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Rule changes help India’s oil market act its size

  Reuters Freed from a layer of fusty bureaucracy, India’s state refiners are helping the country evolve an oil market that reflects its status as both the world’s fastest growing major economy and oil consumer. Changes to import rules mean officials from India’s state-owned oil refiners no longer have to stand in the corridors of the Oil Ministry waiting for ...

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Alphabet’s big bets shift to cloud

Bloomberg Alphabet Inc. will focus its biggest bets next year on the staid world of business software and cloud computing, a marked departure from lofty “moonshots” of recent years, such as burrito-carrying drones and super-fast internet service. Alphabet was formed last year, in part, to insulate the lucrative online advertising business of its Google division from riskier, more capital-intensive projects ...

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Facebook says users can’t stop it from using biometric data

Bloomberg Facebook Inc.’s software knows your face almost as well as your mother does. And like mom, it isn’t asking your permission to do what it wants with old photos. While millions of internet users embrace the tagging of family and friends in photos, others worried there’s something devious afoot are trying block Facebook as well as Google from amassing ...

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