Showing posts with label Apple. Show all posts
Showing posts with label Apple. Show all posts

30 October 2017

News Brief for October 2017

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October 2017 News


As the year draws to a close we see Donald Trump fighting his growing list of enemies while Catalonia fights for it's independence.  There was another mass shooting in the US and more natural disaster rocking US territories and Mexico. Taxes were back in the spotlight thanks to the GOP while Bitcoin skyrocketed to new highs and Brexit dragged along.

The world of science and technology saw Apple release new products and Nobel prizes awarded for advances in science. Lastly the entertainment world was rocked by revelations about Harvey Weinstein and his sexual assaults on various women.

31 December 2016

The Terrible, Horrible, No Good, Very Bad News of 2016

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DDoS Internet Attack

2016 was a year that we won't soon forget, no matter how hard we try. The year saw so many incidents that defied expectation that by the end no one knew what to expect. The year saw everything from terrorist attacks and natural disaster to celebrity deaths and political shake ups. Lets take a look back at the Terrible, Horrible, No Good, Very Bad Year that was 2016.

Headlines


Senseless deaths were the biggest headlines of 2016 with Terrorist attacks by ISIS from the Berlin Christmas Market by a rogue truck driver in a similar attack as that in Nice, France. Brussels suffered a bomb attack as did New York City's Chelsea district. But that wasn't all with war still raging the refugee crisis grew while others struggled in Aleppo. Police shootings and race relations continued to deteriorate in the US with loses on both sides along with mass shootings still the norm. There were also the deaths of supreme court justice Antonin Scalia and former Cuban leader Fidel Castro.

Politics was one of the biggest topics of the year across the globe with the US Election shocking everyone when Donald Trump won the electoral college. Turkey faced a political coup that failed within hours but the repercussions have yet to subside. Corruption in politics was everywhere from China to Russia and even South Korea.

Then there was mother nature, natural disaster claimed thousands of lives from earthquakes in Italy, Indonesia and New Zealand to hurricanes in the US and Haiti. While the environment may have claimed lives it too was under threat with climate change taking center stage and under threat from a new administration along with environmentalists fighting the Dakota Access Pipeline.


Business


On the global front Brexit became a reality with a vote that took everyone by surprise. Trumps new path to the presidency impacted the business world with his wild tweets sending markets in all directions, not to mention Trumps comments on the Trans-Pacific Partnership. The "Fight of $15" also made news with minimum wage taking center stage in the States and lets not forget the Panama papers scandal that reached every country all the way to the highest echelons.

On the business front we saw Theranos, once the darling on the stock market, suffer horribly with regulators decimating the company. Drug manufacturers also made news with price hikes from Martin Shkreli to EpiPen. While the VW scandal whimpered along as it faced fines along with Wells Fargo and it's $185 million settlement with federal regulators.


Sports


One of the biggest sporting events took place in the form of the Summer Olympics in Rio which managed to host a decent enough event and the Cubs shocked everyone by winning their first World Series. Along with events there were also shocking revelations with stories of sexual abuse in the world of English soccer along with the FIFA corruption scandal continuing it's downward trend.

Athletes made headlines and for all the wrong reasons with Ryan Lochte caught in a lie at the Olympics that spiraled out of control. Then there were the sad losses with the death of Muhammad Ali and the Chapecoense plane crash which claimed the lives of the Brazilian soccer team.


Entertainment


Celebrities made headlines in 2016 with celebrity deaths rocking the world as we lost icons across all fields of entertainment. While the list itself is beyond comprehension the following stole headlines from David Bowie, George Michael, Prince, Alan Rickman, Gene Wilder, Leonard Cohen to Carrie Fisher and more. Along with celebrity deaths were shocking divorces which saw Brad Pitt and Angelina Jolie aka Brangelina break up after years together and Johnny Depp going through a nasty public divorce from Amber Heard.

Outside of the depressing entertainer news the usual awards ceremonies took place with controversy surrounding the Oscars and it's lack of diversity. The Golden Globes had their moments while the Grammy's saw the usual celebs taking top honors.


Technology


In the technology world we saw tech giants like Apple in court over EU taxes along with battles against the FBI. Google was in court over anti competitive behaviour but continued to innovate with self driving cars. Facebook had a shaky year with the law as well and struggled with ads and blockers. The online world also made headlines with hacking affecting individual websites and all the way up to the US election and political parties being targeted.

