Category Archives: Companies

(CNBC) Apple’s iPhone 11 goes on sale with lines outside major stores around the world

(CNBC)

  • Apple’s new lineup of iPhones went on sale in retail stores around the world Friday.
  • Crowds gathered outside of Apple’s stores in Singapore, Sydney, Berlin and London, among other cities
  • Lines also formed outside New York’s new Fifth Avenue Store which reopened on Friday after renovations.  CEO Tim Cook greeted crowds there.
  • Some analysts have pointed to strong demand in pre-orders for the new smartphones, especially the $699 iPhone 11.

WATCH NOWVIDEO01:55Consumers wait in line to buy iPhone 11 in London

Apple will get a taste of whether upgraded features on the new iPhone 11 are enough to lure shoppers to retail stores around the world as the new smartphones officially hit shelves Friday.

At the Apple flagship store on Regent Street, a handful of diehard iPhone fans started waiting in line to purchase the new smartphones Thursday evening. As of 6 a.m. Friday, roughly 40 customers were waiting for the doors to open. The number started rising as Apple opened its doors.

There were also lines outside of Apple’s Fifth Avenue store in New York on Friday morning. The store officially reopens at 8 a.m. ET after two years of renovations. CEO Tim Cook greeted the crowd as he made his way inside.

Ella Bowman@EllaMatildaB

Wahoo! Tim Cook is in da haus! @Apple #AppleEvent @MousCase

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112:31 PM – Sep 20, 2019Twitter Ads info and privacySee Ella Bowman’s other Tweets

Among the features customers were most excited about: the triple-camera system on the iPhone 11 Pro and iPhone 11 Pro Max.

“Instead of buying a new camera, I prefer to upgrade my phone,” said Tarif Karanfil, who started waiting in line around 6am Friday morning to upgrade from the iPhone 7 to the iPhone 11 Pro Max.

GP: Apple lines London

Customers are applauded as they arrive to collect their pre-orders for new Apple products at the tech giant’s flagship store in Regent Street, central London.Jonathan Brady/PA Images via Getty Images

Images on Twitter showed crowds outside of Apple’s stores in Singapore, Sydney and Berlin, among other cities.

Ben Rudolph@BenThePCGuy

Always impressive how Apple inspires Fandom. This is the line outside the Sydney Apple Store on #iPhone11 launch day.

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78:22 AM – Sep 20, 2019Twitter Ads info and privacySee Ben Rudolph’s other Tweets

Fernando Montoya@montogeek

Berlin Apple Store line

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18:37 AM – Sep 20, 2019 · Berlin, GermanyTwitter Ads info and privacySee Fernando Montoya’s other Tweets

Spencer Chong@exynosx

#iPhone11 is only out tomorrow but there is already a line at the Singapore Apple Store and it is only going to be worse as the day passes!

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433:39 AM – Sep 19, 2019Twitter Ads info and privacy17 people are talking about this

Apple unveiled the new lineup iPhones earlier this month, touting the upgraded cameras, longer battery life, more durable screens and faster processors. Some analysts have pointed to strong demand in pre-orders for the new smartphones, especially the lowest-price $699 iPhone 11, as a positive sign for Apple heading into the crucial holiday quarter.

J.P. Morgan said Friday that it expected the iPhone 11 to be the largest driver of iPhone shipments over the next year. The investment bank also maintained its iPhone shipment forecast for 184 million units in 2019, with 195 million shipments of the smartphone expected in 2020.

Leading Apple analyst Ming-Chi Kuo said earlier this week the iPhone 11 appears to be attractive to buyers in China, a belief echoed by Chinese e-commerce firm Fenqile in an interview with CNBC. Strong demand for the new iPhones from Chinese consumers would be a positive sign for Apple, which has struggled to boost sales in the market in the past few quarters.

WATCH NOWVIDEO03:23iPhone 11 review: Lots of small improvements that add up to a solid phone

Some analysts expected demand for the iPhone 11 series would be more muted as consumers hold out for a 5G iPhone, which is expected to be released next year.

Global smartphones sales declined 2% in the second quarter, according to research from IDC, as consumers wait longer to buy new devices. Samsung was the biggest smartphone seller in the world as the second quarter, followed by Huawei then Apple.

(CNBC) Facebook working on smart glasses with Ray-Ban, code-named ‘Orion’

(CNBC)

  • Facebook has partnered with Luxottica to develop augmented-reality Ray-Ban glasses, sources familiar with the matter told CNBC. 
  • Facebook is hoping a partnership with Luxottica will result in the glasses reaching consumers by 2023, 2024 or as late as 2025. 
  • The glasses are internally codenamed Orion, and they are designed to replace smartphones, the sources said.
RT: Mark Zuckerberg F8 Developers Conference 190430 1

Facebook CEO Mark Zuckerberg makes his keynote speech during Facebook Inc’s annual F8 developers conference in San Jose, California, U.S., April 30, 2019.Stephen Lam | Reuters

Facebook has been working to develop augmented reality glasses out of its Facebook Reality Labs in Redmond, Washington, for the past couple of years, but struggles with the development of the project have led the company to seek help. Now, Facebook is hoping a partnership with Ray-Ban parent company Luxottica will get them completed and ready for consumers between 2023 and 2025, according to people familiar.

The glasses are internally codenamed Orion, and they are designed to replace smartphones, the people said. The glasses would allow users to take calls, show information to users in a small display and live-stream their vantage point to their social media friends and followers.

WATCH NOWVIDEO01:17Facebook enlists Ray-Ban maker to help develop ‘Orion’ smart glasses

Facebook is also developing an artificial intelligence voice assistant that would serve as a user input for the glasses, CNBC previously reported. In addition, the company has experimented with a ring device that would allow users to input information via motion sensor. That device is code-named Agios.

