Facebook to Prioritize ‘Trustworthy’ News

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Social media giant Facebook said Friday that it would begin to prioritize "trustworthy" news outlets on its site in order to counteract "misinformation." The company said it would ask its more than 2 billion users to rank the news organizations they trusted in order to prioritize "high-quality news" over less trusted sources. It said the new ranking system would seek to separate news organizations trusted only by their own subscribers from ones that are broadly trusted across society. Facebook Chief Executive Mark Zuckerberg wrote in a blog post that the company was not "comfortable" deciding which news sources are the most trustworthy in a "world with so much division." "There's too much sensationalism, misinformation and polarization in the world today," he wrote. "Social media enables people to spread information faster than…


Anti-smoking Plan May Kill Cigarettes — and Save Big Tobacco

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Imagine if cigarettes were no longer addictive and smoking itself became almost obsolete; only a tiny segment of Americans still lit up. That's the goal of an unprecedented anti-smoking plan being carefully fashioned by U.S. health officials. But the proposal from the Food and Drug Administration could have another unexpected effect: opening the door for companies to sell a new generation of alternative tobacco products, allowing the industry to survive — even thrive — for generations to come. The plan puts the FDA at the center of a long-standing debate over so-called "reduced-risk" products, such as e-cigarettes, and whether they should have a role in anti-smoking efforts, which have long focused exclusively on getting smokers to quit. "This is the single most controversial — and frankly, divisive — issue I've…


Time After Time: Luxury Watchmaker to Sell Pre-owned Pieces

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Swiss luxury watchmaker Audemars Piguet said it would launch a second-hand business this year, becoming the first big brand to announce plans to tap into a fast-growing market for pre-owned premium watches. The company told Reuters it would launch the business at its outlets in Switzerland this year. If this proved successful, it would roll out the operation in the United States and Japan. “Second-hand is the next big thing in the watch industry,” Chief Executive Francois-Henry Bennahmias told Reuters in an interview at the SIHH watch fair in Geneva this week. Going to the 'dark side' Luxury watchmakers have hitherto eschewed the second-hand trade, fearing diluting the exclusivity of their brands and cannibalizing their sales. They have instead ceded the ground to third-party dealers. But some are now looking to change tack,…


Foreign Investors Will Take Heart in Vietnam’s Anti-Graft Crackdown

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Foreign investors in Vietnam will welcome a fairer, more predictable set of business practices as the government pursues the heads of local firms over corruption, analysts believe. Some foreign companies might review their own books to ensure clean accounting, as prosecutors investigate executives in Vietnamese firms over suspected graft. Most will laud the crackdown as steps toward transparency, fairness in business and better-run local partner companies, economists predict. “The corruption cleanup, I think so far, seems to be well received,” said Song Seng Wun, an economist with the private banking unit of CIMB in Singapore. “There is at least on the surface an effort to clean up and be more transparent in the way of doing business as a way to ensure firmer ground.” Increased confidence among foreign factory investors,…


Tracking Shoes Help Keep Kids Safe

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The worst nightmare for parents is probably a child wandering off and getting lost. And for parents who want to keep their kids within their reach and still give them a chance to play freely and be adventurous, a New York company is offering a solution. Faiza Elmasry has the story. Faith Lapidus narrates. ...


Social Media Companies Accelerate Removals of Online Hate Speech

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Social media companies Facebook, Twitter and Google's YouTube have greatly accelerated their removals of online hate speech, reviewing over two thirds of complaints within 24 hours, new EU figures show. The European Union has piled pressure on social media firms to increase their efforts to fight the proliferation of extremist content and hate speech on their platforms, even threatening them with legislation. Microsoft, Twitter, Facebook and YouTube signed a code of conduct with the EU in May 2016 to review most complaints within a 24-hour timeframe. The companies managed to meet that target in 81 percent of cases, EU figures seen by Reuters show, compared with 51 percent in May 2017 when the European Commission last monitored their compliance with the code of conduct. EU Justice Commissioner Vera Jourova has…


Down to Business: Drought-hit Kenyan Women Trade Their Way Out of Poverty

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Widow Ahatho Turuga lost 20 of her goats to drought early last year, but the shopkeeper is planning to reinvest in her herd once she has saved enough money. "I think I will start with four goats and see how it goes," she said, rearranging soap on the upper shelf of her shop in Loglogo, a few kilometers from Marsabit town. She recalled how frequent droughts had left her on the edge of desperation, struggling to care for six of her own children and four others she adopted after their mother died. But Turuga is finding it easier to cope since taking part in a rural entrepreneurship program run by The BOMA Project, a nonprofit helping women in Kenya's dry northern areas beat extreme poverty and adapt to climate change.…


