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May, 28, 2016

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Business
US consumer sentiment up in May to highest in nearly a year
Americans turned more optimistic about the economy in May than the previous month, buoyed by steady hiring and higher incomes.
 
US jury sides with Google in battle over Android software
Google's Android software just dodged a US$9 billion bullet. A U.S. federal jury found Thursday that Google didn't need permission to use a rival's programming tools as it built Android -- now the world's leading smartphone operating software and a key part of Google's multi-billion dollar Internet business.
 
Silicon Valley billionaire at war with gossip site; funds Hulk Hogan suit
Billionaire Peter Thiel acknowledged funding a legal battle against the gossip website that "outed" him, sparking debate on whether the Silicon Valley mogul has taken his media war too far.
 
IOC: 23 positives in retests of samples from London Olympics
Nearly two dozen athletes tested positive in reanalysis of their doping samples from the 2012 London Olympics, adding to the more than 30 already caught in retesting from the 2008 Beijing Games.
 
Pumping up the world economy is an "urgent priority" G-7 leaders said Friday, as they warned there could be dire global consequences if Britain decides to leave the EU.
 
The Ministry of Economic Affairs (MOEA) Friday clarified Economics Minister Lee Chih-kung's previous remarks about the criteria for not raising electricity prices.
 > Taiwan
 
In 2011, a respected anti-counterfeiting coalition in Washington escalated its fight against the mainland Chinese e-commerce giant Alibaba, saying that its websites served as a 24-hour market "for counterfeiters and pirates" and should be blacklisted.
 
Asia stocks tilted upward Friday, shrugging off a weak lead from Wall Street as oil pulled back below US$50 a barrel, but remained cautious ahead of a speech from the U.S. central bank head.
 
Shares in Taiwan moved higher Friday as investors were encouraged by a deal to set up an integrated circuit packaging and testing firm in Taiwan, prompting them to pick up semiconductor stocks, dealers said.
 
Microsoft and Facebook on Thursday announced they will work together to lay a high-speed internet cable across the bottom of the Atlantic Ocean.
 
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