China will prepare a five-year cybersecurity plan to protect state secrets and data, the official China Daily said on Thursday, citing a senior official of the Ministry of Industry and Information Technology. Such a plan could add to the challenges of foreign technology firms doing business in the world's second-largest economy, by prompting government agencies and companies to opt for domestically-made software. The plan will focus on improving security for software used by government departments, state-owned enterprises and financial institutions, the paper quoted Chen Wei, the director of the ministry's software bureau, as saying on Wednesday.
By Anjali Athavaley NEW YORK (Reuters) - Soccer World Cup sponsor Nike Inc said it was cooperating with authorities after bribery and corruption charges against senior FIFA officials were announced by U.S. prosecutors and arrests were made in Switzerland. The indictment said the company agreed to financial terms not in the initial contract, which included paying an additional $40 million to an affiliate of the team's marketing agent with a Swiss bank account and referring to the amount as "marketing fees." U.S. Attorney General Loretta Lynch was asked at a news conference if there was any liability for companies that had won marketing rights and if they were being investigated. Nike later said in a statement, "Like fans everywhere, we care passionately about the game and are concerned by the very serious allegations." "Nike believes in ethical and fair play in both business and sport and strongly opposes any form of manipulation or bribery.