Friday, 22 September, 2017

News

Overstock plans to accept bitcoin next year: report

(Reuters) – Ecommerce site Overstock.com Inc plans to be the first major United States retailer to accept the digital currency bitcoin, according to a report in the Financial Times. Overstock’s chief executive Patrick Byrne told the FT in an interview that his company could start accepting the currency next year. Overstock, which reported more than $1 billion in revenue last ... Read More »

RBS clamps down on multi-dealer online chat rooms

(Reuters) – Royal Bank of Scotland's markets division has banned the use of multi-dealer online chat rooms, the bank said, joining rival banks that have taken similar action in response to regulatory scrutiny. Chat rooms have been a focus for regulators investigating manipulation of the Libor and Euribor benchmark interest rates and possible rigging in the $5.3 trillion-a-day foreign exchange ... Read More »

Gambling company Bwin sees World Cup soccer as boost for 2014

Online gambling company Bwin.Party said on Wednesday the outlook for next year was positive thanks to betting on the soccer World Cup and growth prospects in the United States. Bwin is focusing on fewer, better-regulated markets and is expanding in the United States, as gambling rules are relaxed in places like New Jersey. Bwin said last month that a block ... Read More »

Facebook to begin selling video ads: WSJ

(Reuters) – Facebook Inc will begin selling video ads later this week and plans to make an announcement on Tuesday, the Wall Street Journal reported, citing people familiar with the matter. The ads will play automatically in users' news feeds and may help Facebook capture a share of the $66.4 billion that advertisers are expected to spend on U.S. television ... Read More »

Amazon’s German workers set to go on strike

Workers at Amazon.com's German operations were set to go on strike on Monday, in the middle of the crucial Christmas holiday season, in a dispute over pay that has been raging for months. The Verdi union said workers would strike in Amazon's logistic centres in Bad Hersfeld and Leipzig and, for the first time, in Graben. A delegation of German ... Read More »

Twitter backtracks on block feature after users revolt

By Gerry Shih SAN FRANCISCO (Reuters) – Twitter Inc was forced to nix a change to its "block" feature on Thursday after attracting a wave of protest from users who said the new policy empowered perpetrators of online abuse. The humbling reversal on one of the most sensitive policy issues facing the social network came as Twitter encountered user revolt ... Read More »

Former President George H.W. Bush joins Twitter

(Reuters) – George H.W. Bush has joined Twitter and in his first tweet the former U.S. president said he wished he could have attended the memorial service for Nelson Mandela in South Africa. Bush, 89, who had a health scare a year ago, was the only one of the four former American presidents still living who did not attend Tuesday's ... Read More »

Chinese paper rejects comparison between Mandela and Nobel laureate Liu

An influential Chinese paper lashed out on Wednesday at comparisons between Nelson Mandela and China’s jailed Nobel Peace Prize laureate Liu Xiaobo, saying Liu was a common criminal not worthy of any praise. Many Chinese internet users have noted the apparent contradiction of Beijing lauding Mandela’s legacy at the same time that it continues a harsh crackdown on its own ... Read More »

China professor says sacked for criticizing president and not recanting

By John Ruwitch SHANGHAI (Reuters) – A Chinese university has fired a professor for failing to admit wrongdoing in posting an article criticizing President Xi Jinping, the academic said on Wednesday, underscoring questions about academic freedoms for foreign colleges setting up shop in China. But the sacking of law professor Zhang Xuezhong on Monday by the East China University of ... Read More »

Twitter shares touch new high, sail past $52

By Gerry Shih SAN FRANCISCO (Reuters) – Investors piled into Twitter Inc for the second straight day, lifting its shares to more than $52 and setting a new intraday high on Tuesday even in the absence of any significant announcements from the social media debutante. Shares of Twitter were up 6 percent to $52.20 on Tuesday afternoon after a frenzied ... Read More »