News highlights – 1 September

Written by on September 2, 2016 in News with 0 Comments
 REUTERS/Brendan McDermid

REUTERS/Brendan McDermid

News highlights – 1 September

HP Enterprise to sell software unit to Thoma Bravo

(Reuters) – Hewlett Packard Enterprise Co (HPE) is in talks with buyout firm Thoma Bravo LLC to sell its software division, hoping it can fetch between $8 billion and $10 billion, according to people familiar with the matter. Read more…

Samsung calls a halt to production of Galaxy Note 7, will replace sold phones

Tech giant Samsung Electronics Co Ltd said on Friday it will halt the sales of its Galaxy Note 7 smartphones and will prepare replacement devices for phones already sold. Read more…

Amazon and LG Electronics partner for smart homes

SEOUL (Reuters) – LG Electronics Inc said on Friday it is partnering with Inc on smart-home services, enabling the U.S. company’s services such as the Alexa virtual assistant on some of the electronics maker’s devices. Read more…

Apple not only one in Vestager sights

BRUSSELS (Reuters) – Other multinationals that do not employ as extreme Irish tax schemes as Apple Inc but shift profits via the country to tax havens could also be breaching EU rules, Margrethe Vestager said on Thursday. Read more…

China worried about anti-trust issues over Didi, Uber merger

SHANGHAI (Reuters) – China’s commerce ministry is investigating the planned acquisition by ride-hailing firm Didi Chuxing of U.S. rival Uber Technologies Inc’s China unit over anti-monopoly concerns, the ministry’s spokesman said on Friday. Read more…

Are ‘national security’ policies stifling economic growth?

SINGAPORE (Reuters) – Many economies, including China, pursue policies on national security grounds that may hit the free flow of trade and investment in information and communications technology (ICT), the U.S. Chamber of Commerce said in a report. Read more…

EU antitrust authorities approve Italian mobile deal

The European Union’s antitrust authorities have approved the merger of Italian mobile operators Wind and 3 Italia after parent companies VimpelCom and CK Hutchison agreed to free up assets to help France’s Iliad create a fourth network operator. Read more…

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