Facebook's Libra coin likely to run a regulatory gauntlet






NEW YORK/SAN FRANCISCO(Reuters) - Facebook Inc will face unprecedented regulatory scrutiny over a new digital currency that the social media company hopes will become globally recognized legal tender within a year.

Since Facebook unveiled its cryptocurrency, called Libra, 10 days ago, Reuters has spoken with more than a dozen people withexperience in financial regulation, financial technology, payments or cryptocurrency. Few expected government agencies to proceed lightly.

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Western intelligence hacked 'Russia's Google' Yandex to spy on accounts - sources






WASHINGTON/LONDON/SAN FRANCISCO (Reuters) - Hackers working for Western intelligence agencies broke into Russian internet search company Yandex in late 2018, deploying a rare type of malware in an attempt to spy on user accounts, four people with knowledge of the matter told Reuters.

The malware, called Regin, is known to be used by the “Five Eyes” intelligence-sharing alliance of the United States, Britain, Australia, New Zealand and Canada, the sources said. Intelligence agencies in those countries declined to comment.

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Apple moves Mac Pro production to China from U.S.: Wall Street Journal






(Reuters) - Apple Inc (AAPL.O) is shifting manufacturing of its new Mac Pro desktop computer to China from the United States, the Wall Street Journal reported on Friday, citing people familiar with the matter.

The move comes at a time when the Trump administration has threatened to impose new levies to cover nearly all imports from China and pressured Apple and other manufacturers to make their products in the United States if they want to avoid tariffs.

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Google appears to have leveraged Android dominance - India watchdog






NEW DELHI (Reuters) - Google (GOOGL.O) appears to have misused its dominant position in India and reduced the ability of device manufacturers to opt for alternate versions of its Android mobile operating system, Indian officials found before ordering a wider probe in an antitrust case.

A 14-page order from the Competition Commission of India (CCI), reviewed by Reuters this week, found Google’s restrictions on manufacturers seemed to amount to imposition of “unfair conditions” under India’s competition law.

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Facebook's WhatsApp hires senior exec from London remittances startup: sources






NEW YORK/LONDON (Reuters) - Facebook Inc’s (FB.O) WhatsApp has hired a senior executive from London-based money transfer startup WorldRemit, three people familiar with the matter said this week.

WorldRemit’s chief product officer, Alice Newton-Rex, will join WhatsApp’s product team later this year to work on the app’s messaging service, one of the people said.

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Brazil's GPA taps Microsoft to test 'Amazon Go'-like technologies






SAO PAULO (Reuters) - Brazilian food retailer GPA SA plans to open its first store to test technologies such as facial recognition and “scan & go” shopping by year-end, following in the footsteps of parent company Casino, which opened a checkout-free store in Paris last November.

The Sao Paulo-based store, which will use technology from Microsoft Corp, makes GPA the latest supermarket chain to experiment with formats similar to Amazon.com Inc’s Amazon Go checkout-free convenience stores the Web-based retailer has rolled out in the United States.

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Apple Music hits more than 60 million subscribers, trailing Spotify






(Reuters) - Apple Inc on Thursday confirmed than the company’s streaming music service has more than 60 million subscribers, trailing rival Spotify Technology SA’s 100 million premium subscribers.

A company spokesman confirmed the figure that Eddy Cue, senior vice president of services for the iPhone maker, disclosed in remarks made here to French publication Numerama in Paris. Apple executives had not disclosed a new number since May 2018, when the company said it had 50 million Apple Music subscribers.

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Google appears to have leveraged Android dominance - India watchdog






NEW DELHI (Reuters) - Google (GOOGL.O) appears to have misused its dominant position in India and reduced the ability of device manufacturers to opt for alternate versions of its Android mobile operating system, Indian officials found before ordering a wider probe in an antitrust case.

A 14-page order from the Competition Commission of India (CCI), reviewed by Reuters this week, found Google’s restrictions on manufacturers seemed to amount to imposition of “unfair conditions” under India’s competition law.

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