Apple presented a facial recognition system as a way for users to unlock its next iPhone during its latest launch event on Tuesday, but such security solutions may not prove popular with consumers. Face ID uses advanced 3-D depth perception to scan the user’s face. This process reportedly captures more data points and works faster […]
Read moreInsurance firms are facing increasing competitive pressure on all fronts due to the emergence of a number of insurance technology (insurtech) start-ups, according to a report. With the integration of technologies like artificial intelligence, blockchain and drones entering the insurance mix, the sector is being forced to rethink its model. The World Insurance Report, published […]
Read moreApple quietly increased the price of the 256GB and 512GB versions of its 10.5-inch and 12.9-inch iPad Pro tablets. The price change was first spotted by Apple blog MacRumors. Prior to Tuesday, consumers could purchase the 256GB and 512GB 10.9-inch iPad Pro for $749 and $949, respectively. Those models now cost $799 and $999, respectively. […]
Read moreBitcoin fell below $4,000 on Wednesday with negative comments from major business leaders about the cryptocurrency and the threat of a regulatory crackdown, unnerving investors. The digital currency fell as low as $3,907.26 on Wednesday, before recovering slightly to trade around the $4,050 mark, according to data from industry website CoinDesk. Bitcoin began was see-sawing […]
Read moreThe clean energy sector will be a massive engine for job growth in the United States given the increasing focus on the adoption of green technology, according to Milken Institute chairman Mike Milken. Milken was speaking to CNBC’s “Street Signs” on Wednesday at the sidelines of his institute’s Asia Summit 2017 in Singapore, touching on […]
Read moreThe competitive edge for Asian economies — many of which depend on low-cost labor and exports for growth — will likely erode as technology changes the way manufacturers operate, Boston Consulting Group said in a new report. Technologies such as robotics and digital simulation are allowing manufacturers to make customized products in locations closer to […]
Read moreIt’s well known that vacationers can rent a room — or a whole home — on Airbnb. But the company, one of the giants of the sharing economy, is dedicating attentions to another sort: business travelers. That segment already makes up about 10 percent of Airbnb’s business, and it expects that to grow to about […]
Read moreCurrency, United States Finance
Here is Juncker’s list of demands as he sets out roadmap for EU growth
The European Union is in its strongest position in a decade, but it must act quickly to capitalize on this and avoid past shortcomings, the President of the European Commission Jean-Claude Juncker has said. Delivering his keynote State of the European Union address Wednesday, Juncker outlined a number of measures the union must implement in […]
Read moreEuropean markets were set to open lower on Wednesday morning, despite record highs on Wall Street following the release of Apple‘s latest iPhone. Britain’s FTSE 100 is seen 14 points lower at 7,391; the German DAX is expected to open down by around 18 points at 12,505 and the French CAC is poised to open […]
Read moreCurrency, United States Finance
Global oil demand to exceed expectations in 2017, says IEA; OPEC cuts supply
Global oil demand is set to accelerate faster than anticipated this year, according to the International Energy Agency (IEA), which has revised up its 2017 growth estimates. Strong second-quarter demand has buoyed oil markets, which have been struggling to rebalance as a supply glut has weighed heavily on prices, the IEA said in its September […]
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