250,000 for the longer, scripted shows. Reuters reports: Facebook is planning two tiers of video entertainment: scripted shows with episodes lasting 20 to 30 minutes, which it will own; and shorter scripted and unscripted shows with episodes lasting about 5 to 10 minutes, which Facebook will not own, according to the sources. For the second tier of shorter shows, Facebook will pay $10,000 to $35,000 for each show and give creators 55 percent of revenue from ads, the sources said. Ads will run during both the long-form and short-form shows. -
Chinese Giant Huawei Gets Serious About PC Business, Announces Plans For Global Expansion (reuters.com)
Speaking of new laptops, Chinese conglomerate Huawei plans a global expansion into computers, it said on Tuesday, posing a fresh challenge to established PC players in a market that has suffered two years of falling sales volumes and pressure on margins. From a report: At a news conference in Berlin, the Shenzhen-based company introduced its first line-up of three personal computer models, including a 15.6-inch screen notebook, a 2-in-1 tablet and notebook hybrid and an ultra slim, metallic 13-inch notebook. Initially, Huawei plans to target the premium-priced consumer market, competing with Lenovo, HP and Dell, which together sell more than 50 percent of all PCs. To a lesser extent, it will also go up against Apple's high-end, but shrinking, Mac computer business. Huawei's Matebook X is a fanless notebook with splash-proof screen and combined fingerprint sign-on and power button, priced between 1,399 and 1,699 euros ($1,570-$1,900). Its Matebook E 2-in-1 hybrid will run from 999 to 1,299 euros while the Matebook D with 15.6-inch display is priced at 799 to 999 euros, it said. Huawei said it aims to offer the new PCs in 12 countries in Europe, North America, Asia, and the Middle East in early June. -
Hackers Hit Russian Bank Customers, Planned International Cyber Raids (reuters.com)
Russian cyber criminals used malware planted on Android mobile devices to steal from domestic bank customers and were planning to target European lenders before their arrest, investigators and sources with knowledge of the case told Reuters. From the report: Their campaign raised a relatively small sum by cyber-crime standards -- more than 50 million roubles ($892,000) -- but they had also obtained more sophisticated malicious software for a modest monthly fee to go after the clients of banks in France and possibly a range of other western nations. Russia's relationship to cyber crime is under intense scrutiny after U.S. intelligence officials alleged that Russian hackers had tried to help Republican Donald Trump win the U.S. presidency by hacking Democratic Party servers. The Kremlin has repeatedly denied the allegation. The gang members tricked the Russian banks' customers into downloading malware via fake mobile banking applications, as well as via pornography and e-commerce programs, according to a report compiled by cyber security firm Group-IB which investigated the attack with the Russian Interior Ministry. -
BlackBerry Working With Automakers On Antivirus Tool For Your Car (reuters.com)
An anonymous reader quotes a report from Reuters: BlackBerry is working with at least two automakers to develop a security service that would remotely scan vehicles for computer viruses and tell drivers to pull over if they were in critical danger, according to a financial analyst. The service, which would also be able to install security patches to an idle car, is being tested by luxury automakers Aston Martin and Range Rover. The service could be launched as early as next year, generating about $10 a month per vehicle for BlackBerry, according to Papageorgiou, who has followed BlackBerry for more than 15 years. Vehicles increasingly rely on dozens of computers that connect to each other as well as the internet, mobile networks and Bluetooth communications systems that make them vulnerable to remote hacks. -
About 37,000 AT&T Workers Go On Three-Day Strike (reuters.com)
Roughly 37,000 AT&T workers -- less than 14 percent of the company's total workforce -- began a three-day strike on Friday after failing to reach an agreement with the No. 2 U.S. wireless carrier over new contracts. Reuters reports: This is the first time that AT&T wireless workers are on strike, which could result in closed retail stores during the weekend, according to the Communications Workers of America (CWA) union. The workers on strike are members of the CWA. The workers are demanding wage increases that cover rising healthcare costs, job security against outsourcing, affordable healthcare and a fair scheduling policy. Slightly over half of the workers on strike are part of the wireless segment and the rest wireline workers, including a small number of DirecTV technicians, AT&T spokesman Marty Richter told Reuters. The CWA had said on Wednesday that wireless workers across 36 states and Washington, D.C. would walk-off their jobs if an agreement was not reached by Friday 3 p.m. ET. -
French Researchers Find Last-ditch Cure To Unlock WannaCry Files (reuters.com)
