Technology

Pakistan’s PCP app declared World’s second best Government application

The Pakistan Citizens' Portal app, which was launched in October last year by Prime Minister Imran Khan, was declared the second best government mobile application in the world at the World Government Summit, the premier announced in a tweet on Wednesday. About 4,646 mobile applications of different categories were submitted by 87 countries in the competition held in Dubai at the WGS earlier this...

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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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Twitter hits a milestone with first-ever profit

WASHINGTON: Twitter on Thursday reported its first-ever quarterly profit, in a key milestone for the social network which has been lagging for years against fast-growing rivals. San Francisco-based Twitter said it earned $91 million in the fourth quarter, the first positive net income since going public in 2013. Revenue was up two percent from a year ago to a better-than-expected...

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Alibaba to take $486 mln stake in China retail data firm

SHANGHAI (Reuters) - China’s biggest e-commerce company Alibaba Group Holding Ltd will invest $486 million for a stake in a domestic big- data firm focused on hotels and retail, as part of a push to deepen its offline presence. The firm will buy a 38 percent stake in Shiji Retail Information Technology Co via its subsidiary Alibaba Investment Ltd, the...

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Google eyes gaming with ‘Yeti’ streaming service: report

Alphabet Inc’s Google is developing a subscription-based game streaming service that could work either on its Chromecast or a Google-made console, which is still being developed, the Information website reported on Wednesday. The service, codenamed Yeti, would put Google at the forefront of a new part of the videogame business that lets people play games as they're being streamed, rather...

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