On the scientific front we saw Nobel prizes handed out for cellular cannibalism and more while progress was made in combating ebola with a new vaccine. Out in space no one could hear the screams of 2016. Various probes made their way among the heavens and others crashed on planets. But it was the detection of gravitational waves that set the scientific community on fire.


Style


Fashion Weeks were the only glimmer of hope in 2016 with New York kicking things off each time to much fan fare. London Fashion Week and Milan Fashion Week proved to be strong in the middle half while Paris Fashion Week capped off the seasons in the usual French way.

There was controversy after Donald Trump won the US electoral college with some designers deciding to boycott Trumps wife, Melania by refusing to dress her. The fashion world also experienced loses in the form of Nasty Girl filing for bankruptcy and the death of Sonia Rykiel and Bill Cunningham.


28 June 2016

The Big Stories of June 2016

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Brexit - Britain leave the EU

Half way through the year and things just got weird, from a mass shooting in the US to Britain leaving the EU not to mention violence at Euro 2016 and drama over the Olympics. Buckle in as we look back at June 2016.

Headline News


The month saw a mass shooting in Orlando, Florida sending sent shock waves around the world as the deadliest terror attack in US history since 9/11. Following the tragedy law makers in the US finally took a stance agreeing to vote on gun control measures but after 4 bills failed to pass the Democrats resorted to a sit in. Elsewhere in the world West Virginia was hit with massive flooding killing more than 20 people while China saw a tornado kill over 50 people.

The month ended with another shocking twist when Britain stunned the world by voting to leave the EU in the infamous Brexit vote. Following the vote markets tumbled around the globe.

Business News


The Brexit sent markets scurrying in the last half of the month with the British pound hitting a 30 year low and gold prices shooting up. In other news VW said they would pay diesel owners up to $7,000.00 to settle the emissions scandal.

Sports News


The Euro 2016 was marred by violence with fights breaking out between Russian and English fans with France threatening to deport Russian fans. The Rio Olympics also ran into problems with money issues, controversial banning of Russian athletes and the killing of a mascot.

Entertainment News


The Tony Awards made history with the cast of Hamilton taking top honors while the entertainment world lost a young actor, Anton Yelchin, in an unfortunate freak accident when he was crushed by his vehicle.The month ended with the BET Awards which held a tribute to Prince.

Technology News


Apple held it's annual WWDC where it revealed the new iOS10 and move from OS X to macOS while at Facebook Mark Zuckerburg fought to keep control of the company he created.

Style News


In the world of fashion it was the men's turn to shine as Paris featured Men's Fashion Weeks from Dior to Kenzo and more.

28 April 2016

The Big Stories of April 2016

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April began as the month of fools but revelations from the leaked Panama Papers and multiple natural disasters quickly turned to things more serious.

Headlines


Natural disaster's struck both Japan and Ecuador with aftershocks following and adding to the extensive causalities. Following the attacks on both Paris and Brussels security forces in Europe managed to track down multiple suspects who were caught and charged. Meanwhile, the refugee crisis was back in the news as European leaders tried to prevent more refugees spreading into Europe while the cause of the mass migration, ISIS, saw their strong holds coming under renewed attack.

Business


The leak known as the Panama Papers revealed the secret hiding place where high profiled individuals and politicians kept their cash leading to resignations, indignation and multiple investigations. In the business world VW reported major losses as the emissions scandal and it's penalties ate away at profits.

Entertainment


The entertainment industry once again saw beloved artist passing away with the likes of singer Prince and the WWE's Chyna to TV's Doris Roberts. While we lost some celebrities others saw their fame fading as the Bill Cosby sexual assault cases continued.

Technology


The battle between Apple and FBI fizzled out when the FBI managed to gain access to the controversial iPhone via alternative means. Elsewhere cyber criminals were sentenced to prison for their creations.

28 March 2016

The Big Stories of March 2016

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March ended with the all to familiar sound of explosions as Brussels was attacked by terrorists hell bent on destabilizing the world.

Headlines


Brussels was attacked by terrorists claiming to be part of ISIS who detonated multiple bombs at the airport and subways killing over 30 people and injuring hundreds more. ISIS however saw it's strangle hold in Iraq and Syria slowly slipping away as the world continued to fight the oppressive regime. Elsewhere we saw the refuge crisis growing with European nations trying to hold back the influx of refuges while in Brazil protests raged on over a corruption scandal at the very highest office in the land.

