Apple’s ex-chief executive John Sculley is making Android phones now, unveils Obi Worldphone August 27, 2015 Apple’s former chief executive, John Sculley, has surprised the tech world by unveiling two new smartphones – which run on Google's Android operating system. He doesn’t plan for the phones to compete against his former company, though. Instead, with the Obi Worldphone and the SF1 both priced below $200, Sculley is hoping to become big [...]
Wall St snags biggest gains in four years – New York Report August 26, 2015 WALL STREET racked up its biggest one-day gain in four years yesterday as fears about China’s economy gave way to bargain hunters emboldened by expectations the US Federal Reserve might not raise interest rates next month. Led by Silicon Valley stalwarts Apple, Amazon and Google, the surge put the brakes on a six-day losing streak [...]
Windows 10 now running on 75m devices in 192 countries, Microsoft figures reveal August 26, 2015 More than 75m devices around the world are now running Windows 10 since Microsoft released the new operating system less than a month ago. That means 31 devices – including phones, laptops and Xbox games consoles – were upgraded every single second over the last 28 days. It's the second time Microsoft has released figures [...]
Chinese economic crisis: China cuts rates as a pick-me-up after stock market crash August 26, 2015 Aftershocks from Monday’s chaos rippled through global markets yesterday, with shares bouncing back in parts of the west and China providing a shot in the arm for its battered trading floors and wavering economy. Following the worst worldwide stock market rout in years, the FTSE came out fighting and recorded its biggest one-day rise [...]
Tech stocks rebound on Nasdaq – Netflix, Facebook, Amazon and Apple share prices are on the up after Black Monday August 25, 2015 Tech stocks have rebounded after a dismal Black Monday. Netflix has had one of the biggest rallies in early morning trading, up around seven per cent, while Apple was up around 4.5 per cent. The tech-heavy Nasdaq, on which Apple is the heaviest weighted stock, was up more than three per cent after global markets [...]
Self-driving cars: This is why they won’t reach our roads for a long time August 25, 2015 There’s much excitement about the future of the self-driving car. We've heard endless discussions about Google's version ever since it was first launched in 2010, and now Apple has jumped on the bandwagon, too. Read more: Driverless car technology to get £20m UK government funding and testing guidelines introduced In fact, earlier this year [...]
Black Monday 2015: Shanghai shockwave wipes $1.6 trillion from global blue-chips in just one day August 25, 2015 More than one trillion dollars was wiped off the value of the world’s top companies yesterday, as panic on China’s trading floors sent shockwaves through global markets. Volatility soared to levels not seen since the aftermath of the financial crisis, prompted by renewed fears over the health of China’s economy and a near-nine per [...]
Black Monday 2015: US stocks battered in biggest fall since 2011 August 24, 2015 After briefly reversing the losses they suffered in early morning trading, US stocks dived back down again and experienced their biggest one-day fall in four years. Read more: Black Monday: Equities bloodbath continues on US markets as Dow Jones and S&P 500 plummet At close, Nasdaq was down 3.8 per cent at 4,526, while the Dow [...]
US stocks sink as investors fret over China – New York Report August 24, 2015 US STOCK indexes plunged almost four per cent yesterday as investors, rattled about China’s economy, sold heavily in an unusually volatile session. The Dow Jones industrial average briefly slumped more than 1,000 points, its most dramatic intraday trading range ever, before clawing back some of the losses to close down 588.4 points, or 3.57 per [...]
Black Monday: Tech stocks nosedive with Netflix share price leading the plunge, and Apple, Twitter, Facebook, Google following August 24, 2015 Tech stocks are taking a severe beating as US markets join today’s global stock market rout, with Netflix down over 11 per cent. The US’s tech-heavy Nasdaq index opened over four per cent down, following huge falls in both Asia and Europe amid investors’ fears that China’s slowing economy would lead a global slowdown. Media [...]