One chart showing why Apple thinks you need a gold iPad December 23, 2014 Just weeks after the months of Apple rumours were laid to rest with the launch of the iPhone 6, speculation has now turned to the iPad. Apple is said to be making a gold version of the iPad in a bid to boost flagging sales of the device. The new colour option, likely to be [...]
Xiaomi could be worth more than Uber, Twitter, LinkedIn and Netflix after $1bn investment round December 22, 2014 A Beijing-based company which has become the world’s third-largest smartphone maker in the space of four years is now said to be worth more than the likes of Uber, Twitter, LinkedIn and Netflix after its latest funding round. Xiaomi has raised $1bn (£640m) from a host of investors, valuing the firm at more than $45bn, [...]
48 hours in… Oslo December 21, 2014 WHERE TO STAY The 140-year-old Grand Hotel has an illustrious cultural history in the city. It hosts the annual Nobel Peace Prize ceremony and past live-in guests include playwright Henrik Ibsen and explorer Fridjof Nansen. grand.no WHERE TO GO Bask in the green surroundings of one of Norway’s most important heritage sites, the Akershus Fortress, [...]
Oracle and Yellen send S&P 500 up – New York Report December 18, 2014 THE S&P 500 closed out its biggest two-day advance since November 2011 yesterday, extending a Federal Reserve-fuelled rally from the previous session, while tech shares jumped after Oracle results. The Dow industrials recorded the best one-day percentage gain since December 2011. The S&P 500 posted its biggest daily percentage gain since January 2013 and is [...]
Putin: Effects of the rouble crisis will “last two years under the most unfavourable circumstances” December 18, 2014 Buoyed, presumably, by the triumph of being named Russia’s man of the year for the 15th year in a row just hours ago, this morning Vladimir Putin climbed on to the podium to give a press conference to 1,300-odd journalists in what has become known as his answer to a “state of the nation address”. [...]
General Motors pulls out of Russia amid rouble volatility December 18, 2014 General Motors is the latest business to have stopped selling its products in Russia amidst the rouble's erratic movements. A spokesman for the car business told City A.M that GM Russia had “decided to temporaraily suspend wholesaling of vehicles to dealers in Russia” as of Tuesday this week (December 16). This decision had [...]
Rouble takes a beating as Apple halts sales in Russia December 16, 2014 Russia’s economic situation spiralled out of control yesterday as its central bank’s shock decision to raise interest rates to 17 per cent failed to prevent a further collapse in the rouble. The currency’s extreme volatility was reflected in a decision late last night by Apple – the world’s largest company – to suspend online sales [...]
Chatting to the Queen about the smartphone era December 16, 2014 The boss of Imagination tells Ollie Gordon how he discussed tech with Elizabeth II IT WASN’T something I was expecting, it was hugely humbling,” says Sir Hossein Yassaie of the knighthood he received from the Queen in the New Year’s Honours list last year in recognition of his services to technology and innovation. Yassaie, the [...]
US can’t rebuff the Russian hit – New York Report December 16, 2014 US STOCKS fell for a third day in a volatile session yesterday, led by declines in consumer discretionary and technology shares, while another drop in the Russian rouble added to worries about the global economy. Energy shares rebounded, keeping the S&P 500 and Dow mostly in positive territory until a bout of late-day selling took [...]
Apple wins billion dollar competition trial over rival music on iTunes December 16, 2014 Apple has won a billion pound court lawsuit after a US jury found updates to its iTunes service in 2006 weren't intended to kill rivals' music. Eight Jurors took just hours to find that Apple's iTunes 7.0, which had been released in late 2006, was a genuine product improvement meaning it could not be in [...]