French researchers said on Friday they had found a last-chance way for technicians to save Windows files encrypted by WannaCry, racing against a deadline as the ransomware threatens to start locking up victims' computers first infected a week ago. From a report: WannaCry, which started to sweep round the globe last Friday and has infected more than 300,000 computers in 150 nations, threatens to lock out victims who have not paid a sum of $300 to $600 within one week of infection. A loose-knit team of security researchers scattered across the globe said they had collaborated to develop a workaround to unlock the encryption key for files hit in the global attack, which several independent security researchers have confirmed. The researchers warned that their solution would only work in certain conditions, namely if computers had not been rebooted since becoming infected and if victims applied the fix before WannaCry carried out its threat to lock their files permanently. Also see: Windows XP PCs Infected By WannaCry Can Be Decrypted Without Paying Ransom. -
Many Nations Pin Climate Hopes On China, India As Hopes For Trump Fade (reuters.com)
Twelve readers share a Reuters report: Many countries are pinning their hopes on China and India to lead efforts to slow climate change amid a growing sense of resignation that U.S. President Donald Trump will either withdraw from a global pact or stay and play a minimal role. Delegates at the May 8-18 negotiations in Bonn on a detailed "rule book" for the 2015 Paris Agreement, the first U.N. talks since Trump took office, say there is less foreboding than when Washington last broke with global climate efforts in 2001. Trump doubts global warming has a human cause and says he will decide on a campaign threat to "cancel" the Paris Agreement, the first to bind all nations to set goals to curb emissions, after a group of Seven summit in Italy on May 26-27. "The time when one big player could affect the whole game is past," said Ronald Jumeau, climate ambassador for the Seychelles. "There would be a void without the U.S., but China and India seem to be increasing their effort." Big emitters led by China, the European Union and India have reaffirmed their commitment to Paris, which seeks to phase out greenhouse gas emissions this century by shifting to clean energies. By contrast, Trump wants to favor U.S. coal. -
Qualcomm Sues Apple Contract Manufacturers (reuters.com)
Qualcomm on Wednesday sued the manufacturers that make iPhones for Apple for failing to pay royalties on the chip maker's technology, widening its legal battle with the world's most valuable company. Qualcomm's lawsuit, filed Wednesday in a federal district court in San Diego, accuses Compal, Foxconn, Pegatron, and Wistron of breaching longstanding patent-licensing agreements with Qualcomm by halting royalty payments on Qualcomm technology used in iPhones and iPads. From a report: Apple sued Qualcomm in January, accusing it of overcharging for chips and refusing to pay some $1 billion in promised rebates. Qualcomm said in the complaint that Apple is trying to force the company to agree to a "unreasonable demand for a below-market direct license." Qualcomm said last month that Apple had decided to withhold royalty payments to its contract manufacturers that are owed to the chipmaker, for sales made in the first quarter of 2017, until the dispute is resolved in court. "While not disputing their contractual obligations to pay for the use of Qualcomm's inventions, the manufacturers say they must follow Apple's instructions not to pay," Qualcomm said in a statement on Wednesday. -
Ford To Cut North America, Asia Salaried Workers By 10 Percent (reuters.com)
Ford is planning a major round of layoffs that will cut up to 20,000 jobs around the world, according to reports published Monday. From a report: Ford plans to shrink its salaried workforce in North America and Asia by about 10 percent as it works to boost profits and its sliding stock price, a source familiar with the plan told Reuters. A person briefed on the plan said Ford plans to offer generous early retirement incentives to reduce its salaried headcount by Oct. 1, but does not plan cuts to its hourly workforce or its production. The move could put the U.S. automaker on a collision course with President Donald Trump, who has made boosting auto employment a top priority. Ford has about 30,000 salaried workers in the United States. The cuts are part of a previously announced plan to slash costs by $3 billion, the person said, as U.S. new vehicles auto sales have shown signs of decline after seven years of consecutive growth since the end of the Great Recession. -
Group Linked To NSA Spy Leaks Threatens Sale of New Tech Secrets (reuters.com)
Hacker group Shadow Brokers, which has taken credit for leaking NSA cyber spying tools -- including ones used in the WannaCry global ransomware attack -- has said it plans to sell code that can be used to hack into the world's most used computers, software and phones. From a report on Reuters: Using trademark garbled English, the Shadow Brokers group said in an online statement that, from June, it will begin releasing software to anyone willing to pay for access to some of the tech world's biggest commercial secrets. In the blog post, the group said it was setting up a "monthly data dump" and that it could offer tools to break into web browsers, network routers, phone handsets, plus newer exploits for Windows 10 and data stolen from central banks. It said it was set to sell access to previously undisclosed vulnerabilities, known as zero-days, that could be used to attack Microsoft's latest software system, Windows 10. The post did not identify other products by name. It also threatened to dump data from banks using the SWIFT international money transfer network and from Russian, Chinese, Iranian or North Korean nuclear and missile programs, without providing further details. -
