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[Misc] 2018 Reuters News - Apr 09 ~ Apr 13
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Facebook cuts ties to data brokers
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Facebook is cutting ties with several large data brokers that help advertisers target people on the social network. It's under pressure to improve how it handles data after personal information of about 50 million of its users ended up at a political consulting group Cambridge Analytica, which was later hired by Donald Trump's presidential campaign. Facebook stock rose on the news. The Phoenix Group's Max Wolff: "Yes, I think Facebook is now kind of trying to put Humpty Dumpty back together again when it comes to data trust. That's a hard thing to do, but the bolder steps probably make sense. I think the risk to Facebook was, is, and will be for a while that the public understands just how big the data collection operation is, that they decide that the free services they get, and they do get free services from Facebook, aren't worth the intrusive nature of the data collection. My guess is, this is a tough episode. It results in some more regulation, and some more difficult regulation, probably slows the growth a little bit, probably dents the gross margin and the net margin at Facebook. But I don't think Facebook going anywhere, and I don't think there's another place for those advertisers to go quite yet." Facebook also said it'll adjust its privacy settings, giving users more control over their personal data.

Amazon to sell groceries in France
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Amazon notches another deal with an upscale supermarket chain, this time in France. Monoprix will become the first French retailer to sell groceries via Amazon. A dedicated virtual store will make available Monoprix's goods via the Amazon Prime Now app or website. For now, sales will be limited to the greater Paris market, but Monoprix wouldn't rule out broadening the deal to other parts of France. The move follows Amazon's purchase of organic foods chain Whole Foods Market in the U.S. and a deal to sell goods from the British supermarket chain Morrisons. Amazon's stock rose at the market open Tuesday. Shares of the owner of Monoprix, Casino, soared amid speculation the Amazon move could lead to a bigger deal. A source says Amazon and Casino are discussing a possible deal in Brazil. 

Beijing chokes in heavy dust as sandstorm blows in
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A sandstorm in China's capital Beijing drove the city's air quality index to dangerous levels on Wednesday, prompting authorities to warn people to keep their windows closed and wear dust masks. A 'blue' warning, the lowest in China's four-tier system of air quality warnings was issued for residents in the city's north and surrounding provinces. An air quality reading by the US state department, based on concentrations of breathable particles known as PM2.5, registered as "very unhealthy". China's own official reading, calculating six different pollutants including PM2.5, registered a "hazardous" rating. Chinese authorities frequently blame Mongolia's Gobi desert for the sandstorms, which register on the index as larger particles known as PM10. Beijing's air quality alert was due to last until Wednesday night local time. 

Huawei steps up rivalry in European phone market
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In the battle for market-share, Chinese smartphone maker Huawei is going on the offensive in Europe where it has made strides against rivals Samsung and Apple. The world's number three smartphone maker launching a new flagship phone in Paris on Tuesday. Its pitch being a powerful triple camera, and sensors that offer top-notch image definition, at a cheaper price than the competition. A fresh attempt by Huwawei to stand out in the increasingly look-alike smartphone market. And in Paris, it seemed to have won over some potential converts. "The three things with iPhone that I love - face recognition, battery life and a camera -- and when you've got a camera now that just blows it out of the water, you go, 'Oh my god,' and it's beautiful? You go, 'Possibly I've been using the wrong phone. Maybe I will switch.'" U.S. mobile phone networks refuse to sell Huawei phones. So Europe is the lynchpin of its expansion plans. In Italy and Spain it now ships more than Apple and is closing in on Samsung, Shipments to Europe grew by more than fifty percent in the first half of last year.

GM says South Korean arm may file for bankruptcy
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General Motors says its South Korea arm would file for bankruptcy if the union representing local workers did not agree to cut labor costs by April 20. That puts pressure on striking workers to quickly agree on a rescue plan for GM Korea. The US automaker said in February it was shutting down one of its four local plants and asked for both government help and union concessions if it is going to stay. GM Korea plans to reduce job numbers by 5,000 people, slashing nearly a third of its workforce. The crisis has put South Korean president Moon Jae-in in a difficult spot after he came to power last year promising to create jobs. GM says it will keep making cars if Seoul agrees to its proposed 2.8 billion dollar restructure. Nearly 2,500 GM workers have applied for redundancy packages so far. The union said early this month it will not demand pay rises or bonuses this year but wants GM to agree to a future production plan and job security. GM Korea employs nearly 16,000 people and previously made around one fifth of the company's global Chevy output.