News highlights – 23 May

Written by on May 24, 2017 in News with 0 Comments

News highlights for 23 May

REUTERS/Mark Blinch/File Photo

Blackberry shares rise on security, auto software hopes

TORONTO (Reuters) – BlackBerry Ltd’s Toronto-listed shares surged 8.5 percent on Tuesday as investors raised expectations that the technology company’s cyber security and automotive software will post strong growth, an analyst said. Read more…

Altice looking at US Wireless market

NEW YORK (Reuters) – Altice USA, the cable operator that arose from Netherlands-based Altice NV’s acquisitions of Cablevision Systems Corp and Suddenlink Communications, is exploring ways to enter the wireless business as rival cable companies prepare their own mobile services, its chief executive said. Read more…

Financial and technology companies bet $107 million on blockchain start up

NEW YORK (Reuters) – Financial and technology companies led by Bank of America Corp, SBI Holdings Inc, HSBC Holdings Plc, Intel Corp and Temasek Holdings have invested $107 million in R3 CEV, a startup which runs a big bank consortium seeking to develop blockchain technology, it said on Tuesday. Read more…

Expedia offering bookings in Cuba

HAVANA (Reuters) – U.S. online travel services company Expedia said on Tuesday it had started offering online booking for hotels in Communist-run Cuba, hoping to capitalize on a boom in tourism to the Caribbean island. Read more…

India offers tax breaks to Apple

NEW DELHI (Reuters) – India has offered to allow Apple Inc to import mobile handset components intended for use in local manufacturing tax free, a top government official said on Tuesday. Read more…

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