China’s President Xi pledges more support for technology firms

China's President Xi Jinping has vowed to increase government support for technology companies, state media reported, in an attempt to raise the country's competitiveness that could also further fuel concerns over protectionism. Beijing has put forward so-called Internet Plus and Made in China 2025 strategies, which aim to make Chinese firms world technology leaders and call for progressive increases in domestic components in priority industries such as robotics and aerospace equipment. Foreign business groups have voiced concerns that such policies could limit foreign firms' opportunities in China and ultimately starve innovation.

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China’s President Xi pledges more support for technology firms

Indian minister: discussing Apple’s request for FDI rules waiver

By Manoj Kumar NEW DELHI (Reuters) – The Indian government on Monday said it was discussing Apple Inc's foreign direct investment application that seeks a waiver from a local sourcing rule. Nirmala Sitharaman, commerce and industry minister in the federal cabinet, told reporters her ministry would discuss the issue with the finance ministry. The finance ministry's foreign investment promotion board (FIPB), which clears foreign direct investment applications, has asked the iPhone maker to sell at least 30 percent locally sourced goods if it wished to open shops in India.

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Indian minister: discussing Apple’s request for FDI rules waiver

Data analysis from Paris raid on Google will take months, possibly years: prosecutor

Analysis of data seized by investigators in last week's raid of Google's Paris headquarters could possibly take years, French financial prosecutor Eliane Houlette said on Sunday. Dozens of French police raided Google's offices on Tuesday, escalating an investigation over suspected tax evasion. “We have collected a lot of computer data,” Houlette said in an interview with Europe 1 radio, TV channel iTele and newspaper Le Monde, adding that 96 people took part in the raid.

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Data analysis from Paris raid on Google will take months, possibly years: prosecutor

Gawker privacy lawsuit evolves into battle of tech billionaires

By Sarah McBride SAN FRANCISCO (Reuters) – Billionaire media owner Pierre Omidyar is backing news and entertainment web site Gawker Media in its lawsuit against wrestler Hulk Hogan, adding a new twist to a case pitting technology money against press freedom. Omidyar, owner of The Intercept publisher First Look Media, is asking other media outlets to file legal briefs in support of Gawker, First Look said in a statement on Friday. First Look said its goal was to protect constitutional rights.

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Gawker privacy lawsuit evolves into battle of tech billionaires

Cyber firms say Bangladesh hackers have attacked other Asian banks

By Dustin Volz and Jeremy Wagstaff WASHINGTON/SINGAPORE (Reuters) – Hackers who stole $81 million from Bangladesh's central bank have been linked to an attack on a bank in the Philippines, in addition to the 2014 hack on Sony Pictures, cybersecurity company Symantec Corp said in a blog post. The U.S. Federal Bureau of Investigation has blamed North Korea for the attack on Sony's Hollywood studio. A senior executive at Mandiant, the cybersecurity company investigating the Bank Bangladesh heist, also told Reuters the hackers had recently penetrated banks in Southeast Asia.

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Cyber firms say Bangladesh hackers have attacked other Asian banks

Push for encryption law falters despite Apple case spotlight

By Dustin Volz, Mark Hosenball and Joseph Menn WASHINGTON/ SAN FRANCISCO (Reuters) – After a rampage that left 14 people dead in San Bernardino, key U.S. lawmakers pledged to seek a law requiring technology companies to give law enforcement agencies a “back door” to encrypted communications and electronic devices, such as the iPhone used by one of the shooters. Draft legislation that Senators Richard Burr and Dianne Feinstein, the Republican and Democratic leaders of the Intelligence Committee, had circulated weeks ago likely will not be introduced this year and, even if it were, would stand no chance of advancing, the sources said. Key among the problems was the lack of White House support for legislation in spite of a high-profile court showdown between the Justice Department and Apple Inc over the suspect iPhone, according to Congressional and Obama Administration officials and outside observers.

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Push for encryption law falters despite Apple case spotlight

China’s Lenovo swings to full-year loss on M&A costs

China's Lenovo Group Ltd on Thursday reported its first loss in six years, with earnings pulled down by acquisition and restructuring costs as well as weak sales of smartphones and personal computers (PCs). The results come as Lenovo curbs its reliance on the slowing PC industry in favor of smartphones and servers. It said profit was pulled down by costs of multi-billion dollar acquisitions in 2014 – for the Motorola handset division of Google Inc and low-end server arm of International Business Machines Corp. It also booked a charge of $923 million for costs related to restructuring and clearing its smartphone inventory.

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China’s Lenovo swings to full-year loss on M&A costs

SEC probes Alibaba accounting methods, shares dive

Alibaba said the Securities and Exchange Commission launched the investigation earlier this year. The latest investigation highlights how far Alibaba has to go to improve transparency, as it also fights sales of fake items, while a continuing acquisition spree creates uncertainty over its earnings. It was not immediately clear what prompted the SEC investigation.

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SEC probes Alibaba accounting methods, shares dive

Apple rehires prominent security pro as encryption fight boils

By Joseph Menn SAN FRANCISCO (Reuters) – Apple Inc , which has resisted pressure from U.S. law enforcement to unlock encrypted iPhones, this month rehired a top expert in practical cryptography to bring more powerful security features to a wide range of consumer products. Jon Callas, who co-founded several well-respected secure communications companies including PGP Corp, Silent Circle and Blackphone, rejoined Apple in May, an Apple spokesman said. Callas had worked at Apple in the 1990s and again between 2009 and 2011, when he designed an encryption system to protect data stored on a Macintosh computer.

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Apple rehires prominent security pro as encryption fight boils

Twitter drops photos, videos from 140-character limit

(Reuters) – Twitter Inc said on Tuesday that user names and media attachments such as photos and videos will no longer count toward the length of a tweet but the 140-character limit will remain. Twitter said the change, part of its efforts to simplify its microblogging service, will happen in the next few months. “A few simple changes to make conversations on Twitter easier! And no more removing characters for images or videos!” Chief Executive Jack Dorsey said in a 115-character tweet.

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Twitter drops photos, videos from 140-character limit