Twitter to share ad revenue on videos by U.S. users

Twitter, Facebook Inc, Snapchat and YouTube are all competing to keep or recruit top video talent as they seek to cash in on the wave of televison-style advertising that has been moving to the internet. Twitter already offers revenue sharing to media and entertainment companies such as CBS Corp and the National Football League which post videos through its Amplify Publisher Program.

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Google expands nascent ride-sharing service: WSJ

(Reuters) – Alphabet Inc's Google unit plans to open its ride-sharing program to Waze app users in San Francisco this fall, pitting itself against Uber Technologies Inc [UBER.UL], the Wall Street Journal reported. Google in May launched a pilot program around its California headquarters which allowed several thousand area workers at specific firms to carpool together with users of its Wave navigation app, according to the WSJ report. (http://on.wsj.com/2bzJrcN0) Alphabet executive David Drummond on Monday resigned from Uber's board due to increasing competition between the companies. …

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Kaepernick anthem protest prompts backlash from NFL greats

By Amy Tennery NEW YORK (Reuters) – San Francisco 49ers quarterback Colin Kaepernick's sideline protest during the playing of "The Star-Spangled Banner" at a National Football League pre-season game last week has generated criticism from current and former NFL stars. Kaepernick, 28, sat during the national anthem on Friday in a protest against racial injustice in the United States, a move that prompted boos from some fans. Former Pittsburgh Steelers wide receiver Hines Ward wrote in an Instagram post Tuesday that while he can "respect" Kaepernick's cause, he doesn't "agree with the method he chose." "If you want to make a point or take a stand, go straight after the root of that cause," wrote Ward.

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Google cloud unit close to winning PayPal business: CNBC

While Google is the front-runner, the online payments processor is evaluating the other providers and hasn't made any decision yet, CNBC reported, citing people familiar with the matter. PayPal has some existing business with Amazon Web Services, according to the CNBC report.

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Asia’s Most Innovative Universities

China and India have the biggest populations in the Asia-Pacific region, and the economic news coming out of both countries usually dominates world headlines. Out of the top 20 universities, 17 are based in Japan and South Korea. Topping the list as the most innovative university in Asia is KAIST, also known as Korea Advanced Institute of Science & Technology.

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EU telecom regulators adopt strict net neutrality rules, industry dismayed

By Julia Fioretti BRUSSELS (Reuters) – European Union telecoms regulators adopted strict rules on Tuesday limiting how telecoms firms like Vodafone and Orange can prioritize some types of Internet traffic, dealing a blow to an industry hoping to boost revenues. The guidelines on net neutrality – the principle that all Internet traffic should be treated equally – were welcomed by Internet activists. The European Union adopted its first ever net neutrality rules last year and Tuesday's guidelines will be used by regulators to enforce the law.

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Cyber security firm LogRhythm raises $50 million after changing IPO plans

By Heather Somerville SAN FRANCISCO (Reuters) – Cyber security company LogRhythm has raised $50 million from private investors after postponing plans for an initial public offering late last year, the company said on Tuesday, the latest sign of how austere the IPO market has become for some technology start-ups. LogRhythm selected bankers more than a year ago with an eye on a $1 billion-plus IPO in the second half of 2015, Reuters reported last year. “We definitely were contemplating an IPO,” said Dave Welsh, a partner at Adams Street Partners and LogRhythm investor and board member.

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Sri Lankan court detains two after presidential hack over exam date

A Sri Lanka court remanded a man and a teenager in custody on Tuesday on suspicion of hacking into the president's website to demand that authorities abandon a proposal to switch university entrance exams to the new year holiday month of April. "Police filed charges under the Computer Crimes Act and the court remanded the two until Friday," Manju Sri Chandrasean, the lawyer who appeared for the second suspect, told Reuters. President Maithripala Sirisena's website, www.president.gov.lk, was first hacked on Thursday and then again on Friday.

