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Canada moved to formalize Statistics Canada's independence as an arms-length agency on Wednesday in an attempt to boost the agency's credibility after its head quit last year in protest over concerns about the agency's autonomy. The legislation to amend the Statistics Act, introduced to parliament by Innovation Minister Navdeep Bains, would also give the chief statistician a renewable five-year term and create an advisory council to ensure the agency is transparent. "Our government believes that for a national statistical agency to be credible, there must be a high degree of professional independence," Bains told reporters.
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - U.S.-based Circle Internet Financial Ltd, a social payments app backed by Goldman Sachs, said on Wednesday it will no longer allow customers to buy and sell bitcoin because it has failed to become a meaningful part of its business. "Using bitcoin for speculative trading or people buying and selling bitcoin because they think it's fun -- that's not an interesting business for us," Jeremy Allaire, Circle's chief executive and co-founder, said in a interview with Reuters. "It's a distraction to have to support these customers given that our growth has been on our social payments business." Instead, customers will be directed to digital asset exchange Coinbase if they want to buy and sell the digital currency.
Turner Broadcasting System Inc will create more video content for mobile app Snapchat and collaborate with the social media company on advertising, Turner said on Wednesday, as they expand a partnership to broaden their reach among millennials. TV networks of the Time Warner Inc unit, including TBS and Adult Swim, will create original series exclusively for the unit of Snap, Inc, the broadcaster said in a statement. The shows include the National Collegiate Athletic Association (NCAAA) Division I Men's Basketball Championship and the Professional Golfers' Association (PGA) Championship.
The apps, like Instagram, Hipstamatic, DailyBooth and PicPlz, have been small-time projects, but now a few are trying to become real businesses.
Google’s acquisition of passwords, e-mails and other personal data from unsuspecting people may have violated the Communications Act.
Samsung and LG Electronics have moved into the realm of leadership in the technology industry, but as smartphones take the world by storm, they have remained largely confined to the sidelines.
Despite the company’s strong performance, shares fell close to 10 percent in after-hours trading after the earnings release.
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