PayPal’s China, Europe transaction volumes hit by strong dollar

Payment processor PayPal Holdings Inc , spun off from eBay Inc reported quarterly revenue slightly below analysts' expectations as a strong dollar hurt its transaction volumes in China and Europe. Shares of PayPal, which listed for the second time on the Nasdaq in July, fell 5.6 percent in extended trading on Wednesday.

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Soccer-Player receives death threat ahead of Brazilian Cup tie

By Andrew Downie SAO PAULO, Oct 28 (Reuters) – Fluminense are “taking all the appropriate precautions” to ensure the safety of their squad after one of their players received a death threat ahead of Wednesday night’s Brazilian Cup tie against Palmeiras. A spokesman for the club said the threat to midfielder Vinicius came via a private message on Instagram that told him to think twice before helping Fluminense defend their 2-1 first-leg lead.

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Judge dismisses Wikimedia lawsuit over NSA surveillance – report

A federal judge has dismissed a lawsuit by Wikimedia and other groups challenging one of the U.S. National Security Agency's mass surveillance programs, the Baltimore Sun reported. The lawsuit filed in federal court in Maryland, where the spy agency is based, said the NSA is violating U.S

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Venezuela sues black market currency website in United States

By Andrew Cawthorne CARACAS (Reuters) – Venezuela’s Central Bank filed a lawsuit on Friday with allegations of “cyber-terrorism” against a U.S.-based website that tracks the OPEC member’s currency black market. The DolarToday site has enraged President Nicolas Maduro’s government by publishing a rate in Venezuelan bolivars for the greenback far higher than the three official levels under Venezuela’s 12-year-long currency controls. The lawsuit, in the U.S

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Alphabet, Microsoft, Amazon give Wall Street reason to cheer

Google parent Alphabet Inc , Microsoft Corp and Amazon.com Inc made headway in the latest quarter in the areas that will be their main engines of growth for years to come, driving up shares across the tech sector on Friday. For Alphabet, search traffic on mobiles surpassed desktop traffic worldwide for the first time, while Amazon was able to boost margins, an area of concern, as its cloud business boomed

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Myanmar’s reformist law used to stifle dissent

By Timothy Mclaughlin YANGON (Reuters) – Last week’s arrest of an NGO worker in Myanmar for a Facebook post is raising fears that legislation drawn up as part of the country’s economic and democratic liberalization are being used to stifle dissent in ways reminiscent of laws drafted by the former military junta. Myanmar only began to regain its freedoms of expression from 2011 after 49 years of military rule, and critics fear the arrest of Patrick Kum Jaa Lee for commenting on a picture showing a foot standing on a photo of commander-in-chief Min Aung Hlaing is a worrying backward step.

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EU privacy regulators give EU, U.S. three months to find new data pact

By Julia Fioretti LONDON (Reuters) – Companies could face action from European privacy regulators if the European Commission and United States do not come up with a new system enabling them to shuffle data across the Atlantic in three months, the regulators said on Friday. The highest EU court last week struck down a system known as Safe Harbour used by over 4,000 firms to transfer personal data to the United States, leaving companies without alternatives scrambling to put new legal measures in place to ensure everyday business could continue

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Google book-scanning project legal, says U.S. appeals court

By Joseph Ax NEW YORK (Reuters) – A U.S. appeals court ruled on Friday that Google's massive effort to scan millions of books for an online library does not violate copyright law, rejecting claims from a group of authors that the project illegally deprives them of revenue

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