US tech firms will likely influence decision on whether Huawei’s license will be extended, research firm says

U.S. President Donald Trump is set to decide Monday on whether to extend a temporary agreement allowing Huawei to do business in the U.S. — and Washington’s decision will likely be influenced by American tech firms, according to research firm International Data Corporation. The U.S. Commerce Department placed the Chinese tech giant on a blacklist — the so-called Entity List — in May, preventing American companies from selling or transferring technology to Huawei unless they were granted a specia


U.S. President Donald Trump is set to decide Monday on whether to extend a temporary agreement allowing Huawei to do business in the U.S. — and Washington’s decision will likely be influenced by American tech firms, according to research firm International Data Corporation. The U.S. Commerce Department placed the Chinese tech giant on a blacklist — the so-called Entity List — in May, preventing American companies from selling or transferring technology to Huawei unless they were granted a specia
US tech firms will likely influence decision on whether Huawei’s license will be extended, research firm says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, license, firm, extended, likely, influence, firms, huawei, american, set, president, temporary, decision, extend, 90, huaweis, research, tech, days


US tech firms will likely influence decision on whether Huawei's license will be extended, research firm says

U.S. President Donald Trump is set to decide Monday on whether to extend a temporary agreement allowing Huawei to do business in the U.S. — and Washington’s decision will likely be influenced by American tech firms, according to research firm International Data Corporation.

The U.S. Commerce Department placed the Chinese tech giant on a blacklist — the so-called Entity List — in May, preventing American companies from selling or transferring technology to Huawei unless they were granted a special license. Days later, the U.S. government eased some of those restrictions for 90 days. That temporary reprieve is set to end on Monday.

According to Reuters and the Wall Street Journal, the U.S. is going to extend the license by another 90 days that will allow Huawei to continue buying parts from American companies.

“This is about, in my opinion, as much about the pressure that U.S. components suppliers are exerting on the government as opposed to say punishing Huawei,” Crawford Del Prete, president at IDC, told CNBC’s “Squawk Box ” on Monday.


Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, license, firm, extended, likely, influence, firms, huawei, american, set, president, temporary, decision, extend, 90, huaweis, research, tech, days


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Amazon says its facial recognition can now identify fear

Amazon said this week its facial recognition software can detect a person’s fear. Rekognition is one of many Amazon Web Services (AWS) cloud services available for developers. It can be used for facial analysis or sentiment analysis, which identifies different expressions and predicts emotions from images of people’s faces. “With this release, we have further improved the accuracy of gender identification,” Amazon said in a blog post. “In addition, we have improved accuracy for emotion detection


Amazon said this week its facial recognition software can detect a person’s fear. Rekognition is one of many Amazon Web Services (AWS) cloud services available for developers. It can be used for facial analysis or sentiment analysis, which identifies different expressions and predicts emotions from images of people’s faces. “With this release, we have further improved the accuracy of gender identification,” Amazon said in a blog post. “In addition, we have improved accuracy for emotion detection
Amazon says its facial recognition can now identify fear Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, fear, emotion, improved, identify, emotions, accuracy, analysis, week, amazon, services, gender, facial, recognition


Amazon says its facial recognition can now identify fear

Amazon said this week its facial recognition software can detect a person’s fear.

Rekognition is one of many Amazon Web Services (AWS) cloud services available for developers. It can be used for facial analysis or sentiment analysis, which identifies different expressions and predicts emotions from images of people’s faces. The service uses artificial intelligence to “learn” from the reams of data it processes.

The tech giant revealed updates to the controversial tool on Monday that include improving the accuracy and functionality of its face analysis features such as identifying gender, emotions and age range.

“With this release, we have further improved the accuracy of gender identification,” Amazon said in a blog post. “In addition, we have improved accuracy for emotion detection (for all 7 emotions: ‘Happy’, ‘Sad’, ‘Angry’, ‘Surprised’, ‘Disgusted’, ‘Calm’ and ‘Confused’) and added a new emotion: ‘Fear.'”


Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, fear, emotion, improved, identify, emotions, accuracy, analysis, week, amazon, services, gender, facial, recognition


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China fixes yuan midpoint at 7.0211 on Monday — weaker than 7 for three consecutive sessions

The People’s Bank of China set the official midpoint reference for the yuan at 7.0211 per dollar on Monday — weaker than Friday’s session, but stronger than what market watchers predicted. This is the third consecutive session where the central bank set the midpoint at a level weaker than the psychologically important 7-yuan-per-dollar level. A weaker currency makes a country’s exports cheaper and the Trump administration has consistently complained that a cheaper yuan will give China a trade ad


The People’s Bank of China set the official midpoint reference for the yuan at 7.0211 per dollar on Monday — weaker than Friday’s session, but stronger than what market watchers predicted. This is the third consecutive session where the central bank set the midpoint at a level weaker than the psychologically important 7-yuan-per-dollar level. A weaker currency makes a country’s exports cheaper and the Trump administration has consistently complained that a cheaper yuan will give China a trade ad
China fixes yuan midpoint at 7.0211 on Monday — weaker than 7 for three consecutive sessions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, china, currency, trade, weaker, session, set, midpoint, rate, yuan, consecutive, dollar, sessions, 70211, fixes


China fixes yuan midpoint at 7.0211 on Monday — weaker than 7 for three consecutive sessions

The People’s Bank of China set the official midpoint reference for the yuan at 7.0211 per dollar on Monday — weaker than Friday’s session, but stronger than what market watchers predicted.

This is the third consecutive session where the central bank set the midpoint at a level weaker than the psychologically important 7-yuan-per-dollar level.

Analysts were expecting the PBOC to set the midpoint at 7.0331 per dollar, according to Reuters estimates.

Investors have been monitoring the dollar/yuan exchange rate closely following an escalation in trade tensions between Beijing and Washington.

The yuan depreciated past 7 per dollar on Monday last week for the first time since the global financial crisis in 2008, which prompted the U.S. Treasury Department to designate China as a currency manipulator. A weaker currency makes a country’s exports cheaper and the Trump administration has consistently complained that a cheaper yuan will give China a trade advantage.

The PBOC allows the local currency to fluctuate against the greenback within a narrow band of 2% from each day’s midpoint. This is known as the onshore yuan, whereas the less restrictive exchange rate used outside mainland China is known as the offshore yuan.

Onshore yuan was near flat at 7.0613 per dollar while the offshore yuan traded around 7.0887 on Monday at 11.24 a.m. HK/SIN.


Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, china, currency, trade, weaker, session, set, midpoint, rate, yuan, consecutive, dollar, sessions, 70211, fixes


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Major Asia Pacific markets higher; trade war concerns dampen investor sentiment

Major markets in Asia Pacific closed higher on Monday, following a volatile week for global markets as growing trade war fears dented investor sentiment. Mainland Chinese markets bounced back from the previous week’s losses to close higher Monday. Markets in rest of the region rose, with major indexes in Japan, India and Singapore closed for public holidays. Major miners struggled for gains: Rio Tinto shares tumbled 2.75%, BHP shares were down 0.75% and Fortescue dropped 3.99%. “A risk-off tone


Major markets in Asia Pacific closed higher on Monday, following a volatile week for global markets as growing trade war fears dented investor sentiment. Mainland Chinese markets bounced back from the previous week’s losses to close higher Monday. Markets in rest of the region rose, with major indexes in Japan, India and Singapore closed for public holidays. Major miners struggled for gains: Rio Tinto shares tumbled 2.75%, BHP shares were down 0.75% and Fortescue dropped 3.99%. “A risk-off tone
Major Asia Pacific markets higher; trade war concerns dampen investor sentiment Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: weizhen tan saheli roy choudhury, weizhen tan, saheli roy choudhury
Keywords: news, cnbc, companies, pacific, concerns, sentiment, trade, major, higher, war, losses, week, markets, tumbled, close, shares, hong, investor, dampen


Major Asia Pacific markets higher; trade war concerns dampen investor sentiment

Major markets in Asia Pacific closed higher on Monday, following a volatile week for global markets as growing trade war fears dented investor sentiment.

