News highlights – 11 June

Written by on June 12, 2017 in News with 0 Comments

News highlights for 11 June

REUTERS/Mike Blake

EU starts investigation into Qualcomm’s NXP bid

BRUSSELS (Reuters) – EU antitrust authorities opened an investigation on Friday into Qualcomm’s $38-billion bid for NXP Semiconductors, ratcheting up pressure on the U.S. smartphone chipmaker to offer concessions to address their concerns. Read more…

Western Digital raising offer in last ditch attempt to grab Toshiba chip business

TOKYO (Reuters) – Western Digital Corp plans to raise its offer for Toshiba Corp’s prized semiconductor unit to $18 billion or more, a person familiar with the matter said, in a last-ditch effort to clinch a deal both companies consider vital. Read more…

Competing cities holding Asia back in fintech race

HONG KONG (Reuters) – Asia’s competitiveness in fintech is being undermined by the rivalry among the region’s financial centers that has created regulatory complexity and uncertainty, a financial lobby group has warned. Read more…

IP traffic to exceed 3 zettabytes by 2021, driven by video and the IoT

Global digital transformation will continue to have a significant impact on the demands and requirements of IP networks over the next few years, as annual IP traffic exceeds 3 zettabytes by 2021, up from an annual run rate of 1.2 zettabytes in 2016, much of it driven by IoT and video. Read more…

Bank heists hit SWIFT profits by 31 percent

LONDON (Reuters) – Dealing with cyber hacks on banks ate into profit last year at the SWIFT messaging system, which financial institutions use to move trillions of dollars each day. Read more…

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