British PM Candidate Promises Social Media Crackdown (politico.eu)
Theresa May's party "is expected to win a majority at the June 8 election," reports Reuters -- and she's promising they'll pass new social media laws. An anonymous reader quotes Politico: They want to introduce a new measure that could fine or punish internet firms which fail to adequately flag and take down content harmful to minors or "direct users unintentionally to hate speech, pornography or other sources of harm," according to a press release. "The internet has brought a wealth of opportunity but also significant new risks which have evolved faster than society's response to them," May said. "We want social media companies to do more to help redress the balance and will take action to make sure they do"... The Conservative digital platform also promises to better protect Brits' personal information, compelling social media companies to trash user records from before the age of 18. The party plans to encourage the development of digital by default government and business services, as well. -
Expiring Section 702 of FISA Helped US Conclude Russia Hacked Election To Help Trump, NSA Chief Says (reuters.com)
Dustin Volz, reporting for Reuters: A top U.S. intelligence official said Thursday a controversial surveillance law that allows the broad electronic spying of foreigners played a major role in understanding Russia's alleged interference in the 2016 presidential election. The statement from Admiral Mike Rogers, the director of the U.S. National Security Agency, may bolster efforts by intelligence agencies to fully preserve the authority, known as Section 702 of the Foreign Intelligence Surveillance Act, before it expires at the end of the year. Privacy advocates have for years said Section 702 allows for excessively broad surveillance, including warrantless access to some American communications, and should be reformed to include new curbs. "I would highlight much, not all, much of what was in the intelligence community's assessment, for example, on the Russian efforts against the U.S. election process in 2016, was informed by knowledge we gained through (Section) 702 authority," Rogers said. Rogers said allowing the statute to expire on Dec. 31, unless Congress votes to reauthorize it, would degrade U.S. intelligence agencies' ability to provide "timely warning and insight" on a variety of criminal and national security threats. -
Facebook Must Delete Hate Postings Worldwide, Rules Austrian Court (reuters.com)
An Austrian court has ruled that Facebook must delete hate speech postings worldwide. "The case -- brought by Austria's Green party over insults to its leader -- has international ramifications as the court ruled the postings must be deleted across the platform and not just in Austria, a point that had been left open in an initial ruling," reports Reuters. From the report: The case comes as legislators around Europe are considering ways of forcing Facebook, Google, Twitter and others to rapidly remove hate speech or incitement to violence. Facebook's lawyers in Vienna declined to comment on the ruling, which was distributed by the Greens and confirmed by a court spokesman, and Facebook did not immediately reply to a request for comment. Strengthening the earlier ruling, the Viennese appeals court ruled on Friday that Facebook must remove the postings against Greens leader Eva Glawischnig as well as any verbatim repostings, and said merely blocking them in Austria without deleting them for users abroad was not sufficient. The court added it was easy for Facebook to automate this process. It said, however, that Facebook could not be expected to trawl through content to find posts that are similar, rather than identical, to ones already identified as hate speech. The Greens hope to get the ruling strengthened further at Austria's highest court. They want the court to demand Facebook remove similar - not only identical - postings, and to make it identify holders of fake accounts. The Greens also want Facebook to pay damages, which would make it easier for individuals in similar cases to take the financial risk of taking legal action. -
Le Pen Concedes Defeat To Macron In France's Post-Hack Election (reuters.com)
"France has voted for continuity," candidate Marine Le Pen said in the wake of her defeat in France's presidential election, conceding that Emmanuel Macron had a decisive lead. Reuters has ongoing coverage of Le Pen's concession phone call and reactions from world leaders. "France Rejects Far Right," read a headline at CNN, touting their own live updates and early results showing Macron with a 65.9% to 34.1% lead, "on course for a decisive win." Macron is schedule to speak at the Louvre museum (where the grounds were "briefly evacuated" this morning after discovery of a suspicious bag.) Quartz is calling 39-year-old Macron "the second Generation X president of a major world power" (after Canada's Justin Trudeau).