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Exclusive: Six U.S. senators urge Obama to prioritize cyber crime at G20 summit

By Jonathan Spicer NEW YORK (Reuters) – Six U.S. senators have urged President Barack Obama to prioritize cyber crime at this weekend's Group of 20 summit in China, in the wake of the theft of $81 million from Bangladesh's central bank, according to a letter obtained by Reuters. In the letter sent to the White House ahead of the Sept. 4-5 summit, Sherrod Brown, a senior Democrat on the Senate Banking Committee, and five other Democratic senators say they want the U.S. president to press leaders from the world's 20 biggest economies to commit in joint communiques to a "coordinated strategy to combat cyber-crime at critical financial institutions." The letter, dated Monday, suggests that concern among U.S. lawmakers is growing over the February incident in which hackers breached Bangladesh Bank's systems and used the SWIFT banking network to request nearly $1 billion from an account held at the Federal Reserve […]

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Livestream of Kim Dotcom extradition hearing a first for New Zealand

By Charlotte Greenfield WELLINGTON (Reuters) – A New Zealand judge gave permission on Tuesday for the hearing of German tech entrepreneur Kim Dotcom's appeal against his extradition to be streamed on YouTube, making it the country's first court case to be broadcast on the Internet. The six-week hearing opened in Auckland this week, nine months after a lower court ruled Kim Dotcom could be sent to the United States to face copyright infringement and money-laundering charges over the filesharing website Megaupload. The case has been closely watched by the media industry and developers in the file-sharing business for signs of how far the United States is willing to go to protect U.S. copyright holders.

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China regulator to curb news that promotes ‘Western lifestyles’

China will crack down on social and entertainment news that promotes improper values and "Western lifestyles", the country's broadcasting regulator said, the latest effort at censorship in an already strictly regulated media environment. President Xi Jinping has embarked on an unprecedented drive to censor media that do not reflect the views of Communist Party leaders. Authorities have already issued rules limiting "foreign-inspired" television shows and put tougher penalties on the spread of rumors via social media.

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Ritchie Bros to buy U.S. e-commerce site IronPlanet for $758 million

(Reuters) – Canadian industrial auctioneer Ritchie Bros Auctioneers Inc said it will buy IronPlanet, a privately held U.S. e-commerce site for used equipment, for about $758.5 million, as it looks to diversify its portfolio. Burnaby, Vancouver-based Ritchie, which focuses on the sale of heavy machinery, will fund the transaction with a combination of cash and new debt. IronPlanet, backed by Caterpillar Inc , allows users to place bids online or on-site, or buy at a fixed price.

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Exclusive: Six U.S. senators urge Obama to prioritize cyber at G20 in China

By Jonathan Spicer NEW YORK (Reuters) – Six U.S. senators have urged President Barack Obama to prioritize cyber crime at this weekend's G20 summit in China, in the wake of the theft of $81 million from Bangladesh's central bank, according to a letter obtained by Reuters. In the letter sent to the White House ahead of the Sept. 4-5 summit, Sherrod Brown, a senior Democrat on the Senate Banking Committee, and five other senators say they want the U.S. President to press leaders from the world's 20 biggest economies to commit in joint communiques to a "coordinated strategy to combat cyber-crime at critical financial institutions." The letter, dated Monday, suggests concern among U.S. lawmakers is growing over the February incident in which hackers breached Bangladesh Bank's systems and used the SWIFT banking network to request nearly $1 billion from an account held at the Federal Reserve Bank of New York.

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Sri Lanka police arrest teen over hacking president’s website

Sri Lanka police on Monday arrested a 17-year old school boy on suspicion of hacking into the president's official website, demanding that his university entrance examination dates not be changed, officials said on Monday. The website of President Maithripala Sirisena, www.president.gov.lk, was first hacked on Thursday and then again on Friday. The hacker, who made his claim as "The Sri Lankan Youth", posted a message on the website demanding a presidential election immediately if Sirisena was unable to address his demand of not changing the examination dates to April, the month most Sri Lankans celebrate traditional new year.

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Germany wants Facebook to take initiative in fight against online hate

By Thorsten Severin and Andrea Shalal BERLIN (Reuters) – Germany's interior minister visited Facebook's offices in Berlin on Monday and said it should be more proactive in removing forbidden content from its social network platform. "Facebook should take down racist content or calls for violence from its pages on its own initiative even if it hasn't yet received a complaint," Thomas de Maiziere said. "Facebook has an immensely important economic position and just like every other large enterprise it has a immensely important social responsibility." The German government has been critical of Facebook in the past.

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