The United States should remove barriers to Chinese investment for national security reasons, said Zhang Xiangchen, a deputy trade minister at the Ministry of Commerce. Zhang said the world’s two largest economies are committed to further improve market access to each others’ investors as part of talks on a Bilateral Investment Treaty (BIT), though both economies have further to go.
Read moreWASHINGTON (Reuters) – The Obama administration is deeply concerned about cyber theft of commercial secrets sponsored by foreign governments and plans to take the matter up with Chinese officials at high-level talks this week, Treasury Secretary Jack Lew said on Tuesday. “We remain deeply concerned about government-sponsored cyber theft from companies and commercial sectors,” Lew said in prepared remarks at the opening of the U.S.-China Strategic and Economic Dialogue
Read moreBy Eric Auchard and Leila Abboud FRANKFURT/PARIS (Reuters) – Facebook is gaining ground on Google's YouTube as an outlet for big companies to market their products via online videos, the fastest growing category of Internet ads, a report published on Monday said. The competition for video viewers opens up a new front in the clash between the two web giants that already compete in other types of advertising given their appeal to young and international consumers, Ampere Analysis said in a study.
Read moreBy Jeremy Wagstaff SINGAPORE (Reuters) – Security researchers have many names for the hacking group that is one of the suspects for the cyberattack on the U.S.
Read moreChina will increase support for cross-border e-commerce as the world's second-largest economy shifts from manufacturing to higher-value services, the government said.
Read moreBy Andrea Shalal PARIS (Reuters) – U.S. weapons industry executives say they are disappointed and frustrated about a massive U.S. cyber breach that exposed sensitive information about millions of Americans, including many thousands who work on high-security arms projects.
Read moreBy Paul Carsten and John Ruwitch SHANGHAI/BEIJING (Reuters) – E-commerce giant Alibaba Group Holding Ltd is an underdog in the global cloud computing industry, but it has one thing going for it: it's Chinese. Alibaba this week scored a minor deal with China's northeastern port city of Dalian to build a cloud computing center and provide online government services such as bill payment
Read moreBy Julia Fioretti BRUSSELS (Reuters) – New European Union data protection rules expected to be agreed on Monday will allow citizens to sue companies that own data as well as those that process it on their behalf, for example cloud computing providers. The new system is opposed by companies such as Germany’s SAP SE, International Business Machines Corp, Cisco Systems Inc and Amazon.com Inc who say it will kill off Europe’s cloud computing industry, as well as introduce uncertainty in business to business relations.
Read moreIT costs came second only to macroeconomic concerns such as the impact of quantitative easing, according to the survey by global risk adviser Willis of senior executives at 150 banks, insurers, reinsurers, asset managers, hedge funds and financial technology companies worldwide. “There is a rise of new entrants that are using new technology,” said Mary O'Connor, global head of Willis' financial institutions group. “Banks know they need to respond to that.” Banks and insurers have been seen as slow in responding to new technology, leaving the door open for newcomers to steal market share.
Read moreBy Alina Selyukh WASHINGTON (Reuters) – New U.S. Internet traffic regulations, known as net neutrality rules, will go into effect on Friday after a federal appeals court rejected the telecommunications industry's request to partly suspend their implementation while they are being litigated
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