The election was closely watched after a 9-gigabyte trove of emails from Macron's campaign were leaked online. CNBC reports that "One of the most talked about emails makes reference to binge-watching Dr. Who and masturbating to the sound of running water. It sounds generally incoherent. It could be false, or maybe the person wrote it after a few too many." The New Yorker traces the leak to a right-leaning Canadian site, whose editor says he found the documents on 4chan. But Reuters is crediting WikiLeaks with providing "the largest boost of attention" to the leaked documents, according to an analysis pubished by the Digital Forensic Research Lab of the Atlantic Council, a D.C.-based think tank on international affairs. WikiLeaks tweeted about the leak 15 times, bragging to Reuters that "we were hours ahead of all other major outlets." On Friday WikiLeaks also disputed the Macron campaign's claim that the leak mixed real documents with fake ones. "We have not yet discovered fakes in #MacronLeaks & we are very skeptical that the Macron campaign is faster than us."
Saturday WikiLeaks noted that several of the Office files "have Cyrillic meta data. Unclear if by design, incompetence, or Slavic employee." And Saturday afternoon they added "name of employee for Russian govt security contractor Evrika appears 9 times in metadata for 'xls_cendric.rar' leak archive."
Meanwhile, on the International Space Station, French astronaut Thomas Pesquet voted from space. Feel free to discuss the election's results in the comments. -
Le Pen Concedes Defeat To Macron In France's Post-Hack Election (reuters.com)
"France has voted for continuity," candidate Marine Le Pen said in the wake of her defeat in France's presidential election, conceding that Emmanuel Macron had a decisive lead. Reuters has ongoing coverage of Le Pen's concession phone call and reactions from world leaders. "France Rejects Far Right," read a headline at CNN, touting their own live updates and early results showing Macron with a 65.9% to 34.1% lead, "on course for a decisive win." Macron is schedule to speak at the Louvre museum (where the grounds were "briefly evacuated" this morning after discovery of a suspicious bag.) Quartz is calling 39-year-old Macron "the second Generation X president of a major world power" (after Canada's Justin Trudeau).
The election was closely watched after a 9-gigabyte trove of emails from Macron's campaign were leaked online. CNBC reports that "One of the most talked about emails makes reference to binge-watching Dr. Who and masturbating to the sound of running water. It sounds generally incoherent. It could be false, or maybe the person wrote it after a few too many." The New Yorker traces the leak to a right-leaning Canadian site, whose editor says he found the documents on 4chan. But Reuters is crediting WikiLeaks with providing "the largest boost of attention" to the leaked documents, according to an analysis pubished by the Digital Forensic Research Lab of the Atlantic Council, a D.C.-based think tank on international affairs. WikiLeaks tweeted about the leak 15 times, bragging to Reuters that "we were hours ahead of all other major outlets." On Friday WikiLeaks also disputed the Macron campaign's claim that the leak mixed real documents with fake ones. "We have not yet discovered fakes in #MacronLeaks & we are very skeptical that the Macron campaign is faster than us."
Saturday WikiLeaks noted that several of the Office files "have Cyrillic meta data. Unclear if by design, incompetence, or Slavic employee." And Saturday afternoon they added "name of employee for Russian govt security contractor Evrika appears 9 times in metadata for 'xls_cendric.rar' leak archive."
