Chinese rivals snap at Alibaba’s heels in cross-border e-commerce race

By Brenda Goh SHANGHAI (Reuters) – A Chinese government push to promote e-commerce has created a host of online retail rivals for Alibaba Group Holding Ltd and Amazon.com Inc catering to shoppers' fears about the quality and safety of local everyday goods.

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Hackers controlling millions of PCs disrupted in Europol sweep

By Anthony Deutsch and Jim Finkle AMSTERDAM/BOSTON (Reuters) – A cybercrime operation that stole banking information by hacking more than 3 million computers in Indonesia, India and other countries has been disrupted by European police with assistance from three technology companies, officials said on Wednesday. Europol’s European Cybercrime Centre coordinated the operation out of its headquarters in The Hague, targeting the so-called Ramnit botnet, a network of computers infected with malware

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BlackBerry working with Google to secure Android devices

BlackBerry Ltd said on Wednesday that it is working with Google Inc to enable its software to manage and secure some of Google's Android devices, a move that builds on BlackBerry's recent partnership with Samsung Electronics Co. In November, BlackBerry announced partnerships with Samsung and other high-profile technology industry players, broadening the reach of its revamped mobile-device management and security platform. BlackBerry said it is offering a “highly secure mobility solution” for Samsung's Android devices

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British blogger raises awkward questions on Russia’s role in Ukraine

By Thomas Grove MOSCOW (Reuters) – It was not an unusual evening for war blogger Eliot Higgins. As he was rocking his infant son to sleep in his bedroom in the English city of Leicester, Higgins, who has written in-depth reports on the conflict in eastern Ukraine, was engaging in an online war of words with a pro-Kremlin blogger over Twitter. This time he and his Bellingcat project, funded by fans and supporters, were being accused of taking money from Kiev to produce some of his hardest-hitting work, which has riled pro-Kremlin separatists and those in Moscow who support them

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Deutsche Bank signs multibillion-dollar IT deal with HP

Deutsche Bank will outsource large parts of its wholesale banking IT infrastructure to U.S.-based Hewlett-Packard (HP) in a multibillion-dollar deal that leaves the group's retail operations untouched. Under the 10-year agreement, HP will provide computing capacity and data storage to host Deutsche's operations, the two companies said in a joint statement on Tuesday. Deutsche will retain activities such as IT architecture and information security.

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Hack gave U.S. and British spies access to billions of phones: Intercept

By Eric Auchard FRANKFURT (Reuters) – U.S. and British spies hacked into the world’s biggest maker of phone SIM cards, allowing them to potentially monitor the calls, texts and emails of billions of mobile users around the world, an investigative news website reported.

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Exclusive: Thoma Bravo seeks top-up fund amid tech LBO bonanza

Thoma Bravo LLC, the private equity firm behind some of the technology sector’s largest leveraged buyouts, is seeking more money from investors for deals, less than a year after it raised a $3.65 billion fund, people familiar with the matter said. The new fundraising illustrates Thoma Bravo’s insatiable appetite for software makers and other technology companies, even as frothy valuations dampen other buyout firms’ enthusiasm. Thoma Bravo is seeking $1 billion for Thoma Bravo Special Opportunities Fund II, a fund that will invest in deals alongside its main buyout vehicle, Thoma Bravo Fund XI, which completed fundraising last May, the people said this week

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NSA, British spies hack Gemalto to tap mobile calls: Intercept

(Reuters) – Digital security company Gemalto NV was hacked by American and British spies to steal encryption keys used to protect the privacy of cellphone communications, news website Intercept reported, citing documents provided by whistleblower Edward Snowden. The hack by the National Security Agency (NSA) and UK’s Government Communications Headquarters (GCHQ) allowed the agencies to monitor a large portion of voice and data mobile communications around the world without permission from governments and telecom companies, according to the report. NSA could not be immediately reached for comment

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