Turkey Business Lobby Calls for End to Emergency Rule

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Turkey’s main business lobby on Thursday called on the government to end the state of emergency as parliament extended it for a sixth time since it was imposed after an attempted coup in 2016. Emergency rule allows President Tayyip Erdogan and the government to bypass parliament in passing new laws and allows them to suspend rights and freedoms. More than 50,000 people have been arrested since its introduction and 150,000 have been sacked or suspended from their jobs. The Turkish parliament on Thursday voted to extend the state of emergency, with the ruling AK Party and the nationalist opposition voting in favor. Rights groups and some of Turkey’s Western allies fear Erdogan is using the crackdown to stifle dissent and crush his opponents. Freedom House, a Washington-based watchdog, downgraded Turkey…


Researchers: Hacking Campaign Linked to Lebanese Spy Agency

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A major hacking operation tied to Lebanon's main intelligence agency has been exposed after careless spies left hundreds of gigabytes of intercepted data exposed to the open internet, according to a report published Thursday. Mobile security firm Lookout, Inc. and the Electronic Frontier Foundation, a digital rights group, said the haul, which includes nearly half a million intercepted text messages, had simply been left online by hackers linked to Lebanon's General Directorate of General Security. "It's almost like thieves robbed the bank and forgot to lock the door where they stashed the money," said Mike Murray, Lookout's head of intelligence. Lookout security researcher Michael Flossman said the trove ran the gamut, from Syrian battlefield photos to private phone conversations, passwords and pictures of children's birthday parties. "It was everything. Literally…


Nigeria Moves Closer to Turning Long-awaited Oil Bill Into Law

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Nigeria moved closer to turning the first part of a long-awaited oil industry bill into law after the lower house passed the same version of the legislation approved by the Senate last year, a lawmaker in the House of Representatives said on Thursday. It is the first time both houses have approved the same version of the bill. It still needs the president's signature to become law. The legislation, which Nigeria has been trying to pass for more than a decade, aims to increase transparency and stimulate growth in the country's oil industry. Under President Muhammadu Buhari's administration, the Petroleum Industry Bill was broken up into sections to ease passage. The House of Representatives passed the first part called the Petroleum Industry Governance Bill (PIGB) on Wednesday. "The PIGB, as…


Tap and Donate: Paris Church to Take Contactless Cards

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The Catholic church is going digital in Paris.   The city's diocese will introduce a system allowing contactless card payments during Sunday's mass at Saint Francois de Molitor, a church located in an upscale and conservative Paris neighborhood.   The diocese explained Thursday that five connected collection baskets with a traditional design will be handed out to mass attenders during the service. They will choose on a screen the amount they want to donate - from 2 to 10 euros ($2.4 to $12.2) - and their payment will be processed in “one second.”   The diocese insisted “this new gesture remains extremely close to the usual” one, yet parishioners will still be able to use cash for their donations.   According to the diocese, donations amount to 79 percent of…


Trump Says Solar Tariff Decision Coming Soon, Stakes Huge for Industry

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 U.S. President Donald Trump said on Wednesday he would announce a decision soon on whether to slap tariffs on imported solar panels, and quipped that when countries dump subsidized panels in the United States, “Everybody goes out of business.” The solar industry is anxiously awaiting the decision, which will have wide-reaching implications for the sector. Domestic panel producers opposed to cheap imports would benefit from a tariff. But installers that have relied on the lower-cost hardware for their recent breakneck growth would suffer. In an interview with Reuters, Trump declined to say how he would land on the case — which was triggered last year by a domestic manufacturer’s trade grievance — but complained about the effect of imports on U.S. panel makers. “You know, they dump ’em — government-subsidized,…


Dow Closes Above 26,000, Just 8 Sessions After Earlier Milestone

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Wall Street roared upward Wednesday, with investor enthusiasm sending all three major stock indices to record finishes, and the Dow to its first close above 26,000 points. The blue-chip Dow gained 1.3 percent to close at 26,115.65 — just eight trading sessions after breaking the 25,000 mark — with strong showings from Boeing, IBM and Intel.  The broader S&P 500 added 0.9 percent to close at 2,802.56, while the tech-heavy Nasdaq gained a full percentage point to settle at 7,298.28. With just 11 trading days so far in 2018, Wednesday's session marked the seventh time this year all three major indices closed at all-time highs. Maris Ogg of Tower Bridge Associates told AFP the sustained rally was boosted by a "confluence of good news," including strong company earnings, slashed corporate tax…


