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China’s Xiaomi raises $1.1 billion from investors at $45 billion valuation

BEIJING (Reuters) – China’s Xiaomi Inc [XTC.UL] one of the world’s fastest-growing smartphone makers has raised $1.1 billion in a round of funding that cements its status as one of the world’s most valuable private technology companies at a valuation of $45 billion.

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The Bank of England is using Facebook and Twitter to help set interest rates

When you’re the central bank in charge of determining interest rates for millions of UK inhabitants being able to predict economic trends is of paramount importance. To do this the Bank of England has numerous tools at its disposal but research of…

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The 12 tech months of 2014

A look back at 12 months as measured out by technology stories.

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‘The Interview’ and the aftermath

After a very public admonition by President Barack Obama Sony Pictures released The Interview to Google Play YouTube the PlayStation and Xbox stores and now iTunes to say nothing of over 300 independent theaters across the United States in time f…

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Wolf ‘most pirated film of 2014’

The Wolf of Wall Street Martin Scorsese’s true-life tale of corrupt New York stockbrokers leads the pack of the most illegally downloaded movies of 2014.

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Gmail goes down in China Great Firewall may be to blame

Many China-based Gmail users have discovered that they’ve been unable to access emails since the start of the weekend. According to GreatFire.org a China-based freedom of speech group many Gmail web addresses were blocked in China on Friday — cont…

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Aphex Twin is making music software based on mutation

Aphex Twin (aka Richard James) is known for creating original complex sounds whenever he can but his next creation might just take the cake. He tells Groove that he hired a programmer to develop music software based on mutation. Once you give the a…

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Google’s Gmail blocked in China

BEIJING (Reuters) – Google Inc’s Gmail was blocked in China after months of disruptions to the world’s biggest email service with an anti-censorship advocate suggesting the Great Firewall was to blame.