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REUTERS/Henry Nicholls/File PhotoLONDON, Sept 22 (Reuters) - A surge in fraud attacks on consumers since the pandemic has become a 'national security threat' for Britain requiring government-coordinated action across industries, banking industry lobby group UK Finance has warned. Financial fraud has rocketed during the pandemic as more consumers shop online and try digital banking and investing. Criminals stole 754 million pounds ($1.03 billion) through bank frauds in the first half of this year, up 30% on the same period in 2020, according to a UK Finance report published on Wednesday. "The level of fraud in the UK is such that it is now a national security threat," Katy Worobec, managing director for economic crime at UK Finance said in the report. Bank security systems managed to prevent 736 million pounds from being stolen by fraudsters over the six month period, the report said.
Persons: Henry Nicholls, Katy Worobec, fraudsters, Iain Withers, Emelia Sithole Organizations: REUTERS, Finance, Bank, Facebook, Google, eBay, Treasury, Authority, Thomson Locations: London, Britain
Majority report being denied careAlthough many insurance companies and some politicians describe gender-affirming surgery as cosmetic, major medical organizations say it is medically necessary. For example, TRICARE, the military’s self-funded health insurance for service members, “generally doesn’t cover surgery for gender dysphoria,” according to its website. “I just remember thinking this is crazy — that Starbucks has better trans health care than military family members,” they said. Lindsey Dawson, an associate director at KFF (formerly the Kaiser Family Foundation), a nonprofit organization focused on health policy, described state laws as a “patchwork.”Twenty-four states and Washington, D.C., prohibit transgender exclusions in health insurance coverage, according to the Movement Advancement Project, a nonprofit think tank. She cited Washington, which passed legislation in May that requires all insurers in the state to cover gender-affirming care, including operations.
Persons: Alejandra Caraballo, , , Alejandro Caraballo Alejandro Caraballo “, NYLAG’s, Cigna, who’s, Caraballo, NYLAG, ” Jay Brandon, Alejandra’s, UnitedHealthcare, it’s, ” WPATH, , Dallas Ducar, they’ve, Alex Petrovnia, Petrovnia, hadn’t, Alex Petrovnia Alex Petrovnia Petrovnia, Jamie Traeger, TRICARE, Traeger, ‘ I’m, ” Traeger, It’s, we’re, hasn’t, Lindsey Dawson, ” Dawson, Obama, Trump, Biden, Dawson Organizations: New, Legal Assistance Group, NYLAG, The New York Department of Financial Services, Harvard, Professional Association for Transgender Health, American Psychiatric Association, WPATH, Center for American Progress, Dallas, Twitter, Army, Starbucks, Department of Veterans Affairs, Health, Kaiser Family Foundation, D.C, Movement Advancement, Affordable, Civil, Department of Health, Human Services, U.S, Circuit, North Carolina, Human Services ’, Facebook Locations: New York, Northampton, Massachusetts, Pennsylvania, Washington, Arkansas, North Carolina
FILE PHOTO: Facebook logo and Australian flag are displayed in this illustration taken, February 18, 2021. REUTERS/Dado Ruvic/Illustration/File PhotoWhile Facebook has announced deals with most of the country’s largest news outlets, some media companies including TV broadcaster SBS have been left out in the cold, raising questions about the scope and effectiveness of the law. The U.S. social media giant has inked deals with a range of Australian big media companies including News Corp to the Australian Broadcasting Corp and has a collective bargaining arrangement with rural publishers. As previously reported by Reuters, Facebook declined to negotiate a deal with the Conversation, which publishes public affairs commentary by academics, prompting a rebuke from the regulator which drafted the law. The Australian Communications and Media Authority, which will help enforce the law, declined to comment on the grounds that no technology firm had been designated so the law did not technically apply.
