Author: Reuters

HONG KONG/SINGAPORE (Reuters) – China’s Huawei Technologies overtook Apple Inc to become the world’s second-biggest smartphone seller in the June quarter, data from market research firms showed, as it gained ground in Europe and expanded its lead back home.

In the eastern Chinese city of Hangzhou, an ambulance speeds through traffic on a wave of green lights, helped along by an artificial intelligence (AI) system and big data.

Satellites have gradually been capturing more frequent images of the world’s tropical forests with greater detail. In recent years, researchers at the University of Maryland developed an automated early-warning system to notify authorities of likely forest loss, said Finer.

PayPal Holdings Inc has agreed to acquire fraud prevention technology company Simility for $120 million in cash, it said on Thursday.

SAN FRANCISCO (Reuters) – Facebook Inc-owned social network Instagram launched a mobile app on Wednesday dedicated to user-generated videos up to an hour long, intensifying the competition for consumers’ time among ad-supported streaming services such as YouTube.

Cryptocurrencies are not scalable and are more likely to suffer a breakdown in trust and efficiency the greater the number of people using them, the Bank of International Settlements (BIS) said on Sunday in its latest warning about the rise of virtual currencies.

In a statement on its website on Monday, Coinrail said its system was hit by “cyber intrusion” on Sunday, causing a loss for about 30 percent of the coins traded on the exchange. It did not quantify its value, but in an unsourced report local news outlet Yonhap news estimated that about 40 billion won ($37.28 million) worth of virtual coins were stolen.

The former head of Cambridge Analytica admitted on Wednesday his firm had received data from the researcher at the centre of a scandal over Facebook users’ personal details, contradicting previous testimony to lawmakers.

“One problem that we’re seeing in addition to the criminal activity like drug trafficking and money laundering using cryptocurrencies is the theft of these tokens by bad guys,” Dave Jevans, chief executive officer of cryptocurrency security firm CipherTrace, told Reuters in an interview.

Messaging service WhatsApp rolled out new group-chat features on Tuesday, including more controls for administrators as well as regular group members.