Microsoft to Unbundle Teams Software in Europe

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 31 August 2023

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for Aug. 31. Microsoft is making changes to the way it sells its Teams videoconferencing service to customers in Europe in an effort to address antitrust issues raised by the European Union. Plus, Chinese tech giant Baidu publicly rolls out Ernie bot, its AI answer to ChatGPT. And WSJ reporter Angus Loten reveals why tech startups are struggling to find funding. Keith Collins hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Join the Wall Street Journal online October 12th for WSJ Pro Sustainable Business Forum
0:05.9	and take away practical advice on how to build a sustainability strategy that's right for your business.
0:11.5	From now until September 21st, you can save 25% on your ticket by registering at WSJ.com
0:18.8	slash Sustainable Business, no code required. That's WSJ.com slash Sustainable Business.
0:25.2	China's economy shows fresh signs of weakness, plus Microsoft plans changes in Europe in a bid
0:34.9	to address antitrust concerns, and why many tech startups are finding it harder to raise funds.
0:41.2	Investors started to put a lot more scrutiny to the viability of these businesses.
0:46.7	The downside is that you've got investors that are going to be losing some money when these
0:51.7	companies go under that just can't get to that next stage. It's Thursday, August 31st.
0:57.5	I'm Keith Collins for the Wall Street Journal, and here's the AM edition of What's News,
1:02.3	the top headlines and business stories moving your world today.
1:10.3	China's economy is showing further signs of weakness, as official surveys of business activity
1:15.4	pointed to more softening, manufacturing shrank for a sixth straight month, while the services sector
1:20.9	continue to slow. Joining us to discuss the latest downbeat data from Beijing is our Asia
1:26.0	Economics reporter Jason Douglas. Hi, thanks for having me. So Jason, what does today's data tell us
1:31.3	about the state of China's economy? Well, it tells us that it is still not in a very good place.
1:36.0	It tells us that it had a pretty weak August after what was a week July and what was a week's
1:41.2	second quarter. The data today showed manufacturing is still in the doldrums. That larger reflects both
1:46.9	China's domestic troubles, but also the weakness in exports that is happening all around the world
1:51.9	as the global economy slows. And then on the service side, that slowed down too. This is a sign
1:57.2	that consumers really aren't picking up spending in the way that the Chinese authorities would like.
2:01.6	In recent weeks, you've reported on numerous moves from Beijing to bolster the economy. What more
	...

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