10 Things In Tech You Need To Know Today (AAPL, GOOG) | ||
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1. A new vulnerability has been discovered in Apple products. "WireLurker" is being used to install malicious apps on Macs and iPhones in China. 2. Lyft is suing its former COO. He defected to Uber and allegedly took a number of confidential documents with him. 3. A man accused of murdering his girlfriend and posting photos of the crime on 4chan has been arrested. He posted the gory photos on the infamous forum. 4. Apple could be developing a new 3D screen for the next iPhone. The company hasn't supported 3D displays in its products before. 5. Google has redesigned Google Maps and added Uber integration. You can now book restaurants and check Uber prices within the app. SPONSORED BY bRealTime, a division of CPXi 6. Apple has passed Samsung to become China's top mobile brand. It scores highest for both brand awareness and loyalty. 7. Spotify now makes more money for European artists than iTunes. Revenues for artists are now 13% higher than iTunes. 8. An Amazon exec says the company is "undeterred" by performance of the Fire Phone. The device has been selling poorly. 9. The CEO of Uber has admitted trying to sabotage arch-rival Lyft's fundraising efforts. The two companies are close competitors. 10. German publisher Axel Springer has caved in and allowed Google to index its articles. The group saw a large drop in traffic. Join the conversation about this story »  | ||
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Good morning! It's going to be a cold and rainy day in London and New York today. Here's the tech news you need to know today. War crimes court won't prosecute over Israel's Gaza flotilla raid | ||
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The Hague (AFP) - The International Criminal Court will not prosecute over Israel's raid on a Gaza-bound flotilla in 2010 in which 10 Turkish activists died, despite a "reasonable basis to believe" war crimes were committed. "The information available does not provide for a reasonable basis to proceed with an investigation of the situation on the registered vessels… that arose in relation to the 31 May 2010 incident," chief prosecutor Fatou Bensouda said in a statement Thursday. Join the conversation about this story »  | ||
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OECD trims growth forecasts and urges ECB to step up QE | ||
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Paris (AFP) - The OECD on Thursday urged the European Central Bank to step up support for the eurozone economy that its sees as posing a major risk to slowing world growth. "Given the very weak economy and the risk of deflation, the ECB should expand its monetary support beyond currently announced measures, building on the positive effects to date," the OECD said as the central bank held its monthly monetary policy meeting at which it was not expected to announce any new measures. "This should include a commitment to sizeable asset purchases (“quantitative easing”) until inflation is back on track," it said, adding that the purchases could include government bonds, which the ECB has so far shunned due to political sensitivities in Europe about the central bank underwriting government spending. The ECB has so far focused its monetary stimulus, designed to spur lending and investment by buying financial assets, on packages of loans known as asset-backed securities (ABS) and corporate bonds. The ECB said it could inject some one trillion euros ($1.25 trillion) into the economy in this manner, as a means to stem a slide in inflation. At 0.4 percent, inflation is way below the ECB's target of just under 2.0 percent and is flirting with deflation which leads to economic contraction and job losses. The OECD's chief economist Catherine Mann said that "overall, the euro area is grinding to a standstill and poses a major risk to world growth..." The Organisation for Economic Cooperation and Development, which provides economic analysis and advice to its industrialised country members, lowered its forecast for global growth this year by a tenth of a percentage point to 3.3 percent. For 2015 it cut the forecast by two tenths of a point to 3.7 percent growth. With a debate ranging in Europe over whether to let up on austerity measures, the OECD said "all room to engage fiscal policy must be exploited". It left in place its forecast for the 18-nation eurozone to grow by 0.8 percent this year and by 1.1 percent in 2015. Join the conversation about this story »  | ||
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Check Out The Remarkable Signature One Of The World's Most Powerful Bankers Used When Pushing Countries Around... | ||
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One of the news items floating around the global finance industry this morning is a letter the former head of the European Central Bank, Jean-Claude Trichet, wrote to the finance minister of Ireland during the financial crisis. In the letter, which you can read here, Trichet made clear that if Ireland wanted a bailout, it was going to have to publicly humiliate itself by asking for one. The content of the letter is interesting, for the reasons BI's Tomas Hirst explains here, but the Wall Street Journal's Katie Martin noted something else that was startling about it: Trichet's signature. If you're going to throw your weight around and make giant companies and countries tremble and kiss your ring, you might as well do it in style. And Mr. Trichet certainly does:
As Katie Martin observed, with only a bit of added notation, the signature can be transformed into the symbol it was:
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10 Things In Tech You Need To Know Today (AAPL, GOOG) | ||
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1. A new vulnerability has been discovered in Apple products. "WireLurker" is being used to install malicious apps on Macs and iPhones in China. 2. Lyft is suing its former COO. He defected to Uber and allegedly took a number of confidential documents with him. 3. A man accused of murdering his girlfriend and posting photos of the crime on 4chan has been arrested. He posted the gory photos on the infamous forum. 4. Apple could be developing a new 3D screen for the next iPhone. The company hasn't supported 3D displays in its products before. 5. Google has redesigned Google Maps and added Uber integration. You can now book restaurants and check Uber prices within the app. SPONSORED BY bRealTime, a division of CPXi 6. Apple has passed Samsung to become China's top mobile brand. It scores highest for both brand awareness and loyalty. 7. Spotify now makes more money for European artists than iTunes. Revenues for artists are now 13% higher than iTunes. 8. An Amazon exec says the company is "undeterred" by performance of the Fire Phone. The device has been selling poorly. 9. The CEO of Uber has admitted trying to sabotage arch-rival Lyft's fundraising efforts. The two companies are close competitors. 10. German publisher Axel Springer has caved in and allowed Google to index its articles. The group saw a large drop in traffic. Join the conversation about this story »  | ||
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