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Technology

Social Media – More of a blight than a blessing

By : | Umm e Tehniyat |   The digital world experienced spectacular growth over the past few years with number of users increasing remarkably. The internet and social media has been available in Pakistan since 1992 and has seen exponential growth ever since. The benefits of internet usage are far outreaching and cannot be denied, but the benefits can...

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Social Media – More of a blight than a blessing

By : | Umm e Tehniyat |   The digital world experienced spectacular growth over the past few years with number of users increasing remarkably. The internet and social media has been available in Pakistan since 1992 and has seen exponential growth ever since. The benefits of internet usage are far outreaching and cannot be denied, but the benefits can...

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Alibaba, Tencent rally troops amid $10 billion retail battle

SHANGHAI: China’s tech giants Alibaba Group Holding Ltd (BABA.N) and Tencent Holdings Ltd (0700.HK), worth a combined $1 trillion, are on a retail investment binge, forcing merchants to choose sides amid a battle for shoppers’ digital wallets. Since the start of last year, the two companies have between them spent more than $10 billion on retail-focused deals, boosting their reach...

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Facebook plans to use U.S. mail to verify IDs of election ad buyers

WASHINGTON (Reuters) - Facebook Inc will start using postcards sent by U.S. mail later this year to verify the identities and location of people who want to purchase U.S. election-related advertising on its site, a senior company executive said on Saturday. The postcard verification is Facebook’s latest effort to respond to criticism from lawmakers, security experts and election integrity watchdog...

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Proxy advisory firm ISS says Qualcomm should negotiate sale to Broadcom

(Reuters) - U.S. semiconductor company Qualcomm Inc should try to negotiate a sale to Broadcom Ltd following the latter’s sweetened $121 billion offer, proxy advisory firm Institutional Shareholder Services Inc (ISS) said. Qualcomm has been seeking to walk a fine line between resisting Broadcom’s acquisition approach, which it says undervalues it and is fraught with regulatory risks, and demonstrating to...

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Facebook faces big challenge to prevent future U.S. election meddling

SAN FRANCISCO/WASHINGTON: The Russian influence operation designed to tamper with the 2016 U.S. presidential election used a combination of old-school espionage tactics and 21st-century technologies that will not be easy to stop, even now that the methods have been exposed, experts said. Social media companies, especially Facebook Inc and Twitter Inc, have been under heavy pressure to find ways of...

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Facebook, Twitter not fully complying with consumer rules: EU

The European Commission said Thursday that US social media giants have made an effort to comply with EU consumer protection rules, but that Facebook and Twitter have not made all the required changes. "While Google's latest proposals appear to be in line with the requests made by consumer authorities, Facebook and, more significantly, Twitter, have only partially addressed important issues...

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Hackers stole $6 million in attack on SWIFT system, Russian central bank says

MAGNITOGORSK, Russia: Unknown hackers stole 339.5 million rubles ($6 million) in an attack on the SWIFT international payments messaging system in Russia last year, the Russian central bank said on Friday. The disclosure, buried at the bottom of a central bank report on digital thefts at Russian banks, is the latest in a string of attempted and successful cyber heists...

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UK blames Russia for cyber attack, says won’t tolerate disruption

LONDON: Britain blamed Russia on Thursday for a cyber-attack last year, publicly pointing the finger at Moscow for spreading a virus which disrupted companies across Europe including UK-based Reckitt Benckiser. The so-called NotPetya attack in June started in Ukraine where it crippled government and business computers before spreading around the world, halting operations at ports, factories and offices. Britain’s foreign...

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Walmart goes to the cloud to close gap with Amazon

SAN BRUNO/SUNNYVALE:  One of Walmart Inc’s best chances at taking on Amazon.com Inc in e-commerce lies with six giant server farms, each larger than ten football fields. These facilities, which cost Walmart millions of dollars and took nearly five years to build, are starting to pay off. The retailer’s online sales have been on a tear for the last three consecutive quarters,...

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Snapchat redesign sparks backlash among some users

WASHINGTON: Snapchat's latest app redesign, aimed at broadening the appeal of the youth-oriented social network, sparked a backlash from many users complaining about the abrupt overhaul of their preferred service. More than 578,000 users had signed an online petition by midday Monday calling on parent firm Snap Inc. to roll back the update, which was released last week. "Many users...

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Less-cool Facebook losing youth at fast pace: survey

With mom, dad and grandma signing up in increasing numbers, Facebook is losing younger users in the United States at a faster pace than previously estimated, researchers said Monday. A report by eMarketer said Snapchat is drawing youths away from Facebook at a quicker clip than Facebook-owned Instagram. Facebook is still growing in the US market, according to research firm,...

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Indonesia’s Astra joins in fund raising for Go-Jek

JAKARTA: Indonesian conglomerate Astra International said on Monday it will invest $150 million in Go-Jek, joining the likes of Alphabet Inc’s Google in the ride-hailing start-up’s latest fundraising round. Astra Chief Executive Prijono Sugiarto said the group had wanted to invest in Go-Jek for some time but had been looking for the right timing. “We see that Go-Jek is special,...

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Coincheck heist sheds light on Japan’s rush to create cryptocurrency rules

TOKYO: After the Mt. Gox cryptocurrency exchange was stung by a half-billion dollar theft in 2014, Japanese regulators swung into action. Their goal was to craft rules that both protected traders and allowed a promising sector to flourish. By last April, they thought they had arrived at a set of guidelines that did just that. Japan’s national system to oversee...

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Porsche, Audi to develop joint electric car platform to save costs

FRANKFURT (Reuters) - Porsche and Audi, Volkswagen’ main luxury car divisions, plan to develop a joint platform for electric vehicles that will enable them significantly cut down on costs, German newspapers quoted their chief executives as saying. A Porsche logo is seen at a customers center next to the the Porsche factory in Stuttgart-Zuffenhausen, Germany, January 26, 2018. REUTERS/Ralph Orlowski...

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Google fined in India for abusing dominant position

NEW DELHI: Google has been fined more than $21 million in India for "search bias" and abuse of its dominant position, competition regulators said Thursday. The US internet giant was deemed to have favoured its own services when customers ran searches according to a report from the Competition Commission of India (CCI) six years after it began investigations into the...

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Uber board got assurances on diligence ahead of self-driving deal: investor

SAN FRANCISCO: A key Uber investor testified on Thursday that the company’s board received assurances that due diligence had turned up no problems with a self-driving car startup which Uber acquired, differing from testimony by Uber’s former chief executive. Benchmark venture capitalist Bill Gurley, who has since left Uber’s board, said that before the company acquired a startup founded by...

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