World

North Korea tensions spook share market

North Korea tensions spook share market

The Australian share market is trading lower at noon as the rising geopolitical tensions following North Korea’s latest nuclear test spook investors across the region.  The benchmark S&P/ASX200 stock index was down 0.39 per cent at 5,702.2 points, with all sectors other than materials, gold and telcos weaker.  Markets in Japan, South Korea, Singapore and […]

Why Bitcoin Cash miners are Losing Money Doing It

Why Bitcoin Cash miners are Losing Money Doing It

Over the weekend, the bitcoin cash blockchain experienced a notable technical change.  Like the bitcoin blockchain from which it forked, bitcoin cash is hard-wired to adjust how hard it is for miners to claim its rewards, and on Saturday, it saw such a change. As a result, bitcoin cash was made 300% more difficult to mine.  This, in […]

Apple shares soar healthy iPhone sales

Apple shares soar healthy iPhone sales

Apple Inc on Tuesday delivered surprisingly strong fiscal third-quarter earnings and signaled that its upcoming 10th-anniversary phone lineup is on schedule, driving the stock up 6 percent to an all-time high in after-hours trading. The stock climbed above its intraday record high to $159.10 after the company reported better-than-expected iPhone sales, revenue and earnings per […]

Facebook shuts down AI experiment after Glitch

Facebook shuts down AI experiment after Glitch

A pair of chatbots has recently done something children often do: create a secret language.  Last month, researchers at Facebook found two bots developed in the social network’s AI division had been communicating with each other in an unexpected way. The bots, named Bob and Alice, had generated a language all on their own:   Bob: “I […]

Will amazon fall from grace?

Will amazon fall from grace?

Amazon is reinvesting the cash from its massive revenue-generating machine into getting even bigger.  World domination doesn’t come cheap.   Indeed the fact that Amazon is even suggesting that its third-quarter operating income (from July to September) could fall into negative territory by up to $US400 million ($502 million) is even scarier.  Amazon’s founder, Jeff Bezos, could […]

Mastercard Expands into QR Payments

Mastercard Expands into QR Payments

Mastercard (NYSE:MA) today outlined plans for greater choice in retail payments through the planned expansion of its QR-based programs.choice in retail payments through the planned expansion of its QR-based programs.   “We look forward to the adoption of the EMVCo global QR standards. In the meantime, we’ll continue to work with our customers and partners to […]

Rupert Murdoch to buy Sky (UK) after 2018

Rupert Murdoch to buy Sky (UK) after 2018

Rupert Murdoch’s recurring dream of owning Britain’s biggest pay TV provider won’t become reality until at least 2018. A planned $15 billion takeover of Sky UK, by 21st Century Fox (FOX) faces many more months of scrutiny by U.K. officials after Murdoch declined to offer new concessions to protect Sky’s editorial independence, according to sources familiar with the […]

Will Apple buy Netflix

Will Apple buy Netflix

Even though Apple (AAPL) has shown no appetite for making large acquisitions, Wall Street analysts continue to speculate that the iPhone maker will use its massive cash stockpile to make a game-changing deal. Investment bank Citigroup is the latest to weigh in on what Apple might do with its war chest, which totaled $256.8 billion in cash and […]

Microsoft slash thousands of jobs amid transformation

Microsoft slash thousands of jobs amid transformation

The logo of Microsoft is pictured in Issy-les-Moulineaux, France, August 8, 2016. REUTERS/Jacky Naegelen/File Photo (Copyright Reuters 2016) U.S. tech giant Microsoft (MSFT) announced Thursday it will lay off thousands of workers amid a massive global reorganization of its workforce. “Microsoft is implementing changes to better serve our customers and partners. Today, we are taking […]

Virgin Australia takes off for Hong Kong

Virgin Australia takes off for Hong Kong

Sir Richard Branson, Virgin Australia chief executive John Borghetti and other special guests celebrating the airline’s inaugural Melbourne-Hong Kong flight. (Virgin Australia) Virgin Australia flight VA87 has taken off from Melbourne bound for Hong Kong, marking the start of what chief executive John Borghetti describes as the airline’s Asian expansion. The flight, operated by Airbus […]