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Insight: Costly shift to new credit cards won't fix security issues | | By Nandita Bose CHICAGO (Reuters) - New technology about to be deployed by credit card companies will require U.S. consumers to carry a new kind of card and retailers across the nation to upgrade payment terminals. Credit card companies have set an October deadline for the switch to chip-enabled cards, which come with embedded computer chips that make them far more difficult to clone. Counterfeit cards, however, account for only about 37 percent of credit card fraud, and the new technology will be nearly as vulnerable to other kinds of hacking and cyber attacks as current swipe-card systems, security experts say. Moreover, U.S. banks and card companies will not issue personal identification numbers (PINs) with the new credit cards, an additional security measure that would render stolen or lost cards virtually useless when making in-person purchases at a retail outlet.
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Sun Pharma to buy Glaxo's opiates business in Australia | | Sun Pharmaceutical Industries Ltd , India's largest drugmaker by sales, said on Tuesday it has agreed to buy GlaxoSmithKline's opiates business in Australia to strengthen its pain management portfolio. The business consists of analgesics made from raw materials found in opium poppy plants, and includes two manufacturing sites in the states of Tasmania and Victoria. A Sun Pharma spokesman declined to comment. Glaxo did not immediately respond to a request seeking comment.
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Small step by Tokyo district could be giant leap for LGBT equality | | By Elaine Lies TOKYO (Reuters) - Same-sex couples in Japan are awaiting the results of a debate in a Tokyo local assembly that may give them what their Western counterparts have long had: a chance to step out of the shadows. The proposal by Tokyo's Shibuya ward to recognise same-sex partnerships from April may seem insignificant compared with the United States, where gay marriage is legal in all but 13 states. It may be much less than we expected, but the first bit is really hard," said Hitoshi Ohashi, who runs a gallery out of the Tokyo apartment he shares with his partner, author Bob Tobin. "We must have the same guarantees and rights," added Ohashi, whose marriage to Tobin in California lacks legal standing in Japan.
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Rap mogul 'Suge' Knight taken to jail medical facility again | | By Daina Beth Solomon LOS ANGELES (Reuters) - Rap mogul Marion "Suge" Knight told a judge in Los Angeles on Monday that he had fired his attorneys and could not understand court proceedings against him, the Los Angeles Times reported, before he was taken to a jail medical facility. The 49-year-old co-founder of influential label Death Row Records, who has pleaded not guilty to murder charges stemming from a fatal hit-and-run, was still in the infirmary late in the afternoon, said a sheriff's official. Knight's attorney, David Kenner, said he could not comment on whether he would continue representing the music executive, but added that Knight's health was "not good." During the hearing, Knight stood before Los Angeles County Superior Court Judge James Brandlin wearing an orange jumpsuit and eyeglasses. I can't really comprehend what's going on," Knight said, according to the paper.Brandlin transferred Knight's hit-and-run case, along with a pending robbery case, to the downtown Los Angeles courthouse from two distant courthouses.
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UK's Cameron says child sex abuse to be classified "national threat" | | British Prime Minister David Cameron will make child sexual abuse a national priority on a par with organised crime on Tuesday, as he announces a series of measures to prevent systematic abuse. Britain has been rocked by a series of child sex abuse revelations, including a case in Rotherham, northern England, where some 1,400 children, some as young as 11, were abused by gangs of predominantly Asian men. Classifying child sexual abuse as a national threat will create a duty for police forces to collaborate across regions to safeguard children, Cameron's office said. Cameron will also announce other measures to improve coordination between public bodies and a helpline to encourage whistleblowers.
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Accused al Qaeda operative wrote in code about UK bomb plot - U.S. | | By Nate Raymond NEW YORK (Reuters) - A Pakistani man used a code in which women's names substituted for bomb materials when he would email with al Qaeda about a plot to kill hundreds of people in England in 2009, a U.S. prosecutor said on Monday. Abid Naseer sent an al Qaeda operative emails with stilted language about women and a wedding, but the emails were actually about a planned car bombing, prosecutor Zainab Ahmad told jurors at the close of a federal trial in Brooklyn, New York. The emails contained women's names like Huma and Nadia in place of bomb making materials starting with the same letter, such as hydrogen peroxide and nitrate, she said. "They're so coded that they're half gibberish," yet they reflected Nasser's intent to carry out an attack on al Qaeda's behalf, Ahmad said in her closing argument.
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Exclusive - Obama sharply criticizes China's plans for new technology rules | | By Jeff Mason WASHINGTON (Reuters) - President Barack Obama on Monday sharply criticized China's plans for new rules on U.S. tech companies, urging Beijing to change the policy if it wants to do business with the United States and saying he had raised it with President Xi Jinping. In an interview with Reuters, Obama said he was concerned about Beijing's plans for a far-reaching counterterrorism law that would require technology firms to hand over encryption keys, the passcodes that help protect data, and install security "backdoors" in their systems to give Chinese authorities surveillance access. "This is something that I've raised directly with President Xi," Obama said. "We have made it very clear to them that this is something they are going to have to change if they are to do business with the United States." The Chinese government sees the rules as crucial to protect state and business secrets.
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