News highlights – 12 January

Written by on January 13, 2017 in News with 0 Comments

News highlights for 12 January

Commuters walk past a tube sign reading ‘Webminster’ after Amazon rebranded Westminster tube station as a marketing stunt in central London, Britain January 12, 2017. REUTERS/Stefan Wermuth

UK lawmakers criticize Amazon.com’s ‘Webminster’ tube ad campaign

LONDON (Reuters) – Some UK lawmakers criticized an advertising campaign by Amazon.com Inc on Thursday which involved changing the name signs at London’s Westminster underground station, where parliament is located, to ‘Webminster’, branding it “insulting”. Read more…

Trump news conference sets worldwide social media afire

NEW YORK (Reuters) – In his first news conference since the Nov. 8 election, President-elect Donald Trump set social media ablaze on Wednesday with remarks including harsh criticism of the press and a defense of his goal to improve ties with Russia. Read more…

US appeals court revives antitrust lawsuit against Apple

SAN FRANCISCO (Reuters) – iPhone app purchasers may sue Apple Inc over allegations that the company monopolized the market for iPhone apps by not allowing users to purchase them outside the App Store, leading to higher prices, a U.S. appeals court ruled on Thursday. Read more…

India’s Tata Consultancy beats third-quarter profit estimates

MUMBAI (Reuters) – India’s biggest software services exporter Tata Consultancy Services Ltd (TCS) said it would continue to focus on expanding its digital business after beating analyst estimates with a 10.9 percent rise in profit for the quarter to December. Read more…

China’s anti-Teslas: cheap models drive electric car boom

BEIJING (Reuters) – More electric cars are sold in China than in the rest of the world combined, but are mainly locally-branded models that are cheaper and have a shorter range than those offered by foreign automakers such as Tesla and Nissan. Read more…

UK’s Funding Circle, an online marketplace lender, raises $100 million

NEW YORK (Reuters) – Funding Circle, a peer-to-peer lending marketplace used by small- and medium-sized companies, has raised $100 million in an investment round led by venture capital firm Accel. Read more…

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