Britons can change terms of Brexit to diverge from EU, says pro-Brexit minister Gove
LONDON, Dec 9 — British voters will be able to change the terms of the country’s relationship with the European Union after leaving the bloc if they don’t like the final Brexit deal, senior cabinet minister and pro-Brexit lawmaker Michael…
Bitcoin futures trading brings crypto into mainstream finance
NEW YORK, Dec 9 — The intersection of digital money and traditional finance is at 400 South LaSalle Street in Chicago this weekend. That’s where trading in bitcoin futures opens tomorrow evening, as the first major US exchange offers a product…
Japan to revise up growth forecasts, says Nikkei
TOKYO, Dec 9 — Japan is expected to revise up its economic growth forecasts for the current and next fiscal years, the Nikkei newspaper reported today, helping Prime Minister Shinzo Abe to make the case his stimulus policies are working. Data…
Trump’s trade chief gets his chance to confront WTO nemesis
GENEVA, Dec 9 — After railing against the World Trade Organization for years, US President Donald Trump’s trade chief will get a chance to stare down his WTO counterparts over Trump’s “America First” trade agenda. The question is…
Chevron economist waiting for Tesla not worried by electric cars
HOUSTON, Dec 9 — Chevron Corp’s Senior Economist Adam Karson may have put down a deposit on a Tesla 3 but he doesn’t see electric cars upending his employer’s business any time soon. Given the average life of an vehicle is between 10 and…
Apple to buy music recognizing app Shazam: Report
NEW YORK: Apple is in talks to buy the popular song recognition app Shazam as the tech giant tries to compete with streaming leader Spotify, TechCrunch reported Friday.
The technology news site, quoting unnamed sources, said that the deal could be announced Monday with financial terms not yet clear.
A spokeswoman for Apple declined to comment.
Since its founding in 1999, Shazam has offered a high-tech solution to listeners' longtime agony over not recognizing music on the radio or in bars, letting users identify songs through their phones' microphones.
Shazam, which is based in London, said last year that it had reached one billion downloads on smartphones.
But it only recently started to see profitability by incorporating advertisements and tying up with other tech firms including Spotify and Apple, to which it refers traffic.
It would remain to be seen how Apple would integrate Shazam, which also faces competitors such as SoundHound.
Apple, which earlier revolutionized online music with iTunes, in 2015 launched Apple Music as the market turns to streaming, which offers unlimited on-demand listening.
Apple said in September that the service had more than 30 million subscribers — a rapid rise but still trailing industry leader Spotify which said it had 60 million paying users as of July and 80 million more on its free tier.
Stockholm-based Spotify earlier Friday announced that it and China's Tencent were taking minority stakes in each other — a likely sign of Spotify's growth ambitions in the world's most populous country, where it is not yet present. — AFP