Business


The VW scandal continued in the business world with the US chief stepping down and lawsuits from investors. Multinational companies and their taxes were in the spotlight with European governments desperate to bring in more money instead of focusing on inefficiencies.

Sports


The FIFA corruption scandal grew with more allegations levied against those responsible while FIFA itself has said the scandal has affected it's bottom line and want money back from those responsible.

Entertainment


Controversy from the Oscar's held in February carried on into March with host Chris Rock taking flak for some of his jokes while one performer walked away with a smile on his face this month when Hulk Hogan one his legal battle against Gawker receiving over $115 million in compensation for his leaked sex tape.

Technology


The battle between Apple and the FBI fizzled out when an alternative third party presented an offer to the FBI to help crack the iPhone security, meanwhile cyber criminals finally met their match when the long arm of the law closed in on them while troubling news from west Africa shows that Ebola was making a come back with more cases reported.

Style


Lastly Paris Fashion Week closed out the fashion week scene giving the beautiful people a chance to rest up for the second half of the year.

29 February 2016

The Big Stories of February 2016

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With February being the shortest month it surprised everyone managing to pack a lot in.

Headlines


We begin with protests which broke out in Hong Kong at the start of the Chinese new year while Julian Assange made a bid to leave the Ecuadorean Embassy with some help from the UN. The standoff between the FBI and occupiers at the Wildlife Refuge in Oregon came to an end while everyone was on edge after North Korea launched a satellite into space spreading fears of their launch abilities while a tropical cyclone slammed into Fiji.

Business


The business world saw the oil situation being addressed with Russia and 3 OPEC members agreeing the freeze oil output while the IMF warned that the global economy was still fragile.

Sports


The sporting world saw the Australian Open come to an end while ex FIFA bosses fought their suspensions dropping them from 8 to 6 years.

Entertainment


The awards ceremony season saw the Grammy's and BRIT Awards celebrate the best of music while the BAFTA's celebrated stars on the screen. The month ended with the controversial Oscar's awarding those in the movie industry.

Technology


The technology world came together when Apple refused to assist the FBI in unlocking an iPhone once again raising the issue of privacy. Outside of the politics in science we saw an amazing breakthrough in the form of gravitational waves being confirmed confirming long standing theories.

Style


Finally the fashion world saw the return of Fashion Weeks with New York Fashion Week kicking things off followed by London Fashion Week and then Milan Fashion Week. Lastly, rounding things off for the start of the year was Paris Fashion Week.

25 September 2015

Scandals Making the News

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This week saw scandals make the headlines with one of the largest car manufacturers deceiving millions for profit and one of the largest technology companies exposing millions to malware.

VW Scandal


The Volkswagen (VW) Scandal shocked the automobile world this week with the discovery that VW had intentional deceived emissions tests resulting in nearly 11 million cars world wide not meeting requirements pumping pollutants into the environment. The repercussion of these actions have seen the CEO resign along with suspicion cast on other car manufacturers.


Apple App Store Malware


Apple's App Store faced a security threat after multiple infected apps were distributed due to cloned development software. Multiple app makers in China found that they had been using a cloned version of Xcode that inserted malicious code into their apps with WeChat being one of the largest with over 500 million users worldwide exposed.


26 June 2015

The People Controlling the World's Money

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This week we see nations and businesses busying themselves as the world around them changed.

Nations at Odds


We begin this week in Greece with the continuing drama over debt with the IMF raising a red flag initially but later saying they expect Greece to make the $1.7 billion payment by 30 June as Athens continues to negotiate with creditors. Greece, however, wasn't the only country arguing over public funds this week as anti austerity marches took place in London with celebrities joining the masses. Russia didn't have a great week either with Europe extending economic sanctions by 6 months due to the crises in the Ukraine.

Outside of financial crises we saw Australia reveal this week that it would join the China lead infrastructure bank as a founding member while in the States SCOTUS upheld Obamacare after another legal battle over the wording in the law. But while disputes and economic quandaries were fought it was revealed that the NSA had been targeting the business world with security companies in particular in order to create malware that could bypass their defenses.

