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The news may spell trouble for certain existing auto-tech suppliers such as mapping specialist TomTom, which counts Renault among its customers. Shares in the Dutch group fell by more than quarter after the announcement. In return for handing Google the infotainment keys, the alliance will bring the full clout of Android’s thousands of apps to its brands’ lineups - which include a strong contingent of affordably priced, no-frills models for emerging markets. The partnership promises “rich user experiences that are currently available only outside the vehicle or, to a limited extent, by connecting an Android device to supported vehicles,” alliance development chief Hadi Zablit said.
While many volume carmakers offer infotainment “mirroring” to pair with Apple iPhones or Android smartphones, premium rivals such as BMW and Daimler’s Mercedes-Benz are investing heavily in their own operating systems, vocal assistants and connected services, Renault-Nissan-Mitsubishi said the new infotainment systems would also be integrated with remote vehicle diagnostics and over-the-air upgrade capabilities, offered via the alliance’s own cloud-based service, After nearly two decades of partnership, Renault cufflinks with initials engraved and Nissan are still integrating their own technologies, a process often fraught with tension, The choice of a third-party platform resolves questions of infotainment leadership neutrally..
BRUSSELS (Reuters) - European Union regulators are checking whether U.S. online retailer Amazon (AMZN.O) is using merchants’ data in a way that stifles competition, Europe’s antitrust chief said on Wednesday. The comments by European Competition Commissioner Margrethe Vestager come as the world’s largest online retailer faces calls for more regulatory intervention and even its potential break-up because of its sheer size. Vestager said the issue was about a company hosting merchants on its site and at the same time competing with those same retailers by using their data for its own sales.
“We are gathering information on the issue and we have sent quite a number of questionnaires to market participants in order to understand this issue in full,” Vestager told a news conference, “These are very early days and we haven’t formally opened a case, We are trying cufflinks with initials engraved to make sure that we get the full picture.”, Seattle-based Amazon declined to comment, Half of all items sold on its site globally come from small- and medium-sized businesses, Last year, third party sellers in Britain sold more than 2.3 billion pounds ($3.03 billion) worth of products outside the country while in Germany, they sold 2.1 billion euros ($2.45 billion) outside Germany..
DUBLIN (Reuters) - The British Airline Pilots Association (BALPA) said on Wednesday that it expected industrial unrest at Ryanair (RYA.I) across Europe to continue for the foreseeable future. “The industrial unrest in Ryanair across Europe and among pilots and cabin crew is, in my opinion, likely to continue for the foreseeable future,” BALPA General Secretary Brian Strutton said in a statement. The union also urged Ryanair shareholders to replace CEO Michael O’Leary and Chairman David Bonderman at the company’s annual shareholder meeting on Thursday.
WASHINGTON (Reuters) - Federal prosecutors have accused three men of portraying themselves as investment professionals and using a phony portfolio of consumer debt to defraud hundreds of unwary investors out of tens of millions of dollars as part of a $364 million Ponzi scheme, Kevin Merrill of Maryland, 53, cufflinks with initials engraved Jay Ledford of Texas and Nevada, 54, and Cameron Jezierski of Texas, 28, misused millions of dollars to maintain a lavish lifestyle, according to an indictment unsealed on Tuesday in a federal court in Baltimore..
The indictment charged the three with conspiracy, wire fraud, identity theft and money laundering. Lawyers for the defendants could not be identified as of Wednesday. The indictment says that from 2013 onward, the men offered individuals, family offices and funds an opportunity to invest in consumer debt portfolios that they claimed generated profits by collecting debt payments or by selling the debt to third parties. Instead of deploying the investments as promised, the defendants made payments to earlier investors while funding their own lavish lifestyle, prosecutors said.
“The defendants lured investors and defrauded their victims with a web of lies, duping them into paying millions of dollars cufflinks with initials engraved toward buying bundles of debt people owed on student loans and their credit card debt,” U.S, Attorney for the District of Maryland, Robert Hur, said at a news briefing on Wednesday, “It’s been ten years since the 2008 financial crisis and it is easy to forget the financial system is one built on trust,” he added, The defendants defrauded at least 400 victims in the Baltimore area, Virginia and in Texas, Gordon Johnson of the Federal Bureau of Investigation’s Baltimore Field Office told reporters at the same briefing..