• YouTube warns against Article 13 consequences

      YouTube warns against Article 13 consequences

      The controversial EU’s copyright directive, Article 13 has come under scrutiny yet again from national and international media, after YouTube CEO Susan Wojcicki publicly warned that if the European Parliament passes Article 13, it “will create unintended consequences that will have a profound impact on the livelihoods of hundreds of thousands of people.”

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    • Facebook gives special access to French regulators

      Facebook gives special access to French regulators

      Starting from January, Facebook will give French regulators unprecedented access to its internal processes, so they could examine the social network's human and algorithmic moderation processes and verify Facebook’s goodwill. The informal investigation will continue six months and is aimed at monitoring how Facebook manages and removes certain kinds of illicit content as part of a pilot program to establish a new model for regulating global technology companies determine.

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    • VW to produce more than 50m electric cars

      VW to produce more than 50m electric cars

      Volkswagen is readying its production facilities to make 50m electric cars over the next several years, the automaker’s CEO Herbert Diess told Automotive News in an interview published 12 November. The announcement comes as Volkswagen continues to move past the 2015 Dieselgate emission scandal and follows the UK ban on new diesel vehicles altogether.

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    • Alibaba nets record $30bn in Singles' Day sales

      Alibaba nets record $30bn in Singles' Day sales

      Chinese e-commerce giant Alibaba Group Holding Ltd made a record 213.5bn yuan ($30.7bn) in sales on Sunday during its annual 24-hour online retail frenzy Singles’ Day, showing robust consumer demand despite concerns about China’s economic growth slowdown. The 10th annual Chinese shopping bonanza, which was originally a novelty student holiday to celebrate being single, countering Valentines Day,  got off to a strong start with sales hitting $1bn in the first minute and 25 seconds. Just over an hour in, and sales exceeded $10bn. In under sixteen hours, furthermore, company's sales have already surpassed last year's record of $24.15bn, with more than a billion orders made.

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    • Microsoft becomes 2nd-most valuable US company

      Microsoft becomes 2nd-most valuable US company

      Microsoft just regained its position as the second most valuable US company by market capitalisation after losing it to Amazon back in April this year. The news comes after Microsoft reported good quarterly profit driven by its cloud computing business and its Surface hardware division whereas Amazon lost $65bn off of its market cap.

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    • KONTRAKTO wins €10,000 at Innowave

      KONTRAKTO wins €10,000 at Innowave

      During this year’s edition of InnoWave Summit some of the best startups in the area of blockchain technology had the chance to win a prize pool worth €210,000 - €10,000 in the form of a cash prize and €200,000 in the form of investments. In the “Pitch Your Blockchain Startup” competition the Bulgarian startup KONTRAKTO, founded by Marten Demirev won the €10,000 cash prize by presenting a quick and easy solution in day-to-day transactions and contracts for both users and businesses.

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    • Yahoo pays $50m in damages for massive data hack

      Yahoo pays $50m in damages for massive data hack

      Yahoo will have to pay $50m in damages as part of a settlement filed Monday, following massive data breaches in 2013 and 2014. In addition, the company will cover up to $35m on lawyer fees related to the case and provide affected 200m users in the US with credit monitoring services for two years via AllClear, a package that would retail for around $350. Finally, those who paid for premium Yahoo email services are eligible for a 25 percent refund.

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    • Whitbread plans major push into German hotels market

      Whitbread plans major push into German hotels market

      Premier Inn’s owner Whitbread announced it will “stamp across Europe” using proceeds from its sale of Costa Coffee. The company is planning a push into Germany’s €52.6bn hotel market, where it currently has one Premier Inn in Frankfurt, with plans to open in Munich and Hamburg in the coming months — bringing its total to 33 hotels and 6,000 rooms in Germany by 2021 and making it one of the biggest budget hotel operators in that country.

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    • YouTube to invest $20m in educational content

      YouTube to invest $20m in educational content

      YouTube announced Monday it is putting $20m into a series of education initiatives, including a fund to support YouTube creators making learning-based videos and providing them with more resources to better monetise their videos. Channels like TED-Ed, dedicated to educational Ted Talks, and Hank and John Green’s Crash Course, for instance, have already secured additional funding, according to YouTube’s blog post. It's however unclear how much of the $20m will go toward grants for creators.

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