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by Glenn Chapman Agence France Presse CUPERTINO, United States (AFP) — Apple laid claim to the future of the smartphone Tuesday with a 10th anniversary iPhone X, featuring facial recognition unlocking and other refinements, touting the device as the next generation of mobile computing. The iPhone X was one of three new iPhone models unveiled at the first event at Apple’s new “spaceship” campus, as the California tech giant sought to spark fresh momentum in […]
LONDON, United Kingdom (AFP) — Britain’s annual inflation rate accelerated in August, mainly on rising prices for motor fuels and clothing, official data showed on Tuesday, sending the pound to a year-high versus the dollar. The Consumer Prices Index (CPI) 12-month rate jumped to 2.9 percent in August compared to 2.6 percent in July, the Office for National Statistics said in a statement. “Rising prices for clothing and motor fuels were the main contributors to […]
WASHINGTON, United States (AFP) — The combined economic cost of Hurricanes Harvey and Irma could reach $290 billion, equivalent to 1.5 percent of the US gross domestic product, US forecaster AccuWeather said in a report Sunday. “We believe the damage estimate from Irma to be about $100 billion, among the costliest hurricanes of all time,” said the firm’s CEO and founder Joel Myers. Harvey, which battered Texas and parts of Louisiana in late August, […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher Monday on upbeat Japanese data and a weaker yen, with the North Korea crisis in focus as the US pushes for a UN Security Council vote on tough new sanctions against the nuclear-armed state. The benchmark Nikkei 225 index rose 0.89 percent, or 171.86 points, to 19,446.68 in early trade while the broader Topix index was up 0.89 percent, or 14.16 points, at 1,607.70. “Players are relieved […]
Beijing, China (AFP) — China’s factory price inflation, a key barometer of the industrial sector, accelerated sharply in August, reflecting strong demand and a reduction in excess capacity which has plagued China’s economy. The producer price index (PPI), which measures costs for goods at the factory gate, rose 6.3 percent year on year in August, much faster than expected, official data showed Saturday. The pace of PPI expansion jumped from 5.5 percent registered in July, according to the […]
NEW YORK, United States (AFP) — Wall Street stocks finished mostly lower Friday, with technology shares especially weak, as markets girded for a second major US hurricane in less than two weeks. Florida’s highways were jammed with families fleeing their homes as Hurricane Irma honed in on the Sunshine State after killing at least 17 people across the Caribbean. “With this Irma storm bearing down on Florida, it is creating a lot of near term […]
NEW YORK CITY, USA (Reuters) — Shares in Apple took a late knock on Thursday (September 8), after a report in the Wall Street Journal that the iPhone 8 has hit production glitches that could push manufacturing back by about a month. The story says Apple could face shipping delays and supply shortages after the new phone makes its debut next week, a potential downer for fans as they look forward to the iphone’s 10th […]
NEW YORK, United States (AFP) – The US central bank can continue to raise interest rates gradually, despite persistent low inflation that could suggest a fundamental change in the economy, a top Federal Reserve official said Thursday. New York Fed President William Dudley said while he has been surprised that inflation has remained stubbornly below the central bank’s two percent target even as the economy has grown steadily, that has not changed his basic […]
MEXICO CITY, Mexico (AFP) — Royal Dutch Shell said Wednesday it would invest $1 billion in Mexico over the next decade, after the oil giant opened its first retail gas station in the country. The investment in the world’s fifth-biggest consumer of gasoline depends on market conditions continuing to develop at their current rates, said Shell executive Istvan Kapitany. The money is earmarked for “expanding and improving the retail network, improving fuel logistics infrastructure and […]
TOKYO, Japan (AFP) — Tokyo stocks slipped Wednesday morning on lingering worries over North Korea, with the yen strengthening against its major peers due partly to its status as a safe haven currency. The benchmark Nikkei 225 index fell 0.31 percent, or 59.94 points, to 19,325.87 by the break — a four-month low — while the broader Topix index was down 0.20 percent, or 3.20 points, at 1,587.51. “No one knows if the issues around […]
TOKYO, Japan (AFP) — Tokyo stocks dropped Tuesday morning, with investors keeping a nervous eye on any fresh developments in the North Korea nuclear crisis. Traders stayed on alert as South Korea said there were signs the North was preparing another rocket launch, possibly an intercontinental ballistic missile similar to the one fired over Japan last week. Tensions on the Korean peninsula spiked after Pyongyang conducted its sixth nuclear test on Sunday — sparking global […]
HONG KONG, China (AFP) — Asian markets struggled on Tuesday while the safe-haven yen and gold held gains as traders fret over North Korea’s nuclear test at the weekend, which prompted warnings of US military action. The US ambassador to the United Nations Nikki Haley told an emergency Security Council meeting that Pyongyang was “begging for war” and called for the “strongest possible measures” against Kim Jong-Un’s regime. Also, US President Donald Trump and his […]
