News highlights – 12 December

Written by on December 13, 2016 in News with 0 Comments

News highlights for 12 December

Bill Gates, co-chair of the Bill and Melinda Gates Foundation. REUTERS/Joshua Roberts/File Photo

Bill Gates, investors launch $1 billion clean tech fund

(Reuters) – Microsoft co-founder Bill Gates and a group of high-profile executives are investing $1 billion in a fund to spur clean energy technology and address global climate change a year after the Paris climate agreement. Read more…

EU fines Japanese rechargeable battery makers over cartel

BRUSSELS (Reuters) – The European Commission said on Monday it had fined three Japanese makers of rechargeable lithium-ion batteries 166 million euros ($176.2 million) for their involvement in a price-fixing cartel from 2004 to 2007. Read more…

Tesla settles Norway lawsuit over car’s performance

OSLO (Reuters) – Electric carmaker Tesla Motors Inc has reached an out-of-court settlement with 126 Norwegian customers who claimed their cars’ performance did not match promises made in the firm’s marketing. Read more…

Meet the Ma family: How millennials are changing the way China thinks about money

SHANGHAI (Reuters) – Ma Yiqing, 24, is typical of China’s younger generation – he uses his credit card frequently and borrows from online platforms to fund his shopping habits. In a pinch, he is happy to fall back on a lender closer to home – his mum and dad. Read more…

Indian telcos slash hiring by upto 40% in 2016, outlook gloomy

MUMBAI: Hiring in India’s telecom industry has slumped by upto 40% in 2016 as carriers cut back on recruitments to conserve cash in the midst of a a brutal price war unleashed by Reliance Jio Infocomm’s entry. Operators and recruiters say the sector will continue to be cautious on adding to the staff count over the next six months to a year to tide over severe financials stress. Read more…

AT&T heralds first live use of interoperable Optical Transport Equipment

AT&T said it has unleashed the industry’s “first” interoperable optical equipment on its network in a move the carrier said will help it address the massive surge in data traffic. In a Friday blog post, AT&T Labs President and Chief Technology Officer Andre Fuetsch said the carrier has successfully deployed a new kind of network switch – a reconfigurable optical add/drop multiplexer, or ROADM, for short – on its Dallas area network. Read more…

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