The company has hundreds of employees at its Redmond offices working on technology for the AR glasses, but thus far, Facebook has struggled to reduce the size of the device into a form factor that consumers will find appealing, a person who worked on the device told CNBC.

Given the long lead time, there’s no guarantee that the glasses will be completed on time or ever ship. But one person familiar with the project said that CEO Mark Zuckerberg has a strong interest in the glasses, and asked hardware chief Andrew Bosworth to prioritize them.

Facebook declined to comment. Luxottica did not immediately return request for comment.

Facebook is not alone in believing that smart glasses that superimpose computer-generated images over the real world will be the next big thing in computing. Already, Microsoft makes the HoloLens 2 headset, Snapchat parent company Snap sells its Spectacles glasses and Florida startup Magic Leap sells its Magic Leap One AR glasses, although none of these devices has become a hit. Apple is also reportedly working on a similar product that could hit the market as early as next year.

Luxottica is the parent company of Ray-Ban, Oakley and other sunglasses brands. The company has previously experimented with this technology, partnering in 2014 with Google to design, develop and distribute the Google Glass device.

(ZH) Older iPhones Reported ‘Breaking’ After Apple Unveils iPhone 11

(ZH)

Right after Apple announced the iPhone 11, numerous owners of older iPhones began to report device malfunctions reminiscent of a 2017 debacle in which the company admitted slowing the performance of older phones – ‘officially’ in order to extend their battery life. 

At the time, Apple said in a statement that it had “never – and wound never – do anything to intentionally shorten the life of any Apple product.” 

According to USA Today, however, the coincidences are piling up

“So, of course I’m suspicious that yesterday’s Apple announcement killed my current iPhone. It just stopped working. Awesome,” claimed Twitter user ZarduBen. 

Ben Acevedo@ZarduBen

So, of course I’m suspicious that yesterday’s Apple announcement killed my current iPhone. It just stopped working. Awesome. #Apple106:11 PM – Sep 11, 2019Twitter Ads info and privacySee Ben Acevedo’s other Tweets

“The new iPhone was just announced and my phone randomly stopped working,” user @secondhandcurls tweeted.

numjin @secondhandcurls

the new iPhone was just announced and my phone randomly stopped working36:02 AM – Sep 12, 2019Twitter Ads info and privacySee numjin ‘s other Tweets

jenna noel darosa@jdarosa115

iphone 11 was announced YESTERDAY and my phone is already acting up46:43 AM – Sep 12, 2019 · California, USATwitter Ads info and privacySee jenna noel darosa’s other Tweets

Desireé Meowington@DesireeMeoww

🤣
😩
😩

Swear I just said my phone has been acting up ever since they started talking about the iPhone 11 release . My 10 was working perfectly fine and then bam 512:29 PM – Sep 12, 2019 · Pittsburgh, PATwitter Ads info and privacySee Desireé Meowington’s other Tweets

Evan@evanbumgardner

I find it awfully convenient that the camera on my iPhone stopped working the day Apple announced new iPhones with fancier cameras92:14 PM – Sep 11, 2019Twitter Ads info and privacySee Evan’s other Tweets

And so on. All Apple can offer on the topic is the same “As batteries age” schpiel – however the flurry of sudden issues being reported would appear unrelated.  

Whether Apple practices the theory or not, its latest iOS 13 update will leave some iPhones and tablets behind. The older devices will still work, but they’ll miss out on security updates, which makes them more vulnerable to hacks.

Apple’s website lists several reasons why your iPhone’s performance may be lagging over time, and one of the main causes is aging batteries.

“All rechargeable batteries are consumables and have a limited lifespan – eventually their capacity and performance decline so that they need to be replaced,” Apple says on its website. “As batteries age, it can contribute to changes in iPhone performance.” –USA Today

So what’s going on? Perhaps suspicious users are more sensitive to phone issues surrounding new product announcements – or maybe, just maybe, Apple is nerfing their older phones to drive sales.

O.P. (ECO) “Estamos confiantes” que a SIC manterá liderança “durante muito tempo”, diz CEO da Impresa

O.P.

A SIC recupera o 1o lugar e mostra o seu novo poder financeiro e bem como arrasa a concorrência em qualidade de programas.

Estão a voar à frente dos outros.

Dá muito prazer em ver.

E dá prazer em ver que Filho de Peixe Sabe Nadar.

Parabéns Francisco Pedro Balsemão.

Francisco ( Abouaf) de Curiel Marques Pereira



(ECO) Francisco Pedro Balsemão considera que a SIC conseguirá manter a lideranças nas audiências “durante muito tempo”, porque foram tomadas “decisões importantes” nesse sentido.

Opresidente executivo da Impresa, que detém a SIC, está confiante que a estação televisiva conseguirá manter a liderança nas audiências “durante muito tempo”, lembrando que foram tomadas “decisões importantes” para alcançar este resultado, disse à Lusa.Impresa sobe 8% em bolsa. Quase duplica valor este ano Ler Mais

Questionado pela Lusa sobre as expectativas que o grupo tem para o final deste ano e para o próximo em termos do desempenho da SIC, principal ativo da Impresa, – e com o mote da apresentação da nova temporada da estação na segunda-feira – Francisco Pedro Balsemão diz que estão “bem preparados”.

