News highlights – 20 March
Climbers walk towards camp four from camp three at Everest, in this picture taken on May 19, 2016. Phurba Tenjing Sherpa/Handout via REUTERS
GPS device to prevent false Everest claims by climbers
KATHMANDU (Reuters) – Nepal will provide GPS tracking devices to some mountaineers who attempt to scale Mount Everest this year to prevent them from making false summit claims and to track climbers in distress, an official said. Read more…
Snap snaps back after analyst assigns first ‘buy’ rating
SAN FRANCISCO (Reuters) – Snap Inc stock rose on Monday after the Snapchat owner received its first “buy” rating from a Wall Street analyst following a $3.4 billion public listing this month that raised the eyebrows of many on Wall Street. Read more….
MoneyGram board says Euronet offer could result in superior proposal
(Reuters) – U.S. electronic payments company MoneyGram International Inc said on Monday that peer Euronet Worldwide Inc’s offer could result in a superior proposal compared to the one from China’s Ant Financial Services Group. Read more…
As part of Asia pivot, Netanyahu pushes Israeli hi-tech in China
JERUSALEM/BEIJING (Reuters) – China’s economy may be 35 times larger than Israel’s, but Prime Minister Benjamin Netanyahu is hoping to use that to advantage during a three-day visit to Beijing as he looks to reorient Israel’s economy toward Asia over Europe and the United States. Read more…
Alibaba buys out online ticketing platform Damai
SHANGHAI (Reuters) – China’s Alibaba Group Holding Ltd has fully acquired online ticketing platform Damai.cn, the e-commerce giant said on Tuesday, marking a further push into entertainment by the firm as it expands beyond its core online retail business. Read more…
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