News highlights – 2 March

Written by on March 3, 2017 in News with 0 Comments

News highlights for 2 March

REUTERS/Kim Kyung-Hoon

ZTE is close to pleading guilty over sales to Iran

NEW YORK (Reuters) – Chinese telecom equipment maker ZTE Corp is nearing an agreement to plead guilty to U.S. criminal charges and pay hundreds of millions of dollars in penalties over allegations it violated U.S. laws that restrict sale of U.S. technology to Iran, a person familiar with the matter said. Read more…

Amazon outage caused by human error

(Reuters) – Amazon.com Inc blamed human error for the disruption in its cloud services that resulted in widespread glitches for its clients from news sites to government services on Tuesday. Read more…

Snap buoyed by ‘me too’ sentiment among investment funds

NEW YORK/SAN FRANCISCO (Reuters) – Institutional investors anxious not to be left out of this year’s marquee initial public offering helped Snap Inc  pull off the biggest U.S.-listed technology share sale this week since Chinese e-commerce juggernaut Alibaba Group Holding Inc smashed records in 2014. Read more…

Spotify nears critical mass, hits 50 million subs

(Reuters) – Spotify said on Thursday it has reached 50 million paid subscribers, growing 25 percent in less than six months and extending the Swedish music streaming service’s lead over its closest rival, Apple Music. Read more…

Amdocs introduces ‘self-driving’ telco

Amdocs has introduced “aia”, an industry-specific digital intelligence platform for telcos that implements business logic to automate and modernize a service provider’s business. The result, says Amdocs: the “self-driving telco” Read more…

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