Mainland Chinese markets bounced back from the previous week’s losses to close higher Monday. The Shanghai composite traded up 1.45% to close at 2,814.99 while the Shenzhen composite added 1.92% to 1,508.21. Hong Kong’s Hang Seng index was fractionally higher at 25,962.42 as of 3:15 p.m. HK/SIN.

But, shares of Hong Kong flag carrier Cathay Pacific tumbled more than 4% as of 3:15 p.m. HK/SIN after it suspended a pilot for his involvement in the ongoing anti-government protests in the city. The carrier said “overly radical” staff would be barred from crewing flights to the mainland. Cathay’s decision came a day after China’s aviation authority issued a “major aviation safety risk warning” to the airline.

Unrest in Hong Kong continued into its 10th week, with police and protesters clashing on Sunday.

Markets in rest of the region rose, with major indexes in Japan, India and Singapore closed for public holidays.

Australia’s benchmark S&P/ASX 200 retraced some of its early losses to climb marginally higher to 6,590.30. Major miners struggled for gains: Rio Tinto shares tumbled 2.75%, BHP shares were down 0.75% and Fortescue dropped 3.99%.

In South Korea, the Kospi clawed back losses to rise 0.23% to close at 1,942,29.

Overall, MSCI’s broadest index of Asia-Pacific shares outside Japan was almost flat.

“Trade tensions continued to drive financial market moves going into the end of the week, with markets very sensitive to reports on the US-China relationship,” Jack Chambers from ANZ Research wrote in a Monday morning note. “A risk-off tone hit the markets as President Trump warned that talks scheduled for next month may not take place.”


Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: weizhen tan saheli roy choudhury, weizhen tan, saheli roy choudhury
Keywords: news, cnbc, companies, pacific, concerns, sentiment, trade, major, higher, war, losses, week, markets, tumbled, close, shares, hong, investor, dampen


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Major Asia Pacific markets higher; trade war concerns dampen investor sentiment

Major markets in Asia Pacific closed higher on Monday, following a volatile week for global markets as growing trade war fears dented investor sentiment. Mainland Chinese markets bounced back from the previous week’s losses to close higher Monday. Markets in rest of the region rose, with major indexes in Japan, India and Singapore closed for public holidays. Major miners struggled for gains: Rio Tinto shares tumbled 2.75%, BHP shares were down 0.75% and Fortescue dropped 3.99%. “A risk-off tone


Major markets in Asia Pacific closed higher on Monday, following a volatile week for global markets as growing trade war fears dented investor sentiment. Mainland Chinese markets bounced back from the previous week’s losses to close higher Monday. Markets in rest of the region rose, with major indexes in Japan, India and Singapore closed for public holidays. Major miners struggled for gains: Rio Tinto shares tumbled 2.75%, BHP shares were down 0.75% and Fortescue dropped 3.99%. “A risk-off tone
Major Asia Pacific markets higher; trade war concerns dampen investor sentiment Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: weizhen tan saheli roy choudhury, weizhen tan, saheli roy choudhury
Keywords: news, cnbc, companies, dampen, close, investor, markets, pacific, higher, tumbled, week, shares, concerns, trade, war, losses, sentiment, hong, major


Major Asia Pacific markets higher; trade war concerns dampen investor sentiment

Major markets in Asia Pacific closed higher on Monday, following a volatile week for global markets as growing trade war fears dented investor sentiment.

Mainland Chinese markets bounced back from the previous week’s losses to close higher Monday. The Shanghai composite traded up 1.45% to close at 2,814.99 while the Shenzhen composite added 1.92% to 1,508.21. Hong Kong’s Hang Seng index was fractionally higher at 25,962.42 as of 3:15 p.m. HK/SIN.

But, shares of Hong Kong flag carrier Cathay Pacific tumbled more than 4% as of 3:15 p.m. HK/SIN after it suspended a pilot for his involvement in the ongoing anti-government protests in the city. The carrier said “overly radical” staff would be barred from crewing flights to the mainland. Cathay’s decision came a day after China’s aviation authority issued a “major aviation safety risk warning” to the airline.

Unrest in Hong Kong continued into its 10th week, with police and protesters clashing on Sunday.

Markets in rest of the region rose, with major indexes in Japan, India and Singapore closed for public holidays.

