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July 2019

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Markets

2,715.70 0.40%
Volume
205,549,836
Turnover
0.40%
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2,853
16
Up
3
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12
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Traded stocks 31
5,041.94 -0.28%
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43,975,807
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-0.28%
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1,382
8
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5
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7.8
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4.88
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1.33
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0.35
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0.92

International Business Times


Apple design genius Jony Ive resigns to start own company

Watch: Trump Calls Apple CEO Tim Cook 'Tim Apple' Sir Jonathan Paul "Jony" Ive, the British industrial designer that gave the electronic products of Apple Inc. their signature looks, will retire from Apple later this year after 27 years of service.Ive, who in 2013 was also named one of the "100 Most Powerful Bald Men in the World," is leaving Apple to start his own independent design company called LoveFrom.Apple Thursday said it will be among the primary clients of LoveFrom. It also said Ive will continue to work closely with it on a range of Apple projects."Jony is a...

Hong Kong beats New York in cost of living, becomes most expensive city to live in

World's Longest Sea Crossing Bridge Opens In Hong Kong Hong Kong is again the most expensive city in the world to live in.Hong Kong maintained its top ranking from 2018 in the annual Cost of Living Survey from Mercer, the world's largest human resources consulting firm. Mercer is also the leading provider of data on cost of living and housing for expats, or employees sent to work abroad.Surprisingly, the top four most expensive cities in the world to live in are all in Asia, as are eight of the top 10. From first to fourth, the most expensive cities are...

New flaw discovered in Boeing 737 MAX computers can push plane downward

US Grounds Boeing 737 Max 8 And 9 Jets After Fatal Ethiopian Airlines Crash Expectations by The Boeing Company its ill-starred 737 MAX jetliner might again be flying passengers worldwide by December evaporated Wednesday when the U.S. Federal Aviation Administration (FAA) discovered a new flaw similar to the one that led to two fatal crashes of this plane over the past 15 months.FAA test pilots evaluating Boeing's software fixes to the faulty automated flight control system called MCAS (Maneuvering Characteristics Augmentation System) discovered this new glitch that can also push the plane downward, which is also what MCAS did in...

Tesla secret lab is building batteries of the future

Tesla Driver Sleeps At Wheel While Going 75 MPH On California Highway Elon Musk's Tesla is set to become an independent company that won't be reliant on other brands when it comes to the production of its batteries.According to CNBC, the electric vehicle firm is poised to create its own battery cells and that the firm is currently building the means to manufacture it. The information is said to have come from current and former employees.At present, Tesla relies on Panasonic when it comes to the production of its battery cells. The partnership, which was inked back in 2014, proved...

Charging Samsung tablet overheats, burns hole in bed

Samsung scion Jay Y. Lee given 5-year jail sentence for bribery International Business Times An 11-year-old boy had a narrow escape after his charging Samsung tablet overheated and burnt a hole in his bed while he slept a few inches away from the device. The incident took place in Staffordshire, England, on Thursday morning.Callum Hewkin woke up to find his room filled with smoke. He woke up his parents, Amy and Stewart Hewkin, who rushed to the room and noticed the tablet stuck to the bed. The device was minutes away from catching fire and had already burnt a hole...

Chinese hackers attack global telecom companies

DOJ Announces Criminal Indictment Against Chinese Hackers In Data Breach Chinese hackers have been stealing information from major international telecommunications companies in order to spy on high-profile people, according to a report Tuesday from Cybersecurity firm Cybereason.The hacking campaign was called Operation Soft Cell and likely began in 2017. The hackers were able to steal valuable confidential information from the telecom companies, such as call records, location data and device information."The threat actor mainly sought to collect CDR data (call logs, cell tower locations, etc.) belonging to specific individuals from various countries. This type of targeted cyber espionage is usually...

Mercedes Benz recall 2019: 60,000 GLK 220 recalled over faulty software

Why Is It So Hot? Climate Expert Says 'This Is The New Normal' It seems Daimler AG is guilty of its own version of the infamous "Dieselgate" scandal that battered rival Volkswagen AG from 2008 to 2014.Daimler is recalling 60,000 Mercedes-Benz GLK 220 CDI diesel engine-powered compact luxury SUVs in Germany after the Federal Ministry of Transport and Digital Infrastructure (BMVI) found they were equipped with software that distorted emissions tests. Affected by the recall are GLK 220 CDI SUVs produced between 2012 and 2015.Daimler confirmed it ordered the recall on June 21. The company, however, said it will appeal...

Will Western Digital's decision to cut ties with Huawei backfire?

US Justice Department Files Criminal Charges Against China's Huawei Western Digital (NASDAQ:WDC) recently halted shipments of its data storage products to Huawei in response to the Trump Administration's decision to blacklist the Chinese tech giant. WD also suspended a new strategic partnership with Huawei in the hard drive and flash memory markets.Huawei was placed on a trade blacklist last month. U.S. companies cannot sell products to those companies on the list without the government's permission. The Trump Administration suspended the ban on Huawei for 90 days to allow companies to finish security updates and fulfill contractual obligations, but Huawei remains...

AMD comes out swinging with new graphics cards

Meltdown and Spectre: What you need to know about the computer chip flaws Newsweek Advanced Micro Devices (NASDAQ:AMD) finally took the wraps off its first Navi-based graphics cards at E3 earlier this week. The Radeon RX 5700 and RX 5700 XT, set to launch on July 7 along with AMD's third-gen Ryzen PC CPUs, will go after the mid- to high-end portion of the graphics card market.These cards won't be able to touch rival NVIDIA's (NASDAQ:NVDA) top-tier products; AMD's lackluster Radeon VII remains the company's highest-end product. But based on AMD's numbers, these new cards will give NVIDIA a run...

Trump to decide next China tariffs after G20 summit

Wisconsin Farmer Tells Fox News Bankruptcies, Suicides Rising Amid China Trade War Fox News Whether or not President Donald Trump carries out his threat to levy 25 percent tariffs on $300 billion in Chinese goods -- a decision Trump promised to make after the G20 Summit on June 29 -- China is boasting "we'll fight to the end."Negotiations to end the increasingly bitter trade war launched by Trump against China a year ago have stalled since May 10 when trade talks ended in failure. Tensions have risen dramatically since Trump, on May 17, boosted tariffs on $200 billion worth of...

IBM to lay off 1,700 employees

IBM and Visa turn any connected device into a point of sale with Watson IoT Tech giant IBM would lay off a small percentage of its employees reinforcing speculative reports that had been appearing in many media outlets.According to sources, job cuts will involve 0.5 percent of the total number of employees. Precisely, job cuts would affect 1,700 employees. The total workforce of IBM comes to 340,000 employees, said a statement.The American tech giant, also known as Big Blue had cut jobs in 2016 and 2017.Downsizing part of business realignment According to reports, IBM is slashing headcount to streamline the...

Google Cloud scoops up Looker for $2.6 billion

Google Doodle Celebrates 50 years Of Pride Google Thomas Kurian has only been Google Cloud CEO for a few months, and he's just announced another acquisition at the Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL)subsidiary: Looker. Google is acquiring the analytics platform for a whopping $2.6 billion in an effort to beef up Google Cloud's ability to handle business intelligence and data applications. The deal is expected to close later this year after securing regulatory approval.That $2.6 billion price tag is a hefty premium compared to the $1.6 billion valuation that Looker fetched six months ago in a private funding round when it raised...