The Business World


The business world would be rocked further with WikiLeaks releasing more Sony emails and documents showing a deal made with Apple and settlements made. Controversy didn't end there with businessman Donald Trump entering the race to be US President and making surprising progress even after controversial statements about immigrants resulting in Univision dropping Trumps Miss USA pageant. But while some controversies boiled over others were dealt with head on as many large retailers stopped selling confederate flag related items after the tragic events in Charleston last week.

Finally we end the week with the digital world of business, in particular the new streaming music industry where new comer Tidal lost it's interim CEO just months after losing a previous CEO but it's wasn't all bad news when Apple was confronted by pop princess Taylor Swift in an open letter condemning their plans to not pay artists resulting in a turn around where Apple agreed to pay artists during the 3 month trial period.

5 June 2015

Local Threats & Foreign Planets

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This week in the world of technology we saw controversial surveillance acts stumble and scientists looking towards the heavens.

Security First


This week saw the infamous mass surveillance law, the Patriot Act, run into trouble when it's provisions expired. An alternative was put in place called the USA Freedom Act limiting the NSA's powers, however, it too has been criticized for barely scratching the surface of the NSA's powers. The original whistle blower that exposed the extent of the surveillance, Edward Snowden, expressed how happy he was with the Patriot Act failing saying "balance of power is beginning to shift". Staying with terrorism the FBI have accused Apple and Google of helping terrorists by providing strong encryption in their products.

Outside of the world of terrorism the US believes Chinese Hackers are behind a massive hack that stole American Corporate and Military Trade secrets. In software news a new Skype bug was discovered that causes Skype to crash with just a sequence of characters and lastly there are warnings that pictures on the internet could leave you open to hackers.

Up in the Sky


Looking towards the heavens we saw NASA and Verizon teaming up to help create a network that can keep an eye on drones in the sky and speaking of drones, someone has finally built a drone that looks like a Star Wars X-wing. Back to NASA who revealed it had created self cleaning wings that gets rid of bug guts which cause drag on aircraft but one aircraft that won't have to worry about drag is the Solar Impulse, the solar plane attempting to fly around the world without a drop of fuel, which had to land in Japan due to bad weather.

Going further into space NASA awarded Boeing with the first order for a commercial crew change flight to the International Space Station. NASA also announced that the flying saucer for taking humans to Mars is ready for testing and since we're heading to Mars scientists have said that earth organisms could survive under low pressure Martian conditions. Finally with all our travels around space the European Space Agency (ESA) is planning on cleaning up space by removing space debris and removing derelict satellites from orbit.

30 January 2015

Tech Titan Trauma

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This week saw technology titans release their quarterly reports with a few shockers, both good and bad, announced.

The Good


Apple was the shinning light of the weeks earnings reports with a 46% increase in iPhone sales with sales so popular they tied with Samsung selling an estimated 74.5 million phones. Apple's reports were so astronomical they even reached some historic figures. For it's closet mobile competitor it was a mixed bag with Samsung managing to beat gloomy forecasts but with income still falling 36% due to sluggish phone sales.

Amazon wasn't to be outdone posting strong Holiday sales showing a surge of 15% year-on-year and it even managed to post a profit after recent very big, and very public, failures. Facebook saw it's share price rise after better than expected fourth-quarter earnings thanks to advertising while Yahoo saw it's shares rise after it decided to spin off it's shares in Alibaba in a tax free transaction.

The Bad


It wasn't all good news with Microsoft dropping 4% after it released some dreadful numbers thanks to a drop in people upgrading to Windows 10 from Windows XP but also due to upgrades from Windows 7 & 8 to 10 being free. Google didn't fare any better when fourth-quarter sales and profit missed Wall Street estimates due to advertising on mobile taking a knock. The darling of Wall Street, Alibaba, saw it's shares tumble 9% after weaker than expected sales growth was revealed.

The Ugly


Lastly nobody took a bigger knock than IBM who began axing over 100,000 jobs, laying off over 26% of it's global workforce, saying it would begin reorganizing the company with what it termed "Project Chrome".


2 January 2015

What Happened? 2014 Business News

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Business experienced the usual ups and downs in 2014 but it was the actions of high powered individuals that impacted entire nations.

