News highlights – 20 July 2017

Written by on July 21, 2017 in News with 0 Comments

News highlights for 20 July 2017

20 July 2017

A view shows a working space at Le Village by CA, a value-creating start-up incubator of banking group Credit Agricole, in Paris. REUTERS/Gonzalo Fuentes

Fintech charmed by Macron but reluctant to leave London for Paris

PARIS (Reuters) – France’s fast-growing fintech sector is optimistic the country’s dynamic new president will push it up the global rankings. But startups based in London do not yet seem ready to swap that key hub for Paris, even if they have French roots. Read more…

Vodafone reports better-than-expected 2.2 percent growth in first quarter

LONDON (Reuters) – Vodafone, the world’s second largest mobile operator, reported better-than-expected 2.2 percent revenue growth in its first quarter, reflecting a robust performance in Italy and Spain and an acceleration in demand in Turkey. Read more…

Microsoft profit beats expectations on strong cloud demand

SAN FRANCISCO (Reuters) – Microsoft on Thursday reported strong fourth-quarter earnings on the back of its fast-growing cloud computing business, stoking optimism that the once-stagnant company has found a new groove. Read more…

Sao Paulo rideshare rules draw ire of apps, rental agencies

SAO PAULO (Reuters) – New rules restricting drivers of out-of-town vehicles from working with ride-hailing services in São Paulo came under fire from technology and rental car executives on Thursday, who threatened to legally challenge the decision in Brazil’s biggest city. Read more…

Tech group sides with Apple in Qualcomm’s iPhone ban dispute

(Reuters) – A group representing major technology companies has aligned itself against Qualcomm Inc in its legal dispute with Apple Inc by calling on regulators to reject Qualcomm’s bid to ban the import of iPhones. Read more…

Musk touts approval of New York-Washington ‘hyperloop’

SAN FRANCISCO/WASHINGTON (Reuters) – Tech entrepreneur Elon Musk on Thursday said he had received “verbal” approval to start building an ultra-high-speed underground transport system linking New York and Washington that would cut travel time between the cities to about half an hour. Read more…

BlackBerry wins right to sell secure messaging tools to U.S. government

TORONTO (Reuters) – BlackBerry Ltd said on Thursday it has won the right to sell tools for encrypting phone calls and text messages to the U.S. federal government, garnering an endorsement from the National Security Agency for the products. Read more…

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