Tag: tech

Turkey to shun US electronics including I-Phone (7.1 m users in Turkey) punitive amid rising trade tensions

Turkey President Tayyip Erdogan announced today that the country would boycott all electronics from the United States after President Donald Trump slapped new tariffs on the region that caused the Turkish currency (the lira) to hit an all-time low.

The announcement, which specifically targeted Apple, comes amid rising trade tensions between the two countries (and leaders), but it will barely touch the tech giant.

“If they have iPhone, there is Samsung on the other side. We have Vestel Venuüs in our country,” Erdogan said, referencing a Turkey-based smartphone manufacturer during the announcement to members of his national conservative Justice and Development Party.

“Together with our people, we will stand decisively against the dollar, forex prices, inflation and interest rates. We will protect our economic independence by being tight-knit together.”

The problem with Erdogan’s new strategy is that it will have a much greater effect on the Turkish people than any U.S. company. In other words, Turkey relies on Apple more than Apple relies on Turkey.

Only 2.08 percent of Turkish smartphone users owned a Vestel last December, while 17.41 percent owned Apple iPhones.

That means of the 41.09 million projected smartphone users in Turkey last year, 7.15 million of them used Apple, which is only 1.02 percent of the conservative estimate of more than 700 million iPhone users in the world.

 

Putting that into context, that means there are more than 8.5 times more iPhone users worldwide than there are people in Turkey.

The U.S. and China comprise Apple’s two biggest markets, so this would be a much bigger deal — for both Apple and America — if this electronics ban came from China. Of course, the U.S. is also feuding with over trade, so it’s not outside the realm of possibility.

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“CASH ONLY” signs placed in major Retail across UK amid Visa outage

Abandoned baskets and “cash only” signs at Morrison branch

 

 

 

Worlds best female CEO’s in tech industry

2018 technology industry trends

In an age of digital disruption, technology companies face increasing pressure to improve time to market and ensure their offerings are best in class.

“Buy, build, partner” models and M&A strategies can help companies gain a competitive edge in growth areas like cloud, cognitive computing, and data analytics.

In Deloitte’s 2018 Technology Industry Outlook, Paul Sallomi, US and global technology sector leader, examines current technology industry trends and answers three key questions:

  1. Where do you see opportunities for growth in 2018?
  2. Which strategies are tech companies using to facilitate growth?
  3. What should businesses be mindful of as they plan for growth?

Marillyn Hewson

President Trump has called Lockheed’s F-35 fighter-jet program too expensive, the Commander-in-Chief remains an invaluable—if fickle—ally for the company, which counts the U.S. government as its biggest customer.

Lockheed’s stock price has risen some 26% over the past year, handily beating the S&P, while revenue jumped 17% in 2016.

Sheryl Sandberg

Her book about grief and the loss of her husband, Option B, topped the bestseller list this spring.

 While Facebook and its Internet peers grappled with how to handle fake news and online hate groups, the fiery political environment pushed Sandberg to speak up more frequently about issues important to her, including women’s health and immigration reform.

 Safra Catz

 In her spare time she oversees a $3.5 billion company investment in STEM initiatives and was on President Trump’s transition team. Catz also spearheaded the 2016 $9.3 billion acquisition of NetSuite, the largest deal in Oracle’s history.The division, Oracle’s ­fastest-growing, brought in $4.6 billion in the company’s last fiscal year, up 60% from the one prior.

Phebe Novakovic

Novakovic’s push to expand cyber security capabilities has been a boon, helping GD land new contracts and record operating earnings and margins last year.

Novakovic now runs a government contractor a third more valuable than it was a year ago, sales fell slightly in 2016 as defense spending shifted toward aircraft and weapons systems and away from the boots-on-the-ground technology in which the company specializes.

Meg Whitman

five years since unveiling her plan to rescue HP, Whitman—who was a finalist for the Uber CEO job—is now under pressure to deliver on the promised results,  which specializes in servers and networking systems, are still decreasing, even as its profits have started growing again.

 two years after cleaving HP in half in the biggest split by revenue in corporate history, Whitman has continued trimming divisions off the piece she still runs.

