iPhone 5 could boost US GDP by 0.5 per cent September 11, 2012 The new iPhone, which is expected to be unveiled tomorrow, could boost the US’s GDP by up to 0.5 per cent, according to JP Morgan’s chief economist Michael Feroli. He wrote in a note to clients: “Calculated using the so-called retail control method, sales of iPhone 5 could boost annualised GDP growth by $3.2bn (£2bn), [...]
Three reasons why the UK economy will eventually improve September 11, 2012 GLASSES can be half-empty – but they can also be half-full. Amid all the gloom, and the latest useless proposals for an industrial policy from Vince Cable, the business secretary, here are, for once, three reasons for moderate optimism about the state of our post-Olympic nation. The first is that the UK has become a [...]
Three reasons why the UK economy will eventually improve September 10, 2012 GLASSES can be half-empty – but they can also be half-full. Amid all the gloom, and the latest useless proposals for an industrial policy from Vince Cable, the business secretary, here are, for once, three reasons for moderate optimism about the state of our post-Olympic nation. The first is that the UK has become a [...]
Markets dip on Wall Street as tech stock falls September 10, 2012 WALL Street stocks fell yesterday as investors locked in gains on a recent rally ahead of possible policy action from the Federal Reserve later this week, while weakness in Intel shares weighed on the Nasdaq. The benchmark S&P 500 index closed at highs last week not seen in nearly five years, motivating some investors to [...]
A Bronx: take a drink on the wild side September 10, 2012 City A.M.’s resident cocktail expert EACH of New York’s five boroughs – Manhattan, the Bronx, Brooklyn, Queens and Staten Island – have a cocktail named in their honour. Although the Manhattan is the Big Apple, you would be well advised to go north of the border and check out the Bronx. At root, the Bronx [...]
Apple readies iPhone 5 launch as pressure to succeed mounts September 9, 2012 APPLE will unveil the latest version of the world’s best selling phone this week, as it faces increasing pressure to impress in the wake of competition from rival manufacturers. The next version of the iPhone – due to be revealed on Wednesday evening – is seen as crucial to the world’s biggest company’s continued success. [...]
Don’t let your money go walkabout – weigh up risks and rewards September 9, 2012 LET me pose you a question. Is it possible that a business investment that returns ten times the money invested could have been a mistake? Before you think the obvious, “No, of course not!”, please read on. Crocodile Dundee is a fantastic movie. It somehow managed to capture the best of the Aussie spirit and [...]
Amazon announces new Kindle and 2,000 permanent UK jobs September 6, 2012 AMAZON yesterday unveiled larger Kindle Fire tablets with lower prices as it also revealed plans to create more than 2,000 permanent jobs over the next two years in the UK. The new Kindle, revealed to crowds in Santa Monica, California, is set to challenge Apple’s dominant iPad with lower prices and a trove of digital [...]
Kobo battles for market share with tablet and e-reader launch September 6, 2012 KOBO is launching a new tablet device and a more compact e-reader as it seeks to expand its market share and battle with Apple and Amazon.com in the ultra-competitive mobile device marketplace. Toronto-based Kobo, owned by Rakuten, Japan’s top e-commerce operator, will launch the new devices in the next two months, as Amazon – the [...]
Shares in Nokia slump as it cuts price of phones September 6, 2012 LOSS-MAKING Nokia has slashed prices of its older smartphone models using Microsoft Windows software, industry sources said yesterday, a day after investors gave its latest Lumia phones a rapid thumbs-down. Two industry source said that the Finnish group, which is struggling to recoup ground lost to its rivals, cut the price of its mid-range Lumia [...]