British spies carry out mass interception of emails, but only read a few: report

By Michael Holden LONDON (Reuters) – British spies carry out mass interception of the public's emails and access large databases with individuals' personal details, but their actions are not indiscriminate or unlawful, a powerful committee of lawmakers said on Thursday. Britain's security agencies have been accused of unfettered snooping on electronic communications since disclosures by U.S. National Security Agency contractor Edward Snowden indicated spies had been hoovering up emails, text messages and internet communications

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Snapdeal drums up custom in Slumdog’s Dharavi

By Nivedita Bhattacharjee MUMBAI (Reuters) – For viewers of Oscar-winning film “Slumdog Millionaire”, Mumbai's vast Dharavi slum is a byword for poverty, but to online retailer Snapdeal.com it is a battleground for new customers and, it hopes, a source of better margins. The three are already fighting over India's 300 million-strong urban middle class, who have come to expect price wars and great deals on everything from mattresses to motors, but as competition intensifies, Snapdeal has begun chasing a different demographic. It tied up with remittance provider FINO PayTech in November to set up online shopping services in semi-urban, rural and low-income residential areas across India.

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German retailer REWE steels for Amazon move into food

By Matthias Inverardi and Nikola Rotscheroth COLOGNE, Germany (Reuters) – Germany’s second-biggest supermarket group REWE is investing heavily in grocery ecommerce even though it does not expect to turn a profit soon, as it braces for Amazon to expand its food delivery service. “We know that we will still not work profitably for several years, but it is not blowing money,” REWE Chief Executive Alain Caparros told Reuters in an interview.

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Liberty Global’s Unitymedia eyes expansion in B2B, mobile

By Julia Fioretti BRUSSELS (Reuters) – Liberty Global’s German unit has set its sights on business-to-business (B2B) broadband and mobile as part of its strategy to keep expanding in Europe’s biggest cable market, ramping up the pressure on established telecom players.

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