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Egypt’s Sawiris considers buy in Italy internet sector: Corriere della Sera

March 14, 2015 admin acquisition, cairo, corriere, egypt, his-office, internet, italy, naguib-sawiris, reuters, sawiris, speaks-during, telecom, tycoon-said

Naguib Sawiris is considering making an acquisition in Italy's Internet sector, the Egyptian tycoon said in an interview published on Saturday. Sawiris, whose family founded Egypt's giant Orascom group, said in an interview with Corriere della Sera that he planned to create a new data center in Milan, which would be Italy's biggest, by the end of April. “We are also weighing up another acquisition, still in the Internet sector,” said Sawiris, who made an unsuccessful bid to buy a stake in Telecom Italia in 2012

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China puts tech bill that concerns West on hold: U.S. official

March 13, 2015 admin annual-session, cairo, chinese, congress, krista-hughes, love, naguib-sawiris, river, said-the-bill, sawiris, speaks-during, telecom

By Krista Hughes WASHINGTON (Reuters) – China has put a hold on a draft counter-terrorism law that would require technology firms to hand over sensitive information to government officials, a senior U.S. official said in a good sign for Western businesses who saw the rule as a major impediment to working in the world’s second largest economy

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State Department upgrades network security against cyber attacks

March 13, 2015 admin address-whether, agency-carried, brief-statement, chinese, desktop, naguib-sawiris, network-during, planned-outage, security, speaks-during, telecom, the-security

The State Department on Friday said it was upgrading the security of its unclassified computer network to defend against cyber attacks, leaving some employees unable to send outside emails or access the internet. Department spokeswoman Jen Psaki said the agency, which in November said it had suffered a cyber attack, was improving “the security of its main unclassified network during a short, planned outage of some Internet-linked systems.” The agency carried out an upgrade in November that also left workers unable to send outside emails or to get to the internet. In a brief statement, Psaki said the department continued to monitor “activity of concern” on its unclassified network but did not address whether there had been a recent, new attack that prompted the latest security upgrade.

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CIA chief says social media ‘greatly amplifies’ terror threat

March 13, 2015 admin agency, agency-john, congress, diffuse-threats, facebook, headquarters, intelligence, pauses-while, sign-outside, Technology

Social media and other technology are making it increasingly difficult to combat militants who are using such modern resources to share information and conduct operations, the head of the U.S. Central Intelligence Agency said on Friday.

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Snapdeal drums up custom in Slumdog’s Dharavi

March 12, 2015 admin british, downing, inside-their, intelligence, millionaire, mumbai, online-shopping, oscar-winning, security, snapdeal-com, sort-out, text-messages

By Nivedita Bhattacharjee MUMBAI (Reuters) – For viewers of Oscar-winning film “Slumdog Millionaire”, Mumbai's vast Dharavi slum is a byword for poverty, but to online retailer Snapdeal.com it is a battleground for new customers and, it hopes, a source of better margins. The three are already fighting over India's 300 million-strong urban middle class, who have come to expect price wars and great deals on everything from mattresses to motors, but as competition intensifies, Snapdeal has begun chasing a different demographic. It tied up with remittance provider FINO PayTech in November to set up online shopping services in semi-urban, rural and low-income residential areas across India.

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Indian firms could get boost from Google, Alibaba

March 12, 2015 admin alibaba-chinese, inside-their, mumbai, online-retailer, potential-cash, snapdeal, sort-out, tech-majors, the-country

Two Indian firms could get a boost from tech majors in what might turn out to be the first direct investment in the country by Google Inc and Alibaba. Chinese e-commerce giant Alibaba is in talks with Indian online marketplace Snapdeal over a potential cash investment, a person familiar with the negotiations said

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Rocket Internet-backed Helpling expands in Asia, Mideast

March 12, 2015 admin also-expanding, country-manager, inside-their, middle, online-retailer, rocket, sarajevo, singapore-based, social, united, united-arab, venture-capital

By Eric Auchard FRANKFURT (Reuters) – Helpling, an online marketplace for hiring home cleaners backed by Germany's Rocket Internet, is expanding beyond its base in Europe to set up new operations in the Middle East and Asia, aided by the acquisition of a rival Singapore start-up. Berlin-based Helpling said it was acquiring Singapore-based Spickify for an undisclosed sum. Hoe Yeen Teck, Spickify's co-founder and chief executive, will be Singapore country manager of the company, which will operate under the Helpling brand

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Alibaba ploughs $200 million into Snapchat in latest startup deal: source

March 11, 2015 admin alibaba-group, citing-people, cnn, country-manager, hangzhou, rocket, snapchat, source-familiar, united, venture-capital

Alibaba Group Holding Ltd is investing $200 million in photo-messaging app Snapchat, a source familiar with the deal said, striking its latest Silicon Valley deal as the Chinese ecommerce company builds up mobile services. The investment values the company at around $15 billion, according to Bloomberg, citing people familiar with the situation as saying.

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CIA sought to hack Apple iPhones from earliest days: The Intercept

March 10, 2015 admin apple, commonly-used, customer-holds, intercept, islamic-state, mobile-phone, most-investors, nsa, said-the-latest, security, since-the-peak, social-networks, spread-messages, stock-price, technology-fund

By Eric Auchard FRANKFURT (Reuters) – CIA researchers have worked for nearly a decade to break the security protecting Apple phones and tablets, investigative news site The Intercept reported on Tuesday, citing documents obtained from NSA whistleblower Edward Snowden. The report cites top-secret U.S.

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The Rapid Ascent of Goldman Sachs & Co.

March 9, 2015 admin

By Phin Upham Marcus Goldman founded the firm we know today as Goldman Sachs in 1869. Goldman began the firm