Facebook Widens Probe Into Alleged Russian Meddling in Brexit

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Facebook Inc said on Wednesday it would conduct a new, comprehensive search of its records for possible propaganda that Russian operatives may have spread during the run-up to Britain's 2016 referendum on EU membership. Some British lawmakers had complained that the world's largest social media network had done only a limited search for evidence that Russians manipulated the network and interfered with the referendum debate. Russia denies meddling in Britain's vote to exit the European Union, known as Brexit, or in the 2016 U.S. elections. Facebook, Twitter Inc and Alphabet Inc's Google and YouTube have been under intense pressure in Europe and the United States to stop nations from using tech services to meddle in another country's elections, and to investigate when evidence of such meddling arises. Facebook's new search…


US Financial Crime Fighters Eye Overseas Virtual Currency Platforms

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Financial crime fighters at the U.S. Treasury are "aggressively" pursuing virtual currency platforms that lack strong internal safeguards against money laundering, a top official told a Senate panel on Wednesday. With more criminals using the emerging asset class to store and transmit their ill-gotten gains, Treasury's Financial Crimes Enforcement Network (FinCEN) will pursue malfeasant virtual currency platforms even if they are located overseas, Sigal Mandelker, the U.S. Treasury Department's undersecretary for terrorism and financial crimes, told the Senate Banking Committee. U.S.-based platforms for bitcoin and other virtual currencies are required to comply with antimoney laundering (AML) rules including filing suspicious activity reports, with around 100 such platforms registered with FinCEN. But many other countries have no such requirements. "The real vulnerability that we all have to address is that while…


Apple to Build 2nd Campus, Hire 20,000 in $350B Pledge

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Apple is planning to build another corporate campus and hire 20,000 workers during the next five years as part of a $350 billion commitment to the U.S. economy. The pledge announced Wednesday is an offshoot from the sweeping overhaul of the U.S. tax code championed by President Donald Trump and approved by Congress last month.   Besides dramatically lowering the standard corporate tax rate, the reforms offer a one-time break on cash being held overseas.   Apple plans to take advantage of that provision to bring back more than $250 billion in offshore cash, generating a tax bill of roughly $38 billion.   The Cupertino, California, company says it will announce the location of a second campus devoted to customer support later this year.     ...


Technology Developers Call on Others to Make Use of It

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The world’s biggest Consumer Electronics Show in Las Vegas is over but this year’s battle for consumers and their pocketbooks has only began. As smaller companies do not have the resources for research and development, big companies, such as Samsung, Canon and others, have a common message for them – let your imagination tell you how to use our technologies. VOA’s George Putic reports. ...


Gourmet Chocolate Becomes Economic Lifeline in Venezuela

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In a modest apartment near a Caracas slum, nutrition professor Nancy Silva and four aids spread rich, dark Venezuelan cocoa on a stone counter to make chocolate bars to be sold in local shops that cater to the crisis-hit country's dwindling elite. Like some 20 recently launched Venezuelan businesses, Silva uses the country's aromatic cocoa to make gourmet bars of the kind that can fetch more than $10 each in upscale shops in Paris or Tokyo. The oil-rich but recession-devastated nation's Byzantine bureaucracy makes large-scale exports nearly impossible for small businesses. As a result, most of her bars are sold locally for less than one U.S. dollar - well out of reach of millions of Venezuelans who earn less than that in a week, but reasonably priced for the well-heeled…


El Salvador Eyes Work Scheme with Qatar for Migrants Facing Exit from US

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El Salvador is discussing a deal with Qatar under which Salvadoran migrants facing the loss of their right to stay in the United States could live and work temporarily in the Middle Eastern country, the government of the Central American nation said on Tuesday. Last week, U.S. President Donald Trump's administration said that as of September 2019, it would eliminate the temporary protected status, or TPS, that allows some 200,000 Salvadorans to live in the United States without fear of deportation. Presidential communications chief Eugenio Chicas said El Salvador was in talks to see how Salvadorans could be employed in Qatar, a wealthy country of some 2.6 million people that is scheduled to host the soccer World Cup in 2022. "The kingdom of Qatar ... has held out the possibility…


Mexican Car Sales Slump Ahead of Election

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Car dealerships in Mexico City have kicked off the new year offering "clearance sales" and free insurance as 2017 models collect dust on their lots, a reminder that consumer nerves over high interest rates could slow the economy ahead of elections. The first drop in auto sales in eight years is the most visible sign that the great Mexican shopper, the heart and soul of Latin America's second-largest economy, is feeling the pinch of inflation at a 16½-year high and a battered peso. A government decision to scrap fuel subsidies last year has made running a car more expensive, while the central bank's battle with inflation has put car loans out of reach for many. "If I'm going to buy a new car and then not be able to fill…