Politics


Russia suffered severe economic sanctions for it's involvement in Crimea but it was the falling oil price, due to OPEC's decision not to cut production, that was the final blow making the most impact on Russia's oil driven economy along with the Rouple. The US government had a busy year with Ben Bernanke being grilled about the decisions leading to the AIG bailout and politics narrowly avoided another shutdown when a $1.1 trillion bill was signed at the last minute. Protests in Hong Kong's business district nearly crippled the region and ended up costing retailers millions while in South America Argentina defaulted on it's loans for a second time ignoring a US courts ruling.

In the world of taxes Frances ridiculous 75% tax on millionaires was dropped while in the States over 30,000 IRS emails previously thought lost were found regarding the accusation that the IRS was targeting individuals based on their political views. Parts of Europe implemented what was termed the Google tax in an attempt to squeeze more from foreign companies operating in Europe and finally it seems European nations really had it out for Google trying to have the internet behemoth split.

Companies


Some companies probably wished for a quicker end to the year with not one but two high profile incidents, MH370 and MH17, Malasian airlines stock took a massive knock and had to be suspended at one stage. GM was on Capital Hill due to the large number of recalls due to safety issues with their vehicles. The hacking of Sony Entertainment's network caused havoc with confidential documents being released in droves bringing speculation of possible sales of assets while a previously targeted company, Target, faced a lawsuit over last years holiday hacks that saw 110 million customer details stolen. Not everyone managed to escape their fate with more former Madoff aides heading to prison and Uber was in the spotlight after an exec wanted to snoop on a journalist to discredit her work.

It wasn't all doom and gloom with the technology world seeing Alibaba make it's grand listing with the largest tech IPO ever. Apple had an interesting year with successful new products like the iPhone 6 and it's new smart watch which isn't available just yet but it also ran into issues with an Apple employee class action lawsuit and was the unwilling participant in many "die-ins" staged in protest of police brutality. Burger King successfully acquired Canada's Tim Hortons in a move to cut it's tax exposure and minimum wages made the spotlight with Walmart claiming to do away with it.

Banks


Years after they sent the world economy into a tailspin the European Central Banks conducted a health test and found everything to be fine. However things weren't over with banks still facing billion dollar fines from the US and UK for their involvement in the Libor scandal.

JPMorgan faced a class action lawsuit over $10 billion of mortgage-backed securities and finally Barclays faced a suit by the SEC over "dark pools".

31 October 2014

Banks Behaving Badly

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This week saw all eyes on the banking sector with investigations galore. The tech industry also saw some action this week of a less dramatic kind.

Banks


The European Central Bank's health check was a success however the report did say "Banks face a significant challenge as the sector remains chronically unprofitable".

Things only got worse from there with Barclays Bank under investigation for bribing a member of the Saudi Royal Family in order to secure a rare banking license. Deutsche Bank braced itself for a $1bn fine from US and UK regulators for it's part in the Libor and Euribor scandal.

Further afield US prosecutors may reopen investigations into several big banks that were previously probed on suspicion they may have violated agreements under which the institutions settled prior cases against them. US and European banks are also stock piling billions for potential trans-Atlantic settlement of allegations they manipulated foreign-exchange rates.

Technology


The technology sector saw action with Twitter shares taking a tumble over concerns with user growth. Samsung was hammered with profits plummeting 60% due to increased pressure from smartphone competitors.

Facebook on the other hand saw it's earnings almost double on rising ad revenue. but it wasn't all good news with it's latest Acquisition $21.8bn WhatsApp making a loss of $138million. Microsoft ended up cutting 3,000 employees as part of it's larger plan to cut 18,000 staff.

Apple was in the news after one of it's suppliers, GT Advanced Technologies, says a deal with the tech giant went sour forcing it to file for bankruptcy. However it's wasn't all gloom for Apple with it's payment system showing 1 million activations within 72 hours.


26 September 2014

Who's in the news? Hacked Celebrities (Follow Up)

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Since The Fappening a few weeks ago and the response it was thought life would return to normal but it seems the hacker is back with even more photo's, this time with a new batch of celebrities to taunt.

New Celebrities


The second batch of photo's include Jennifer Lawrence again but also include actress Vanessa Hudgens and US soccer player Hope Solo and singer Avril Lavigne along with photo's of Amber Heard and Rhinna with many more listed. An understandably upset Gabrielle Union addressed the issue calling the hackers "vultures" victimizing women and children.

