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US Justice Department to open new antitrust review of big tech companies: WSJ

Wednesday, 24 July 2019

The US Justice Department is opening a broad antitrust review into whether dominant technology firms are unlawfully stifling competition, the Wall Street Journal reported on Tuesday, citing department officials. The review is geared toward examining the practices of online platforms that dominate internet search, social media and retail services, including Facebook Inc, Alphabet Inc’s Google, Amazon.com Inc, and Apple Inc, according to the report. The Justice ...

UAE businesses’ adoption of AI hindered by knowledge gap: Report

Tuesday, 23 July 2019

Almost half of businesses in the UAE are struggling to adopt artificial intelligence (AI) due to a knowledge gap on the subject, according to a survey of business leaders in the UAE conducted by the market research partner Vanson Bourne and sponsored by the technology company Avaya.Forty-four percent of UAE respondents - higher than the global average of 30 percent - cited confusion between real-world AI and fictional AI seen in TV and movies as contributing to the knowledge gap, which is the ...

Trump meets with tech CEOs on Huawei

Tuesday, 23 July 2019

US President Donald Trump met on Monday with the chief executives of seven technology companies and he agreed with their request for timely licensing decisions from the Commerce Department on blacklisted Chinese firm Huawei Technologies, the White House said. “The CEOs expressed strong support of the President’s policies, including national security restrictions on United States telecom equipment purchases and sales to Huawei,” a White House statement said. ...

Britain delays judgment on Huawei’s role in 5G networks

Monday, 22 July 2019

Britain on Monday postponed its decision on whether Huawei could participate in next-generation 5G telecoms networks until there was a clearer picture about the impact of measures taken against the Chinese company by the United States. “These measures could have a potential impact on the future availability and reliability of Huawei’s products, together with other market impacts, and so are relevant considerations in determining Huawei’s involvement in the ...

Microsoft pays $25 million to settle corruption charges

Monday, 22 July 2019

Microsoft is paying more than $25 million to settle federal corruption charges involving a bribery scheme in its Hungary office and three other foreign subsidiaries.The US Securities and Exchange Commission says Microsoft will pay about $16.6 million to settle charges that it violated the Foreign Corrupt Practices Act involving its operations in Hungary, Saudi Arabia, Thailand, and Turkey.The Justice Department says Microsoft will also pay an $8.75 million criminal fine stemming from the ...

Netflix subscriber drop hints at streaming-service fatigue

Friday, 19 July 2019

How much is too much for streaming video?A dramatic slowdown in worldwide growth at Netflix - including the first quarterly drop in its US subscribers since 2011 - is raising questions about just how much are people willing to pay for streaming services. Especially with a host of new ones from Disney, Apple and others on their way.A recent price increase seems to have spooked Netflix subscribers. The company lost 126,000 subscribers in the US, less than 1% of its 60.1 million paid US ...

Microsoft beats estimates, powered by growing cloud profits

Friday, 19 July 2019

Microsoft Corp on Thursday beat analysts’ estimates for fourth-quarter revenue and profit, powered by continued sales increases from its cloud business and a boost from businesses upgrading Windows. Since Chief Executive Satya Nadella took over in 2014, Microsoft has been shifting away from its Windows operating system software and toward cloud services, in which customers move their computing work to data centers managed by Microsoft. Revenue growth in Azure was 64% in the fiscal fourth ...

Renault chief confident partnership with Nissan on track

Thursday, 18 July 2019

Renault Chairman Jean-Dominique Senard has expressed confidence that the French automaker’s alliance with Nissan remains on track following the appointment of a new board at the Japanese firm in the wake of the scandal involving Carlos Ghosn, who chaired both companies.Senard also told reporters Thursday that there has been no effort to renew merger talks with Fiat-Chrysler, which halted discussions last month despite making the initial approach.He also said that during regular discussions ...

US Justice Dept asks appeals court to pause antitrust ruling against Qualcomm

Wednesday, 17 July 2019

The US Justice Department asked a federal appeals court to pause the enforcement of a sweeping antitrust ruling against mobile chip supplier Qualcomm Inc on Tuesday, citing support from the Energy Department and Defense Department. “For DoD, Qualcomm is a key player both in terms of its trusted supply chain and as a leader in innovation, and it would be impossible to replace Qualcomm’s critical role in 5G technology in the short term,” Ellen M. Lord, Under Secretary for ...

Pearson goes ‘digital first’ in US college market

Tuesday, 16 July 2019

Pearson, the world’s biggest education company, will release all its titles for the United States college market in digital form first, in a break from the traditional and more expensive textbook publishing model. The British provider of textbooks, courseware and testing has been hit in recent years by changes in the US market as students sought to save money by buying second-hand books, hammering its sales and profit. However it hailed a tipping point earlier this year when it said its ...

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