Meanwhile, on the International Space Station, French astronaut Thomas Pesquet voted from space. Feel free to discuss the election's results in the comments. -
Unmanned US Air Force Space Plane Lands After Secret, Two-Year Mission (reuters.com)
Irene Klotz, reporting for Reuters: The U.S. military's experimental X-37B space plane landed on Sunday at NASA's Kennedy Space Center in Florida, completing a classified mission that lasted nearly two years, the Air Force said. The unmanned X-37B, which resembles a miniature space shuttle, touched down at 7:47 a.m. EDT (1147 GMT) on a runway formerly used for landings of the now-mothballed space shuttles, the Air Force said in an email. The Boeing-built space plane blasted off in May 2015 from nearby Cape Canaveral Air Force Station aboard an Atlas 5 rocket built by United Launch Alliance, a partnership between Lockheed Martin and Boeing. The X-37B, one of two in the Air Force fleet, conducted unspecified experiments for more than 700 days while in orbit. It was the fourth and lengthiest mission so far for the secretive program, managed by the Air Force Rapid Capabilities Office. -
NSA Collected Americans' Phone Records Despite Law Change, Says Report (reuters.com)
An anonymous reader quotes a report from Reuters: The U.S. National Security Agency collected more than 151 million records of Americans' phone calls last year, even after Congress limited its ability to collect bulk phone records, according to an annual report issued on Tuesday by the top U.S. intelligence officer. The report from the office of Director of National Intelligence Dan Coats was the first measure of the effects of the 2015 USA Freedom Act, which limited the NSA to collecting phone records and contacts of people U.S. and allied intelligence agencies suspect may have ties to terrorism. It found that the NSA collected the 151 million records even though it had warrants from the secret Foreign Intelligence Surveillance court to spy on only 42 terrorism suspects in 2016, in addition to a handful identified the previous year. The report came as Congress faced a decision on whether to reauthorize Section 702 of the Foreign Intelligence Surveillance Act (FISA), which permits the NSA to collect foreign intelligence information on non-U.S. persons outside the United States, and is scheduled to expire at the end of this year. -
Apple Q2 Earnings: iPhone Sales Fall Flat (reuters.com)
An anonymous reader quotes a report from Reuters: Apple Inc reported a surprise fall in iPhone sales for the second quarter on Tuesday, indicating that customers had held back purchases in anticipation of the 10th-anniversary edition launch of the company's most important product. Apple sold 50.76 million iPhones in its fiscal second quarter ended April 1, down from 51.19 million a year earlier. Analysts on average had estimated iPhone sales of 52.27 million, according to financial data and analytics firm FactSet. However, revenue from the smartphones rose 1.2 percent in the quarter. Expectations are building ahead of Apple's 10th-anniversary iPhone range this fall, with investors hoping that the launch would help bolster sales. -
Credit Suisse Deploys 20 Robots Within Bank (reuters.com)
Credit Suisse has deployed 20 robots within the bank, some of which are helping employees answer basic compliance questions, the Swiss bank's global markets chief executive, Brian Chin, said on Monday. From a report: Chin, speaking at the Milken Institute Global Conference in Beverly Hills, California, said the technology may help reduce the number of calls coming into the bank's compliance call center by as much as 50 percent. The technology works like Amazon's Alexa voice system. While Chin called them robots, it was not clear if they had a physical presence or how exactly employees interacted with them. -
US Appeals Court Won't Rehear 'Net Neutrality' Challenge (reuters.com)
A federal appeals court on Monday declined to rehear a challenge to the Obama administration's landmark "net neutrality" rules requiring internet providers to guarantee equal access to all websites. From a report: The decision by the full appeals court in Washington not to reconsider a three-judge panel's decision that upheld the ruling comes days after Federal Communications Commission Chairman Ajit Pai proposed to undo the 2015 net neutrality that reclassified internet providers like public utilities. The 2015 order bars internet providers from blocking, throttling or giving "fast lanes" to some websites. Pai has proposed reversing the reclassification and scrapping internet conduct standards, and has asked for comment on whether the FCC can or should retain any of the rules barring blocking, throttling or "fast lanes." Judge Sri Srinivasan said in a written opinion reviewing the decision "would be particularly unwarranted at this point in light of the uncertainty surrounding the fate of the FCC's order." -
NASA Launches Super Balloon To Detect Cosmic Particles From Near Space (nzherald.co.nz)
