(Reuters) – Alibaba Group Holding Ltd said on Tuesday it expected second-quarter gross merchandise volume (GMV) to be lower than its initial estimates due to weaker consumer spending in China. Alibaba said it now expects GMV to be lower in mid-single digits on a percentage basis from its earlier estimates.
Read moreThe European Union has struck a deal with the United States on protecting personal data shared for law enforcement purposes in criminal and terrorism investigations, the bloc's justice chief said on Tuesday. The so-called “umbrella agreement”, following four years of talks between both sides, would protect personal data exchanged between police and judicial authorities and also between companies and law enforcement authorities. European Justice Commissioner Vera Jourova said the data sharing agreement was a key step to strengthening Europeans' right to privacy.
Read moreTom Brady is back, and for plenty of fantasy football fans his return marks a dramatic shift in strategy. The New England Patriots star quarterback will suit up this Thursday for his team’s season opener, after U.S. District Judge Richard Berman threw out the National Football League’s four-game suspension against him in the now notorious “Deflategate” case
Read more(Reuters) – Walt Disney Co's studio unit said customers of Amazon.com Inc and Microsoft Corp's video services will get access to the collection on its cloud-based movie storage service from Tuesday. Studios like Disney, which has made blockbuster films like “Frozen” and Marvel's “Guardians of the Galaxy,” have been attempting to steer movie fans towards digital purchases as sales of DVDs decline. Walt Disney Studios added that it would launch the app on video streaming-device maker Roku Inc and Google Inc's Android TV on Sept
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