July, 2020

• 11 July

  Silver Peak to explore $1bn sale

  Bloomberg Silver Peak Systems Inc., a networking company backed by venture capital firms Greylock Partners and TCV, is exploring a potential sale that could value it around $1 billion, according to people familiar with the matter. The Santa Clara, California-based company is working with a financial adviser, the people said, asking not to be named because the matter is private. ...

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• 11 July

  Google to restrict ads for tracking tech, spyware

  

  Bloomberg Alphabet Inc.’s Google is changing its policies next month to restrict advertising for spyware and other unauthorized tracking technology. The change “will prohibit the promotion of products or services that are marketed or targeted with the express purpose of tracking or monitoring another person or their activities without their authorisation,” according to the company. While ads for these products ...

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• 11 July

  Travelodge hotels under threat from rivals

  

  Bloomberg The landlords of as many as 40 Travelodge hotels are planning to replace them with a serviced apartment operator following a bitter row with the budget hotel chain over rent cuts, according to the Daily Telegraph. Various unnamed landlords are in discussions with Room2, which wants to launch a low-cost version of its “hometel” concept, which combines serviced apartments ...

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• 11 July

  Google, Amazon, J&J join WHO to fight Covid-era smoking

  

  Bloomberg With the World Health Organisation (WHO) warning the globe’s 1.3 billion tobacco users are at higher risk during the global Covid-19 pandemic and in need of new tools to quit, it’s calling in the big guns: Johnson & Johnson, Amazon.com Inc. and Alphabet Inc.’s Google. In a rare tie-up with the private sector, the WHO is launching with its ...

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• 11 July

  The cars of our self-driving future will be electric

  

  Bloomberg Cars aren’t going away any time soon. So the ultimate green move will be combining two emerging technologies: autonomous driving and fully electric cars. Autonomy brings efficiency in driving and battery use, while electric cars drastically cut emissions, fuel costs and maintenance. Even so, a rift has developed within the automobile industry about the best way to move forward. ...

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• 11 July

  Tesla scrutinised by German court over Autopilot claims

  

  Bloomberg Tesla Inc.’s promotion of its driver-assistance system Autopilot is under scrutiny in Germany, where a court is scheduled to rule next week on whether the carmaker is misleading consumers. The maker of the Model 3 sedan says that Tesla vehicles have full potential for autonomous driving. The company also has promoted its cars as having the ability to perform ...

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• 11 July

  Amazon’s plan for a fleet of 3,236 satellites wins backing of FCC chair

  

  Bloomberg Amazon.com’s plan for a fleet of 3,236 communications satellites won the backing of the US Federal Communications Commission (FCC) chairman, who said he had asked fellow commissioners to approve the venture. “Satellite constellations like this aim to provide high-speed broadband service to consumers in the US and around the world,” Ajit Pai said in a tweet. Pai added that ...

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• 11 July

  Google wins Renault contract in first major French cloud deal

  

  Bloomberg Google has won a multi-year deal to store Renault SA’s manufacturing data, marking the US tech company’s first major industrial cloud deal in France. The Alphabet Inc. unit will gather data from Renault factories, robots and supply chains, the companies said. Google called the contract the largest of its kind globally, though both businesses declined to comment on how ...

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• 11 July

  Daimler may need to cut 15,000 jobs

  Bloomberg Daimler AG plans to sell its factory in Hambach, France, as the maker of Mercedes-Benz cars pursues deeper-than-expected restructuring to overcome the fallout of coronavirus pandemic. The move to unload the home of the Smart two-seater will result in a negative one-time effect of roughly $562 million in the second quarter, Daimler said. It doesn’t expect an impact on ...

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• 9 July

  Mohamed appoints board for ‘Frontline Heroes Office’

  

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Frontline Heroes Office, has appointed the Board of the Office, under the chairmanship of Sheikh Sultan bin Tahnoon Al Nahyan. The Board of the Frontline Heroes Office includes the following members: ...

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