"After seven unsuccessful attempts NASA has launched a stadium-sized balloon in Wanaka," reports the New Zealand Herald, adding that the super-pressure balloon will collect data from "near space" over the next 100 days. Reuters reports: The balloon, designed by NASA to detect ultra-high energy cosmic particles from beyond the galaxy as they penetrate the earth's atmosphere, is expected to circle the planet two or three times. "The origin of these particles is a great mystery that we'd like to solve. Do they come from massive black holes at the centre of galaxies? Tiny, fast-spinning stars? Or somewhere else?" Angela Olinto, a University of Chicago professor and lead investigator on the project, said in a statement. -
Italian Police Say Amazon Has Evaded $142 Million of Taxes (reuters.com)
An anonymous reader quotes a report from Reuters: Milan tax police have told Amazon they believe the world's largest online retailer has evaded around 130 million euros ($142 million) of taxes in Italy, a source close to the matter said on Friday. The allegedly unpaid taxes refer to the period between 2011 and 2015, when Amazon made revenues of around 2.5 billion euros in Italy, the source said. The tax police's findings have been handed to Milan prosecutors, the source added. Amazon issued a statement denying it had evaded any taxes, and said its profits in Italy, on which taxes are paid, had been low due to its considerable investments in the country. -
Apple, Tesla Ask California To Change Its Proposed Policies On Self-Driving Car Testing (reuters.com)
Tesla and Apple have asked the state of California to change its proposed policies on self-driving cars to allow companies to test vehicles without traditional steering wheels and controls or human back-up drivers, among other things. Reuters reports: In a letter made public Friday, Apple made a series of suggested changes to the policy that is under development and said it looks forward to working with California and others "so that rapid technology development may be realized while ensuring the safety of the traveling public." Waymo, the self-driving car unit of Google parent company Alphabet Inc, Ford Motor Co, Uber Technologies Inc, Toyota Motor Corp, Tesla Motors Inc and others also filed comments suggesting changes. Apple said California should revise how companies report self-driving system "disengagements." California currently requires companies to report how many times the self-driving system was deactivated and control handed back to humans because of a system failure or a traffic, weather or road situation that required human intervention. Apple said California's rules for development vehicles used only in testing could "restrict both the design and equipment that can be used in test vehicles." Tesla said California should not bar testing of autonomous vehicles that are 10,000 pounds (4,535 kg) or more. Tesla also said California should not prohibit the sale of non-self-driving vehicles previously used for autonomous vehicle testing. -
Qualcomm Says Apple To Stop Paying Royalties (reuters.com)
Apple has decided to withhold royalty payments to its contract manufacturers that are owed to Qualcomm, until a legal dispute between the companies is resolved, the chipmaker said on Friday. From a report: Qualcomm, the largest maker of chips used in smartphones, said it will not receive royalties from Apple's contract manufacturers for sales made during the quarter ended March 31. San Diego, California-based Qualcomm also slashed its profit and revenue forecasts for the current quarter, to account for the lost royalty revenue. -
Tesla's German Automation Expert Klaus Grohmann Ousted After Clash With CEO Musk (reuters.com)
According to Reuters, "Tesla executive Klaus Grohmann was ousted last month after a clash with CEO Elon Musk over the strategy of Grohmann's firm, which Tesla had acquired in November." Grohmann Engineer's automation and engineering expertise is being relied upon by Tesla to help it increase production to 500,000 cars per year by 2018. From the report: Tesla planned to keep Grohmann on, and Grohmann wanted to stay, but the clash with Musk over how to treat existing clients resulted in his departure, the source said. Grohmann disagreed with Musk's demands to focus management attention on Tesla projects to the detriment of Grohmann Engineering's legacy clients, which included Tesla's direct German-based rivals Daimler and BMW, two sources familiar with the matter said. "I definitely did not depart because I had lost interest in working," Grohmann said, without elaborating. A Tesla spokesman, asked about Grohmann's departure, praised him for building an "incredible company" and said: "Part of Mr Grohmann's decision to work with Tesla was to prepare for his retirement and leave the company in capable hands for the future. Given the change in focus to Tesla projects, we mutually decided that it was the right time for the next generation of management to lead." -
Hackers Exploited Word Flaw For Months While Microsoft Investigated (reuters.com)
An anonymous reader writes: To understand why it is so difficult to defend computers from even moderately capable hackers, consider the case of the security flaw officially known as CVE-2017-0199. The bug was unusually dangerous but of a common genre: it was in Microsoft software, could allow a hacker to seize control of a personal computer with little trace, and was fixed April 11 in Microsoft's regular monthly security update. But it had traveled a rocky, nine-month journey from discovery to resolution, which cyber security experts say is an unusually long time. Google's security researchers, for example, give vendors just 90 days' warning before publishing flaws they find. Microsoft declined to say how long it usually takes to patch a flaw. While Microsoft investigated, hackers found the flaw and manipulated the software to spy on unknown Russian speakers, possibly in Ukraine. And a group of thieves used it to bolster their efforts to steal from millions of online bank accounts in Australia and other countries. -
