News highlights – 7 February

Written by on February 8, 2017 in News with 0 Comments

News highlights for 7 February

REUTERS/Toru Hanai

Asian tech companies rush to announce US investment plans

SINGAPORE (Reuters) – Manufacturers in Asia’s export-oriented economies are rushing to announce investment plans in the United States, as U.S. President Donald Trump calls for companies to build more products in the country. Read more…

Activist shareholder wants Zuckerberg to give up Chairman role

An activist shareholder proposal is calling for Facebook founder and CEO Mark Zuckerberg to give up his position as chairman of the board. Read more…

8.4 billon ‘things’ will be connected this year, says Gartner

Gartner, Inc. forecasts that 8.4 billion connected things will be in use worldwide in 2017, up 31 percent from 2016, and will reach 20.4 billion by 2020. Total spending on endpoints and services will reach almost $2 trillion in 2017. Read more…

Video might make the movie star – YouTube adds monetisation feature

(Reuters) – Alphabet Inc’s YouTube said it was rolling out live streaming from mobile devices for users with more than 10,000 subscribers, adding a feature that will help them make money, as it takes on Facebook Live. Read more…

Dubai and IBM team to track shipping with blockchain tech

DUBAI (Reuters) – Dubai, one of the world’s largest trading hubs, has linked up with IBM to launch a scheme using blockchain computing technology to process transactions and keep track of goods being shipped, IBM said on Tuesday. Read more…

Currency: bitcoin up as China’s exchange reserves fall

LONDON (Reuters) – The price of digital currency bitcoin hit its highest in a month on Tuesday, after a fall in Chinese foreign exchange reserves to their lowest in nearly six years highlighted Beijing’s efforts to control capital outflows. Read more…

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