It's believed the new wave of photo's are from the original hack a few weeks ago and not a new security breach. Since the leak some of those affected have taken legal action against Apple and are trying to turn it into a class action lawsuit with the help from others affected by the hack.

Emma Watson


After Emma Watson's speech on feminism at the UN headquarters, and the new #HeForShe campaign, the supposed hackers claimed they would post nude photo's of Emma on a website for expressing her feminist views. Since then it has emerged that the threat and website was a publicity stunt to shut down the 4chan website where the original leaked celebrity photo's were found.


6 September 2014

Who's in the news? Hacked Celebrities

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This week saw the release of hundreds of private photo's of various female celebrities supposedly hacked from iCloud accounts and posted online.

The event dubbed "The Fappening" began on Monday with images slowly released by an anonymous hacker who requested bitcoin as payment for their release.

Who Was Affected


Academy Award winner Jennifer Lawrence and Model Kate Upton took prime spot featuring in the initial images released. But soon Victoria Justice, Rhianna, Ariana Grande and more would join the list.

While Miss Lawrence and others admitted the images were real some celebrities denied the authenticity of the images. Later some of the celebrities who originally denied the authenticity (Victoria Justice), have since admitted that they are real.

Response And Investigation


The celebrities involved have taken the issue to the FBI who are investigating the hack while the hacker responsible for publishing the images is on the run. Apple set up a team on their side to investigate how the photo's were obtained. It has since been confirmed it was not a breach of Apple's iCloud but instead a targeted attack on specific accounts.

Besides the breach and theft of personal documents certain images were of a then underage McKayla Maroney classifying the images as child pornography. And if it wasn't bad enough trying to remove some of the images has been made more difficult for Miss Lawrence who has been in a legal battle with a porn site who claim she did not own the copyright of the images, as they were not taken by her, and is refusing to remove the images.

And lastly members of Reddit donated $6000 to a prostate cancer charity after viewing the leaked images which was returned as the charity did not condone the manner in which the funds were raised.

26 July 2014

Business Battered and Bruised

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It's been a relaxed week on the markets with a few big movers announcing results but with most attention on states and their business interests.

State of Business


With the recent downing of Flight MH17 the total liability of the crash could reportedly reach $1 billion, add to that the second major blow to it's brand, can Malaysian Airs survive? In related Ukrainian news Russia are having trouble selling bonds after their Ukraine adventure prompted the cancellation of the bond auction.

More nations are having a hard time with Argentina asking a US judge to put the debt payment order on hold while Puerto Rico's debt crisis could be heading for a US style bankruptcy resolution. South Korea announced a new stimulus plan to help the economy after the Ferry disaster earlier in the year slowed economic growth. In the Eurozone public debt spiked reversing the down trend when the economic crisis eased. The IMF has cut the global growth outlook taking into account weakness in both the US and China.

Saudi Arabia seems to be the only glimmer of hope as it announced it had opened it's $531 billion stock market to foreign investors for the first time.

Business Battered


A widow of a chain smoker has been awarded $23billion in damages against the second largest cigarette maker in the US, RJ Reynolds.

McDonald's didn't have a great week when it was revealed there was an issue with a supplier of meat to McDonalds in China resulting in certain items being pulled from menu's. McDonald's hasn't had much luck in Europe either with it's German profits taking a knock and the Russian consumer protection agency seeking to ban some of it's burgers and milk shakes.

Barclays employee's have said they were concerned about the "Dark Pools" before the suit was filed by the SEC. Barclays has since filed to have the suit dismissed but the SEC have instead stepped up the inverstigation.

The takeover of Time Warner by Rupert Murdocks News Corp has been bumpy with Time Warner preventing shareholders from calling meetings and as interest grows shares of Time Warner could reach $105 a share.

Technology Titans


Facebook showed critics when it's reported  profit's more than doubled thanks to mobile ads resulting in the stock going on to hit a record high and pocketing founder, Mark Zuckerberg, a cool $1.6 billion.

Apple seems pretty certain of it's future reportedly asking it's supplier to produce 80 million large screen iPhones however things weren't all great as it was revealed 18,000 Apple employee's have opened a class action lawsuit against Apple.

More tech Titans made themselves known on the stock market with Alibaba indicating it would wait till after US Labor Day to launch it's much anticipated IPO. However things weren't great for many others with Microsoft's fourth quarter earnings taking a hit after it's acquisition of Nokia and finally Amazon didn't fare to well either when it posted a $126 million loss.