Ursula Burns

 Burns is the first women to succeed another woman as head of a Fortune 500 company and is rated by Forbes as 22nd most powerful women in the world.

 She then went on to become executive assistant, assistant to the chairman, vice president and senior vice president before she was named CEO in 2010.Burns graduated from New York University in 1980 with a Bachelor of Science degree in Mechanical Engineering and then on to obtain a masters.

Amy HoodUrsulaBurns

 

Hood was then announced as the company’s CFO in 2013. She is currently number 51 in the Forbes world’s 100 most powerful women.

Hood started her career with Goldman Sachs in investment banking and capital market group’s roles. Hood graduated from Duke University with a bachelor’s degree in economics and then obtained an MBA from Harvard University.

Angela Ahrendts

She then went on to join Apple in 2014 as senior vice president for retail and online stores and is the only female senior executive at Apple.

Ahrendts studied merchandising and marketing at Ball State University in 2010 and then moved to New York to work in the fashion industry. She worked for brands such as Warnaco, Donna Karan and Henri Bendel and then joined Burberry in 2006 as CEO.

Susan Wojcicki

The huge success of Susan Wojcicki shows how influential women in tech can be for the world’s biggest companies.

She handled two of Google’s largest acquisitions- the $1.65 billion purchase of YouTube and the $3.6 billion purchase of DoubleClick and then became CEO of YouTube in 2014. Wojcicki became Google’s first marketing manager in 1999 and then became senior vice president of Advertising and Commerce. After overseeing Google Video, she proposed that Google should buy YouTube.

Wojcicki grew up on the Stanford University campus as her father was a professor there.

Ginni Rometty

In 2011 it was announced that she was to become the company’s next president and CEO. In 2012 she then also became chairman of IBM.

she championed the purchase of the big business consulting firm- PricewaterhouseCoopers consulting, as well as becoming senior vice president for sales, marketing and strategy.

 In 1979 she went to work for General Motors Institute and then in 1981 went on to join IBM as a systems engineer.

 

China caution US amid investigating foreign firms transfer technology

Trump ordered U.S. trade officials in August to investigate whether Beijing uses market access restrictions or other tools to compel foreign companies to hand over technology. A decision is expected as early as this month, though American officials have set no date.

“If the United States insists on unilateral and protectionist practices that will undermine the interests of China, we will take all necessary measures and resolutely safeguard the legitimate rights and interests of China,” Gao said at a regular briefing.

If the investigation concludes Beijing acted improperly, Washington could seek remedies either through the WTO or outside of it.

The United States is disrupting the international trading order by carrying out the “Section 301” investigation under its own laws instead of through the World Trade Organization, said Commerce Ministry spokesman Gao Feng

Image result for US CHINA trade deals firms tech transfer

China mostly banned Silicon Valley companies because of this reason

In such a tech era where everything is pinching towards digital medium, one cannot even imagine living life without websites such as Google, Youtube, Netflix or Twitter, China has banned all such foreign companies.

Ever since the Chinese Government banned Facebook in 2009, Mark Zuckerberg has been making annual trips there attempting to persuade its leaders to let his company back in. He learned Mandarin and jogged through the smog-filled streets of Beijing to show how much he loved the country. Facebook even created new tools to allow China to do something that goes against Facebook’s founding principles — censor content.

But the Chinese haven’t obliged. They saw no advantages in letting a foreign company dominate their technology industry. China also blocked Google, Twitter, and Netflix and raised enough obstacles to force Uber out.

Image result for silicon valley

Chinese technology companies are now amongst the most valuable — and innovative — in the world. Facebook’s Chinese competitor, Tencent, eclipsed it in market capitalization in November, crossing the $500 billion mark. Tencent’s social-media platform, WeChat, enables bill payment, taxi ordering, and hotel booking while chatting with friends; it is so far ahead in innovation that Facebook may be copying its features. Other Chinese companies, such as Alibaba, Baidu, and DJI, are racing ahead in e-commerce, logistics, artificial intelligence, self-driving cars, and drone technologies. These companies are gearing up to challenge Silicon Valley itself.