Australia’s benchmark S&P/ASX 200 retraced some of its early losses to climb marginally higher to 6,590.30. Major miners struggled for gains: Rio Tinto shares tumbled 2.75%, BHP shares were down 0.75% and Fortescue dropped 3.99%.

In South Korea, the Kospi clawed back losses to rise 0.23% to close at 1,942,29.

Overall, MSCI’s broadest index of Asia-Pacific shares outside Japan was almost flat.

“Trade tensions continued to drive financial market moves going into the end of the week, with markets very sensitive to reports on the US-China relationship,” Jack Chambers from ANZ Research wrote in a Monday morning note. “A risk-off tone hit the markets as President Trump warned that talks scheduled for next month may not take place.”


Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: weizhen tan saheli roy choudhury, weizhen tan, saheli roy choudhury
Keywords: news, cnbc, companies, dampen, close, investor, markets, pacific, higher, tumbled, week, shares, concerns, trade, war, losses, sentiment, hong, major


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China fixes its yuan midpoint at 7.0136 per dollar, setting it weaker than 7 for the second time this week

It was the second time this week that the People’s Bank of China set the daily benchmark at a weaker level than the psychologically important 7-yuan-per-dollar. That followed Thursday’s midpoint rate of 7.0039 yuan per dollar. Analysts were expecting China to set the midpoint at 7.0222 per dollar on Friday, according to Reuters estimates. Onshore yuan traded at 7.0487 per dollar while the offshore yuan traded at 7.0725 at 2:42 p.m. HK/SIN Friday. But I wouldn’t expect too weak a yuan going forwa


It was the second time this week that the People’s Bank of China set the daily benchmark at a weaker level than the psychologically important 7-yuan-per-dollar. That followed Thursday’s midpoint rate of 7.0039 yuan per dollar. Analysts were expecting China to set the midpoint at 7.0222 per dollar on Friday, according to Reuters estimates. Onshore yuan traded at 7.0487 per dollar while the offshore yuan traded at 7.0725 at 2:42 p.m. HK/SIN Friday. But I wouldn’t expect too weak a yuan going forwa
China fixes its yuan midpoint at 7.0136 per dollar, setting it weaker than 7 for the second time this week Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-09  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, 70136, traded, china, level, set, kumada, yuan, midpoint, dollar, going, bank, fixes, weaker, second, week, setting


China fixes its yuan midpoint at 7.0136 per dollar, setting it weaker than 7 for the second time this week

China’s central bank on Friday set the official midpoint reference for the yuan at 7.0136 per dollar — the weakest level since April 3, 2008 but stronger than what analysts were expecting.

It was the second time this week that the People’s Bank of China set the daily benchmark at a weaker level than the psychologically important 7-yuan-per-dollar.

That followed Thursday’s midpoint rate of 7.0039 yuan per dollar. Analysts were expecting China to set the midpoint at 7.0222 per dollar on Friday, according to Reuters estimates.

Onshore yuan traded at 7.0487 per dollar while the offshore yuan traded at 7.0725 at 2:42 p.m. HK/SIN Friday.

“The pressure on the yuan will be, if anything, on the downside as long as we have uncertainties surrounding the broader outlook in trade and some other issues,” ” Mikio Kumada, executive director and global strategist at LGT Capital Partners, told CNBC’s “Street Signs ” on Friday. “And also because the direction that the Chinese domestic economy is going is one that requires more stimulus and easing.”

“That’s not something that fundamentally strengthens a currency,” he said.

The PBOC will “manage to keep (the yuan) broadly stable — probably for a while, it will keep a 7 handle and slightly north to 8. But I wouldn’t expect too weak a yuan going forward either,” Kumada added.


