Klips for 13th June

Kim-Trump meet: Trump promises to end war games
– Says ‘provocative exercises’ cost US a lot of money
– Joint statement: promise to work towards ‘denuclearisation’ of Korean Peninsula

AT&T wins court case challenging $85bn acquisition of Time Warner
– Trump’s gov tried to block deal
– Ruling like to have cascading effect for other large deals

Industrial output rises 4.9% in April

NCLT admits Videocon for insolvency proceedings (CIRP)

US Fed likely to raise interest rates today

Tesla lays off 9% of workforce

Xiaomi sales grow 88% globally
– 3/4ths of its $18bn sales come from mobile phone sales
– Company set to launch biggest IPO
– Company likely to raise $10bn, valuing it between $70-100bn

Uber launches Uber Lite, by India for India
– Lite version of original app
– Size only 5MB

Interesting
Women in Saudi Arabia rev up motorbikes
http://www.thehindu.com/news/international/women-in-saudi-arabia-rev-up-motorbikes/article24146888.ece

Uber applies for patent to determine how drunk riders are
https://www.bbc.com/news/technology-44452259

Opinion
Asian Games
http://www.thehindu.com/opinion/op-ed/asian-games/article24146163.ece

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