Persons: Dado Ruvic, , Andrew Hunter, Hunter, Hunter didn’t, we’ve, newsfeeds Organizations: SYDNEY, Facebook Inc, Reuters, REUTERS, Facebook, SBS, Special Broadcasting Service, Google, News Corp, Australian Broadcasting Corp, Australian Competition, Consumer Commission, Australian Communications, Media Authority Locations: U.S
FILE PHOTO: Facebook logo and Australian flag are displayed in this illustration taken, February 18, 2021. Facebook’s regional head of news partnerships, Andrew Hunter, said in an August email to publishers it had “now concluded” deals where it would pay Australian companies for content on its just-launched “Facebook News” channel. Facebook did not respond directly to questions about the statements from Broadsheet Media and SBS. The U.S. social media giant has inked deals with a range of large Australian big media companies including News Corp and the Australian Broadcasting Corp and has a collective bargaining arrangement with rural publishers. “The treasurer has no alternative but to revisit designating Facebook to ensure that it meets its commitments to public interest journalism in Australia.”
Persons: Dado Ruvic, Andrew Hunter, Nick Shelton, , Hunter, we’ve, newsfeeds, Josh Frydenberg, Peter Lewis Organizations: SYDNEY, Facebook Inc, Reuters, REUTERS, Facebook, SBS, Media, Special Broadcasting Service, Google, News Corp, Australian Broadcasting Corp, Australian Competition, Consumer Commission, Centre for Responsible Technology Locations: Australia, U.S
Philippines lower house approves VAT for big tech firms
  + stars: | 2021-09-22 | by ( ) www.reuters.com   time to read: +1 min
Voting 167-6-1, lawmakers late on Tuesday approved on third and final reading a bill imposing a 12% value-added tax (VAT) on digital transactions in the Philippines. It will require foreign-based digital service providers to assess, collect and remit VAT on the transactions that go through their platform. In July 2020, a lower house committee approved the bill, which will tax firms that provide digital service or goods through an online platform. A similar bill has been submitted to the Senate. The Philippines is a growing market for big tech firms, with Filipinos among the heaviest social media users in the world.
Persons: Lazada, Neil Jerome Morales, Martin Petty Organizations: Apple, Facebook, Google, Netflix, Senate, Spotify, Thomson Locations: MANILA, Philippines, Indonesia, Thailand
Hong Kong (CNN Business) It's been nearly two years since Norris Fong has seen his family back in his native Singapore. Like many Asian countries , Hong Kong has embraced a "zero Covid" strategy, placing emphasis on social distancing, limiting travel and shutting most non-residents out. No end in sightBut for many in Hong Kong, the grass is still greener on the other side of the South China Sea. Reopening to the mainland has been crucial for businesses who view Hong Kong as a gateway to the vast market there. In some cases, the quarantine restrictions in Hong Kong have sped up the decisions for job-seekers to head to Singapore, said Dass.
Persons: It's, Norris Fong, he's, Fong, Fong isn't, weren't, Frederik Gollob, Gollob, Carrie Lam, Edward Yau, Yau, Let's, Hong, Jaya Dass, Motley, TikTok, Alexander von zur Muehlen, Dass, Carlotta Dotto Organizations: CNN, Versace, of Commerce, CNN Business, Hong, European Chamber of Commerce, Asia Pacific, Hong Kong Commerce, Malaysia, Basel, headhunters, American Chamber of Commerce, New York Times, Facebook, Netflix, Citi, Banks, Singapore . Deutsche Bank DB Locations: Hong Kong, Singapore, Beijing, Sands, South China, Central , Hong Kong, Hong Kong Hong Kong, China, Macao, Macau, Malaysia, Randstad, Asia, Seoul, Southeast Asia
PHOENIX — Latinos are perpetually absent in major newsrooms, Hollywood films and other media industries where their portrayals — or lack thereof — could deeply impact how their fellow Americans view them, according to a government report released Tuesday. U.S. Rep. Joaquin Castro, D-Texas, has made the inclusion of Latinos in media a principal issue, imploring Hollywood studio directors, journalism leaders and book publishers to include their perspectives. Castro says the lack of accurate representation, especially in Hollywood, means at the very best that Americans don’t get a full understanding of Latinos and their contributions. That could engender violence against Latinos, like the killing of 23 people in El Paso in 2019 by a gunman who was targeting Hispanics. “American media, including print journalism, has relied on stereotypes of Latinos.
