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Italian watchdog fines Apple and Samsung for slowing down user phone

(Reuters) - Italy's anti-trust watchdog on Wednesday, said "it was fining Apple Inc. and Samsung Electronics Co Ltd with 5 million euros (US$5.7 million) each following complaints they used software updates to slow down their mobile phones.Apple was hit with an additional 5 million euro fine for failing to give clients clear information about how to maintain or eventually replace handset batteries.Italian…

Uber’s head of corporate development steps down

Head of corporate development of Uber Technologies Inc. Cameron Poetzscher has stepped down from his position and has now officially left the company after his alleged sexual misconduct became public, which was first unveiled by the Wall Street Journal last month.An Uber Inc. spokesperson issued a statement of gratitude stating "We thank Cam for his four and a half years of service to Uber." However, the company…

Uber to invest $260 millions in London, aims to turn all its car electrified by 2025

Uber on Tuesday announced that It will be investing $260 million to help all of its drivers in London transition to electric vehicles (EVs) by 2025.The company unveiled plans to combat air pollution in the British capital, "By providing a fee of 15 cents per mile on every London booked trip, incentive payments to its drivers and a diesel scrap scheme.Uber said "The 15 pence “clean air rate” will help finance…

Oculus co-founder Brendan Iribe resigns

Oculus co-founder and Former CEO, Brendan Iribe on Monday, has announced his departure from Facebook, which has heated a new debate inside the media on "Why the top executives of the Facebook acquired company are leaving the company?".Last month, Kevin Systrom and Mike Krieger the co-founders of Instagram had resigned from the company, adding to the WhatApp's Brian Acton and Jan Koum and Oculus co-founder

Facebook is secretly planning to acquire cybersecurity firm

The year has not been too good for Facebook, especially because of the recent data breach which dealt the Facebook reputation in the market.According to The Information report, "Facebook is planning to acquire a major security firm to help the company to fix its reputation."The reports claim that "Facebook is looking toward a security firm which can provide technology to protect user account, introduce new…

Uber to Appeal Against the Fine Imposed Following the Grab Merger Deal

Uber Technologies Inc has decided to appeal a decision by the Singapore competition regulator that its merger with regional rival Grab violated the city-state’s competition laws, the firm said on Monday.Last month, Singapore slapped ride-hailing firms Grab and Uber with fines and imposed restrictions on their businesses to open up the market to competitors, after concluding that their merger had driven up

Facebook Faces Heat from Japanese Government on Grounds of Weak Data Protection Measures

Japan’s government on Monday told U.S. technology firm Facebook Inc (FB.O) to better protect its users’ personal data following lapses this year affecting tens of millions of people globally.The government asked the world’s largest social media network to fully communicate security issues to users, increase surveillance of providers of applications on its platform, and inform regulators of any change in security…

Xiaomi owned smart lighting solutions arm Yeelight enters in Indian market.

Xiaomi-owned smart lighting solutions maker Yeelight Monday announced its foray into the Indian market.The company has introduced four products including a smart lamp, a light strip and two smart bulbs, priced between Rs 2,000 to 10,000, the China-based company said in a statement.In the first phase, its products will be exclusively available on Amazon and later, it would also be available at retail outlets and…

Report : Saudi Arabia asked Twitter employee to spy on protesters

In a report published by The New York Times, has sparked the new debate, on how the Twitter accounts have been targeted by "state-sponsored actors" a three years ago.The report has come a few weeks after the death of Jamal Khashoggi, a journalist at Washington Post who was disappeared from the Saudi Consulate in Istanbul a two weeks ago.The reports have claimed that “The online attackers were the part of a

Facebook appoints former UK deputy Prime Minister Nick Clegg as VP of Global affairs

Facebook Inc has hired former British Deputy Prime Minister Nick Clegg to lead its global affairs and communications team, as the social network deals with a number of scandals related to privacy, fake news and election meddling.The appointment makes Clegg, former leader of Britain’s Liberal Democrats and deputy to David Cameron in the 2010-2015 coalition government, the most senior European politician ever in a…