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Facebook-backed crypto project Diem to launch U.S. stablecoin in major shift

By Tom Wilson and Pete Schroeder WASHINGTON, May 12 (Reuters) - Digital currency group Diem Association, formerly known as Facebook Inc FB.O 's Libra project, plans to launch a U.S. dollar stablecoin as it scales back its global ambitions to focus on the United States, the group said on Wednesday. The association, which comprises 26 financial firms
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Facebook-backed crypto project Diem to launch U.S. stablecoin in major shift

By Tom Wilson and Pete Schroeder WASHINGTON, May 12 (Reuters) - Digital currency group Diem Association, formally known as Facebook Inc FB.O 's Libra project, plans to launch a U.S. dollar stablecoin as it scales back its global ambitions to focus on the United States, the group said on Wednesday. The association, which comprises 26 financial firms
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Ukrainian MP denies involvement in violations of Facebook rules

KYIV, May 12 (Reuters) - A Ukrainian lawmaker mentioned by Facebook Inc FB.O in a report regarding coordinated campaigns, which seek to manipulate public debate, denied on Wednesday any inappropriate activities in social media. "All my activities in social networks have been and are being conducted in accordance with the established conditions and
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New York Times business news - May 11

May 11 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - An oil and gas pipeline system that was forced to shut down on Friday after a ransomware attack is not expected to be "substantially" restored until the end of the week, its opera
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Facebook removes Ukraine political 'influence-for-hire' network

By Elizabeth Culliford May 6 (Reuters) - Facebook Inc FB.O has taken down a network of hundreds of fake accounts and pages targeting people in Ukraine and linked to individuals previously sanctioned by the United States for efforts to interfere in U.S. elections, the company said on Thursday. Facebook said the network managed a long-running decepti
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