Lenovo to stop pre-installing controversial software

By Paul Carsten BEIJING (Reuters) – China's Lenovo Group Ltd, the world's largest PC maker, said on Thursday it will no longer pre-install software that cybersecurity experts said was malicious and made devices vulnerable to hacking. Lenovo had come under fire from security researchers who said earlier on Thursday the company pre-installed a virus-like software from a company called Superfish on consumer laptops that hijacked web connections and allowed them to be spied upon.

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Cybercrime ring steals up to $1 billion from banks: Kaspersky

(Reuters) – A multinational gang of cyber criminals has stolen as much as $1 billion from as many as 100 financial institutions around the world in about two years, Russian computer security company Kaspersky Lab said on Saturday. The company said it was working with Interpol, Europol and authorities from different countries to try to uncover more details on what it being called an unprecedented robbery. It said the gang included cyber criminals from Europe, including Russia and Ukraine, as well as China.

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Online travel agency Expedia to buy rival Orbitz for $1.38 billion

Expedia Inc said it would buy Orbitz Worldwide for about $1.38 billion in cash, its third acquisition in four months, to take on larger rival Priceline Group Inc in a burgeoning online travel industry. Orbitz's shares shot up 20 percent to $11.63 in morning trading, short of Expedia's offer of $12 per share. Expedia's shares rose nearly 13 percent to $88.50.

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#WhereIsTheBomb warns Egyptians of violence-related traffic

By Shadi Bushra CAIRO (Reuters) – Egypt's long-suffering drivers, worn down by decades of jams and crashes, are turning to social media to stave off a new, even more pressing threat — the traffic chaos caused by roadside bombs. “We really wish we didn't need to incorporate such a feature,” the app's co-creator Gamal ElDin Sadek told Reuters. “Eventually we categorized it under one hashtag to be better organized in warning people.” Egypt has been battling an Islamist militant insurgency that has killed hundreds of police and soldiers since then army chief Abdel Fattah al-Sisi ousted president Mohamed Mursi of the Muslim Brotherhood in July 2013 after mass protests.

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Zoopla takes hit as rival shakes up UK online home search market

By Paul Sandle LONDON (Reuters) – The owner of Britain’s Zoopla and Prime Location property websites said it had been deserted by thousands of estate agents since the launch of rival portal OnTheMarket, but insisted the new company would struggle to win over home buyers and sellers.

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

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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With African fashion in vogue, home talent shines

By Joe Brock and Helen Nyambura-Mwaura JOHANNESBURG (Reuters) – When Michelle Obama and Beyonce Knowles attended high-profile events in clothes made by African designers, it was a sure sign that the continent's vibrant style has arrived on the world stage. The showcasing of clothes from home-grown African designers in stores in New York, London and Tokyo is a sign of a broader change of attitude towards a continent which is earning a brighter reputation beyond stories of war and disease.

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China’s internet population hits 649 million, 86 pct on phones

By Paul Carsten BEIJING (Reuters) – China had 649 million internet users by the end of 2014, with 557 million of those using handsets to go online, said a government report on Tuesday, as the world's biggest smartphone market continues its shift to mobile.

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Facebook, Twitter lock horns in post-Super Bowl battle of the statistics

By Alexei Oreskovic and Jennifer Saba SAN FRANCISCO (Reuters) – Facebook Inc and Twitter Inc released a barrage of data, special “heat” maps and slick animations on Monday to claim the title of most-popular social network for spectators watching the Super Bowl, but a winner was difficult to pick. Facebook, the world's largest social network, boasted that 65 million people chimed in on its service about the match that saw the New England Patriots edge the Seattle Seahawks 28-24, up 30 percent from the year earlier.

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