Shanghai / AFP China’s bank lending fell sharply in April, the central bank said, as the government refrained from boosting credit amid concerns over growing risk. Bank loans reached 555.6 billion yuan ($85.2 billion) in April, down sharply from 1.37 trillion yuan in March, the People’s Bank of China (PBoC) said. The latest figure missed a median forecast of 1.3 ...
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Swift warns hack on bank after Bangladesh heist
Bloomberg Swift, the inter-bank messaging system embroiled in one of the largest cyber heists in history, warned customers that hackers have struck again, attacking a commercial bank client that it didn’t name. The details of a second hack follow a cyber-theft in February, when more than $80 million was stolen from Bangladesh’s account at the Federal Reserve Bank of ...
Read More »Hotels build buzz for eco-efforts with rooftop beehives
SAN FRANCISCO /Â AP At the Clift Hotel in San Francisco, there are more than 370 rooms inside and hundreds of thousands of bees buzzing above in rooftop hives outside. Yes, honeybees. Aware of the well-publicized environmental threats to honeybees that have reduced numbers worldwide, seven San Francisco hotels have built hives on their rooftops. The sustainability effort also benefits ...
Read More »In Greek seaside resort, refugees see dreams put on hold
Greece / AP At the end of a long, straight road on the coastal flats between the southern Greek village of Myrsini and the Ionian Sea sits a refugee shelter that could have popped out of a travel brochure. The 338 Syrians and Iraqis who have been living there since March say they’re grateful to be safe in seaside bungalows, but ...
Read More »The things to expect at Google I/O 2016
Relaxnews Thousands of developers from all over the world will be heading to the Shoreline Amphitheatre in Mountain View, California, May 18 – 20, to discover the latest version of the Android operating system — expected to land this autumn — as well as other innovations in the pipeline at Google. Android N Although the final version of Google’s ...
Read More »Samsung Gear VR headset touches 1 million users
Relaxnews More than one million people used a Samsung Gear VR last month. That’s according to new stats released by Oculus, the virtual reality company that powers the Gear VR. The company also revealed more details on new programming that includes a 360 3D virtual reality series that follows the lives of yak herders on the Mongolian Steppes, Maasai ...
Read More »Opera’s low-power mode to save 50% battery
Relaxnews Opera claims its new power-saving mode can extend battery life by up to 50 percent compared to Chrome. Opera has released a number of improvement to its web browser in the last couple of months. It added an ad blocker to its latest release in May, and added a virtual private network to its developer version in April. ...
Read More »YouTube launches instant messaging app
Relaxnews YouTube has launched a messaging feature that allows viewers to share videos and chat with friends without leaving the mobile app. Wired reports that the new ‘native sharing’ feature went live for a small percentage of users. Instead of having to forward a video to Facebook or copying and pasting links to email, users can start message threads ...
Read More »Apple share sinks to 2-year low
AFP Shares of Apple sank below $90 for the first time in nearly two years during trade , ceding the title of the world’s largest company by market valuation to Google. With investors souring on the outlook for sales of its iPhones and iPads, and no new blockbuster consumer electronics product in its offerings, Apple shares fell sharply to ...
Read More »Polycom receives takeover offer
Bloomberg Polycom Inc., the video-conferencing company that agreed last month to be bought by Canadian technology company Mitel Networks Corp., received a takeover offer on May 6 from a separate party, according to a regulatory filing. That party, identified as ‘Sponsor 1’in the filing, is Siris Capital Group, people with knowledge of the matter said. Siris didn’t immediately respond ...
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