Alibaba’s Ant Financial to buy 25 percent of India’s One97

(This story corrects paragraph 2 to make clear that the $500 million deal value includes an option to increase the stake next year) MUMBAI/SHANGHAI (Reuters) – Ant Financial Services Group, an affiliate of China’s Alibaba Group Holding Ltd, has agreed to buy 25 percent of Indian payment services provider One97 Communications, tapping into the country’s smartphone and online industry boom. Alibaba spokeswoman Teresa Li and One97 founder Vijay Shekhar Sharma declined to disclose the value

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‘Hot Mugshot Guy’ from California gets 27 months in prison

By Michael Fleeman LOS ANGELES (Reuters) – Jeremy Meeks, the California man whose mugshot became a sensation among Web users admiring his male-model good looks, has been sentenced to more than two years in prison on a gun charge, federal prosecutors said on Friday. Meeks, 30, was arrested last June in a gang crackdown in Stockton, California, and pleaded guilty in November to one count of being a felon in possession of a firearm, according to U.S

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Indian activist’s car vandalized after "Shame the Rapist Campaign"

By Nita Bhalla NEW DELHI (Thomson Reuters Foundation) – An Indian activist who started an online video campaign to shame rapists said on Friday that her car had been vandalized and she had received emails containing pornographic images. Sunitha Krishnan, co-founder of the anti-trafficking charity Prajwala, started the “Shame the Rapist Campaign” earlier this week by posting two videos on the Internet that showed men raping women. Just minutes after she announced the campaign on Indian television on Friday morning her car had its rear window smashed, she said

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With African fashion in vogue, home talent shines

By Joe Brock and Helen Nyambura-Mwaura JOHANNESBURG (Reuters) – When Michelle Obama and Beyonce Knowles attended high-profile events in clothes made by African designers, it was a sure sign that the continent's vibrant style has arrived on the world stage. The showcasing of clothes from home-grown African designers in stores in New York, London and Tokyo is a sign of a broader change of attitude towards a continent which is earning a brighter reputation beyond stories of war and disease.

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Vivaldi browser hits 500,000 downloads in first 10 days

The new Vivaldi internet browser was downloaded 500,000 times in its first 10 days of operation, the company told Reuters on Friday. Launched on Jan. 27 for desktop computers, Vivaldi targets users who conduct a large number of searches, offering features like speed dials, personalized notes and bookmarks with small screen shots.

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Paypal’s retail chief steps down

SAN FRANCISCO (Reuters) – Paypal executive Don Kingsborough, who helped orchestrate the payments company's move into physical retail stores, stepped down in January, the company said on Wednesday. His departure, which tech blog Re/code first reported, comes as the company competes with the likes of fast-growing startup Square, to get its payments system adopted in more retail chains nationwide. In a statement, spokeswoman Amanda Miller said PayPal, which is slated to split from eBay Inc later this year, will keep testing and investing in various in-store payments systems

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Factbox: What is net neutrality? U.S. debates once again

(Reuters) – The U.S. Federal Communications Commission prepared to vote on new “net neutrality” rules in February, after record number of public comments have flooded the agency on the proposed regulations. FCC Chairman Tom Wheeler said in an op-ed on Wednesday he will seek his fellow commissioners’ support for new net neutrality rules that would regulate Internet service providers (ISPs) more like public utilities.

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