“Há 12 anos que não éramos líderes, até fevereiro de 2019, e, portanto, o que nós queremos, para o que nós trabalhamos, é para ter o maior número de telespetadores na nossa antena e estamos muito contentes por ter conseguido fazê-lo. Estamos com uma diferença grande [em termos de share] em agosto para a nossa concorrência. Queremos manter esta liderança o máximo de tempo possível, temos todas as condições para o fazermos. Estamos bem preparados para o futuro, conta a nossa solidez financeira, o facto de estarmos todos no mesmo edifício, o facto de termos as melhores pessoas – digo eu – e a melhor tecnologia para o efeito”, disse à agência Lusa.

Em 02 de agosto, a SIC anunciou que aumentou as audiências em agosto, segundo dados da GfK/CAEM, liderando há sete meses consecutivos. A SIC aumentou para 5,1 pontos percentuais a distância para a TVI e lidera no ano de 2019 com 18,8% de share, afirmou em comunicado.

Tomámos uma série de decisões que foram importantes para alcançar este resultado da liderança: reafetámos recursos – não aumentámos orçamento de grelha -, poupámos em determinadas áreas para reafetar noutras áreas e investimos no novo edifício e em nova tecnologia e acho que foi fundamental ter toda a gente debaixo do mesmo teto [no mesmo edifício em Paço de Arcos], com melhores condições, a trabalhar em conjunto e, naturalmente, com uma nova dinâmica que se foi conquistando com a liderança – neste caso, também na informação Expresso e SIC. Trabalha-se de uma forma muito mais integrada. Isso é muito importante para este sucesso“, explicou ainda o CEO da Impresa.SIC aumenta lucros da Impresa. Ganha 3,5 milhões de euros Ler Mais

Em 05 de setembro, a SIC e a Altice Portugal assinaram um novo acordo para a distribuição dos canais da estação na plataforma da Meo, que é válido por mais três anos, anunciaram as empresas. “A renovação deste acordo é mais um passo muito relevante na relação entre as empresas, sendo que vem consolidar, uma vez mais, a qualidade da oferta dos melhores conteúdos televisivos aos clientes Meo, assim como, através da comunicação, da tecnologia e dos conteúdos, permitir a sua ligação ao país e ao mundo”, referiu a Altice Portugal, em comunicado.

“Numa altura em que a SIC é líder de audiências, com reforço do investimento em conteúdos, em diversificação de produto televisivo e numa nova estratégia e posicionamento, a Altice Portugal assume a sua satisfação com a assinatura deste acordo. Claramente, o investimento do grupo tem dado frutos, uma vez que a SIC generalista é hoje a estação mais vista pelos portugueses, tendo ainda na SIC Notícias uma referência no que diz respeito à informação que é feita em Portugal”, disse então o presidente executivo da Altice, Alexandre Fonseca, em comunicado.

Deste modo, a SIC continuará a estar presente em todos os ecrãs dos clientes Meo, em HD (alta definição), com uma vasta oferta de canais de televisão (SIC, SIC Notícias, SIC Radical, SIC Mulher, SIC K e SIC Caras).

(ECO) Portugal vai ter fábrica de 4×4. Ineos investe 300 milhões

(ECO) Portugal prepara-se para receber um investimento de 300 milhões de euros da Ineos. Multimilionário britânico Jim Ratcliffe quer arrancar produção de todo-o-terreno dentro de dois anos.

Portugal prepara-se para receber uma nova fábrica de automóveis, desta vez especializada na produção de veículos dedicados ao todo-o-terreno, avança o Jornal de Notícias (acesso pago). A Ineos quer produzir um modelo baseado do Land Rover Defender em Estarreja.

A empresa do multimilionário britânico Jim Ratcliffe prepara-se para fazer um investimento de 300 milhões de euros para a construção desta nova unidade que será dedicada a um modelo 4×4. Está previsto que sejam criados 600 postos de trabalho.PUBLICIDADE

A produção do modelo da Ineos em Estarreja deverá arrancar dentro de dois anos, de acordo com o JN.

A Ineos anunciou no arranque deste ano que pretendia lançar o Grenadier, um 4×4 “à séria” que pretende atrair os fãs do Defender, da Land Rover, que deixou de ser produzido.

A ideia da empresa do detentor da maior fortuna do Reino Unido é a de produzir 25 mil destes Grenadier por ano.

O modelo todo-o-terreno deverá contar com mecânica da BMW. Tanto o motor como a transmissão deste 4×4 deverão ser adquiridos à fabricante da Baviera.

(IrishTimes) UK’s Labour would cost companies £300bn by shifting shares to staff

(IrishTimes)

New figures have been put on the transfer of private wealth from shareholders to workers that Labour supports. Photograph: ANDY BUCHANAN/AFP/Getty Images

New figures have been put on the transfer of private wealth from shareholders to workers that Labour supports. Photograph: ANDY BUCHANAN/AFP/Getty ImagesShare to FacebookShare to TwitterShare to Email AppShare to LinkedIn

A Labour government would confiscate about £300 billion of shares in 7,000 large companies and hand them to workers in one of the biggest state raids on the private sector to take place in a western democracy, according to analysis by the Financial Times and Clifford Chance.

The UK’s 2.6m landlords would also face a moment of reckoning if Labour won the next general election after shadow chancellor John McDonnell said he wanted a “right to buy” scheme for private tenants as well as higher taxes on landlords.

With British politics in turmoil and the chances of a snap general election fast increasing, the FT is this week examining the consequences for the UK economy of a Labour government — which would be the most leftwing in modern history.The Labour leadership is determined to shift power away from bosses and landlords and to workers and tenants.

The £300bn share seizure would be the consequence of Mr McDonnell’s plans for “inclusive ownership funds”, where every company with more than 250 staff would have to gradually transfer 10 per cent of their shares to workers.The radical plan would see the transfer of 1 per cent a year of shares from shareholders to workers over 10 years.