Persons: Joaquin Castro, Castro, don’t, ” Castro, , Ana, Christina Ramón, Ramón, , ” Ramón, Cristina Mislán, ” Mislán Organizations: PHOENIX, Congressional Hispanic Caucus, U.S, Government, Office, U.S . Rep, Hollywood, Associated Press, GAO, UCLA College of Letters, Science, University of Missouri, NBC, Facebook, Twitter Locations: Texas, Hollywood, El Paso, America, Spanish, Columbia
The most recent advisory from the CDC about acute flaccid myelitis, the polio-like condition mentioned in the clip, was released on Aug. 4, 2020 here . The latest peak was in 2018 with 238 cases in 42 states, according to the CDC advisory. When the CDC released the advisory about acute flaccid myelitis, the vaccines were not yet approved for public use or being widely administered. Reuters found no other advisory or warning from the CDC since the release in August 2020. The CDC advisory about acute flaccid myelitis is from August 2020 and unrelated to the COVID-19 vaccine.
Persons: myelitis, , Read Organizations: Centers for Disease Control, Prevention, CDC, Facebook, Pfizer, BioNTech, Food and Drug Administration, Reuters Locations: United States
FILE PHOTO: A Facebook logo is displayed on a smartphone in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration//File Photo/File Photo(Reuters) - Facebook Inc’s independent oversight board said on Tuesday it has asked the social networking giant to provide clarity on the system it uses to review content decisions relating to some high-profile users. The board’s inquiry follows a Wall Street Journal report last week that Facebook exempts high-profile users from some or all of its rules.
Persons: Dado Ruvic Organizations: REUTERS, Facebook
He’s on a hunger strike demanding the United Nations grant him a meeting, so he can address the issue of human rights in Cuba. Rocha is a native Spaniard, but he has family in Cuba and feels inextricably linked to what has taken place there. The human rights group Cubalex recorded approximately 800 detentions as demonstrators were arrested for speaking out. The U.S. and European and Latin American countries have denounced the lack of human rights and democracy on the island. “It doesn’t have to be with [United Nations Secretary-General] António Guterres; it doesn’t have to be with [United Nations High Commissioner for Human Rights] Michelle Bachelet.
Persons: Nacho Rocha, it's, ” Rocha, he’s, Rocha, Fidel Castro, Cubalex, António, Michelle Bachelet, , , José Martí, they’re, Ingrid Rodríguez, Alex Tabet, she’s, He’s Organizations: United Nations, Cuban, Human, United Nations Human Rights, NBC, General, New York police, Facebook, Twitter Locations: Cuba, Sarasota , Florida, New York City, U.S, New, Central Park, Spain
But while the homeless are eager to grab up backpacks, some are less enthusiastic about getting a vaccine. With so few homeless people fully vaccinated, Newman fears the worst. As of the end of February, the New York City Department of Homeless Services documented 113 deaths of homeless people from Covid, 101 of whom died in shelters. To incentivize them, the group offers $25 McDonald’s gift cards, and volunteers share their own stories about getting the vaccine. The city is also working on getting more homeless vaccinated.
Persons: Sara D, , Jeffrey Newman, Jayson Conner, Newman, Conner, ” Newman, Adam Shrier Organizations: Roosevelt, ., , Department of Social Services, Corps, New, New York City Department of Homeless Services, NYC, Trace Corp, NBC, Twitter, Facebook Locations: New York, New York City, York City, Covid
Murdaugh, 53, has been in the spotlight after the unsolved fatal shootings in June of his wife, Margaret, 52, and their youngest son, Paul, 22. At the time of the slayings, Paul Murdaugh was facing trial in connection with the boat crash in February 2019. Paul Murdaugh had pleaded not guilty to three felony counts of boating under the influence. Last month, state prosecutors officially dropped all charges against Paul Murdaugh as a matter of protocol. According to Cook, who was 19 at the time of the crash, Paul Murdaugh was able to purchase alcohol using Buster Murdaugh's driver's license.
