News highlights for 12 February
REUTERS/Damir Sagolj/File Photo
Australian banks want collective bargaining with Apple over payment system
SYDNEY (Reuters) – Australian banks seeking permission from the country’s competition regulator to bargain collectively with Apple Inc over its mobile payment system said on Monday they will focus on gaining access to the U.S. tech company’s contactless payment function, removing the fees Apple charges as a bone of contention. Read more…
FCC spectrum auction disappoints at $19.6 billion
WASHINGTON (Reuters) – The U.S. Federal Communications Commission said Friday that bidding in the wireless spectrum auction has ended at $19.6 billion, significantly less than many analysts had initially forecast. Read more…
Trade and protection measures might hinder Amazon growth prospects
(Reuters) – Amazon.com Inc warned on Friday that government actions to bolster domestic companies against foreign competition could hurt its business, in a possible reference to U.S. President Donald Trump’s “America First” agenda. Read more…
Facebook must do more to stamp out hate speech in Italy
ROME (Reuters) – Facebook must do much more to stamp out hate speech on its site, the president of Italy’s lower house of parliament said, warning that rising abuse on various social media was being fueled by fake news. Read more…
Nuclear headache adds to Toshiba writedowns
TOKYO (Reuters) – Toshiba Corp will on Tuesday detail a writedown of close to $6 billion after bruising cost overruns at its U.S. nuclear arm, turning investor attention to the Japanese group’s efforts to fix that and other balance sheet headaches. Read more…
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