Shares would be held and managed by workers, who would receive dividends up to £500 each per year. Any income beyond that level would be redistributed to the Exchequer, representing a stealth tax by the state.

Labour has never put an estimate on the scale of the transfer of private wealth from shareholders to workers that the policy would entail. But the FT and law firm Clifford Chance have sought to gauge the size of the policy by extrapolating data from the Office for National Statistics.

The ONS estimates that financial and non-financial corporations have a book value of £5.5tn. The national accounts do not separate out large companies, but 57 per cent of overall corporate turnover derives from large companies, according to the ONS. On that basis the value of large private sector companies is about £3tn — meaning Labour would expropriate £300 billion.

For comparison, the windfall tax by Tony Blair’s New Labour government on utility companies raised just £4.8bn.“There is no historic precedent for this,” said Dan Neidle, a partner at Clifford Chance. “We are in completely uncharted territory.”Mr Neidle predicted litigation from aggrieved companies and shareholders, challenges from other countries, including the US and China, potential WTO complaints and perhaps “retaliation in kind”.Matt Kilcoyne, of the Adam Smith Institute, called the share move “expropriation”. He added: “Our largest investors are pension funds and they’ll see billions of pounds wiped off their books. So we’ll all see the value of our pensions fall. It’s the biggest raid of all our nest eggs in living memory.”Mr McDonnell said greater employee ownership increased a company’s productivity and encouraged long-term thinking. “It’s right that we all share in the benefits that investment produces,” he said.

Meanwhile, the shadow chancellor has told the FT that he wants to see a new “right to buy” for millions of private tenants.Mr McDonnell said he wanted to “tackle the burgeoning buy-to-let market” to make it easier for workers to buy the homes they live in. He suggested the sum paid by tenants would not necessarily be the market price. “You’d want to establish what is a reasonable price, you can establish that and then that becomes the right to buy,” he said. “You (the government) set the criteria. I don’t think it’s complicated.”If a Labour government pushed ahead with the policy, it could be as totemic as Margaret Thatcher’s “right to buy” policy in the 1980s, which allowed millions of council tenants to buy the property they lived in.The idea of a private right-to-buy was mooted by Jeremy Corbyn, Labour leader, during his leadership bid in 2015 but it never became party policy. Reviving the idea as “great” and “radical”, Mr McDonnell said it could help reverse the problems caused by Thatcher’s policy.Since then, the number of council houses has fallen from 6.5m to just 2m. Research by Inside Housing, a magazine, found that about 40 per cent were now in the hands of private landlords.Landlords had failed to reinvest in properties and had made a “fast buck” at the cost of the community and their tenants, Mr McDonnell argued.“We’ve got a large number of landlords who are not maintaining these properties and are causing overcrowding and these problems. In my street now…a third of the houses are right-to-buy, badly maintained, overcrowded; it’s horrendous.”

(CNBC) Trump wants US companies to leave China. Here’s what it could mean for Chinese businesses

(CNBC)

  • Wei Jianguo, a former vice minister at the Ministry of Commerce, told CNBC on Sunday that while the Chinese side awaits a fair and equal trade deal, the country has made preparations to counter any negative impact from trade tensions.
  • Analysts noted that one consequence of the trade tensions may be that Chinese companies gain greater market share, at the expense of U.S. businesses.
  • While there are challenges to conducting business in China, leaving the market is not the answer, said Jake Parker, vice president of China operations at the U.S.-China Business Council.
Premium - Chinese denim factory

A Chinese denim factorySTR | AFP | Getty Images

BEIJING — As trade tensions rise, American firms are facing an increasingly complex environment in China, while Chinese companies are looking for ways to adapt — all that may present new opportunities for Chinese businesses, analysts say.

On Friday, China announced plans to impose additional duties on $75 billion worth of American goods on Sept. 1 and Dec. 15. In response, U.S President Donald Trump tweeted later that day his administration would also raise tariffs on $550 billion of Chinese imports.

The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.I’m convinced the China-U.S. trade tension … is a long-term situation.Wei JianguoFORMER VICE MINISTER, CHINESE MINISTRY OF COMMERCE

Although that adds to the burden on Chinese companies, which already face pressure from a slowdown in the domestic economy, data and other analysis indicate businesses in the mainland are finding ways to remain resilient — even if it sometimes means absorbing the costs of tariffs.

“I’m convinced the China-U.S. trade tensions is a long-term situation,” said Wei Jianguo, a former vice minister at the Ministry of Commerce. He told CNBC on Sunday that while the Chinese side awaits a fair and equal trade deal, the country has made preparations to counter any negative impact from trade tensions.

“We are not afraid,” Wei, who is currently vice chairman and deputy executive officer at Beijing-based think tank China Center for International Economic Exchanges, said in a Mandarin-language phone interview translated by CNBC.

He laid out four ways in which China is bolstering its own businesses. They are:

  1. Increasing government support;
  2. Opening channels to other international markets through programs such as free trade zones and the Belt and Road Initiative — a Beijing-led massive infrastructure project;
  3. Developing a higher-quality operating environment for state-owned and foreign enterprises; and
  4. Implementing policies such as tax and fee cuts.

WATCH NOWVIDEO01:47There aren’t good alternatives to Chinese suppliers: eLumigen

The world’s two largest economies have been embroiled in an escalating trade conflict for more than a year. While the dispute initially focused on the large U.S. trade goods deficit with China, the discussions have widened to complaints including unequal foreign access to the massive Chinese market and forced technology transfer.

What it means for China businesses

The latest retaliatory tariffs mark a reversal from an agreement between Trump and Chinese President Xi Jinping at their meeting in late June, when they agreed not to levy duties on goods from each other’s country.

