News highlights – 22 January

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

News highlights for 22 January

REUTERS/Stringer

China sets up $14.5 billion investment fund for internet companies

BEIJING (Reuters) – China has set up a 100 billion yuan ($14.55 billion) fund to support investment in the internet sector, said official news agency Xinhua on Sunday. The fund, backed by China’s cabinet, is designed to help turn China into a major player in internet technology. Read more…

Teresa May sees tech sector as major growth area after Brexit

LONDON (Reuters) – The government’s plan to reshape Britain’s economy to adapt to Brexit will be announced next week, Prime Minister Theresa May said on Sunday, highlighting technology as one growth sector and setting out a new technical education strategy. Read more…

Foxconn chief says rise of protectionism unavoidable

TAIPEI (Reuters) – The head of Foxconn, the world’s largest contract manufacturer of electronic goods and a major Apple Inc supplier, said on Sunday that the rise of protectionism is unavoidable. Read more…

Canada reaches agreement with Apple and publishers over discounts

OTTAWA (Reuters) – Canada’s business competition watchdog said on Friday it had reached an agreement with Apple Inc and three major e-book publishers that will allow retailers to offer discounts to customers. Read more…

In Europe, drones, VR as a service, via Media Saturn

BERLIN (Reuters) – Media Saturn, Europe’s biggest consumer electronics group, is trialing a new service at its Media Markt unit to allow customers to rent devices such as drones or virtual reality headsets, in a bid to tempt customers to try out new products. Read more…

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