News highlights for 14 November
REUTERS/Lucas Jackson/File Photo
Twitter impresses advertisers with BuzzFeed U.S. election livestream
(Reuters) – Twitter Inc said it was able to deliver more viewers than promised to advertisers on a U.S. election night livestream, good news for the microblogging site as it tries to ward off growing competition for ad dollars from Snapchat and Instagram. Read more…
Audi software can distort emissions in tests, VW says
BERLIN (Reuters) – Audi cars with automatic transmissions have technology capable of distorting emissions when they are tested, Volkswagen said, as its luxury flagship is battling allegations over a reported discovery of a new cheat software device. Read more…
BMW eyes 100,000 electric car sales in 2017: Sueddeutsche
BERLIN (Reuters) – BMW wants to boost sales of electric cars by two-thirds next year to 100,000 vehicles as the luxury automaker is offering more battery-powered models, Sueddeutsche Zeitung reported, citing Chief Executive Officer Harald Krueger. Read more…
Consumer drone business stumbles, but commercial markets beckon
SAN FRANCISCO (Reuters) – The fledgling drone industry is in the throes of change as weak consumer demand and falling prices drive startups to shift their focus to specialized business applications. Read more…
U.S. airlines say outage linked to tech glitch at Sabre resolved
(Reuters) – American Airlines Group Inc and Alaska Air Group Inc said on Friday an outage related to a technical issue at reservation services provider Sabre Corp’s computer systems has been resolved. Read more…
Bondholders, Sawiris working on alternative plan for Brazil’s Oi
SAO PAULO (Reuters) – Egyptian billionaire Naguib Sawiris and some creditors of Oi SA have renewed their ties and are working on a post-bankruptcy protection plan for the Brazilian phone carrier that could be ready within 30 days.
EU questions U.S. over Yahoo email scanning, amid privacy concerns
BRUSSELS (Reuters) – The European Commission has asked the United States about a secret court order Yahoo used to scan thousands of customer emails for possible terrorism links, following concerns that may have violated a new data transfer pact. Read more…
Financial firms seek RegTech to cut regulatory chores, fight crime
HONG KONG (Reuters) – Financial services firms are increasingly turning to digital technology to meet onerous regulatory demands aimed at fighting financial fraud, creating a niche tech market that is estimated to grow to around $120 billion by 2020. Read more…
Tencent splurges with $220 million worth of shares in surprise birthday giveaway
HONG KONG (Reuters) – Chinese tech giant Tencent Holdings Ltd is giving its employees more than HK$1.7 billion ($220 million) worth of company shares to help celebrate its 18th anniversary. Read more…
Judge orders Amazon refunds for children’s in-app purchases
(Reuters) – A federal judge on Thursday directed Amazon.com Inc to set up a year-long process to reimburse parents whose children made in-app purchases without permission, but rejected a U.S. regulator’s request for a $26.5 million lump-sum payout. Read more…
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