Sberbank, Russia's top lender, plans to buy Yandex.Dengi, an online payment service owned by Russian search engine Yandex, a source familiar with the matter said.
Sberbank declined to comment. Yandex, which was not available to comment, was expected to hold a news conference on Wednesday.
Sberbank, which accounts for a third of overall lending in Russia, has been expanding in the consumer credit market...
Tubular raises $2.5 million to serve burgeoning YouTube industry
Labels: Technology Tubular, a small San Francisco start-up that provides analytics for YouTube content creators, has raised $2.5 million in venture capital in the latest sign of how far the business ecosystem has evolved around the Google-owned video repository.YouTube was once known as Wild West of online video, but over the past two years Google has focused on raising the quality of YouTube content through a...
Instagram tests new limits in user privacy
Labels: Technology Instagram, which spurred suspicions this week that it would sell user photos after revising its terms of service, has sparked renewed debate about how much control over personal data users must give up to live and participate in a world steeped in social media.In forcefully establishing a new set of usage terms, Instagram, the massively popular photo-sharing service owned by Facebook Inc, has...
FTC tightens rules protecting children's online privacy
Labels: Technology The government announced tighter rules on Wednesday to protect children's online privacy by restricting the collection of data, like the child's location, unless parents consent.The actions by the Federal Trade Commission mark an update to rules that were based on the 1998 Children's Online Privacy Protection Act, developed when most computers were big beige boxes sitting under office desks...
Vatican takes first spot in Internet domain name draw
Labels: TechnologyThe Vatican has come out in first place in a long-awaited draw to expand the Internet address system with new domain names that go beyond the usual .com, .org or .net endings.ICANN, the corporation that oversees the Internet address system, announced this week the domain name .catholic written in Chinese characters will be the first bid it considers in a drive to expand and reorganize sites on the...
Highlights from Egypt's draft constitution
Labels: WorldCAIRO (AP) — Egypt's draft constitution, which is being voted on in a referendum Saturday, is made up of an introduction, an 11-part preamble and 236 articles. Critics have raised concerns over issues including Islamic law and women's rights:— Shariah (Islamic) lawLike a previous constitution, the draft states, "Principles of Islamic Shariah are the principal source of legislation." For the first...
Oman holds first municipal elections
Labels: WorldMUSCAT, Oman (AP) — Oman says more than 1,400 candidates are competing in the Gulf nation's first municipal elections, a concession following Arab Spring-linked unrest.Oman has seen sporadic protests demanding more job opportunities and a greater public voice in the tightly run sultanate.The official Omani News Agency says the candidates, including 46 women, are vying Saturday for 192 seats on local...
Egyptians vote on disputed constitution
Labels: WorldCAIRO (AP) — Egyptians voted on Saturday in the second and final phase of a referendum on an Islamist-backed constitution that has polarized the nation, with little indication that the result of the vote will end the political crisis in which the country is mired.For some supporters, a 'yes' vote was a chance to restore some normalcy after nearly two years of tumultuous transitional politics following...
Correction: Bahrain-Security Summit story
Labels: WorldMANAMA, Bahrain (AP) — In a story Dec. 8 about a security summit in Bahrain, The Associated Press reported erroneously that Saudi Arabia's Deputy Foreign Minister Prince Abdulaziz bin Abdullah said in a speech that Gulf states should quash any Arab Spring-inspired unrest. Prince Abdulaziz said, "Tampering with the stability and security of any Gulf Arab state is considered as tampering with the security...
Yemen court sentences 3 militants to up to 6 years
Labels: WorldSANAA, Yemen (AP) — Yemen's state security court has sentenced three al-Qaida militants to up to six years in prison for planning attacks on security forces, foreign diplomatic missions and state institutions.The court on Saturday gave the three militants between two and six years each. They have the right to appeal.The judge also accused the three of running a training camp for al-Qaida in the southern...
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