Company: cnbc, Activity: cnbc, Date: 2019-08-09  Authors: saheli roy choudhury
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Pakistan reacts to India’s revoking of Kashmir’s special status amid rising tensions

Pilgrims with their luggage seen going to the railway station during restrictions on Aug. 5, 2019 in Jammu, India. Nitin Kanotra | Hindustan Times | Getty ImagesPakistan has blamed India for illegally scrapping Kashmir’s special status, as tensions rise between the two nations. On Monday, Pakistan government said that New Delhi’s move to revoke a special status granted to the Indian state of Jammu and Kashmir was in breach of international law. Jammu and Kashmir is India’s only Muslim-majority s


Pilgrims with their luggage seen going to the railway station during restrictions on Aug. 5, 2019 in Jammu, India. Nitin Kanotra | Hindustan Times | Getty ImagesPakistan has blamed India for illegally scrapping Kashmir’s special status, as tensions rise between the two nations. On Monday, Pakistan government said that New Delhi’s move to revoke a special status granted to the Indian state of Jammu and Kashmir was in breach of international law. Jammu and Kashmir is India’s only Muslim-majority s
Pakistan reacts to India’s revoking of Kashmir’s special status amid rising tensions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, kashmirs, reacts, indias, rising, state, pakistan, tensions, amid, india, told, special, kashmir, jammu, international, indian, region, revoking, status


Pakistan reacts to India's revoking of Kashmir's special status amid rising tensions

Pilgrims with their luggage seen going to the railway station during restrictions on Aug. 5, 2019 in Jammu, India. Nitin Kanotra | Hindustan Times | Getty Images

Pakistan has blamed India for illegally scrapping Kashmir’s special status, as tensions rise between the two nations. On Monday, Pakistan government said that New Delhi’s move to revoke a special status granted to the Indian state of Jammu and Kashmir was in breach of international law. The Indian High Commissioner to Pakistan, Ajay Bisaria, was summoned by Islamabad’s ministry of foreign affairs. During that meeting, “the Foreign Secretary conveyed Pakistan’s unequivocal rejection of these illegal actions as they are in breach of international law and several UN Security Council resolutions,” Pakistan’s foreign ministry said in a statement. On Monday, Interior Minister Amit Shah told India’s parliament that the central government would scrap Article 370, a constitutional provision that allows Jammu and Kashmir to make its own laws and grants special rights and privileges to permanent residents of the state. The order was subsequently approved by the Indian president. Jammu and Kashmir is India’s only Muslim-majority state and is part of the broader disputed Kashmir region. Pakistan called for a joint session of its parliament on Tuesday while the country’s army chief summoned an important conference to discuss regional security, local media reported. Analysts told CNBC that Monday’s move in New Delhi will likely intensify the animosity between the nuclear-powered rivals who’ve fought multiple wars over Kashmir.

International pressure

Pakistan will likely increase diplomatic pressure on India by turning to the international community, experts said. “They will continue to raise this at multilateral forums, including the UN General Assembly, to bring diplomatic attention back to India’s actions,” Akhil Bery, South Asia analyst at risk consultancy Eurasia Group, told CNBC. India deployed tens of thousands of troops across the Kashmir Valley in anticipation of a backlash. Authorities also banned public movements, shut down schools and colleges indefinitely and put two former chief ministers of the state under house arrest ahead of the announcement. Moeed Yusuf, associate vice president of the Asia Center at the U.S. Institute of Peace, told CNBC that there will likely be “strong resistance” from locals inside India-controlled Kashmir. “If that happens, Pakistan is surely going to up the diplomatic temperature to raise UN concerns about the human rights aspects of the Indian crackdown,” he said. Bery added that many Kashmiris believe the special provisions are crucial to their identity and they have “long been weary of a strong influence from Delhi.”

Greater military activity along the border

Analysts said they expect greater military activity along the so-called Line of Control, which is the de facto border between the Indian and Pakistani parts of Kashmir, and more unrest in the region. Islamabad said Monday it would “exercise all possible options” to counter the move.

“It’s important to keep in mind that in Kashmir, there’s actually two levels — there’s a domestic level, which is between the central government and the state of (Jammu and) Kashmir. Then, there’s an international component between India and Pakistan,” Faisel Pervaiz, South Asia analyst at Stratfor, told CNBC’s “Squawk Box ” on Tuesday. Both Pakistan and India lay claim to the region in full but control only parts of it. Within the India-controlled region of Kashmir, an insurgency began in the late 1980s when some fought to join Pakistan and some fought for independence. India has accused Pakistan of backing separatists by arming and training them. Islamabad denies that and says it only offers political support to the Kashmiri people, according to Reuters. International agencies have raised concerns over violence and human rights in India-controlled Jammu and Kashmir, as well as in the Pakistan-controlled regions of Azad Kashmir and Gilgit-Baltistan. “There is a long-running insurgency in Kashmir and the question is that is there going to be an uptick in attacks?” Pervaiz said. “Because as we saw back in February, when an uptick in attack happens, that can rapidly escalate tensions.” In February, India and Pakistan carried out air strikes in each others’ territories after a terrorist attack in India-controlled Kashmir killed more than 40 security officers.

