September, 2016

• 22 September

  Apple’s talks with McLaren, Lit Motors roads to car product

    Bloomberg As it firms up plans to upend the auto industry, Apple Inc. is looking toward British carmaker McLaren and San Francisco-based startup Lit Motors for help. Both would give Apple some of the know-how needed to compete head to head against or forge a meaningful partnership with automakers. Yet the two companies exist on opposite ends of the ...

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• 22 September

  iPhone 7: Better performance for owners, low profits for Apple

  

    Bloomberg A teardown of the latest generation iPhone 7 shows that in terms of material costs, the new handset is not a rip off. According to the customary IHS teardown that follows the launch of any digital object of desire, if the cost of the latest iPhone were based purely on its materials plus the labor required to put ...

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• 22 September

  Gulf shares cheer Fed decision to keep interest rates steady

  

    Reuters Stocks in the Gulf rallied on Thursday, taking their cue from global shares after the Federal Reserve left U.S. interest rates unchanged and indicated a slower pace of future hikes. Dubai’s main index was the top gainer among its regional peers, jumping 2.0 percent in the most active trade of the week as nine-tenths of the traded shares ...

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• 22 September

  Global equities advance on Fed rates

  

    AFP European stock markets rallied on Thursday, after solid gains in Asia, as the US Federal Reserve opted against lifting interest rates — but signalled action later this year. The Fed kept its benchmark interest rate unchanged for the sixth straight meeting, saying it needs to see a bit more sign of strength in the US economy. However, Fed ...

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• 22 September

  Acer takes a tech leap with a new lineup

  

    Emirates Business Acer unveiled and showcased its latest range of products at a highly-anticipated annual Middle East press conference at Dubai’s Westin Mina Siyahi recently. The event also hosted a number of key speakers, including Daniel Trachino, General Manager of Acer Middle East & Africa, John Miedema, Director of Product Management for Acer EMEA and Joumana Karam, Product Business ...

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• 22 September

  Huawei debuts new nova smart series

  

    Emirates Business At IFA 2016, Huawei Consumer Business Group debuted the Huawei nova and the Huawei nova plus, the first smartphones in the new series designed to meet the needs of today’s most dynamic consumers. The new nova series features stunning multi-curve design features, camera advances for more vivid photography and performance updates for enhanced usability. Every feature of ...

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• 22 September

  USA toy industry bets on Pokemon Go for holiday sales

  

    Bloomberg Coming off its best Christmas in years, the US toy industry is wagering that the Pokemon Go craze will command a lot of space on kids’ wish lists. Pokemon-branded video games from Nintendo Co. and a plush Pikachu character that wiggles its ears from Tomy Co. highlight the Toy Insider’s Hot 20 list, an industry publication’s best guess ...

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• 22 September

  Fuel-economy rules threaten 1mn US jobs

    Bloomberg More than 1.1 million US workers would lose their jobs because of tougher fuel-economy regulations coming next decade if prices at the gasoline pump remain low in America, a new study found. With low fuel prices, consumers won’t get the payback they are expecting from expensive fuel-saving technology as automakers strive to reach a US mandate to achieve ...

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• 22 September

  Zuckerberg starts $3bn initiative to cure disease

  

    London / AFP Mark Zuckerberg and his wife, Priscilla Chan, are pledging to spend more than $3 billion over the next decade to work on curing diseases. “Can we work together to cure, prevent or manage all disease within our children’s lifetime?” Chan said Wednesday onstage at an event in San Francisco for the Chan Zuckerberg Initiative. “Mark and ...

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• 22 September

  VW balks at compensation as EU caves in showdown meeting

  

    Bloomberg Volkswagen AG offered no hint of concessions after a meeting with European Union regulators over demands the company provide compensation to the bloc’s consumers hit by the diesel emissions scandal. VW will carry out an “EU-wide action plan” to inform customers and repair the vehicles, EU Justice and Consumer Affairs Commissioner Vera Jourova said after meeting with Francisco ...

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