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Exclusive: Six U.S. senators urge Obama to prioritize cyber crime at G20 summit
Tue, 30 Aug 2016 05:02:17 -0400

A man rides an electronic bike past a billboard for the upcoming G20 summit in HangzhouBy Jonathan Spicer NEW YORK (Reuters) - Six U.S. senators have urged President Barack Obama to prioritize cyber crime at this weekend's Group of 20 summit in China, in the wake of the theft of $81 million from Bangladesh's central bank, according to a letter obtained by Reuters. In the letter sent to the White House ahead of the Sept. 4-5 summit, Sherrod Brown, a senior Democrat on the Senate Banking Committee, and five other Democratic senators say they want the U.S. president to press leaders from the world's 20 biggest economies to commit in joint communiques to a "coordinated strategy to combat cyber-crime at critical financial institutions." The letter, dated Monday, suggests that concern among U.S. lawmakers is growing over the February incident in which hackers breached Bangladesh Bank's systems and used the SWIFT banking network to request nearly $1 billion from an account held at the Federal Reserve Bank of New York.


EU to hand Apple multi-billion dollar Irish tax bill: sources
Tue, 30 Aug 2016 04:34:55 -0400

A customer enters the new Apple store, which is the world's largest, on its opening day at Covent Garden in LondonBy Padraic Halpin and Foo Yun Chee DUBLIN/BRUSSELS (Reuters) - The European Commission will rule against Ireland's tax dealings with Apple Inc on Tuesday, sources familiar with the decision told Reuters, likely resulting in a multi-billion dollar tax bill for the U.S.-based tech company. Commissioner Margrethe Vestager will hold a news conference on an antitrust case at noon (1000 GMT) in Brussels, whose subject has not been given but which is expected to detail her verdict on why a deal that encouraged the iPhone maker to route vast profits through Ireland had breached EU state aid laws. The ruling is likely to anger Washington, which has accused Brussels of campaigning against U.S. corporate successes and of distorting global efforts to curb corporate tax avoidance.


Alphabet executive steps down from Uber board amid growing competition
Mon, 29 Aug 2016 20:09:54 -0400

David Drummond, senior vice president of Google, attends the eG8 forum in ParisBy Heather Somerville SAN FRANCISCO (Reuters) - Alphabet executive David Drummond, who has been a director on the Uber Technologies Inc [UBER.UL] board for close to three years, has stepped down, the ride-hailing firm confirmed on Monday. Drummond joined the board after Alphabet's venture capital arm GV in 2013 invested about $250 million in Uber, among the firm's largest investments and a deal in which Drummond was involved. "I recently stepped down from Uber's board given the overlap between the two companies," Drummond said in a written statement sent to Reuters.


Livestream of Kim Dotcom extradition hearing a first for New Zealand
Tue, 30 Aug 2016 01:15:11 -0400

German tech entrepreneur Kim Dotcom arrives at an Auckland courtBy Charlotte Greenfield WELLINGTON (Reuters) - A New Zealand judge gave permission on Tuesday for the hearing of German tech entrepreneur Kim Dotcom's appeal against his extradition to be streamed on YouTube, making it the country's first court case to be broadcast on the Internet. The six-week hearing opened in Auckland this week, nine months after a lower court ruled Kim Dotcom could be sent to the United States to face copyright infringement and money-laundering charges over the filesharing website Megaupload. The case has been closely watched by the media industry and developers in the file-sharing business for signs of how far the United States is willing to go to protect U.S. copyright holders.


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