The US position


Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, kashmirs, reacts, indias, rising, state, pakistan, tensions, amid, india, told, special, kashmir, jammu, international, indian, region, revoking, status


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Security start-up Cybereason raises $200 million from Japan’s SoftBank

Boston-based online security start-up Cybereason said on Tuesday it raised $200 million in fresh funds from Japan’s SoftBank Group Corp and its affiliates. That brings the total amount of funds the start-up raised to $400 million since it was founded in 2012. The new funds will be used to “grow our global expansion with our partner community,” the CEO and co-founder of Cybereason, Lior Div, told CNBC. The start-up is headquartered in Boston and has offices in Tel Aviv, Tokyo, London, and Sydney


Boston-based online security start-up Cybereason said on Tuesday it raised $200 million in fresh funds from Japan’s SoftBank Group Corp and its affiliates. That brings the total amount of funds the start-up raised to $400 million since it was founded in 2012. The new funds will be used to “grow our global expansion with our partner community,” the CEO and co-founder of Cybereason, Lior Div, told CNBC. The start-up is headquartered in Boston and has offices in Tel Aviv, Tokyo, London, and Sydney
Security start-up Cybereason raises $200 million from Japan’s SoftBank Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: saheli roy choudhury
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Security start-up Cybereason raises $200 million from Japan's SoftBank

Boston-based online security start-up Cybereason said on Tuesday it raised $200 million in fresh funds from Japan’s SoftBank Group Corp and its affiliates.

That brings the total amount of funds the start-up raised to $400 million since it was founded in 2012. Other backers include Lockheed Martin, CRV and Spark Capital. Cybereason did not disclose its valuation.

The new funds will be used to “grow our global expansion with our partner community,” the CEO and co-founder of Cybereason, Lior Div, told CNBC. The start-up is headquartered in Boston and has offices in Tel Aviv, Tokyo, London, and Sydney as well as a presence in all continents.

Div added that Cybereason would also invest in research and development, and look at potential acquisition opportunities in order to stay “one step ahead of hackers.”


Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: saheli roy choudhury
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Cloudflare cuts service to 8chan after El Paso shooting, CEO calls it ‘a cesspool of hate’

U.S. cybersecurity company Cloudflare said on Monday it was terminating services to online message board 8chan after the suspected gunman in the weekend’s El Paso shooting appeared to have used the website before he went on a rampage. “We just sent notice that we are terminating 8chan as a customer effective at midnight tonight Pacific Time,” Matthew Prince, CEO of Cloudflare, wrote in a blog post. Cloudflare provides services to help web sites stay online and load faster. “Based on evidence we’


U.S. cybersecurity company Cloudflare said on Monday it was terminating services to online message board 8chan after the suspected gunman in the weekend’s El Paso shooting appeared to have used the website before he went on a rampage. “We just sent notice that we are terminating 8chan as a customer effective at midnight tonight Pacific Time,” Matthew Prince, CEO of Cloudflare, wrote in a blog post. Cloudflare provides services to help web sites stay online and load faster. “Based on evidence we’
Cloudflare cuts service to 8chan after El Paso shooting, CEO calls it ‘a cesspool of hate’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-05  Authors: saheli roy choudhury
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Cloudflare cuts service to 8chan after El Paso shooting, CEO calls it 'a cesspool of hate'

U.S. cybersecurity company Cloudflare said on Monday it was terminating services to online message board 8chan after the suspected gunman in the weekend’s El Paso shooting appeared to have used the website before he went on a rampage.

“We just sent notice that we are terminating 8chan as a customer effective at midnight tonight Pacific Time,” Matthew Prince, CEO of Cloudflare, wrote in a blog post.

