Technology

NAIROBI (Reuters) – South Korea’s Samsung Electronics plans to double the annual revenue contribution from its African markets to 20 percent of the firm’s global total in the next five years, the head of its business on the continent said on Monday. Sung Yoon said the electronics giant, which accounts for over half of the
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JAKARTA (Reuters) – Indonesia’s central bank has issued a fresh warning about trading in cryptocurrencies like bitcoin because of the risk of losses to the public and even a potential threat to the stability of the financial system. Bank Indonesia (BI) has previously said that cryptocurrencies were not recognized as a legal medium of exchange,
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LOS ANGELES (Reuters) – Facebook Inc (FB.O) Chief Operating Officer Sheryl Sandberg and Twitter Inc (TWTR.N) Chief Executive Jack Dorsey will not seek re-election to Walt Disney Co’s (DIS.N) board because of growing conflicts of interest between the media giant and the technology companies, Disney said on Friday. Disney is moving heavily into online delivery
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WASHINGTON (Reuters) – Four U.S. House Republicans, including the chairman of the Energy and Commerce Committee, on Friday wrote Apple Inc chief executive Tim Cook asking him to answer questions about its disclosure that it slowed older iPhones with flagging batteries. The California-based company apologized over the issue on Dec. 28, cut battery replacement costs
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MONTREAL/SHANGHAI (Reuters) – China’s Bitmain Technologies is eyeing bitcoin mining sites in Quebec, a company spokesman told Reuters, as expectations of a potential Chinese crackdown on cryptocurrency mining make the energy-rich Canadian province an attractive alternative. China has grown into one of the world’s biggest sources of cryptocurrency mining but there are signs Beijing is
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BEIJING (Reuters) – China reprimanded three top tech firms on Friday over poor privacy protections, as tech companies face an increasing backlash from consumers and authorities over excessive data collection practices. Alibaba Group Holding Ltd payment affiliate Ant Financial, search firm Baidu Inc and Beijing Bytedance Technology Co, which oversees popular news feed app Jinri
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(Reuters) – International Business Machines Corp said on Thursday Martin Schroeter will step down as chief financial officer and will be replaced by James Kavanaugh, effective Jan. 11. Schroeter will take on a new role as senior vice president, global markets. Kavanaugh is currently senior vice president, finance and operations. (bit.ly/2CTe1YC) Earlier in the day,
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