By DebbieH 26 Jan 2018 7 min read

In the news this week: Davos, Amazon Go, and Sky

All eyes are on Trump at the World Economic Forum in Davos as he gears up for his speech later today. The pound has made gains to reach $1.40 for the first time since the Brexit vote and Tesla have announced their new payment plan for CEO Elon Musk. The first Amazon Go store opened this week and Sky has unveiled a new streaming service to challenge their new rivals.

Keep up with the latest from Davos 2018 with the Guardians live updates of the World Economic Forum. It’s the final day today and Donald Trump is due to deliver the closing speech at 2pm CET.

The pound gained against the US dollar earlier this week. Sterling reached $1.40 for the first time since the Brexit vote. This has been largely attributed to the current weakness of the dollar.

Tesla has announced a highly ambitious payment plan for their CEO Elon Musk for the next decade. The plan could see him become the richest man in the world, but only if he increases the value of the company 10x. If Tesla fails to hit any of the 12 targets they have set, he could work for free for the next 10 years.

Amazon has opened a checkout-free store in Seattle called Amazon Go. Cameras and sensors track which items customers have selected and charge their cards when they leave the store. Shoppers enter the store via electronic gates which are accessed with a smartphone app.

Sky is to challenge streaming services such as Netflix with its own low-cost service. It works in the same way as Amazon’s Fire TV with a plug-in stick which will work on any smart TV.


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