News highlights – 18 January

Written by on January 19, 2017 in News with 0 Comments

News highlights for 18 January

Alibaba executive chairman Jack Ma, at the World Economic Forum (WEF) in Davos, Switzerland, January 18, 2017. REUTERS/Ruben Sprich

No trade war between US and China says Alibaba boss in Davos

DAVOS, Switzerland (Reuters) – China and the United States are not about to be drawn into a trade war, Alibaba Executive Chairman Jack Ma said on Wednesday at the World Economic Forum (WEF) in Davos. Read more…

Most key Samsung shares are up after decision not to arrest Lee – for now

SEOUL (Reuters) – Shares of key Samsung Group companies opened higher on Thursday, after a South Korean court rejected the special prosecutor’s request for an arrest warrant for Samsung Group leader Jay Y. Lee. Read more…

Netflix adds a third more subs than expected, shares up

(Reuters) – Streaming video pioneer Netflix Inc added over a third more subscribers than expected in the last quarter of 2016, a sign of success for its ambitious global expansion that sent its shares up 8 percent in extended trading. Read more…

5G will generate 22 million jobs and $12.3 trillion in goods and services – says study

5G has the potential to not only create 22 million jobs and generate $12.3 trillion worth of goods and services by 2035, but transform mobile into a general purpose technology on the same level as electric power and cars are today, according to a new study commissioned by Qualcomm Technologies. Read more…

No dodgy dealing on bitcoin exchange, says bitcoin exchange boss

SHANGHAI (Reuters) – The head of Chinese bitcoin exchange BTCC on Thursday denied media reports that the central bank had ruled it was offering margin loans illegally, and he said the platform is operating normally. Read more…

India wants Apple, but Apple wants too many concessions

NEW DELHI (Reuters) – Some Indian officials have baulked at Apple’s demands for concessions before it assembles iPhones there, raising doubts about a spring deadline to launch a key project in Prime Minister Narendra Modi’s campaign to lure foreign investors. Read more…

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