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Zuckerberg says he is not considering resigning from Facebook

Washington (Web Desk) Embattled Facebook CEO Mark Zuckerberg said Tuesday he has no plans to resign, sounding defiant after a rough year for the social platform. “That’s not the plan,” Zuckerberg told CNN Business when asked if he would consider stepping down as chairman. He also defended Facebook chief operating …

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Let PayPal come to Pakistan

Islamabad (Web Desk) THERE has been a repeated demand from freelancers and e-commerce players to bring PayPal to Pakistan. Finance Minister Asad Umar has also shown commitment to facilitating its arrival. There is also a demand that we should set up our own PayPal-like payment gateway. First, let’s look at …

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Congress to probe Ivanka Trump’s private email use in White House

Washington (Web Desk) Republicans and Democrats on Capitol Hill will be scrutinising Ivanka Trump’s personal email use in the White House in light of new revelations that she sent hundreds of messages about government business from that account last year. On Tuesday, the Republican chairmen of Senate and House oversight …

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Facebook says steep rise in data requests from Indian govt

Washington (Web Desk) Facebook says there was a steep rise in data requests from India’s government in the first half of this year as compared to the previous two years. The company, in a report released on Friday, said that it received 16,580 data requests from the government in the …

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Japan’s cyber-security minister says he ‘never used computer’

TOKYO (Web Desk) A Japanese minister in charge of cyber security has provoked astonishment by admitting he has never used a computer in his professional life, and appearing confused by the concept of a USB drive. Yoshitaka Sakurada, 68, is the deputy chief of the government’s cyber security strategy office and …

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FIA asks banks to upgrade cyber security system

ISLAMABAD (Web Desk) The Federal Investigation Agency (FIA) has asked banks to upgrade their cyber security wings as per international standards to protect their system from further attacks by the hackers who recently stole huge sums from accounts. In a series of meetings, which continued for two days in Karachi, it …

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Most Pakistanis do not know what the internet is: report

ISLAMABAD (Web Desk) Around 69pc Pakistani users between the ages of 15 and 65 do not know what the internet is, revealed an information communication technology (ICT)-based survey launched last week. The survey was conducted by LirneAsia, a think-tank based in Sri Lanka that carries out research on information communication technology. …

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Validity of cryptocurrencies in Islamic finance?

Islamabad (Web Desk) Unlike fiat money, a cryptocurrency is recognised only by members of a certain community or network who agree to regard it as something of value or as a medium of exchange. Thus, the legitimacy of any cryptocurrency is solely based on the consensus among participants of a …

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Alibaba Singles’ Day smashes $25bn sales record

SHANGHAI (Web Desk) Chinese e-commerce giant Alibaba Group Holding Ltd smashed the 2017 record for its Singles’ Day sales event on Sunday, surpassing 168 billion yuan ($24.15 billion) sales in under 16 hours and closing the day at 213bn yuan ($30bn). Singles’ Day, also called “Double 11” is the world’s biggest …

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Samsung folding screen lets smartphone open into tablet

Washington (Web Desk) Samsung on Wednesday showed off a folding screen that lets a smartphone open into a tablet, heralding it as the future for portable devices. Senior vice president of mobile product marketing Justin Denison pulled a prototype foldable smartphone from a suit jacket inner pocket at a Samsung …

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