Shares in Toshiba fell 17 per cent to ¥257 on Thursday, taking the total loss of equity value to more than 40 per cent since the Japanese company announced that it was facing a multibillion-dollar writedown at its US nuclear division Westinghouse. As investors continued to digest Tuesday’s warning, shares in some of Japan’s biggest banks slid after the electronics-to-nuclear conglomerate raised the prospect of losses on their […]
By Yashaswini Swamynathan Wall Street lost ground for the first time in three days on Wednesday due to declines across sectors, slowing the Dow’s race to 20,000. The blue-chip index came within 19 points of the milestone shortly after the open, before slipping into negative territory as losses in Boeing (BA.N) offset Goldman Sach’s (GS.N) 0.86 percent gain. Boeing fell 0.8 percent to $156.26 after Delta Air […]
The FTSE 100 was within touching distance of a closing high on Wednesday, as optimism about the outlook for metal prices lifted the shares of the heavyweight miners on Britain’s blue-chip index. On the market’s first day back after the Christmas holiday, the FTSE 100 was up 0.6 per cent at 7107.56 in early afternoon trading, putting it on track to surpass its closing high of 7103.98 […]
By Se Young Lee and Stephen Nellis | SEJONG, South Korea/SAN FRANCISCO SEJONG, South Korea/SAN FRANCISCO South Korea’s antitrust regulator fined Qualcomm Inc (QCOM.O) 1.03 trillion won ($854 million) for what it called unfair business practices in patent licensing and modem chip sales, a decision the U.S. chipmaker said it will challenge in court. The fine, the largest ever levied in South Korea, marks the latest antitrust […]
By Makiko Yamazaki | TOKYO TOKYO A looming writedown at Japanese conglomerate Toshiba Corp has wiped almost $5 billion off its value in two days and prompted a credit rating downgrade on Wednesday, as the company grapples to plug a potential multi-billion dollar hole. Toshiba said late on Tuesday that cost overruns at a U.S. nuclear business it bought from Chicago Bridge & Iron last year, CB&I […]
Qualcomm has been fined 1.03 trillion won ($865 million) by the South Korean Fair Trade Commission (KFTC) over antitrust violations, with the regulator finding the chip giant’s business practices to be in violation of competition law. Qualcomm’s business model includes collecting royalty payments from clients, which are calculated on the price of the handset using the chip, rather than the price of the chipset itself, and royalties […]
The Asus Chromebook Flip is currently one of the most popular Chromebooks in the market, with its multi-form design, decent specifications and affordable price. The Asus Chromebook Flip is also the first one to gain access to the Google Play Store from the built-in Chrome OS to download Android apps. However, through a leaked listing on Newegg, the next Chromebook by Asus has been revealed. Could the upcoming Asus […]
By Nate Raymond | NEW YORK NEW YORK Three Chinese citizens have been criminally charged in the United States with trading on confidential corporate information obtained by hacking into networks and servers of law firms working on mergers, U.S. prosecutors said on Tuesday. Iat Hong of Macau, Bo Zheng of Changsha, China, and Chin Hung of Macau were charged in an indictment filed in Manhattan federal court […]
By Yashaswini Swamynathan Wall Street was higher on Tuesday, with the Dow Jones Industrial Average resuming its climb toward 20,000 and the Nasdaq hitting a record as technology and health stocks rose. The blue-chip index has been riding on a post-election rally, feeding on optimism that President-elect Donald Trump’s plans for deregulation and infrastructure spending would bolster the economy. The index, which came within 13 points of […]
The Gionee M2017 Chinese smartphone is now official and it packs some impressive specs, including 7,000 mAh battery power and 6 GB of RAM. The 7,000 mAh battery capacity is the main selling point of this device, and is achieved through two 3,500 mAh battery units. It remains unclear just how Gionee managed to cram two batteries and get them to communicate with each other, but it likely […]
Laptops with Qualcomm’s 835 processor could be a promising alternative for thrifty shoppers who want a powerful PC. Chromebooks have been selling well, especially in education markets. These stripped-down notebooks basically provide access to the Internet via your Google account; anything you can do on the Web can be done on a Chromebook. Some are priced as low as $179, […]
Taiwan fears getting caught between the US and China as President-elect Donald Trump threatens a tougher approach toward Beijing and the Chinese government intensifies its sabre-rattling in the region. Politicians and analysts in Taiwan believe that Beijing is stepping up pressure on the self-governing and democratic island, which China claims is its territory, because of actions taken by Mr Trump. On Monday, the Chinese navy sailed its […]
