THE NEWS WRAP: EU urges Google to extend ‘right to be forgotten’ globally

The European Union is calling on Google to apply the recent ‘right to be forgotten’ ruling to the rest of the world, The New York Times reports.

Currently, the right to be forgotten ruling, which created a process for people to remove links to unwanted content from Google’s search results, applies only to Google’s local European sites like Google.de in Germany.

The law is easy to work around as all anyone has to do is perform a search on Google’s other sites, like Google.com.

The EU has issued new guidelines which aim to firm up the law by requiring Google and other search engines to take down links on sites outside the region as well.

Mobile marketplace Carousell raises $6 million in Series A

Singaporean startup Carousell, a mobile app marketplace that lets sellers upload items with a few taps on their smartphones, has raised $US6 million ($A7 million) in Series A funding led by Sequoia Capital, TechCrunch reports.

The company plans to hire more growth and web engineers to support its expansion into Indonesia, Malaysia, and Taiwan and eventually further into the Asia-Pacific region.

Carousell has held the number one shopping app spot in Singapore’s iOS App Store since June.

Tiger Global raises $2.5 billion

New York-based investment firm Tiger Global has raised $US2.5 billion ($A2.9 billion) in new funding, TechCrunch reports. 

A letter to investors says the money will be split between a new $1.5 billion Global Internet Opportunities Fund that will launch in January 2015, and a $1 billion Global Long Opportunities Fund.

Overnight

The Dow Jones Industrial Average is up 12.81 to 17,827.75. The Australian dollar is currently trading at US85 cents.

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