News highlights – August 5 to 7

Written by on August 8, 2016 in News with 0 Comments

News highlights for August 5 to 7

China launches satelliteChina launches first mobile telecom satellite

XICHANG, Sichuan, Aug. 6 (Xinhua) — China on early Saturday successfully launched the first satellite for mobile telecommunication. The Tiantong-01 satellite was launched at 00:22 a.m. Beijing Time, at southwestern China’s Xichang Satellite Launch Center, with the Long March-3B carrier rocket. It is the first satellite of China’s home-made satellite mobile telecom system, and a key part of the country’s space information infrastructure. Read more…

Amazon Japan raided on suspicion of antitrust practices: Nikkei

TOKYO (Reuters) – Japan’s Fair Trade Commission has raided the office of Amazon Japan on suspicion of pressuring retailers to offer products on more favorable conditions than on rival sites, the Nikkei business daily has reported. The paper did not say when the raid took place. Read more…

Delivery Hero CEO says listing in 2017 possible: Welt am Sonntag

FRANKFURT (Reuters) – German online food takeaway service Delivery Hero, one of Europe’s biggest start-ups, could go public next year, its chief executive told a German weekly. Read more…

Google executive quits self-driving car project

(Reuters) – Chris Urmson, who was instrumental in building Google’s self-driving car project, said on Friday he is leaving the team after seven and a half years.Urmson, in a blog post late Friday, said he was “ready for a fresh challenge.” He said he was not sure what he would do next.

Alibaba says it is not making an investment in Netflix

SAN FRANCISCO (Reuters) – Alibaba Group Holding Inc is not making an investment in Netflix Inc, Alibaba spokesman Bob Christie told Reuters on Friday. Christie was responding to market rumors about a possible deal between the Chinese e-commerce company and the U.S. video service.

Oil traders prepare fond farewells to Yahoo Messenger

SINGAPORE (Reuters) – Oil traders on Friday were lamenting the imminent demise of their main communication tool, Yahoo Messenger, which has been an industry standard since the late 1990s. To some traders’ surprise, the software was still operating and in use during New York trading hours, even though Yahoo Inc had set Aug. 5 as the date for shutting down the legacy version of its chat that many were reluctant to give up. Read more…

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