Persons: Alex Murdaugh, Connor Cook, Murdaugh, Cook, Margaret, Paul, Paul Murdaugh, Mallory Beach, , Richard Alexander, Buster, Buster Murdaugh's Organizations: Facebook, South Carolina Department of Natural Resources Locations: South Carolina, Hampton County, Parris, Beaufort County
Facebook spent over $13 bln on safety, security since 2016
  + stars: | 2021-09-21 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Dado Ruvic/File PhotoSept 21 (Reuters) - Facebook Inc (FB.O) said on Tuesday it has invested more than $13 billion in safety and security measures since 2016, days after a newspaper reported the company had failed to fix "the platform's ill effects" researchers had identified. The social media giant said it now has 40,000 people working on safety and security, compared with 10,000 five years ago. read more"In the past, we didn't address safety and security challenges early enough in the product development process," the company said in a blog post. Facebook said its artificial intelligence technology has helped it block 3 billion fake accounts in the first half of this year. The company said it now removes 15 times more content that violates its standards on hate speech across Facebook and its image-sharing platform Instagram than when it first began reporting it in 2017.
Persons: Dado, Praveen, Maju Samuel Organizations: REUTERS, Facebook, Wall Street, Thomson Locations: Zenica, Bengaluru
FILE PHOTO: A logo is seen on the New York Google offices. REUTERS/Andrew Kell(Reuters) -Google plans to buy an office building in Manhattan for $2.1 billion, as the Alphabet Inc-owned search engine giant joins fellow technology companies in investing in prime real estate, even as hybrid work models become common. Tech giants, with billions of dollars in cash reserves, have been taking advantage of lower office building prices across cities in the United States. While Big Tech is growing its footprint, others are vacating office spaces as pandemic-led remote working has prompted companies to reassess the need for real estate. Financial firms, including JPMorgan Chase & Co, were looking to sublet big blocks of office space in Manhattan, according to media reports here from earlier this year.
Persons: Andrew Kell, Ruth Porat, Taylor, ” Porat Organizations: New, New York Google, REUTERS, Reuters, Inc, St, Google, Tech, Facebook, Big Tech, Financial, JPMorgan Chase & Locations: New York, New York City, U.S, Manhattan, John's, United States, Farley, Madison
Concerns over Evergrande acted as a boiling point for markets trading near record highs, amid coronavirus concerns and sluggish economic growth. Taper fears have already roiled markets so far in September, and along with seasonally weak trends, have set the S&P 500 on course to snap a seven-month winning streak. The S&P 500 index traded substantially below its 50-day moving average, its first major breach in more than six months. Analysts say a breach of the index’s 200-day moving average is now in sight. The S&P 500 posted no new 52-week high and no new low, while the Nasdaq recorded 19 new highs and 24 new lows.
Persons: Wall, there’s, , Andre Bakhos, Taper, Bakhos, Hurricane Ida, decliners Organizations: Dow, Nasdaq, Federal, New Vines Capital, Dow Jones, Analysts, Apple Inc, Tesla Inc, Facebook, NYSE Locations: Bernardsville , New Jersey, Hurricane
FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., February 16, 2021. ET, S&P 500 e-minis were up 37.25 points, or 0.86% and Nasdaq 100 e-minis 110.25 points, or 0.73%. The S&P 500 index dropped substantially below its 50-day moving average on Monday, its first major breach in more than six months. Taper fears have already roiled markets so far in September, setting the S&P 500 on course to snap a seven-month winning streak. Heavyweight technology stocks, including Apple Inc, Tesla Inc, Facebook Inc and Alphabet Inc, rose between 0.8% and 1.1%.