GE Fixing Bug in Software After Warning About Power Grid Hacks (reuters.com)
General Electric said on Wednesday it is fixing a bug in software used to control the flow of electricity in a utility's power systems after researchers found that hackers could shut down parts of an electric grid. From a report: The vulnerability could enable attackers to gain remote control of GE protection relays, enabling them to "disconnect sectors of the power grid at will," according to an abstract posted late last week on the Black Hat security conference website. Protection relays are circuit breakers that utilities program to open and halt power transmission when dangerous conditions surface. -
EU Lawmakers Include Spotify and iTunes In Geoblocking Ban (reuters.com)
An anonymous reader quotes a report from Reuters: European Union lawmakers voted on Tuesday to ban online retailers from treating consumers differently depending on where they live and expanded their proposed law to include music streaming services such as Spotify and Apple's iTunes. Ending so-called geoblocking is a priority for the European Commission as it tries to create a single market for digital services across the 28-nation bloc, but many industries argue that they tailor their prices to specific domestic markets. The proposal, which will apply to e-commerce websites such as Amazon, Zalando and eBay, as well as for services provided in a specific location like car rental, forbids online retailers from automatically re-routing customers to their domestic website without their consent. In a blow for the book publishing and music industries, European Parliament members voted to include copyright-protected content such as music, games, software and e-books in the law. That would mean music streaming services such as Spotify and iTunes would not be able to prevent, for example, a French customer buying a cheaper subscription in Croatia, if they have the required rights. -
China To Boost Non-Fossil Fuel Use To 20 Percent By 2030 (reuters.com)
An anonymous reader shares a report: China aims for non-fossil fuels to account for about 20 percent of total energy consumption by 2030, increasing to more than half of demand by 2050, its state planner said on Tuesday, as Beijing continues its years-long shift away from coal power. In a policy document, the National Development and Reform Commission (NDRC) said carbon dioxide (CO2) emissions will peak by 2030 and total energy demand will be capped at 6 billion tons of standard coal equivalent by 2030, up from 4.4 billion tons targeted for this year. -
Microsoft's Nadella Banks On LinkedIn Data To Challenge Salesforce (reuters.com)
Microsoft is rolling out upgrades to its sales software that integrates data from LinkedIn, an initiative that Microsoft CEO Satya Nadella told Reuters was central to the company's long-term strategy for building specialized business software. From the report: The improvements to Dynamics 365, as Microsoft's sales software is called, are a challenge to market leader Salesforce.com and represent the first major product initiative to spring from Microsoft's $26 billion acquisition of LinkedIn, the business-focused social network. The new features will comb through a salesperson's email, calendar and LinkedIn relationships to help gauge how warm their relationship is with a potential customer. The system will recommend ways to save an at-risk deal, like calling in a co-worker who is connected to the potential customer on LinkedIn. [...] The artificial intelligence, or AI, capabilities of the software would be central, Nadella said. "I want to be able to democratize AI so that any customer using these products is able to, in fact, take their own data and load it into AI for themselves," he said. On Monday, LinkedIn said it has surpassed 500 million members globally, one of the first big milestones for the business social network since its acquisition. -
Boeing To Lay Off Hundreds of Engineers Amid Sales Slowdown (reuters.com)
According to Reuters, Boeing has warned its employees that it "planned another round of involuntary layoffs that would affect hundreds of engineers at its commercial airplanes unit." From the report: The latest job cuts followed a prior involuntary reduction of 245 workers set for May 19 as the company responded to increasing competition and slowing aircraft sales. The additional layoffs are due to start June 23, according to the memo from John Hamilton, vice president of engineering at Boeing Commercial Airplanes. "We are moving forward with a second phase of involuntary layoffs for some select skills in Washington state and other enterprise locations," the memo said. "We anticipate this will impact hundreds of engineering employees. Additional reductions in engineering later this year will be driven by our business environment and the amount of voluntary attrition."