News highlights – 28 September

Written by on September 29, 2016 in News with 0 Comments

News highlights for 28 September

 Matej Kastelic /

Matej Kastelic /

South African banks find mobile money formula

Local telecommunication service providers have tried their luck with mobile money services with little or no luck. While South African telcos have found the going tough with their mobile money offerings, local banks are singing a different tune. Read more…

Cyber firm challenges Yahoo claim hack was state-sponsored

WASHINGTON (Reuters) – A cyber security company on Wednesday asserted that the hack of 500 million account credentials from Yahoo was the work of an Eastern European criminal gang, adding another layer of intrigue to a murky investigation into the unprecedented data heist. Read more…

YouTube hires veteran music executive Lyor Cohen as music head

(Reuters) – YouTube, Google’s video streaming service, has hired former Warner Music Group executive Lyor Cohen as its global head of music as it looks to strengthen its relationships with the music industry. Read more…

Spotify in advanced talks to buy SoundCloud – FT

(Reuters) – Swedish music-streaming service provider Spotify is in advanced talks to acquire German rival SoundCloud, the Financial Times reported on Wednesday, citing people briefed on the discussions. Read more…

NASA to help China improve air traffic management

SHANGHAI (Reuters) – NASA has signed an agreement with the Chinese Aeronautical Establishment (CAE) to cooperate on research that will help China’s airports improve their management of air traffic, the U.S. space agency said late on Wednesday. Read more…

Uber launches global assault on food delivery market

AMSTERDAM (Reuters) – Uber is making an aggressive drive into meal delivery, backed by a wave of staff recruitment, with the U.S. tech heavyweight gearing up to enter at least 22 new countries and take on local rivals. Read more…

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