Persons: Brendan McDermid, Lehman, , Taper Organizations: Reuters, Federal, New York Stock Exchange, REUTERS, Dow, Mizuho, Nasdaq, McMoRan Inc, Apple Inc, Tesla Inc, Facebook Locations: New York, U.S, Freeport
Wall Street set to jump from Evergrande-led rout
  + stars: | 2021-09-21 | by ( Ambar Warrick | ) www.reuters.com   time to read: +3 min
FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., February 16, 2021. The S&P 500 has now fallen for nine out of the 11 sessions since it hit a record high at the beginning of September. Taper fears have already roiled markets so far in September, and along with seasonally weak trends, have set the S&P 500 on course to snap a seven-month winning streak. ET, S&P 500 e-minis were up 26.5 points, or 0.61%, and Nasdaq 100 e-minis were up 93 points, or 0.62%. The S&P 500 index dropped substantially below its 50-day moving average on Monday, its first major breach in more than six months.
Persons: Brendan McDermid, there’s, , Andre Bakhos, Taper, Bakhos Organizations: Reuters, Federal, New York Stock Exchange, REUTERS, , New Vines Capital, Nasdaq, Analysts, McMoRan Inc, Apple Inc, Tesla Inc, Facebook Locations: New York, U.S, Bernardsville , New Jersey, Freeport
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) Futures tracking the blue-chip Dow, which houses several economically sensitive stocks, jumped 1.1%, a day after the index tumbled 1.8% in its worst day since late-July. Interest rate-sensitive banking stocks also bounced, tracking a rise in Treasury yields. ET, S&P 500 e-minis were up 44 points, or 1.01%, and Nasdaq 100 e-minis were up 144 points, or 0.96%. The CBOE volatility index, known as Wall Street’s fear gauge, fell back from a four-month high hit on Monday.
Persons: Lehman, , Sagarika, Arun Koyyur Organizations: Dow, Nasdaq, Federal, Mizuho, McMoRan, Nucor Corp, Apple Inc, Tesla Inc, Facebook Locations: China, Freeport, Bengaluru
Cameo Adds Meet-and-Greet Option to App
  + stars: | 2021-09-21 | by ( Ann-Marie Alcántara | ) www.wsj.com   time to read: +4 min
Cameo believes the live feature, called Cameo Calls, surpasses traditional meet-and-greets because it produces private moments that fans can’t get elsewhere or as easily, said Amanda Glanz, senior product manager at Cameo. “Being able to have this two-minute private conversation really allowed both fans and talent to open up a lot,” Ms. Glanz said. Cameo Live is no longer widely available to consumers, but is still available for some companies via Cameo For Business. Celebrities who participate in Cameo Calls receive 75% of their booking price, the same cut that they get for their traditional prerecorded Cameo messages. “Because it is not anonymous and because you have to pay, you really have weeded out like a lot of the weirdness,” Ms. Glanz said.
Persons: Cameo, can’t, Amanda Glanz, , Ms, Glanz, “ We’ve, Baron, Cameo’s, Gilbert Gottfried, Nikki Blonsky, Gen, Faye Maidment, hasn’t, ” Ms, Maidment, Marie Alcántara Organizations: App Inc, Cameo, Glanz, Facebook Inc, Bitkraft Ventures Management Locations: ann
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Organizations: Wall Street
Mark Zuckerberg said he would avoid fact-checking political posts if Trump didn't impose heavy regulations, a new book says. Peter Thiel told an associate that Zuckerberg cut the deal during a meeting at the White House in 2019, the book claims. Zuckerberg denied that such a deal had been made, according to the book, saying the notion was "pretty ridiculous." During the meeting, Zuckerberg pledged to Kushner that he wouldn't fact-check political posts on Facebook as long as the Trump administration steered clear of regulating the platform, Thiel told a confidant, according to the excerpt. Last year, Facebook also confirmed to The Washington Post that though the fact-checking policy was officially announced in September 2019, Facebook formally put it in place in September 2018, prior to the conversation that Zuckerberg had with Thiel, Kushner, and Trump.
