News highlights – 22 August 2017

Written by on August 23, 2017 in News with 0 Comments

News highlights for 22 August 2017

REUTERS/Lucy Nicholson/File Photo

Big food companies explore blockchain for the supply chain

CHICAGO/NEW YORK, (Reuters) – Nestle SA, Unilever Plc, Tyson Foods Inc and other large food and retail companies have joined IBM’s project to explore how blockchain technology can help track food supply chains and improve safety, the companies said in a joint statement on Tuesday. Read more…

Toshiba prioritises Western Digital for chip sale

TOKYO (Reuters) – Japan’s Toshiba Corp is prioritizing talks with Western Digital to sell its memory chip business, as negotiations with a previously preferred bidder have stalled, the Nikkei business daily reported on Wednesday. Read more…

5G investment will not be about fast roll out: Telenor CEO

OSLO (Reuters) – Norway’s Telenor expects investments in 5G mobile networks to be more gradual than the rapid roll-outs of earlier networks, chief executive Sigve Brekke told a conference in Oslo on Tuesday. Read more…

Why Bitcoin is on the up and up

The platform recently endured a hard fork that saw it split in two and come out seemingly unscathed. Meanwhile, the cryptocurrency has risen from relative obscurity to become a popular topic of discussion in the mainstream, with everyone from Bloomberg to Forbes covering it regularly. Read more…

Salesforce beats expectations, shares down

(Reuters) – Salesforce.com Inc posted a quarterly profit that narrowly beat analysts’ estimates as it invested heavily to fend off competition in the cloud-based software sector. Read more…

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