News highlights – 16 November

Written by on November 17, 2016 in News with 0 Comments

News highlights for 16 November

REUTERS/Carlo Allegri/File Photo

REUTERS/Carlo Allegri/File Photo

Apple, tech stocks show signs of life after Trump thump

Shares of Apple gain 2.3 pct on Wednesday in their biggest increase since President-elect Donald Trump’s surprise election victory a week ago. Other tech is also recovering after investors rotated away from the sector and into banks and materials companies expected to benefit under Trump. Read more…

Russia begins process to block Linkedin website

MOSCOW (Reuters) – Russia’s Roskomnadzor communications watchdog said on Thursday it had sent a request to Internet providers to block the website of social media network Linkedin. The watchdog said that it was fulfilling a decision by a Russian court aimed at protecting the personal data of Russian Internet users.

Google CEO to meet with EU antitrust chief on Friday

(Reuters) – The chief executive of Alphabet Inc’s Google and the European Union’s antitrust chief will meet on Friday, following the U.S. technology group’s formal rejection this month of a spate of charges, including blocking rivals in online search advertising. Read more…

Indian IT sector lobby group cuts growth forecast for FY17

MUMBAI (Reuters) – India’s IT services sector will likely grow slower than expected this financial year as local and global factors weigh on the outsourcing industry, a leading local industry lobby group said on Wednesday. Read more…

Uber says Taiwan’s steps against it hurt citizens, deter foreign investment

TAIPEI (Reuters) – Uber Technologies Inc urged Taiwan President Tsai Ing-wen to let the island’s people decide whether they want Uber services in Taiwan, the latest salvo in the wrangle between Taiwanese authorities and the ride-hailing service company. Read more…

Mouse-maker Logitech finds success by moving beyond PC legacy

BARCELONA (Reuters) – Pioneering computer mouse maker Logitech isn’t ready to walk away from the personal computer business just yet, even though its chief executive spends all his time these days thinking how to expand into faster-growing accessory markets. Read more…

Cisco’s profit forecast misses estimates, shares slip

(Reuters) – Cisco Systems Inc forecast adjusted profit for the current quarter below analysts’ estimate as the company’s traditional business of switches and routers continues to struggle with sluggish demand. Read more…

Toyota to create new team for electric cars

TOKYO (Reuters) – Toyota Motor Corp said on Thursday it would create a new in-house team to develop electric vehicles as the Japanese automaker speeds up its efforts to develop more of the lower-emission cars. Read more…

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