“That breach, and the limited movement from the US in relaxing restrictions on Huawei, means that Xi has effectively given up on efforts to curry favor with Trump,” Michael Hirson, practice head, China and Northeast Asia, at consulting firm Eurasia Group, said in a note Saturday Beijing time.

“China’s leaders have likely not made a definitive decision yet to rule out a trade deal with Trump until after the US election, ” Hirson said. “However, they are increasingly skeptical about Trump’s viability as a negotiating partner and (are) no longer willing to make significant concessions to appease him.”In the short term, increased U.S. tariffs will have a negative impact on the profitability of Chinese enterprises. In the long term, if the China-U.S. trade tensions continue, they will impact the structure of the global industrial chain.Wang ZheSENIOR ECONOMIST AT CAIXIN INSIGHT

U.S. stocks plunged Friday, with the Dow Jones industrial average falling more than 600 points.

If investors are concerned about the impact of escalating trade tensions to American corporations, Chinese companies may start finding more business opportunities.

“In the short term, increased U.S. tariffs will have a negative impact on the profitability of Chinese enterprises,” Wang Zhe, senior economist at Caixin Insight, said last Monday in written commentary to CNBC.

“In the long term, if the China-U.S. trade tensions continue, they will impact the structure of the global industrial chain,” Wang added, according to a CNBC translation of the Chinese-language comments. “Of course, this will also force domestic companies to change their production methods and promote transformation and upgrading (of their operations).”

Analysts noted that another consequence of the trade tensions may be that Chinese companies gain greater market share, at the expense of U.S. businesses. Already, data and company reports indicate how Chinese companies are shifting agricultural purchases away from the U.S. to other countries, especially those in Latin America.

“For companies with sales exposure, they are absorbing some of the tariff cost or trying to pass it on, but they are losing business to competitors from other countries — something that is already happening,” said Jake Parker, vice president of China operations at the U.S.-China Business Council. “Ability to pass along those costs will depend on margin, availability of alternative sources, and supplier contract terms.”

Trump urges US firms to leave China

On Friday, Trump said in a tweet that U.S. companies “are hereby ordered to immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA. ” It was not immediately clear under what authority or how the president could implement such orders.

Donald J. Trump@realDonaldTrump · Aug 23, 2019

Our Country has lost, stupidly, Trillions of Dollars with China over many years. They have stolen our Intellectual Property at a rate of Hundreds of Billions of Dollars a year, & they want to continue. I won’t let that happen! We don’t need China and, frankly, would be far….

Donald J. Trump@realDonaldTrump

….better off without them. The vast amounts of money made and stolen by China from the United States, year after year, for decades, will and must STOP. Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing..56K3:59 PM – Aug 23, 2019Twitter Ads info and privacy33.8K people are talking about this

“If it does however result in US companies, to one degree or another, vacating the China market that would presumably open opportunities for Chinese companies to fill the void,” Stephen Olson, research fellow at the nonprofit Hinrich Foundation, said in an email Sunday.

More significantly, he said “such a move would be an unprecedented rupture in the trade and economic relationship between the two largest economies in the world” that would create uncertainty that’s bad for both Chinese and U.S. companies.

While there are challenges to conducting business in China, leaving the market is not the answer, said Parker.

“It is important to keep in mind that US business has been a positive example for progress in China … American companies bring ideas, values, and examples that are pervasive, consistent catalysts for progress,” said Parker. On the other hand, if U.S. companies left China, they would miss out on a major global growth opportunity.

“The only way to resolve the many challenges US companies face operating in the China market is for the two sides to continue negotiations and find a compromise that removes tariffs and sets the relationship on a more stable, predictable and constructive trajectory.”

China firms looking for ways to adapt

Trump’s administration has centered on tariffs as the primary tool of action in the trade dispute. But it’s not clear how effective they are in getting China to budge.

Analysis from Chris Rogers, researcher at Panjiva, the supply-chain research unit at S&P Global Market Intelligence, found that prices for some categories of goods — such as chemicals and furniture — dropped, as tariffs were applied.

”(Some) Chinese companies are cutting some of the prices at which they sell to the U.S.,” he said in a phone interview earlier this month.

Year-over-year change in US import prices from China by industry

Source: Panjiva, the supply-chain research unit at S&P Global Market Intelligence. Calculations based on figures by the U.S. Bureau of Labor Statistics.

Wei said Sunday that some Chinese companies were absorbing the cost of the tariffs, but not many. Rather, he said most businesses were waiting for some resolution in the trade talks.

Last week, Parker from the U.S.-China Business Council, also said that most companies were still evaluating how long tariffs will be in place before making significant business changes.

“Companies with supply exposure to tariffs are considering their options,” he said in an email Aug. 20. “Some are moving their sourcing. Some are maintaining their current supply chains and either deal with a cut in margins or pass on as much of the tariff cost as they can.”

The U.S. and Chinese trade delegations remain in communication, China’s Ministry of Commerce spokesperson Gao Feng said Thursday. The two sides held a high-level phone conversation on Aug. 13 and planned to hold a similar call within two weeks, ahead of an expected in-person meeting in September, Gao said last week.

P.O. (CBS) Russian company is first to sue Boeing to cancel 737 Max order and claim damages

P.O.
Is this the beggining of the end for Boeing as a manufacturer of civilian airplanes?
I believe it is.
I doubt that the Boeing 737 MAX will ever fly again.
If Boeing is found guyity thousands of them will follow siut.
And can’t see how it can be justifyed to put modern fuel efficient engines in an old fashioned and antiquated airframe.
If Boeing is found guilty the criminal law suits will certainly follow.
As i wrote in previous Personal Opinions (here and here) if Boeing was not a manufacturer of military aircraft it would be belly up in all probability.