The prime minister defended his retaliation. “Israel is a country with national pride, and we do not turn the other cheek,” he said. “This is a responsible, measured and vigorous response, the natural response of a healthy people that is making it clear to the nations of the world that what was done at the U.N. is unacceptable to us.” Continue reading the main story The Security […]
MANILA A typhoon weakened as it cut across the Philippines on Monday after bringing down trees and power lines, and authorities warned of flash floods and mudslides although casualties were few with police reporting only two deaths. Typhoon Nock-ten’s wind speed eased to 130 kph (80 mph) as it headed west toward the South China Sea, passing through provinces south of the capital Manila at a speed […]
Acer Aspire C Series all-in-one desktop PC Looking to get a jump on the forthcoming deluge of CES news, Acer has released a new all-in-one PC family that adds a couple of interesting wrinkles to the popular desktop category. With the Aspire C Series, Acer delivers an improved all-in-one (AIO) design while retaining a budget price point. It’s worked to create a sleeker look for its full […]
Sources within the supply chain of Apple are claiming that due to lower-than-expected yield rates for the 10-nanometer manufacturing process by Taiwan Semiconductor Manufacturing Company, the launch date of the next-generation iPad tablet might be pushed back. There have been many rumors regarding the next iPad that Apple is planning to release, but with a disruption in the supply chain, interested users might have to wait a […]
MANILA, Philippines — A powerful typhoon is on its way to slam into the eastern Philippines on Christmas Day as officials struggled to divert people’s attention from family celebrations and travel. A provincial governor offered roasted pigs to entice villagers to move to emergency shelters. Typhoon Nock-Ten packed maximum sustained winds of 114 miles per hour (185 kilometers per hour) and gusts of up to 158 mph […]
The haiku is a powerful poetic form derived from the original Japanese style, with its structured three lines of five, seven and five syllables. David Lanoue, haiku poet and author, defines it as: “A one-breath poem that discovers connection.” They’re beautiful but not something you expect to find many of in the FT. However, in a fit of experimentation earlier this year, we created an algorithm that […]
“The resolution that was passed by the U.N. yesterday is part of the swan song of the old world that is biased against Israel,” Mr. Netanyahu said at a Hanukkah candle-lighting ceremony honoring wounded soldiers and terrorism victims. “But, my friends, we are entering a new era and, as President-elect Trump said yesterday, that is going to happen a lot faster than people think.” Continue reading the […]
A round up of some of 2016’s most significant corporate events and news stories. Smartphone sales © EPA A bright start to the year for Samsung Electronicswent up in smoke, after it took the unprecedented decision to axe its Galaxy Note 7 line, following a spate of safety issues that saw the smartphone banned from aircraft, writes Nic Fildes. The 2016 Galaxy Note iteration won substantial praise […]
The vote for Brexit will change the course of Britain’s history, Philip Hammond announced last month. The UK chancellor may be a strident advocate for a soft departure from the EU but he has also been keen to paint a positive picture of the country’s economy, saying the UK’s fundamental strengths will “ensure our future success”. Financial markets are sceptical. The economy may have confounded doom laden […]
What a difference a year makes. Having ended 2015 as the worst performing sector on the S&P 500, energy stocks are on track to become this year’s biggest winners as this month’s rally in crude prices further extended the sector’s gains. Despite falling 0.1 per cent on Friday, the S&P 500 energy index is still up more than 25 per cent this year, making it the top […]
(Image: file photo) Earlier this year, we were sent a series of large, encrypted files purportedly belonging to a US police department as a result of a leak at a law firm, which was insecurely synchronizing its backup systems across the internet without a password. Among the files was a series of phone dumps created by the police department with specialist equipment, which was created by Cellebrite, […]
If you pay attention to the narrative following every Apple product announcement, it’s loaded with disappointment and declarations that Apple has lost the innovative touch to create a “magical” experience consumers have come to expect from the company. Some of the complaints are warranted, such as those about the TouchBar on the new MacBook Pro. It’s useful, sure, but it’s nowhere near as profound as the Apple […]
