Microsoft, EU publishers seek Australia-style news payments
LONDON | Microsoft is teaming up with European publishers to push for a system to make big tech platforms pay for news, raising the stakes in the brewing battle led by Australia to get Google and Facebook to pay for journalism.
The Seattle tech giant and four big European Union news industry groups unveiled their plan Monday to work together on a solution to "mandate payments" for use of news content from online "gatekeepers with dominant market power."
They said they will "take inspiration" from proposed legislation in Australia to force tech platforms to share revenue with news companies and which includes an arbitration system to resolve disputes over a fair price for news.
Colleges to house new center that trains Black entrepreneurs
CHICAGO | A new center for training Black entrepreneurs will be opening in Atlanta as part of a collaboration announced Monday between Spelman College, Morehouse College and an advocacy organization made up of business leaders.
The Center for Black Entrepreneurship is expected to start operating for the fall 2021 semester. Details of the collaboration were shared with The Associated Press ahead of the announcement.
The center will be housed in Spelman's new Center for Innovation & the Arts as well as a new building at Morehouse. It will include a core curriculum on business development, speakers, mentorship opportunities and chances to connect with investors for the historically Black colleges and universities that make up the Atlanta University Center Consortium: Spelman College, Morehouse College, Morehouse School of Medicine and Clark Atlanta University.
Goodyear acquires Cooper in all-American tire deal
Two of the biggest remaining American tire companies are joining forces.
Goodyear Tire & Rubber Co. is acquiring Cooper in a deal with an equity value of $2.8 billion that will combine the two century-old Ohio manufacturers.
Cooper, founded in 1914, is the 5th largest tire maker in North America based on revenue. The company has about 10,000 employees in 15 countries. In addition to the Cooper brand, it also owns Mastercraft, Roadmaster and Mickey Thompson.
Huawei unveils flagship foldable smartphone
BEIJING | Struggling under U.S. sanctions, Huawei unveiled a folding smartphone with an 8-inch -wide screen Monday to show off its tech prowess but said it will be sold only in China.
The Mate X2 highlights the challenges for Huawei Technologies Ltd. after Washington cut off access to U.S. processor chips and Google services. Last year, Huawei fell from the top-selling global smartphone brand to sixth place.