‘Honor of Kings’: Kids face limit on how much they can play popular game

‘Honor of Kings’: Kids face limit on how much they can play popular game

Chinese tech company Tencent is clamping down on kids who can’t get enough of its wildly popular mobile game “Honor of Kings.” Facing criticism over the growing number of young Chinese players hooked on the smartphone game, Tencent on Tuesday introduced new rules limiting users under 12 to an hour of play time each day. Those aged between 12 and 18 will be forced to log out after two hours per day. “Honor of Kings” has been a huge…

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Global cyberattack: What you need to know

Global cyberattack: What you need to know

A massive ransomware attack has hit businesses around the world, causing major companies to shutdown their computer systems. Researchers are still investigating the software behind the attack, warning that it’s more sophisticated than the WannaCry worm that struck hundreds of thousands of computers across the globe last month. “WannaCry was a tremendous failure. It was a lot of noise, very little money, and everyone noticed it,” said Craig Williams, an expert at cybersecurity firm Cisco…

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Abraaj Plans IPO of South African Consumer Firm Libstar

Abraaj Plans IPO of South African Consumer Firm Libstar

Libstar could be valued at up to $1 billion in a share sale Buyout firm working with JPMorgan, Standard Bank on IPO       Abraaj Group is planning an initial public offering of South African food and personal care maker Libstar, which may value the firm at as much as $1 billion, according to people familiar with the matter. The emerging markets buyout firm, which bought a controlling stake in Libstar in 2014, is…

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WannaCry cyberattacks are still happening. Just ask Honda.

WannaCry cyberattacks are still happening. Just ask Honda.

It’s not making as many headlines as a month ago, but the WannaCry worm is still crawling through the internet. Just this week, automaker Honda (HMC) said the ransomware virus infected computers at one of its plants in Japan, disrupting vehicle production. About 1,000 units were not produced as planned at the Sayama factory near Tokyo when WannaCry attacked “several older production line computers” on Monday, causing them to shut down, a spokesperson for Honda…

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Uber’s CEO is just so misunderstood

Uber’s CEO is just so misunderstood

Travis Kalanick has resigned as the chief executive of Uber, the ride-hailing startup he co-founded and turned into a global tech giant. Kalanick already announced last week that he was going on an indefinite leave of absence following the death of his mother in a boating accident. But the move failed to defuse a growing crisis over his leadership and demands from investors that he resign from the $68 billion startup. “I love Uber more…

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Jeff Bezos is $5 billion away from being the world’s richest person

Jeff Bezos is $5 billion away from being the world’s richest person

Watch out, Bill Gates: Jeff Bezos is gunning for your title. Thanks to a surge in Amazon (AMZN, Tech30) stock — the company just announced that it is buying Whole Foods (WFM) — Bezos added another $1.8 billion to his net worth, according to Bloomberg. Bezos is now worth about $84.6 billion total, leaving him just $5 billion shy of overtaking Gates as the wealthiest person in the world. He has a good shot. Bezos,…

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Uber CEO takes leave of absence amid crises

Uber CEO takes leave of absence amid crises

Uber’s CEO is stepping aside indefinitely. Travis Kalanick, the CEO and cofounder of Uber, told staff Tuesday he will take time off in order to grieve for his mother, who recently died in a tragic boating accident. “It’s hard to put a timeline on this — it may be shorter or longer than we might expect,” Kalanick wrote in a company-wide memo. “Tragically losing a loved one has been difficult for me and I need…

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Safaricom Plans Mobile-Money Roll-Out After Vodafone Stake Sale

Safaricom Plans Mobile-Money Roll-Out After Vodafone Stake Sale

Kenya’s biggest company may expand M-Pesa into Nigeria, Angola Regulator report into dominance to add measures to help rivals   Safaricom Ltd. may expand its popular mobile-banking service M-Pesa into countries such as Nigeria and Angola, as East Africa’s biggest company grapples with regulatory scrutiny in its home market of Kenya. The sale of a 35 percent stake in the Nairobi-based company to Vodacom Group Ltd. by parent Vodafone Group Plc has enabled Safaricom to…

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Datatec Shares Soar by a Record After $830 Million Asset Sale

Datatec Shares Soar by a Record After $830 Million Asset Sale

South African company sells Westcon operations to Synnex Stock jump erased losses after IT company’s May profit warning Datatec Ltd. shares jumped by the most on record after the South African IT services company agreed to sell the North and Latin American operations of its Westcon-Comstor business for as much as $800 million. Synnex Corp. of the U.S. will take over the operations and buy a 10 percent stake in the rest of the Westcon-Comstor…

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These Digital Tokens Are Making Bitcoin’s Huge Rally Look Tame

These Digital Tokens Are Making Bitcoin’s Huge Rally Look Tame

Blockchain-based assets more than doubled in price on average Initial coin offerings outperforming stock sales this year Here’s What’s Behind the Qatar Diplomatic Split STX’s CEO Says China’s Movie Industry Doing Well Why Ethereum and Bitcoin Are So Popular Lately Forget U.S. stocks and emerging-market assets, even ignore bitcoin. Those brave enough to invest in the Wild West of tech are the ones making a killing. While the record-breaking rally in bitcoin has captivated markets,…

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