Swiss multinational insurance company, ACE Limited announced that the company will start offering cyber protection insurance up to $100 million. With the rising numbers of cyber security attacks particularly in the United States, the company is planning to lead the way for cyber insurance. According to PricewaterhouseCooper, the cyber insurance sector will increase to $7.5 billion by 2020.
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From an iPhone to a Tesla car, how much energy do these devices really use?
It's not rocket science to figure out that everything that runs with electricity costs money; exactly how much it costs, however, has just been recently figured out. People these days are not only looking for the best mobile devices; they are also on the lookout for better battery lives. Big Corporations such as Apple has taken an initiative for this. For example, according to MacStories the newly released iPhone 6S and the iPhone 6S Plus and its new iOS 9 have optimized apps and key technologies that help its users have an energy efficient experience. That's because everyone just struggles with battery life and there's no such thing as enough battery.
Google to install high-speed public Wi-Fi on 400 railway stations in India
Google will install public Wi-Fi across 400 railway stations in India. Reports say this would be the largest public Wi-Fi in the country and certainly one of the largest in the world.
IBM's Watson supercomputer is coming to Silicon Valley
IBM is bringing its supercomputer, Watson, to Silicon Valley. The tech giant will open in San Francisco, California an innovation center for Watson, known for defeating human rivals on the TV quiz show, Jeopardy, in 2011.
Facebook announced 360-degree video support
Facebook introduces the 360-degree video. It is a new feature which will let you roll videos in any angle. The new feature will be accessible first on the web and Android devices.
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Sprint's CEO, Marcelo Claure keeps the iPhone price war between its company and T-Mobile continue with its latest $1 per month plan. The new deal offered is another attempt by Claure to help Sprint recover from its 7 years losing streak. Sprint offer $1 per month for the new 16 GB iPhone 6S and $5 per month for 16 GB iPhone 6S Plus.
South Korean electronics company, LG teases android fan worldwide with their new fifteen-second smartphone teaser on YouTube. The video with the tagline "Be You" revealed a little bit of the smartphone feature details hoping to get users excited. The new smartphone is expected to be released on October 1st next week based on the date that appeared at the end.
StoreDot, a startup nanotechnology company in Israel, had come up with a battery charger that could fully charge drained phone batteries in a minute. Doron Myersdorf, the co-founder and CEO of StoreDot, and his team introduce a charger that fully loads up phone batteries within 60 seconds.
Giving much wider scope of speculation on possible interest rate hike in next October meeting, the US Federal Reserve Chair Janet Yellen has indicated that there would be interest rate hike this year. Yellen further opined that it's necessary to increase short-term rates in a gradual manner as the improvement in labor market further continues and inflation rate reaches to the government target of two percent. The US Central Bank has been sending feelers about the possible rate hike this year for some time. The job market growth is the major factor that puts the US Fed in a comfortable position to take a decision on interest rate hike.
At a time when creditors of crisis-hit Puerto Rico are gearing up for negotiations on restructuring the Island's debt in smaller alliances, the group of hedge funds was believed to be split off. The hedge funds group comprising over 36 firms is holding a debt of $5.2billion of ailing Puerto Rico. According to unconfirmed news, since Puerto Rico governor Alejandro Garcia Padilla said that government's debts were unsustainable, there's surfacing difference of opinion among hedge group members. In the latest development, a group of activists in the Island has started raising voice against the participation of Antonio Weiss in the restructuring plan negotiations as his connections with the Wall Street lead to a conflict of interest.
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.
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 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.
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.
