Amazon, HarperCollins reach multi-year publishing deal: WSJ

(Reuters) – E-commerce company Amazon.com Inc and publisher HarperCollins have reached a new multi-year publishing deal that covers both print and digital titles, The Wall Street Journal reported, citing HarperCollins. The deal calls for HarperCollins, owned by News Corp, to set the retail prices of its digital books, with incentives for HarperCollins to provide lower prices to consumers, the Journal said, citing a person familiar with the matter.

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Global business groups urge China to suspend bank IT rules

By Krista Hughes WASHINGTON (Reuters) – Business associations from the United States, Japan and Europe told Chinese officials on Monday they still have “strong concerns” about bank information technology rules and urged Beijing to formally suspend them. The joint letter, from 31 trade associations, increases pressure over rules pushing China's state-owned banks to buy technology from domestic vendors, which the U.S. trade office has said could breach China's international trade commitments

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EU’s Oettinger expects decision on Google case in next few days

The European Union's digital commissioner Guenther Oettinger said he expects the European Commission to make a decision in a five-year investigation over whether Google has abused its dominant position in the next few days. “We have to make or even force platforms, search engines to follow our rules in Europe,” Oettinger said an event organized by engineering association VDMA on the sidelines of the Hanover Trade Fair.

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Clinton to announce White House run Sunday; her fame both bonus and burden

By Steve Holland and Jonathan Allen WASHINGTON/NEW YORK (Reuters) – Hillary Clinton will announce her second run for the presidency on Sunday, starting her campaign as the Democrats' best hope of fending off a crowded field of lesser-known Republican rivals and retaining the White House. The overwhelming favorite for the Democratic presidential nomination, Clinton will nonetheless face multiple challenges as she returns to the campaign trail seven years after losing the nomination in 2008 to Barack Obama. She has been a high-profile figure in American politics for more than two decades since her husband, Bill Clinton, won the presidency in 1992, and her fame still eclipses the other likely Democratic contenders and Republican opponents.

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Lufthansa says some frequent flyer accounts hacked

Lufthansa said hackers had managed to break into the accounts of some of its frequent flyers and use their miles to make purchases, just two weeks after British Airways suffered a similar attack. The hackers used lists to try to match usernames and passwords – when one matched, they made purchases using the miles on the frequent flyer’s account.

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China to punish Internet firm Sina over series of complaints

China will punish web portal and social media firm Sina Corp after it was identified as operating the most complained about major website in the country, the Internet regulator said on Friday, the latest blow in an ongoing online crackdown. Representatives from Sina, which also operates China's most popular microblog Weibo Corp, discussed “the issues of breaking the law and the recent large quantity of Internet user complaints” with officials from the Cyberspace Administration of China (CAC) and its Beijing branch, the regulator said in a statement on its website. Since President Xi Jinping came to power in early 2013, he has overseen a broad campaign to bring China's Internet under the government's control

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Amazon sues to block alleged fake reviews on its website

Amazon.com Inc has sued four websites to stop them from selling fake, positive product reviews. In a complaint filed on Wednesday in King County Superior Court in Washington, Amazon said the bogus reviews undermine a system that the Seattle-based online retailer launched 20 years ago to help shoppers using its website decide what to buy

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U.S., European police break up network of 12,000 computers taken over by criminals

Law enforcement agencies in Europe and the United States have dismantled a network comprising at least 12,000 in computers that had been taken over by criminals, Europol said on Thursday. The software used to infect the computers was “very sophisticated” but the network was relatively small compared to others uncovered in the past, Europol said in a statement. Those behind the network or “botnet” infected computers with the software and may then have sold to others the right to install further malicious programs, said Paul Gillen, the head of operations at Europol’s Cybercrime Centre.

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