Cloudflare provides services to help web sites stay online and load faster. In particular, it provides protection against denial-of-service attacks, meaning when this protection is lifted, sites may be effectively taken offline. 8chan has been experiencing intermittent lengthy outages since Cloudflare pulled out.

On Saturday, a suspected shooter was said to have posted an anti-immigrant and anti-government screed on the forum before opening fire at a Walmart in El Paso, Texas, which left at least 20 people dead and another 26 wounded.

His post was deleted from one of 8chan’s forums after the shooting started, but forum users archived the document, which contained a link to a PDF version, NBC News reported.

The suspect, identified as 21-year-old Patrick Wood Crusius, cited in his note that the gunman who killed 51 people at a mosque in Christchurch, New Zealand, in March was an inspiration, according to NBC News. The Christchurch shooter had live-streamed the attack online.

“Based on evidence we’ve seen, it appears that he posted a screed to the site immediately before beginning his terrifying attack on the El Paso Walmart killing 20 people,” Prince wrote.

“8chan has repeatedly proven itself to be a cesspool of hate,” he said.

Prince added that even if the online message board did not violate the law by refusing to moderate the “hate-filled” content uploaded by users, it created “an environment that revels in violating its spirit.”

— Reuters and CNBC’s Spencer Kimball contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-08-05  Authors: saheli roy choudhury
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Trump’s new tariffs show he’s reading China all wrong, risk consultancy warns

U.S. President Donald Trump speaks in the Oval Office of the White House in Washington, DC, March 27, 2019. U.S. President Donald Trump’s surprising move to impose more tariffs on China is a serious misreading of China’s pressure points, according to Eurasia Group analysts. “The threat is a serious gamble for Trump,” they said. Trump said Thursday that the U.S. will put 10% tariffs on another $300 billion worth of Chinese goods starting Sept. 1. The announcement came just a day after both sides


U.S. President Donald Trump speaks in the Oval Office of the White House in Washington, DC, March 27, 2019. U.S. President Donald Trump’s surprising move to impose more tariffs on China is a serious misreading of China’s pressure points, according to Eurasia Group analysts. “The threat is a serious gamble for Trump,” they said. Trump said Thursday that the U.S. will put 10% tariffs on another $300 billion worth of Chinese goods starting Sept. 1. The announcement came just a day after both sides
Trump’s new tariffs show he’s reading China all wrong, risk consultancy warns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-02  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, sides, consultancy, trumps, soybeans, china, serious, tariffs, wrong, talks, warns, hes, risk, pressure, reading, president, washington, trump


Trump's new tariffs show he's reading China all wrong, risk consultancy warns

U.S. President Donald Trump speaks in the Oval Office of the White House in Washington, DC, March 27, 2019.

U.S. President Donald Trump’s surprising move to impose more tariffs on China is a serious misreading of China’s pressure points, according to Eurasia Group analysts.

The latest escalation signaled a return to the way Trump negotiated with China — by trying to build more leverage over Beijing amid ongoing talks — before both sides agreed to a ceasefire in late June, Michael Hirson, Paul Triolo and Jeffrey Wright wrote in a Thursday note.

“The threat is a serious gamble for Trump,” they said. “It likely signals that he would prefer to reach a deal on his terms before the 2020 election, and is willing to use the tools at his disposal to build pressure on China to that end.”

Trump said Thursday that the U.S. will put 10% tariffs on another $300 billion worth of Chinese goods starting Sept. 1. In a series of tweets, the president complained that China did not buy “large quantities” of agricultural products from the U.S. like it had agreed to do, and that it did not stop the sale of Fentanyl, a synthetic opioid, to the United States.

China, however, insisted millions of tons of U.S. soybeans have been shipped to the country since July 19, and many companies have made orders for American soybeans, cotton, pork and sorghum, Chinese state media Xinhua said.

The announcement came just a day after both sides wrapped up a round of trade talks in Shanghai, with plans to continue the negotiations in Washington in September.


Company: cnbc, Activity: cnbc, Date: 2019-08-02  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, sides, consultancy, trumps, soybeans, china, serious, tariffs, wrong, talks, warns, hes, risk, pressure, reading, president, washington, trump


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