Omnicom to buy Brazil advertising group ABC, source says

By Tatiana Bautzer and Guillermo Parra-Bernal SAO PAULO (Reuters) – Omnicom Group Inc, the world’s second largest advertising company, has agreed to pay 1 billion reais ($270 million) for Brazil’s Grupo ABC, growing Omnicom’s publicity, branding services and content in Latin America’s largest economy, a source with direct knowledge of the transaction said on Friday.

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China draft counterterror law strikes fear in foreign tech firms

By Michael Martina and Krista Hughes BEIJING/WASHINGTON (Reuters) – China is weighing a far-reaching counterterrorism law that would require technology firms to hand over encryption keys and install security “backdoors”, a potential escalation of what some firms view as the increasingly onerous terms of doing business in the world's second largest economy.

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China censorship sweep deletes more than 60,000 Internet accounts

Some of China's largest Internet companies deleted more than 60,000 online accounts because their names did not conform to regulations due to take effect on Sunday, the top Internet regulator said.

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