6 June 2014

Technology Moving Forward

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Technology marched along with new discoveries and announcements while others, the usual suspects, abused technology for their benefit.

Moving Forward


Apple held it's annual WWDC conference where it announced several new developments most notably the new iOS8 and OSX Yosemite and a new programming language called Swift.

NASA was busy when it announced it had discovered a new rocky mega-planet called Kepler-10c capable of hosting life. Amazing new X-ray images of space were released revealing whirlpool galaxy's dotted with black holes. Not keen to leave space to the pro's Google announced it is planning on building a satellite fleet to bring internet to everyone, I guess the balloons weren't up to the challenge.

On the medical front scientist have created the very first 3D printed blood vessels but were shocked to discover 21 new cases of Ebola reported in Guinea.

Some people never learn


The NSA was in hot water again after it was reported that they have been collecting millions of photo's for facial recognition software. The NSA was also blasted by the EFF who claimed that the NSA had intentionally destroyed evidence in a case between the two. If you thought you were in the clear after the Heartbleed bug wreaked havoc a few months back, well sorry, 6 new bugs have been discovered in OpenSSL.

Speaking of the internet, it was reported that the FCC site had crashed after trolls swarmed the site making comments regarding net neutrality thanks to a piece by John Oliver on his new show 'Last Week Tonight'. Turkey came to it's sense when it allowed access to YouTube after a 2 month ban. And lastly Pirate Bay co-founder, Peter Sunde, was arrested in Sweden after 2 years on the run for copyright infringement.

Well that was unexpected


Users of car lift services have been warned after an Uber driver was arrested for kidnapping a women. Speaking of breaking the law, Google allowed people to sign up for the new EU mandated Right to be Forgotten and received over 12,000 requests on the first day alone, allowing any one with a questionable past to be "forgotten".

History was made when US Ambassador, Suzi LeVine, took an oath of office on an electronic device. And finally, in what can only be described as idiotic, the Greek letter Pi was trademarked proving once and for all that the US patent offices need a serious review.

9 May 2014

Technology Breaking Records & Banks Breaking Rules

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This week saw Alibaba file it's long awaited IPO bringing China to the technology forefront. Along with that we have the usual banks behaving badly and technology start-ups shaking things up.

Technology Titans


Alibaba filled it's IPO with a $1 billion fundraising target with more to come later. Alibaba's IPO could be the largest technology IPO in history topping Facebook's debut and has been making ripples across Silicon Valley due to Alibaba's immense reach and scale.

Yahoo, which holds 24% of Alibaba, traded 1% higher after Alibaba's began trading. Yahoo managed to amend it's deal to keep more shares with the original deal requiring Yahoo to sell a specified amount of shares when the IPO was launched.

In other technology stock news Apple's shares topped $600 for the first time in 18 months. Apple is now also the second largest online retailer after Amazon.

Banks behaving badly, again


US Attorney General Eric Holder has warned that no bank is "above the law" amid investigations into tax evasion and money laundering. Credit Suisse Group AG is in talks with the US Justice Department to resolve a tax probe which could cost as much as $1.6 billion.

Banks are also being sued on allegations of fixing the gold price. The suits, filed by hedge funds, private citizens and public investors claim the banks used their position to rig the price of gold to the banks benefit.

Start-ups shaking things up


Airbnb has been under governments scrutiny lately with regulators questioning whether Airbnb hosts paid the relevant taxes and in some cases claim they may be violating New York housing laws.

Ride sharing services like Uber and Lyft have hit a snag with insurers insisting drivers pay commercial insurance to ensure passengers are protected.

Public Relations 101


When teenagers are the voice of reason you know you have to rethink your approach. Coca-Cola and PepsiCo have removed a controversial ingredient from their products after a teenager started a petition online.

Target CEO has resigned after continued fallout from when hackers stole credit cards from 70 million accounts over 5 months ago.

11 April 2014

From Digital Death to Medical Marvels

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Paranoia kicked in this week when a massive security bug was discovered opening websites to eavesdropping but it's not all gloom with scientists putting a positive spin on things with advances in medical technology.

Security


A massive security bug in OpenSSL named "HeartBleed" is reported to affect nearly two thirds of all websites and his been around for the last 2 years. US regulators have even told banks to address the "Heartbleed" risk.

