Crunch Report | Sequoia Capital’s Next Fund Could Be $5 Billion

Daimler acquires a majority stake in an Uber competitor in France, Sequoia Capital’s next fund could be a $5 billion one and an iced tea company changes its name to Long Blockchain and its value skyrockets. All this on Crunch Report. Read More

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France puts Facebook on notice over WhatsApp data transfers

 Facebook and WhatsApp have been issued with formal notices by France’s data protection watchdog warning that data transfers being carried out for ‘business intelligence’ purposes currently lack a legal basis — and consequently that Facebook Inc, WhatsApp’s owner, has violated the French Data Protection Act. Read More

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New AWS Paris region makes it easier for customers to follow France’s data privacy rules

 Amazon Web Services launched a new region in Paris today to serve customers in the European Union. This is AWS’ fourth region in the EU after Germany, Ireland and the United Kingdom. One advantage of the Paris region is that it makes it easier for tech companies in France to comply with its data privacy regulations. Read More

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Soccer star criticised for posting blackface photo of himself

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Another day, another case of blackface.

French soccer star Antoine Griezmann has been criticised for posting a photo of himself in full blackface online for an “’80s party” online on Sunday.

Dressed as what appears to be a Harlem Globetrotters basketball player, complete with an afro wig and darkened skin, 26-year-old Griezmann received a string of angry comments about the costume.

I’m already stressed out about Griezmann’s inevitable apology saying “a lot of my best friends are black.” pic.twitter.com/0UtS3Yb7Yv

— Miriti Murungi (@NutmegRadio) December 17, 2017 Read more…

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There’s a butter shortage in France

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In the 1980s, farmers in Europe were given a quota of how much milk they could produce. Up until 2015, the supply and demand for dairy was fairly stable. However, in 2015, the quota was lifted and farmers could produce as much milk as they wanted. 

The result? Milk is more difficult for farmers to sell. Most of the milk is going towards creating more profit-yielding cream and cheese—and not enough towards butter. The demand for butter is higher than ever and the supply is dwindling, making the country fearful for one of its most iconic pastries: the croissant. Read more…

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