21 States Sue to Keep Net Neutrality as Senate Democrats Reach 50 Votes

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A group of 21 U.S. state attorneys general filed suit to challenge the Federal Communications Commission's decision to do away with net neutrality on Tuesday, while Democrats said they needed just one more vote in the Senate to repeal the FCC ruling. The attorneys general filed a petition with a federal appeals court in Washington, D.C., to challenge the action, calling it "arbitrary, capricious and an abuse of discretion" and saying that it violated federal laws and regulations. The petition was filed as Senate Democrats said they had the backing of 50 members of the 100-person chamber for repeal. Senator Ed Markey, a Massachusetts Democrat, said in a statement that all 49 Democrats in the upper chamber backed the repeal. Earlier this month, Republican Senator Susan Collins of Maine said she would back…


French Startup Launches Hydrogen-powered Bicyles

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A French start-up has become the first company to start factory production of hydrogen-powered bicycles for use in corporate or municipal fleets. Pragma Industries, which is based in Biarritz, France and makes fuel cells for military use, has sold some 60 hydrogen-powered bikes to French municipalities including Saint Lo, Cherbourg, Chambery and Bayonne. At about 7,500 euros per bike, and at least 30,000 euros for a charging station, the bikes are too expensive for the consumer market, but Pragma is working to cut that to 5,000 euros, which would bring their price in line with premium electric bikes. "Many others have made hydrogen bike prototypes, but we are the first to move to series production," said founder and chief executive Pierre Forte. The firm's Alpha bike runs for about 100…


Ethiopian Airlines to Re-launch Zambia’s National Carrier

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Ethiopian Airlines says it has finalized an agreement with Zambia to re-launch the southern African country's national carrier. The partnership with Zambia comes as Ethiopian Airlines is opening new routes and hubs and is acquiring new aircraft. In a statement Tuesday, the airline said it will have a 45 percent stake in the Zambian carrier and it aims to make the Zambian capital, Lusaka, its newest aviation hub. The remaining 55 percent will be acquired by the Zambian government which is aiming to revive the country's aviation sector after Zambia Airways ceased operations on January 2009. "The launching of Zambia Airways will enable the traveling public in Zambia and the Southern African region to enjoy greater connectivity options," said Ethiopian Airlines CEO, Tewolde Gebremariam. "It is only through partnerships among…


Bitcoin, Rival Cryptocurrencies Plunge on Crackdown Fears

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Bitcoin slid as much as 18 percent on Tuesday to a four-week low, as fears of a regulatory crackdown on the market spread after reports suggested it was still possible that South Korea could ban trading in cryptocurrencies. Bitcoin’s slide triggered a selloff across the broader cryptocurrency market, with biggest rival Ethereum down 23 percent on the day at one point, according to trade website Coinmarketcap, and the next-biggest, Ripple, plunging by as much as a third. Bitcoin traded as low as $11,191.59 on the Luxembourg-based Bitstamp exchange. By 1400 GMT it has edged up to $11,650, but that was still down more than 14 percent, leaving it on track for its biggest one-day fall since September. Jamie Burke, chief executive of Outlier Ventures, a venture capital firm that is…


Clean Energy Investment Rose to $333.5B in 2017, Research Shows

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New clean energy investment worldwide rose by 3 percent last year to $333.5 billion from a year earlier, driven by a surge in solar photovoltaic (PV) installations, research showed on Tuesday. The figure is below 2015's record amount of $360.3 billion, Bloomberg New Energy Finance (BNEF) said in an annual report. Solar investment totaled $160.8 billion in 2017, up 18 percent from the previous year even though technology costs have fallen. Just over half of that was spent in China, the research showed. "The 2017 total is all the more remarkable when you consider that capital costs for the leading technology — solar — continue to fall sharply. Typical utility-scale PV systems were about 25 percent cheaper per megawatt last year than they were two years earlier," said Jon Moore, the chief…


US Net Neutrality Move May Lead to Trade War with Chinese Internet Firms

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A recent decision by the United States' Federal Communications Commission to repeal net neutrality, which are rules designed to prevent the selective blocking or slowing of websites, has wide-ranging implications for China, which never believed in net neutrality and banned hundreds of foreign websites. The decision could result in a major trade war involving Chinese telecom and Internet companies, which are interested in accessing the U.S. market, analysts said. The move will allow American telecom service providers to charge differential prices for various services and even examine the data of their customers. Though this aspect has stirred controversy in the United States, the situation there is still very different from the realities in China. "In China, the government is monitoring and controlling the networks whereas [in U.S.] it is, at…