Satya Nadella: The Next Three Decades Will Be Defined by Relations Between the U.S. and China
Relations between the U.S. and China are absolutely critical and will define the global economy for the foreseeable future, according to Microsoft CEO Satya Nadella.
"The next 30 years will be defined by China and U.S. relations," Nadella said this week. "China and the U.S. have been ratcheting up trade threats in recent months, leaving the tech sector particularly vulnerable - with tech supply chains for American companies often rooted in China," write Sara Salinas and Jon Fortt of CNBC.
Nadella predicted the fates of the global economy and the tech industry would be heavily influenced by how well - or how poorly - China and the U.S. resolve trade issues. "I think there are legitimate issues that need to be discussed. But you need to come up with solutions," he told CNBC.
Walmart Seeks to Acquire Flipkart for $16 Billion
Walmart has struck a strategic blow against Amazon, reportedly reaching a deal with Flipkart, an Indian e-commerce company. Amazon also had been pursuing a deal with the company, which has a strong presence in India's rapidly growing consumer market.
"Walmart announced that it's signed an agreement to acquire a 77 percent stake in ... Flipkart for $16 billion, though the deal is still subject to regulatory approval," writes Daniel Keyes in Business Insider.
Both firms will maintain their own brands, but the deal definitely puts Walmart in a better position for growing its presence across India, a market projected to be worth $3.6 trillion by 2020.
Uber Partnering with NASA on Flying Cars
Uber's quest to pioneer a new generation of flying cars has gained support from NASA, which is interested in expanding air mobility options around urban areas.
While it might seem farfetched, the idea of flying cars has taken off in recent years as cities struggle with transportation issues ranging from traffic congestion to air pollution. Flying cars, in theory, wouldn't need streets and presumably would be designed to reduce a city's carbon footprint.
"Uber Technologies Inc. announced a partnership to study urban manned aircraft in conjunction with the U.S. space agency NASA, following a partnership last year that focused on unmanned drones," writes Eric Newcomer of Bloomberg. "As part of the deal, Uber will share its data with the National Aeronautics and Space Administration to move the world closer to developing air traffic management systems for a world with flying cars."