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People should be in charge of their data

  Leonid Bershidsky A clash between European Union bureaucracy and artificial intelligence is a plot worthy of a cyberpunk thriller. It will take place in real life in 2018, once some European data protection laws, passed earlier this year, go into effect. And, though we might instinctively be tempted to endorse progress over regulation, the EU is on the side ...

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What Pokemon Go actually is (and isn’t)

  Virginia Postrel At 56, I’m way too old to be playing Pokemon Go. After all, the smartphone game’s phenomenal success is built on millennial nostalgia, and I don’t even have any kids to blame. But what started out as research has turned into a mild addiction. It’s fun to wander the streets finding magic critters and the tools to ...

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Brexit bites: UK construction set for quarterly decline

  Bloomberg UK construction is on course to shrink for a second straight quarter and economists are warning of worse to come after Britain voted to leave the European Union. Building output fell 2.1 percent in May, almost double the decline forecast in a survey of economists, figures from the Office for National Statistics showed this week. There were falls ...

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Brexit could help foreigners buy more of London

  Bloomberg One consequence of Brexit could be that more London properties end up in foreign hands. That’s the ironic product of Britain’s decision to exit the European Union — an outcome predicated in part on a desire to reduce immigration to the UK. Investors pulling money from UK property funds out of fear that real estate values will fall ...

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Work on 2018 World Cup venue halted over dispute

  Saint Petersburg / AFP A dispute with local authorities has frozen building work on one of the venues for the 2018 World Cup in Russia’s second city Saint Petersburg, the firm overseeing the construction said this week. Inzhtransstroy-SPB, which is building the new ultra-modern 68,000-seat stadium, said in a statement that local authorities owed it one billion rubles ($16 ...

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Standard Life, Legal & General join the property-fund sales rush

  Bloomberg Standard Life Investments and Legal & General Group Plc have joined the list of UK real estate fund managers offering buildings for sale after the UK’s vote to leave the European Union sparked an increase in redemptions. The asset managers are working with brokers to sell London office buildings, joining Henderson Global Investors and Aberdeen Asset Management Plc ...

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Red flag signalling 2007 housing bust is fluttering again

  Bloomberg Almost nine years after the housing-market bust helped trigger the most recent recession, RealtyTrac senior vice president Daren Blomquist sees the industry waving a red flag. The same fervent speculation that abetted the housing bubble is showing up in the bloated share of foreclosures snapped up by third-party investors at auction — a record 31 percent in June, ...

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Daily dozen with Pokémon Go

  Bloomberg A four-mile walk home wasn’t a normal part of Peter Morency’s routine before Pokémon Go entered his life. But on Wednesday evening the 25-year-old Tufts University administrative assistant ditched the Boston-area bus and caught a virtual bestiary—Drowzee, Bellsprout, Poliwag, Clefairy, and Charmander, all characters from Nintendo Co. Ltd.’s blockbuster mobile game—during a leisurely two-hour stroll. Millions of Pokémon ...

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Myanmar’s fast food swerves to home style

  Yangon / DPA In a Yangon shopping mall, Wai Hin tucks into a lunchtime burger. “I like such foods and places,” he says, sitting in the cool air of the South Korean Lotteria franchise in Junction Square mall, one of the largest buildings in the former Myanmar capital. “It’s quiet, well-decorated and air-conditioned,” and well worth the relative expense, ...

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Hit the high road with advanced technology

  Relaxnews As summer vacations get underway, we focus on high-tech gear that is both practical and compact for keeping your luggage under the weight limit. The Jabra Sport Pace wireless earbud headphones will bring music to your ears for total freedom when working out or enjoying recreational activities. Although primarily designed for training and workouts, these headphones are a ...

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