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Marriott Concedes 5 Million Passport Numbers Lost to Hackers Were Not Encrypted

WASHINGTON — Marriott International said on Friday that the biggest hacking of personal information in history was not quite as big as first feared, but for the first time conceded that its Starwood hotel unit did not encrypt the passport numbers for roughly five million guests. Those passport numbers were lost in an attack that many outside experts believe was carried out by Chinese intelligence agencies.When the attack was first reported by Marriott at the end of November, it said that information on upward of 500 million guests may have been stolen, all from the reservations database of Starwood, a major hotel chain Marriot had acquired. But…

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Fund managers hoping for stock rally look to emerging markets

NEW YORK (Reuters) - After emerging market stocks led global equity markets lower in a brutal 2018, some U.S.-based fund managers are betting that the asset class may have the largest rebound in the new year. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 28, 2018. REUTERS/Jeenah Moon/File PhotoIt may not look likely at the moment, given that an economic downturn in China prompted iPhone-maker Apple Inc (AAPL.O) to lower its quarterly revenue forecast on Wednesday for the first time in a decade. Its shares slumped nearly 10 percent after Chief Executive Tim Cook blamed the U.S.-China trade…

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In Price and Value, Chinese Phone Makers Outpace Apple in Much of the World

BEIJING — To most Americans, the names are unfamiliar, maybe a little hard to pronounce: Huawei, Xiaomi, Oppo, Vivo.They are China’s biggest smartphone brands. Around the world — although not in the United States — they are making the handset business brutally competitive. This week, after Apple warned of disappointing iPhone sales in China, industry observers said that devices from the Chinese brands were a major culprit.As the phone market in China reaches saturation and sales shrink over all, the country’s hardware makers are pushing hard, and increasingly winning fans, in places like France, Germany, India and Southeast Asia, where consumers find that the phones can do…

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Nissan’s executive Munoz takes leave of absence in wake of Ghosn arrest

TOKYO (Reuters) - A senior executive of Nissan Motor Co Ltd (7201.T), Jose Munoz, has taken a leave of absence in a sudden management shake-up as the Japanese automaker deals with the aftermath of the arrest of former chairman Carlos Ghosn. Jose Munoz, chief performance officer at Nissan Motor Limited, responds to a question on the new Renault-Nissan-Mitsubishi Alliance venture capital fund during roundtable with journalists at the 2018 CES in Las Vegas, Nevada, U.S. January 9, 2018. REUTERS/Steve MarcusMunoz’s absence comes as Ghosn has been held in a detention center since his Nov. 19 arrest on allegations of financial misconduct, which was followed by re-arrests over…

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China’s Xi calls on army to be battle-ready

Soldiers of the Chinese People's Liberation Army (PLA) take part in a combat training in the Gobi desert in Jiuquan, Gansu province, China May 18. Picture taken May 18, 2018. REUTERS/Stringer SHANGHAI (Reuters) - China’s armed forces must strengthen their sense of urgency and do everything they can to prepare for battle, President Xi Jinping told a meeting of top brass on Friday. China is keen to beef up its armed forces amid territorial disputes in the South China Sea and escalating tension with the United States over issues ranging from trade to the status of Taiwan. The official Xinhua news agency said Xi told a meeting…

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U.S. says no timeline for Syria withdrawal as fighting continues

WASHINGTON (Reuters) - The United States has no timeline for the withdrawal of American troops from Syria but does not plan to stay indefinitely, a senior State Department official said on Friday, sending a strong signal that U.S. forces could stay until the fight against Islamic State militants is over. U.S.-backed forces are still retaking territory from Islamic State in Syria, Pentagon officials said on Friday, two weeks after Washington said it would withdraw the roughly 2,000 U.S. troops in Syria. President Donald Trump said at the time that the troops had succeeded in their mission and were no longer needed there. The administration’s abrupt announcement last…

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Nissan’s executive Munoz takes leave of absence

Jose Munoz, chief performance officer at Nissan Motor Limited, responds to a question on the new Renault-Nissan-Mitsubishi Alliance venture capital fund during roundtable with journalists at the 2018 CES in Las Vegas, Nevada, U.S. January 9, 2018. REUTERS/Steve Marcus(Reuters) - Japanese automaker Nissan Motor Co Ltd (7201.T) said on Saturday its chief performance officer, Jose Munoz, was taking a leave of absence. “Jose Munoz has taken a leave of absence to allow him to assist the company by concentrating on special tasks arising from recent events,” the company said in a statement. Munoz, who also leads Nissan’s China operations, previously led company’s growth strategy in the United…

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Trump threatens years-long government shutdown, emergency powers to build wall

WASHINGTON (Reuters) - President Donald Trump threatened to keep the U.S. government partially shut for months or years on Friday after he and Democratic leaders failed to resolve their dispute over Trump’s request for $5.6 billion to build a wall on the Mexican border. After Democratic congressional leaders refused Trump’s requests at a meeting in the White House Situation Room, the Republican president threatened to take the controversial step of declaring a national emergency and building the wall without congressional approval. Trump is withholding his support for a bill that would fully fund the government until he secures money for the wall. As a result, around 800,000…

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Wall St. rebounds on robust jobs report, dovish Powell remarks

NEW YORK (Reuters) - Wall Street rebounded on Friday to close at its highest in two weeks after a strong jobs report and assurances from Federal Reserve Chairman Jerome Powell that the central bank would be patient and flexible in steering the course of interest rates. In a session emblematic of the elevated volatility that has gripped markets for weeks, all three major U.S. stock indexes surged more than 3 percent in one of the broadest advances in years. The gains more than wiped out the previous session’s losses and were led by the technology sector, which bounced back from its largest one-day decline in more than…

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