Persons: Mark Zuckerberg, Trump, Peter Thiel, Zuckerberg, Donald Trump, Jared Kushner, Max Chafkin, Kushner, Thiel, Chafkin, Twitter, Nick Clegg Organizations: White House, Facebook, Service, Zuckerberg, Trump, White, Silicon, The Intelligencer, PayPal, Capitol, Global Affairs, Communications, The Washington Post
But are their efforts going to benefit humanity as a whole or just an elite few? Tech investor Jaan Tallinn, the co-founder of Skype, told CNBC that Silicon Valley's quest to live forever will eventually benefit humanity as a whole. "I think involuntary death is clearly morally bad, which makes the quest for longevity a morally noble thing to engage in," Tallinn said. Jon Crowcroft, a computer science professor at Cambridge University, told CNBC they'd be better off pumping more of their billions into climate change mitigation technologies instead of longevity research. But Tallinn told CNBC he finds the tech billionaire's efforts to support longevity research "commendable."
Persons: Jeff Bezos, Shepard, Alfred Lord Tennyson, Larry Page, Oracle's Larry Ellison, Palantir's Peter Thiel, Stefan Schubert, Sean O hEigeartaigh, Ó hÉigeartaigh, Ó, Jon Crowcroft, CNBC they'd, Bezos, Elon Musk, Yuri Milner, Ellison, Sergey Brin, Calico, Thiel, Donald Trump's, Peter Thiel Organizations: Technologies, London School of Economics, Political Science, CNBC, Tech, Jaan, Skype, Cambridge University's Center, Cambridge University, Tallinn, Altos, MIT Technology, Facebook, Oracle, Google, PayPal, PayPal Inc, VCG, Methuselah, Yorker, Unity Biotechnology Locations: Jaan Tallinn, Tallinn, Russian, New Yorker, San Francisco
Murphy warned of DHS efforts to downplay security threats posed by Russia and white supremacists. Logically monitors and fact-checks disinformation at scale, recently partnering with Facebook. A top Department of Homeland Security official turned whistleblower is leaving to become an executive at a startup that partners with Facebook to fight online disinformation. Brian Murphy last year filed a whistleblower complaint against the DHS, where he was acting under secretary of Homeland Security for intelligence and analysis. Just before the 2020 election, he said agency heads were intentionally downplaying security threats posed by Russia's interference in US elections.
Persons: Murphy, Brian Murphy, Donald Trump, John Gountanis, Brian, Jain Organizations: FBI, DHS, Facebook, of Homeland Security, Homeland Security, Jain, XTX Ventures, Equity Finance Locations: Russia
Roku is releasing an app on Shopify in a bid for the $16.4 billion small- and medium-sized businesses spend on local TV. And while Roku already has existing ad-buying tools that marketers could use to purchase streaming TV ads themselves, those were designed for ad-buying agencies, not individual businesspeople. And, if Roku gets SMBs to spend on the platform, ad demand could increase, leading to higher prices that benefit Roku. But there are other currently unsolved problems keeping SMBs from investing in streaming ads. Finally, video CPMs are higher than display or text-based ads, which often put the cost of streaming ads out of reach to SMBs, Aksman said.
Persons: NBCUniversal's Peacock, Roku, , OLIPOP, they're, Jared Lefkowitz, Jesse Math, Rob Aksman, Aksman Organizations: Hulu, SMB, Google, Facebook, Pew, SMBs, TV, CTV Locations: Hulu, SMBs
Google on Tuesday announced it would spend $2.1 billion to buy a sprawling Manhattan office building on the Hudson River waterfront, further cementing the tech giant’s rapidly expanding presence in New York City and providing a jolt of optimism for a city lashed by the pandemic and the shift to remote work. Even before the pandemic, the four firms that make up so-called Big Tech — Amazon, Apple, Google and Facebook — had rapidly grown their operations and work force in New York. Their expansions during the pandemic have been one of the few bright spots for the city as it tries to mount an economic recovery in the pandemic. Google was already leasing the 1.3 million square-foot property. The company has 12,000 corporate employees in New York City — one of its largest satellite offices outside its California headquarters — and said on Tuesday it planned to hire another 2,000 workers in the city in the coming years.
Persons: Facebook — Organizations: Google, Coast, Tech, Apple, Facebook Locations: Manhattan, Hudson, New York City, St, United States, piecing, New York, California
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