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(MENAFN - AFP) France on Wednesday said it had served notice to Microsoft to stop collecting what it deems excessive data and tracking browsing by users without their consent on civil liberty grounds.

The National Data Protection Commission (CNIL) said in a statement that it had given the US computing giant three months to comply with the French Data Protection Act to ensure ...

(MENAFN - AFP) Canadian pipeline giant Enbridge Inc. has agreed to pay $177 million to settle claims stemming from two major oil spills in the United States in 2010, US authorities announced Wednesday.

The amount includes civil penalties of $62 million and a commitment to spend at least $110 million on spill-prevention measures and operational improvements for around 2,000 ...

(MENAFN - AFP) US prosecutors announced charges Wednesday against two top HSBC executives over a fraudulent foreign exchange trading scheme that netted some $8 million at the expense of a bank client.

Mark Johnson, the head of global foreign exchange cash trading, was arrested at John F. Kennedy international airport Tuesday night in New York, the Justice Department said. ...

(MENAFN - AFP) Ratings agency S&P on Wednesday downgraded Turkey's sovereign credit rating after Friday's failed coup bid.

"Following the attempted coup in the Republic of Turkey on July 15, we believe the polarisation of Turkey's political landscape has further eroded its institutional checks and balances," said the agency.

"In addition, we expect a period of heightened ...

(MENAFN - AFP) Prime Minister Theresa May took the first step towards Brexit on Wednesday by giving up Britain's presidency of the European Council, ahead of her first meeting with German Chancellor Angela Merkel.

Britain will no longer assume the six-month rotating presidency next July as planned, choosing instead to prioritise negotiations on implementing last month's shock ...

(MENAFN - AFP) Europe's main stock markets rose Wednesday, led higher by eurozone indices on the eve of an interest rate decision from the European Central Bank.

"Equities have found renewed bullish gusto ... as investors contemplate upcoming central bank action," said Mike van Dulken, head of research at traders Accendo Markets.

In midday deals, London added 0.3 percent ...

(MENAFN - AFP) Facebook said Wednesday the number of users of its Messenger application had topped one billion, a key milestone as it seeks to expand the platform to new services.

The growth in Messenger gives greater reach to Facebook, which is moving to create a "family" of applications beyond the social network.

"As part of this journey to one billion, we focused ...

(MENAFN - AFP) Eurozone stock markets moved higher Wednesday as investors hoped for hints of extra stimulus from the European central bank, while a clutch of US company earnings boosted US stocks.

"Equities have found renewed bullish gusto ... as investors contemplate upcoming central bank action," said Mike van Dulken, head of research at traders Accendo Markets.

In ...

(MENAFN - AFP) The US Justice Department said Wednesday it is moving to seize more than $1 billion in assets linked to Malaysia's 1MDB state investment fund.

The assets are "associated with an international conspiracy to launder funds misappropriated" from 1Malaysia Development Berhad, which was established by Malaysian Prime Minister Najib Razak to support economic investment, ...

(MENAFN - AFP) Anglo-Dutch food and consumer products giant Unilever said Wednesday it had bought the Dollar Shave Club, a US start-up that has shaken up the market with its subscription model.

Unilever did not disclose the price paid for the California-based company, but both Bloomberg News and Fortune magazine reported it was around $1 billion (910 million euros), or about ...

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