News highlights for 26 September
Guy Laurence, President and Chief Executive Officer at Rogers Communications Inc.
REUTERS/Mark Blinch
Canada’s Rogers expects losses in shutdown of streaming service
TORONTO (Reuters) – Rogers Communications Inc will incur third-quarter losses of between C$100 million ($75.60 million) to C$140 million as its joint-venture Shomi video streaming service is shut down, the Canadian company said on Monday. Read more…
Germany seeking comprehensive 5G mobile network: report
BERLIN (Reuters) – Germany wants to become the first country to set up a comprehensive 5G mobile network, the Frankfurter Allgemeine Zeitung quoted digital infrastructure minister Alexander Dobrindt as saying in Tuesday’s editions. Read more…
R3, eight banks successfully test Intel blockchain platform for bond trading
NEW YORK (Reuters) – U.S.-based financial innovation start-up R3 announced on Monday that it and eight banks, including HSBC and State Street, have successfully tested a blockchain platform powered by Intel Corp technology for bond transactions. Read more…
Disney, Microsoft among possible Twitter suitors: reports
(Reuters) – Walt Disney Co and Microsoft Corp joined a list of potential suitors for Twitter Inc, according to media reports on Monday. Twitter shares were marginally down at $23.33 in after-market trading. Read more…
SWIFT says bank hacks set to increase
GENEVA (Reuters) – SWIFT, whose messaging network is used by banks to send payment instructions worth trillions of dollars each day, said three clients were hacked over the summer and cyber attacks on banks are set to increase. Read more…
LVMH’s digital drive takes time despite Apple hire
PARIS (Reuters) – When LVMH (Louis Vuitton) hired former Apple music executive Ian Rogers to craft a digital strategy, investors may have hoped for some quick results. If so, they are probably disappointed. Almost a year later, aside from drafting in more digitally-savvy people and taking part in a technology start-up fair, his impact on the world’s biggest luxury goods group has yet to become visible. Read more…
German minister sets March deadline for fight against online hate
BERLIN (Reuters) – Justice Minister Heiko Maas said on Monday the German government could take legal action against Facebook and other social media groups if they do not intensify their fight against illegal hate speech or Islamist “terror phantasies”. Read more…
Renault, Nissan partner with Microsoft for connected car technology
(Reuters) – Renault SA’s carmaking alliance with Nissan Motor Co is partnering with Microsoft Corp to develop cloud-based services for cars, a step toward the group’s plans to build self-driving automobiles by 2020. The services, based on Microsoft’s Azure cloud service, will include advanced navigation, predictive maintenance and over-the-air software updates. Read more…
EU’s ‘sharing economy’ stifled by petty rules on coat hangers to light bulbs
BRUSSELS (Reuters) – Europe’s bid to champion the “sharing economy” is being undermined in the short-term rental sector by capitals imposing petty rules such as dictating the number of coat hangers home-owners must provide, a complaint filed to the European Commission says. Read more…
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