Francisco ( Abouaf) de Curiel Marques Pereira


(CBS) A Russian aircraft leasing company confirmed Tuesday that it has filed the first U.S. lawsuit to cancel an order for 35 Boeing 737 MAX jets. Avia Capital Services (ACS), a subsidiary of state-owned Russian conglomerate Rostec, confirmed to AFP a report of the lawsuit in the Financial Times, which said it was the first civil action brought by a customer against the U.S. aerospace giant over the 737 Max.

The FT reported that ACS had filed the suit in Chicago claiming that Boeing had “intentionally” failed to disclose information about the airworthiness of the jet to its customers.

It accuses Boeing of negligence in selling the “defective” aircraft. ACS is seeking $115 million in compensatory damages, and several times that amount in punitive damages, the FT reported.

Boeing’s 737 Max was grounded indefinitely after two crashes killed a total of 346 people, one involving Indonesia’s Lion Air and the other involving an Ethiopian Airlines jet.

Boeing has developed a software upgrade to the 737 Max after problems with a flight handling system were tied to the crashes.

But the jet — the company’s best-selling aircraft — has still not been cleared by regulators for liftoff.

Boeing reported a loss of $2.9 billion for the second quarter of this year, its biggest loss ever as the 737 Max crisis dragged on.

That was in large part a result of a $4.9 billion charge taken by the company as it negotiates compensation deals with customers.

As CBS News correspondent Kris Van Cleave reported last month, if the 737 Max doesn’t take back to the skies by the end of the year, the continued grounding could force Boeing to further slow, or even halt production. Such a move by the nation’s largest exporter could send a ripple through the U.S. economy.

But CEO Dennis Muilenburg has raised the possibility the Max could be re-approved for passenger service by October. “It’s our job to make sure that they’re safe and we’ve learned from these two accidents,” he said.

In May, Muilenburg spoke to “CBS Evening News” anchor Norah O’Donnell. “We know it will take some time to earn and re-earn that public confidence, and the first step will be to get the Max up and flying safely,” he said.

Boeing is facing a growing list of lawsuits in the U.S., the latest filed July by the family of Army Captain Antoine Lewis, killed in the Ethiopian Airlines Flight 302 crash. They called on American, Southwest and United Airlines to drop the 737 Max from their fleets.

(ZH) Tesla Jumps After German Press Says Volkswagen Preparing Acquisition

(ZH) Elon Musk may have finally secured some of that precious financing he once claimed to have secured (roughly one year ago), though, according to a report in German business magazine Manager, things didn’t turn out quite like he had hoped.

Per the magazine, Tesla is getting ready for a takeover, perhaps by Volkswagen, as carmakers scramble to roll out rival electric cars.

Of course, given Musk’s track record, it’s important to take this news with a grain of salt – but Tesla shares are ripping higher in the premarket.

(JN) Portugueses metem vinhos de Berardo no pódio

(JN) A Sogrape e a Adega de Pegões são as que vendem mais garrafas nos supermercados, onde o domínio é alentejano, mas a novidade no último ano é a ascensão da Bacalhôa e da Aliança. Detida pelo empresário madeirense, a empresa de Azeitão tem mesmo a marca mais popular.

A polémica passagem de Joe Berardo pela comissão parlamentar de inquérito à Caixa Geral de Depósitos, no início de maio, gerou nas redes sociais apelos ao boicote de vinhos da Bacalhôa, Quinta do Carmo

(DN) Português vai liderar financeira do grupo Renault

(DN) João Miguel Leandro assume presidência executiva do RCI Bank a partir de 1 de setembro. Português também será administrador do grupo Renault.

O RCI Bank and Services, a financeira do grupo Renault, vai ser liderado por um português a partir de 1 de setembro. João Miguel Leandro foi o nome escolhido para suceder a Bruno Kintzinger como presidente executivo desta entidade, segundo uma nota de imprensa divulgada esta segunda-feira.

“A perícia de João Miguel Leandro na área financeira e bancária em França e no estrangeiro, além do seu conhecimento do negócio, ofertas e serviços no crédito automóvel são verdadeiras ativos para reforçar o contributo do RCI Bank and Services no desenvolvimento das marcas da aliança [Renault, Nissan, Mitsubishi”, destaca Clotilde Delbos, presidente do conselho de administração do RCI Bank and Services, citada no mesmo documento.

Nascido em 1972, João Miguel Leandro conta com um MBA pela Harvard Business School. Está na área financeira há mais de 20 anos, tendo passado pelo Banco Mello Investimentos, grupo Banco Mais, Crédit Agricole e banco Credibom.

João Miguel Leandro era, até agora, o vice-presidente executivo do Crédit Agricole Consumer Finance.

Além de ser o novo presidente executivo do RCI Bank and Services, este português vai ocupar um dos lugares da comissão executiva do grupo Renault.

João Miguel Leandro é o exemplo de mais um português com cargos de grande responsabilidade na indústria automóvel. Por exemplo, desde 2017, o português Carlos Tavares é o presidente executivo do grupo PSA (Peugeot-Citroën).

(ECO) Alexandre Soares dos Santos, o empreendedor político – António Costa

(ECO) O empresário deixa um grupo gigantesco, mas o que fica de mais importante não são os negócios, é a cultura de independência num país do “respeitinho” e de subserviência a quem manda.Seis ‘episódios’ de Soares dos Santos no ECO24 (em vídeo) Ler Mais

Alexandre Soares dos Santos deixou-nos muito mais do que o império económico, um grupo industrial e de distribuição internacionalizado e que vale milhares de milhões de euros. Do líder da Jerónimo Martins — na verdade, deixou de ser presidente mas nunca deixou de ser líder — fica uma forma de ser, uma forma de estar. Uma cultura. E uma liberdade e independência dos poderes político-partidários e de interesses. E nesse sentido, um verdadeiro empreendedor político que, quando falava, “obrigava” todos a ouvir, um político fora da política, legitimado pelo que fez e não pela função que tinha.

