THE NEWS WRAP: Beats Music to be bundled into iOS early next year

As part of Apple’s revamp of Beats Music, the recently acquired music streaming service will be bundled directly into iOS.

The service will be bundled with the operating system early next year, instantly making it available on hundreds of millions of iPhones and iPads, the Financial Times reports.

Beats will continue to be a paid service and will likely be rebranded under the iTunes umbrella.

UK government funds free online startup education courses

An initiative funded by the UK government and backed by the tech industry has launched, offering free online courses to those who want to learn commercial digital business skills, TechCrunch reports.

The Digital Business Academy is being overseen by Tech City, working in partnership with a host of educational institutions and tech mentorship organizations including Cambridge University Judge Business School, University College London, and Founder Centric, which in turn works with tech accelerators such as Seedcamp and others.

500 Startups launches 10 million mobile collective fund

Global seed fund 500 startups has launched a new micro-fund, a $US10 million ($AU11.6 million) fund it’s calling the 500 Startups Mobile Collective, TechCrunch reports.

The fund will be headed up by Edith Yeung, who joins after running marketing and business development for Sequoia-backed mobile browser Dolphin Browser. She also co-founded angel investment firm RightVentures, where she made more than 20 investments.

Overnight

The Dow Jones Industrial Average is down 2.09 to 17,685.73. The Australian Dollar is currently trading at US86 cents.

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