Sectors
Second interest rate cut for Norway
Falling oil price is taking its toll in Norway as the country central bank cuts interest rate again for the second times this year and the third time in 10 months. Oeystein Olsen, Norway's Central Bank governor announced the rate cut on Thursday citing that slow economic growth as the main reason.
Pope urges US to act on climate change now
Wading into one of the most polarizing issues in American politics, Pope Francis has called upon the United States to join other nations in fighting climate change. He stressed the time to act is now. "Climate change is a problem which can no longer be left to a future generation. When it comes to the care of our common home, we are living at a critical moment of history," the pope said in a speech Wednesday on the South Lawn of the White House.
Apple just released iOS 9.0.1 to fix the "Slide to Upgrade" bug
Apple just released iOS 9.0.1 to fix their major "Slide to Upgrade" bug issue that over half of its users are experiencing after its iOS 9 update. Affected users can get the update by connecting their iPhone, iPad, and iPod to the iTunes on their computer and perform a force restart of their device.
Motorola Solutions pruning costs to enhance profit
With gross margins decreasing, Motorola Solutions Inc, a US provider of data communications and telecommunications equipment, has taken up cost-cutting measures to boost its profit growth. The cost optimizing and restructuring exercise have been helping the company significantly in cost control. The sluggish sales, cut-throat market competition and adverse sales tax are putting more pressure on Motorola. The gross margins fell from 51 percent in 2012 to 48 percent in 2014. In a similar way, operating margins also down from 14.8 percent to 16.4 percent during the period.