US Supreme Court Considers Limits on Government in Key Privacy Case

The U.S. Supreme Court signaled Wednesday it may be open to new limits on the government’s ability to track someone’s movements by accessing data on that person’s cellphone. A case before the high court could result in a landmark decision in the ongoing debate over civil liberties protections in an era of rapid technological change. At issue is whether law enforcement will be able to access cellphone data that can…

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US Trial Threatens Funding for Turkey’s Dollar-dependent Banks

Turkey’s deteriorating finances are hurting the country’s banks whose reliance on dollar funding makes them vulnerable to the worst-case scenario: a sudden halt or reversal of foreign investment flows. International investors are growing nervous about Turkey for a variety of reasons. But U.S. legal action against a number of Turkish individuals over alleged Iran sanctions busting – and the risk that some of the country’s banks might be sucked into…

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Things You Might Not Know About Bubbly Bitcoin

Bitcoin blasted past $11,000 to hit a record high for the sixth day in a row on Wednesday after gaining more than $1,000 in just 12 hours, stoking concerns that a rapidly swelling bubble could be set to burst in spectacular fashion. Here are some facts that you might not know about the largest and best-known cryptocurrency. HOW MANY ARE THERE? Bitcoin’s supply is limited to 21 million — a…

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Facebook to Give Relief Groups Data on Users’ Needs

Facebook is giving disaster-relief organizations such as the Red Cross access to data on what users need and where they are as part of an expansion of tools available for relief and charitable giving. While Facebook users can already see individual pleas and offers for help during a crisis, relief groups will get a broader set of data similar to what Facebook sees. That includes real-time maps showing where people…

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India Unveils New Recommendations to Reinforce Strict Net Neutrality

India has strongly backed a free and open Internet, with its telecom regulator recommending stringent regulations on net neutrality – the concept of ensuring equal access to the web — saying it is important the Internet is not “cannibalized.”   India’s push for net neutrality comes at a time when the United States has unveiled plans to roll back regulations on it.  “The core principles of net neutrality, non-discriminatory treatment of…

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India’s GES Conference Focuses on More Women Entrepreneurs

This week, more than 1,000 entrepreneurs, business executives and government officials are in Hyderabad India to discuss ways to empower people to start businesses and build networks. The focus of the 8th annual Global Entrepreneurship Summit is women, who still lag behind men when it comes to founding businesses and getting funding. Michelle Quinn reports from Hyderabad. …

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US Ethanol Makers, Looking to Reduce Biofuel Glut, Call on Mexico, India

U.S. ethanol producers, looking to relieve a growing domestic glut, are hunting for new international fuel markets to replace China and Brazil after trade disputes slashed exports to those top buyers. Without new markets, U.S. producers may have to pare output after spending hundreds of millions of dollars on biofuel production plants in recent years. Currently, the most promising potential destinations for U.S. fuel exports appear to be Mexico and…

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Trump Administration Permits ENI to Drill for Oil Off Alaska

Eni US could begin work on oil exploration in federal waters off Alaska as soon as next month after the Trump administration on Tuesday approved permits for leases the company has held for a decade, the Interior Department said. The department’s Bureau of Safety and Environmental Enforcement, issued Eni US, a unit of Italy’s Eni, a permit to explore for oil from an artificial island in the Beaufort Sea. Eni…

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