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Meltdown and Spectre: All Macs, iPhones and iPads affected

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It emerged this week that tech companies have been racing to fix the Meltdown and Spectre bugs, that could allow hackers to steal data. Apple said it had already released some patches but there was no evidence that the vulnerability had been exploited. But it advised downloading software only from trusted sources to avoid "malicious" apps. Mac users have often believed that their devices and operating systems are less vulnerable to security issues than, for example Android phones or computers running Microsoft systems. But the Meltdown and Spec... Read More »

Apple could easily buy Netflix Now, but here’s why it would be a surprising move

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With the newly passed tax cuts, Apple Inc. (AAPL) has an embarrassing amount of cash at its disposal. Among the uses for its windfall, Citigroup Inc. suggested in a recent note that the company could turbocharge its video strategy, which has struggled at times, by purchasing Netflix Inc. (NFLX) . Shares of Netflix gained about 4.8% to $201.07 on Tuesday, amid speculation about the company's fate and an upgrade from Macquarie Capital.  The gains put Neflix's market cap at just over $87 billion. Even if Apple paid a 20% takeover premium, the r... Read More »

Apple leads race to become world’s first $1tn company

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The race is on to become the world’s first trillion-dollar company, with all eyes fixed on tech giants such as Apple, Amazon, Facebook and Alphabet, the parent company of Google. Financial commentators and investors predict 2018 will herald the first firm with a stock market valuation of $1tn (£738bn) or more, if technology share prices continue to rise as strongly as in 2017. Apple is leading the way, with a market valuation of $869bn on Tuesday, a figure arrived at by multiplying the company’s share price by the number of shares in circ... Read More »

Tim Cook required to fly only by private jet

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In documents filed with the US markets regulator, Apple said the policy was "in the interests of security and efficiency". Apple reported that Mr Cook's personal travel expenses came to $93,109 (£69,253) in 2017. His personal security expenses came to $224,216, the tech giant added. In 2017, the chief executive's salary was just over $3m. He also received $9.3m in bonuses, plus $89m of shares that were promised to him if he met certain targets. Apple's market capitalisation rose to $868bn in November, making it the world's most valuable publ... Read More »

Tesla’s Elon Musk promises pick-up truck and new features

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Elon Musk made the promise on Twitter after asking his followers for suggestions about how the firm could improve. He said the open-backed truck would follow the Model Y - a yet-to-be detailed car, which is expected to be based on its Model 3 sedan. But experts note Tesla has suffered repeated delivery delays. That has led some to question whether the loss-making company can meet its existing commitments - which also include a forthcoming articulated lorry and sports car. Mr Musk also made several promises about new features Tesla intends to... Read More »

Gambling-style apps offered on Facebook without age checks

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The company behind thousands of the UK’s fixed-odds betting terminals (FOBTs) is offering gambling-style apps on Facebook without age checks, prompting allegations that children are being exposed to the risk of addiction. Earlier this month, the industry watchdog warned that more than 60,000 children were either gambling addicts or were in danger of becoming hooked. Experts have warned that games mimicking real-life gambling are the “number one risk factor” for developing a problem later in life. Tom Watson, Labour’s deputy leader, who ha... Read More »

Which big names in business are 2018’s ones to watch?

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Michael O’Leary In 2011, the chief executive of Ryanair, Michael O’Leary, outlined his pitch for one of the most sought-after honours in the world: “There hasn’t been a war in Europe for 50 years, because they’re all too busy flying on Ryanair. I should get the Nobel peace prize – screw Bono.” Shamefully, the Nobel committee continues to overlook O’Leary as a potential laureate, although he is increasingly being recognised in other areas. Having admitted that his company may not always have treated its passengers quite as they hoped, O... Read More »

World’s Biggest Education Market Is Opening For Business

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Successive reforms of strict prohibitions on foreign-owned schools has seen the number of students enrolled in international schools rise, with the Chinese market now the largest in the world. And the most lucrative end of the market is in line for a significant fillip in 2018 following changes introduced this year. Suspicion of western influence has been behind a historical reluctance on the part of the Chinese authorities to allow international schools to gain anything more than a toe-hold in the country. Access was generally denied to Chi... Read More »

Chinese skyscraper to be auctioned online

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A 156m (511ft) skyscraper in northern Shanxi province has been listed on Taobao, China's largest e-commerce website, by a local court. The 76,000 sq m repossessed building is due to go on the block on 2 January, with a sky high asking price of 553m yuan ($84m; £62m). The site said online auctions helped with transparency in property sales. Construction on the building first began in 2006 and was due to be completed by 2011, according to Chinese state media outlet Xinhua. However, the developer ran into funding troubles. The building was even... Read More »

Obama warns against ‘irresponsible’ social media use

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He warned that such actions were distorting people's understanding of complex issues, and spreading misinformation. His successor Donald Trump is a prolific user of Twitter, but Mr Obama did not mention him by name. Mr Obama was quizzed by Prince Harry on BBC Radio 4's Today programme. The ex-president said those in positions of power should be careful when posting messages, warning that social media is distorting civil discourse. He expressed concern about a future where facts are discarded and people only read and listen to things that reinfo... Read More »

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