Markets

President Trump will tour Apple's Mac Pro factory in Texas this week

President Trump will tour Apple's Mac Pro factory in Texas this week Apple announced in September that the new 2019 Mac Pro would be assembled in the same Austin facilities that the previous Mac Pro had been assembled in. Mac Pro is not the main driver of Apple's revenue or profits. Apple has been vocal about the New Mac Pro having the "Made in USA" brand. But the tariff exemptions for most of the Mac Pro's parts are seen as a win for both the company and Trum... [Full Article...]

Karma Stuns In LA With 1100-HP SC2 Concept Car

Karma Stuns In LA With 1100-HP SC2 Concept Car The pure electric SC2 is said to have four electric motors making up to 800kW of power and an eye-watering 14,000Nm of torque. That should be enough to get the SC2 from a standstill to 60 miles an hour in less than 1.9 seconds. "We challenged ourselves to design a street-ready hypercar concept , using Karma's in-house IP and components". First produced in 2012, the Fisker Karma was rolled o... [Full Article...]

Qualcomm forecasts 450 million in global 5G phone sales in 2021

Qualcomm forecasts 450 million in global 5G phone sales in 2021 Going by Qualcomm's previous forecast of a range between 175 million and 225 million 5G devices for next year, the 2021 forecast suggests 125 percent growth from the midpoint of the 2020 outlook. Here's a look at Qualcomm's 5G adoption curve. USA carriers, meanwhile, are of course rolling out a mix of the 5G networking types, and the top three carriers have each committed to supporting both. [Full Article...]

Westpac faces fines over anti-money laundering breaches

Westpac faces fines over anti-money laundering breaches The Australian Transaction Reports and Analysis Centre (Austrac) said each breach carries a maximum a penalty of A$21m ($7.5m; £11m). The bank intends to release a further update to the market once it has had a chance to review AUSTRAC's statement of claim with more depth. [Full Article...]

Safety board wants Boeing to redesign part after fatal 737 NG accident

Safety board wants Boeing to redesign part after fatal 737 NG accident The 737NG (for "Next Generation") was the Boeing model prior to the upgraded and re-engined 737 MAX, which remains grounded worldwide following two fatal crashes. Southwest did not use those new methods to check the fan blades on the plane that ended up having the deadly engine problem, but says it now does so routinely. [Full Article...]

Government pushes for IoT manufacturers to ditch dodgy password practices

Government pushes for IoT manufacturers to ditch dodgy password practices The federal government has released a proposed voluntary Code of Practice aimed at improving the security of the IoT landscape for consumers in Australia, including the security of everyday smart devices that connect to the internet. It has certain limitations for an IoT industry with a supply chain with varying security resources. The draft code, which the government is now seeking community ... [Full Article...]

Trump says China tariffs will go ‘even higher’ without deal

Trump says China tariffs will go ‘even higher’ without deal I'm very happy right now. The U.S. will raise tariffs on Chinese goods "even higher" if the two sides can not finalize a trade deal, President Trump said Tuesday at the White House . The Chinese Ministry of Commerce said Sunday the two sides had "constructive discussions" about "each other's core concerns" and agreed to remain in close contact. [Full Article...]

EasyJet to offset carbon emissions from all its flights

EasyJet to offset carbon emissions from all its flights The projected offset cost has been factored in to the carrier's estimated FY 2019 fuel bill of £1.62 billion, with Lawler noting that the £25 mln represents just over 5% of easyJet's pre-tax profit past year . Offsets will be delivered through verified projects accredited by the Gold Standard and Voluntary Carbon Standard (VCS), covering forestry schemes, renewables and community projects. [Full Article...]


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