News highlights – 23 October

Written by on October 24, 2016 in News with 0 Comments

News highlights for 23 October

A resident scans a code on a bike of MoBike in Guangzhou, Guangdong Province, China. REUTERS/Stringer

A resident scans a code on a bike of MoBike in Guangzhou, Guangdong Province, China. REUTERS/Stringer

Two-wheel drive: China tech giants bet on ‘Uber for bikes’ in hunt for next unicorn

HONG KONG (Reuters) – China’s tech industry giants are sloughing hundreds of millions of dollars into what they’re betting will be the country’s next big internet craze – ‘Uber for bikes’.  A symbol of China’s cities long before a boom in cars, snarling traffic and smog, the humble bicycle is making a comeback. Start-ups equipped with smartphone apps, GPS and scannable codes are selling cheap bike-sharing to city-dwellers as the way to beat jams on China’s most clogged streets. Read more…

Microsoft to increase UK prices of enterprise products, citing falling pound

(Reuters) – Microsoft Corp said it will be increasing pricing for its enterprise software and cloud services in the UK in the wake of the sterling’s plunge since Britons voted to leave the EU. Read more…

AT&T-Time Warner may signal start of new media industry consolidation

WASHINGTON/NEW YORK (Reuters) – The tie-up of AT&T Inc and Time Warner Inc, bringing together one of the country’s largest wireless and pay TV providers and cable networks like HBO, CNN and TBS, could kick off a new round of industry consolidation amid massive changes in how people watch TV. Read more…

Senate committee on antitrust to ‘carefully examine’ AT&T-Time Warner deal

WASHINGTON (Reuters) – An acquisition of Time Warner Inc by AT&T Inc. could raise significant antitrust issues that the U.S. Senate committee on antitrust would carefully examine, the chairman and ranking member of the committee said Sunday. Read more…

Thai junta says Google removing content with royal insults

BANGKOK (Reuters) – Thailand’s government met with representatives from Internet giant Google, amid growing calls from Thai hardline royalists to bring those who insult the monarchy to justice, as many Thais look with uncertainty to a future without their revered king. Read more…

New NYC law, San Francisco lawsuit highlight global risks for Airbnb

SAN FRANCISCO/BERLIN (Reuters) – Airbnb, the online lodging service that investors now believe is worth $30 billion, faces a reckoning. Read more..

EU regulators want to know if LinkedIn data is unique: sources

BRUSSELS (Reuters) – EU antitrust regulators want to know whether LinkedIn’s data is unique, two people familiar with the matter said on Friday, which could be key to their decision on Microsoft’s $26 billion bid for the social network. Read more…

PayPal says some customers unable to make payments due to cyber attack on Dyn

(Reuters) – PayPal Holdings Inc said on Friday that it has experienced some service disruptions due to the cyber attack on Dyn that caused Internet outages for its customers.

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