News highlights for 26 June
A salesman checks a customer’s iPhone at a mobile phone store in New Delhi, India. REUTERS/Adnan Abidi/File photo
Apple CEO touts India impact in push for deeper market access
(Reuters) – Apple CEO Tim Cook on Sunday highlighted the economic impact the company is having on India in a meeting with its prime minister as the iPhone maker seeks deeper access to the world’s third-largest smartphone market behind the United States and China. Read more…
Google set to face record EU antitrust fine as soon as today: sources
PARIS (Reuters) – EU antitrust regulators are likely to impose a record fine on Alphabet unit Google over its shopping service as soon as Tuesday, two people familiar with the matter said on Monday, concluding one of three cases against the company. Read more…
Tesco launches one-hour delivery to London customers
LONDON (Reuters) – Tesco, Britain’s biggest retailer, is to offer a one-hour grocery delivery service to customers in central London, firing the latest salvo in the cut-throat online supermarket sector. Read more…
Apple working with Hertz to test self-driving technology: Bloomberg
(Reuters) – Apple Inc is leasing a small fleet of cars from rental company Hertz Global Holdings Inc to test self-driving technology, Bloomberg reported on Monday. Hertz shares were up 13.5 percent at $10.82, while shares of Apple were slightly down. Read more…
Alphabet partners with Avis to manage self-driving car fleet
(Reuters) – Waymo, the self-driving car unit of Alphabet Inc, said on Monday it signed a multi-year agreement with Avis Budget Group Inc for the car rental firm to manage its growing fleet of autonomous vehicles, sparking a surge in Avis Budget’s stock. Read more…
Google, Microsoft among companies urging court to back gay workers
(Reuters) – Dozens of companies, including Alphabet Inc’s Google, Microsoft Corp, CBS Corp and Viacom Inc urged a federal appeals court on Monday to rule that a law banning sex discrimination in the workplace offers protections to gay employees. Read more…
Yoox Net-a-Porter shares jump as traders cite Alibaba interest
MILAN (Reuters) – Shares in Italian online fashion retailer Yoox Net-A-Porter closed up almost 9 percent on Monday as traders cited reported interest from Chinese e-commerce giant Alibaba Group. Read more…
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