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India’s Flipkart to double value of goods sold as demand surges

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By Nivedita Bhattacharjee MUMBAI (Reuters) – Flipkart aims to double the total value of goods it sells to $8 billion this year, two people with knowledge of the plans said, as India’s largest online marketplace seeks to widen the gap with rivals including Amazon.com’s India unit. Online retailers often use GMV, or gross merchandise value based on monthly online sales, as a measure of performance, as they typically make revenues from the commissions they get from sellers. Flipkart’s current GMV is $4 billion, the sources said, declining to be named as they were not authorized to speak to the media

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European business group slams China’s Internet controls

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China's Internet curbs are isolating it from the world and having a “highly detrimental” impact on business, a European lobby said on Thursday, in an unusually strong statement by a foreign business chamber. With a population of 1.4 billion and 632 million people online, China offers a crucial market for multinational firms.

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Jeb Bush talks immigration, education, releases emails as he eyes 2016 bid

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By Bill Cotterell TALLAHASSEE, Fla. (Reuters) – In a visit to Florida's state capital on Tuesday, Republican Jeb Bush focused on the politically explosive topics of immigration and education reform, while emails were released from his time as governor there in an effort to burnish his credentials as he eyes a 2016 presidential bid

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Hackers infect Forbes.com to spy on visitors: researchers

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By Jim Finkle BOSTON (Reuters) – The Forbes.com financial news site was infected by Chinese hackers with spying software that targeted specific visitors, including those at U.S. financial services and defense firms, according to two cybersecurity firms. The hackers infected Forbes.com in November by inserting malware into a Forbes.com “Thought of the Day” widget that appears when any page on Forbes.com is accessed, cybersecurity firms iSight Partners Inc and Invincea Inc said on Tuesday

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U.S. bill seeks more Wi-Fi airwaves alongside smart cars

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(Reuters) – Two U.S. senators on Tuesday revived legislation that seeks to allocate more airwaves to public Wi-Fi by requiring regulators to quickly test how shared radio frequencies could coexist alongside those used for communications among smart cars. The bill by Senators Marco Rubio, a Florida Republican, and Cory Booker, a New Jersey Democrat, would direct the Federal Communications Commission to study how more spectrum can be freed up for public use without interfering with connected vehicles, which are incumbent users.

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U.S. creates new agency to lead cyberthreat tracking

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By Warren Strobel WASHINGTON (Reuters) – Calling the destructive cyberattack on Sony Pictures “a game changer,” a top White House official on Tuesday announced a new intelligence unit to coordinate analysis of cyberthreats, modeled on similar U.S. government efforts to fight terrorism. Lisa Monaco, President Barack Obama's homeland security and counterterrorism adviser, said the new agency will rapidly pool and disseminate data on cyberbreaches, which she said are ballooning in size and sophistication, to U.S

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UK needs to take urgent action over anti-Semitism, lawmakers say

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By Michael Holden LONDON (Reuters) – Urgent action is needed to tackle a “disturbing” rise in anti-Semitism in Britain including measures to deal with growing “cyber hate” on social media, a group of senior lawmakers said on Monday. Last week, the body which advises Britain’s estimated 260,000 Jews on security reported that the number of anti-Semitic incidents in Britain had risen to a record level last year

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Alibaba’s Ant Financial to buy 25 percent of India’s One97

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(This story corrects paragraph 2 to make clear that the $500 million deal value includes an option to increase the stake next year) MUMBAI/SHANGHAI (Reuters) – Ant Financial Services Group, an affiliate of China’s Alibaba Group Holding Ltd, has agreed to buy 25 percent of Indian payment services provider One97 Communications, tapping into the country’s smartphone and online industry boom. Alibaba spokeswoman Teresa Li and One97 founder Vijay Shekhar Sharma declined to disclose the value

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