Agora é o tempo dos elogios, alguns fáceis, outros oportunistas, ao empresário — nunca gostou de ser “patrão”. Alexandre Soares dos Santos era de trato fácil, mas exigente, disciplinador, até. Comprou polémicas várias, porque nunca deixou de dizer o que pensava, e dizia-o à sua maneira, sem grandes cuidados, frontal e às vezes desconcertante. Sobre os partidos e os políticos, sobre os trabalhadores, sobre os sindicatos. Sobre os erros que o próprio grupo cometeu, quando entrou e saiu do Brasil. “Foi uma grande lição de humildade”, disse sobre esse fracasso, que, na verdade, foi o início de um grande sucesso, a Polónia.

Alexandre Soares dos Santos deixa-nos uma marca económica, um grupo que sempre quis familiar, mas o que fica de mais importante são outras coisas. É o empreendedorismo político, de cidadania, porque a política não pode ser um exclusivo dos políticos. É a cultura de exigência que vem do tempo em que, ainda novo, tem experiências internacionais quando Portugal era um país fechado e atávico, a profissionalização de métodos e processos, de modelos de organização, e especialmente a liberdade de pensar e de discutir, com independência, particularmente com a Fundação Francisco Manuel dos Santos (nome do avô que sempre assinalava), na qual a família já investiu mais de 74 milhões de euros. Talvez tenha sido a experiência internacional, talvez a sua natureza, com toda a certeza a independência financeira, mas Soares dos Santos não foi, nunca, de “respeitinhos” e de subserviência aos poderes que, com ele se confrontavam. E era por isso que a política e os políticos nunca gostaram muito de Soares dos Santos, por mais elogios que lhe façam por este dias, suportavam-no, porque precisavam mais dele do que o contrário.

Num tempo em que o poder empresarial, as elites, estão demasiado silenciosas perante o que (não) está a ser feito, num tempo em que os empresários e gestores deveriam ouvir-se, mas não se ouvem, num tempo em que o país vive para o curto prazo, a ausência de Alexandre Soares dos Santos acentua ainda mais esta dependência entre as empresas e a política, e permite sublinhados a linhas grossas do que foi Soares dos Santos até ao fim.

A independência e a liberdade de Soares dos Santos não era, nunca foi, um fim em si mesmo. Usava-a de forma consciente, e oportuna, com conhecimento de causa, fez, muitas vezes verdadeiros programas eleitorais, que só poderiam ser ditos, e defendidos, por quem não deve nada a ninguém, nem quer comprar ninguém.

Sendo um homem que já tinha feito tudo — disse isso mesmo em entrevista ao Observador em fevereiro deste ano –, a Alexandre Soares dos Santos preocupava particularmente o que as empresas estão a fazer para reter os jovens (o Trabalho foi, aliás, o tema do encontro da FFMS do ano passado). E isso diz quase tudo sobre como olhava para o futuro do país para lá do seu próprio.

  • “Um olhar cínico poderá ver neles apenas gerações sem capacidade de sacrifício, que se permitem idealismos à custa do que foram as duras vidas dos seus pais e avós. Essas gerações que viveram antes, e que, em tantos casos -em nome da necessidade imperiosa de sustentar a família – tiveram de sacrificar o significado que também procuravam no trabalho. (…) Vejo nestes jovens – e na necessidade de atraí-los e retê-los – o maior desafio que se coloca às empresas que queiram sobreviver ao século XXI. Não só porque eles serão, muito em breve, a esmagadora maioria da população activa mundial, mas sobretudo porque precisamos da sua ambição e da consciência social e ambiental que eles manifestam e trazem consigo”.

(CNBC) Trump says he talked to Apple CEO Tim Cook about tariffs and Samsung

(CNBC)

  • Trump said Cook made a “good case” that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in South Korea.
  • “I thought he made a very compelling argument,” Trump told reporters Sunday.
  • The president said on Friday he was having dinner with Apple’s CEO. 
GP: President Trump Participates In American Workforce Policy Advisory Board Meeting

U.S. President Donald Trump speaks with Tim Cook, chief executive officer of Apple Inc., during an American Workforce Policy Advisory board meeting in the State Dining Room of the White House in Washington, D.C., U.S., on Wednesday, March 6, 2019.Al Drago | Bloomberg | Getty Images

President Donald Trump said he talked to Tim Cook about tariffs and Apple’s South Korean competitor Samsung.

Trump said Cook made a “good case” that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in South Korea.

“I thought he made a very compelling argument,” Trump told reporters Sunday. The president said he was having dinner with Apple’s CEO on Friday. 

Trump has ordered 10% tariffs on an additional $300 billion in goods imported from China. Originally, all of those tariffs were scheduled to go into effect on Sept. 1, but Trump delayed some of the import duties until Dec. 15 over concerns about how they would impact the holiday shopping season.

“It’s tough for Apple to pay tariffs if it’s competing with a very good company that’s not,” Trump said.

The tariffs delayed until December include consumer electronics such as cell phones. Apple’s stock closed up 4% on Tuesday after Trump made that decision. 

Apple is expected to release its new version of the iPhone in September.