The Dutch government has followed the UK's lead and paid Microsoft to continue providing support for Windows XP until next year when they finally upgrade their systems.

A 5-year-old boy managed to bypass Microsoft Xbox One security allowing him to access restricted content.


Vehicles


Mazda is recalling 42,000 Mazda 6 sedans after it was discovered a breed of spiders could create webs preventing the fuel injection from functioning.

Police are on the look out for high tech cow tippers who have been tipping smart cars around San Francisco.

The EU may require electric and hybrid vehicles to make noise to alert pedestrians to their presence.


Money


Apple wants $2.2 billion in damages from Samsung for infringing on 5 patents.

Samsung sued a South Korean publications for a bad review of it's newly released Samsung S5.

HP has admitted to federal bribery and money laundering charges.


Medical


A new implant designed to zap paralyzed people and help them move again has been created by researchers who claim to have helped 4 paralyzed men walk again.

A new robotic suit could allow a paralyzed individual to kick the first ball at the Soccer World Cup.

Doctors have managed to implant lab grown vagina's in several women grown from their own cells.



Space


A weird bright light was spotted on Mars by Curiosity rover.

The sun emitted an M-Class solar flare but fortunately didn't cause any geomagnetic storm on Earth.

A solar plane named Solar Impulse 2 plans to circumnavigate the earth in 2015 with a 236ft wingspan.

21 February 2014

Technology makes the world go round

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It's been an interesting week in the tech world with big money taking center stage.

Money


Facebook acquired WhatsApp for $19 billion with $3billion in Facebook stock. WhatsApp is set to reach 1 billion users faster than Facebook.

King revealed it has made over $1.5 billion from the addictive Candy Crush Saga.

Bitcoin had another bumpy week with the value of Bitcoin plummeting to under $100 on the Mt. Gox exchange.

Staying with Bitcoin, rhe first Bitcoin ATM's in the USA will appear in Seattle and Austin

Security


The Kickstarter website was hacked exposing user data. An email was sent to users urging them change their details.

The NSA saga continued with new allegations that it spied on WikiLeaks and it's visitors.


 Gadgets


Google set out rules for it's Glasses wearers to crack down on the creepy factor. The rules are a list of "Do's and Dont's" such as Do: ask permission before recording someone and Don't: be creepy and rude.

Tesla CEO, Elon Musk, confirmed he had been in talks with Apple but it was not for an acquisition but instead about battery technology and Tesla's new "Gigafactory".

Samsung is suing vacuum cleaner maker Dyson after it claimed Dyson infringed on one of it's patents. Well that sucks.

31 December 2013

What Happened? 2013 Business News

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The business world had some nervous moments with politicians getting in the way and wars at breaking point but the always innovative tech world made sure money was made.

Tech world keeps ticking


Bitcoin, the infamous decentralized virtual currency, had a bumpy year with wild swings in it's value. Unfortunately it also suffered a dramatic set back when the Chinese government banned it's use.

Twitter finally made it's debut on the stock market with it's IPO. It wasn't all smooth sailing with the stock taking a tumble after a warning it was overvalued.

Amazon had huge sales come Christmas and gained even more attention with it's crazy drone delivery plan.

Apple released the next generation of iPhones instantly invalidating all previous models having their legions of fans waiting in line to upgrade.

Government, can't live with them...


The business world held it's breath as the US edged closer to defaulting on it's obligations. Eventually the US government closed for business when Republicans refused a budget bill in an attempt to delay Obamacare resulting in nation wide shutdown.

After pumping billions into the economy during the recent recession the Fed's tapering had markets a buzz.

The earlier NSA revelations trickled down to business with telecoms giants admitting to their part in providing the government with access to phone records of millions. Even big tech companies had co-operated from Google to Yahoo and Microsoft.


Bad (for) business?


BP has been trying to cut it's losses from it's oil clean up fines requesting proof of losses which was later turned down by the courts.

Sometimes all it takes is one employee to cause headaches, case in point IAC Communications Director Justine Sacco sending a racist tweet before hoping on a plane to Africa. She was later fired.

The big banks paid for their blunders with JP Morgan paying $13billion in fines for it's toxic mortgages part.

A garment factory collapse killing 175 people in Bangladesh and a fire in a 10 story building raised questions about the west's growing desire for cheap goods.