(Mirror) Facebook paid contractors to transcribe voice chats in Messenger app

(Mirror) Facebook claims the contractors were checking the accuracy of its voice-to-text service

Facebook
(Image: Getty)

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Facebook has been paying hundreds of outside contractors to transcribe voice chats carried out using the company’s Messenger app, it has emerged.

The contractors – many from outsourcing firm TaskUs – were able to hear Facebook users’ conversations, sometimes including “vulgar content”, according to Bloomberg .

They were not told where the audio was recorded or why it needed to be transcribed, only to transcribe it.

This led some contractors to feel their work was unethical, according to the people with knowledge of the matter.

Woman talking on mobile phone
(Image: Getty)
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Facebook has confirmed the anonymous reports that it has been transcribing users’ audio, and said it will no longer do so, following scrutiny of other companies.

“Much like Apple and Google , we paused human review of audio more than a week ago,” a spokesperson for the company said.

It added that contractors were checking the accuracy of Facebook’s voice-to-text service in Messenger, which uses artificial intelligence to transcribe conversations.

Users who were affected chose to have their voice chats transcribed in Messenger and granted access to their phone’s microphone for this purpose, according to Facebook.

However, they were not informed that clips of their conversations may be subjected to human review.

(Image: Bloomberg)
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Facebook’s data-use  policy states that its systems “automatically process content and communications you and others provide to analyse context and what’s in them.”

But it includes no mention of other human beings screening the content. 

The news comes after other major tech firms including Apple, Google and Amazon have all come under fire for their use of human workers to review voice recordings.

They claim that employees listen to these recordings in order to grade the responses of their AI voice assistants, and make them better at understanding and replying to users.

Apple and Google have both now paused their review programmes, and Amazon has given users the ability to opt out of having their voice recordings manually reviewed.

(BBG) Huawei’s Founder Wants an ‘Invincible Iron Army’ to Fight U.S.

(BBG)

Ren Zhengfei
Ren Zhengfei Photographer: Qilai Shen/Bloomberg

Huawei Technologies Co.’s billionaire founder intends to kick off a three- to five-year overhaul of the networking giant, creating an “iron army” that can help it survive an American onslaught while protecting its lead in next-generation wireless.

Major structural shifts are around the corner as U.S. sanctions threaten the survival of its cash-cow smartphone business, Ren Zhengfei warned in an internal memo seen by Bloomberg News and verified by a Huawei spokeswoman. The consumer business faces a “painful long march,” Ren wrote, a possible reference to the Communist Party’s historic cross-country trek.

China’s biggest technology company is grappling with an existential threat after Washington blocked Huawei from buying American technology, cutting off vital components from Qualcomm Inc. chipsets to Google’s Android operating software. Ren, 74, said an internal revamp was now needed to meet war-time needs, meaning organizations deemed unnecessary or redundant will be removed. He didn’t provide details about how such a restructuring might unfold.

“We have to complete an overhaul in harsh and difficult conditions, creating an invincible iron army that can help us achieve victory,” Ren wrote in the letter dated Aug. 2. “We absolutely have to complete this re-organization within three to five years.”

Ren, a former engineer with the People’s Liberation Army, has a penchant for militaristic language. The entrepreneur has spoken previously about a “strategic withdrawal” from certain markets in response to escalating U.S. scrutiny. Huawei itself hasn’t been clear about how Trump administration curbs would impact its 190,000-some employees worldwide but the company has begun to lay off U.S.-based staff, the Wall Street Journal has reported.

Read more: Huawei Takes a Step Toward Replacing Google’s Phone Software

Huawei reported slower sales growth in the second quarter compared to the first as the ban started to bite, especially into a consumer business encompassing smartphones and laptops. The company unveiled its in-house HarmonyOS last Friday, saying it can replace Android if Google’s software was barred from its future smartphones. But Ren said the company needed a lot more time to build an apps ecosystem, a major requirement for any operating software to thrive in the long run.

“Two bullets fired at our consumer business group unfortunately hit the oil tanks,” Ren said in his letter, without elaborating.

Still, Ren talked about Huawei’s edge against the U.S. in fifth-generation telecommunication technologies. The Chinese company’s dominance in 5G has been cited as motivation for a U.S. campaign to contain its ascendancy, because the technology is expected to propel future modern economies.

“The U.S. doesn’t use the most advanced 5G technology,” he wrote. “That may leave it lagging behind in the artificial intelligence sector.”

(Fox) FAA chief: Boeing 737 Max won’t fly until we’re sure it’s safe

(Fox) FAA Administrator Stephen Dickson on when he expects the Boeing’s 737 Max to return to the skies.

The new head of the Federal Aviation Administration reassured the American people that the BoeingOpens a New Window. 737 Max jets will not return to the skies until he is 100 percent certain it can safely fly again.

“This plane will not fly in commercial service again until I am completely assured that it is safe to do so,” FAA Administrator Stephen Dickson said during a swearing-in ceremony in Washington, D.C. Monday. “The FAA is not following any timeline for returning the aircraft to service.”

The Boeing 737 Max planes have remained grounded by aviation officials since mid-March as the company copes with the fallout of two fatal crashes that killed 346 people. Lion Air Flight 610 crashed last October shortly after takeoff in Indonesia. Investigators noted a malfunction in the Max 8 jet’s flight-control system, known as MCAS, caused the plane’s nose to be pushed down before it plunged into the Java Sea killing 189 people.

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BABOEING COMPANY332.94-4.61-1.37%

The same software was implicated in the crash of Ethiopian Airlines Flight 302 that killed 157 people on board in March.

Dickenson said the FAA will continue to be a safety-driven organization working together to retain and restore the trust of the American people.

“We are going where the facts lead us and diligently ensuring that all technology and training is present and correct before the plane returns to pass for service,” he said.