The protectionism that economists have long decried, which favors domestic supplies of physical goods and services, limits competition and thereby the incentive to innovate and evolve. It creates monopolies, raises costs, and stifles a country’s competitiveness and productivity. But this is not a problem in the Internet world.

china chip

Over the Internet, knowledge, and ideas spread instantaneously. Entrepreneurs in one country can easily learn about the innovations and business models of another country and duplicate them. Technologies are advancing on exponential curves and becoming faster and cheaper — so every country can afford them. Any technology company in any country that does not innovate risks going out of business because local startups are constantly emerging that have the ability to challenge them.

Chinese technology protectionism created a fertile ground for local startups by eliminating the fear of foreign predators. And there was plenty of competition — coming from within China.

Silicon Valley’s moguls openly tout the need to build monopolies and gain an unfair competitive advantage by dumping capital. They take pride in their position in an economy in which money is the ultimate weapon and winners take all. If tech companies cannot copy a technology, they buy the competitor.

Amazon, for example, has been losing money or earning razor-thin margins for more than two decades. But because it was gaining market share and killing off its brick-and-mortar competition, investors rewarded it with a high stock price. With this inflated capitalization, Amazon raised money at below market interest rates and used it to increase its market share. Uber has used the same strategy to raise billions of dollars to put potential global competitors out of business. It has been unscrupulous and unethical in its business practices.

Though this may sound strange, copying is good for innovation. This is how Chinese technology companies got started: by adapting Silicon Valley’s technologies for Chinese use and improving on them. It’s how Silicon Valley works too.

Steve Jobs built the Macintosh by copying the windowing interface from the Palo Alto Research Center. As he admitted in 1994, “Picasso had a saying, ‘Good artists copy, great artists steal’; and we have always been shameless about stealing great ideas.”

Apple usually lags in innovations so that it can learn from the successes of others. Indeed, almost every Apple product has elements that are copied. The iPod, for example, was invented by British inventor Kane Kramer; iTunes was built on a technology purchased from Soundjam, and the iPhone frequently copies Samsung’s mobile technologies — while Samsung copies Apple’s.

Facebook’s origins also hark back to the ideas that Zuckerberg copied from MySpace and Friendster. And nothing has changed since Facebook Places is a replica of Foursquare; Messenger video duplicates Skype; Facebook Stories is a clone of Snapchat, and Facebook Live combines the best features of Meerkat and Periscope. Facebook tried mimicking Whatsapp but couldn’t gain market share, so it spent a fortune to buy the company (again acting on the Silicon Valley mantra that if stealing doesn’t work, then buy).

China opened its doors at first to let Silicon Valley companies bring in their ideas to train its entrepreneurs. And then it abruptly locked those companies out so that local business could thrive. It realized that Silicon Valley had such a monetary advantage that local entrepreneurs could never compete.

America doesn’t realize how much things have changed and how rapidly it is losing its competitive edge. With the Trump administration’s constant anti-immigrant rants, foreign-born people are getting a clear message: Go home; we don’t want you. This is a gift to the rest of the world’s nations because the immigrant exodus is boosting their innovation capabilities. And America’s rising protectionist sentiments provide encouragement to other nations to raise their own walls.

Yahoo revealed something shocking

Back in 2013, hackers had stolen information covering more than one billion of its accounts. Today, the consolidated organization reported that further examination uncovers the 2013 hack influenced the greater part of its accounts that existed at the time – around three billion. The data spilled because of this hack did exclude passwords in content, Visa or bank data. Be that as it may, since the passwords were encoded in an old way, the passwords can be extricated out of the encryption.

For clients being advised of the hack now, the warning is that their data is incorporated. At the time the breach was first declared, Yahoo required everybody who had not reset their passwords since the breach to do as such. As per the FAQ posted, it doesn’t show up there’s any new move being made.

The declaration isn’t certain regarding why or how it decided the breach was so substantially bigger – or how it was missed in the first measurable investigation, or how this occurred in any case – likely because of pending claims over the issue. This area of the announcement is all it would state:

Resulting to Yahoo’s procurement by Verizon, and amid combination, the organization as of late got new knowledge and now thinks, following an examination with the help of outside scientific specialists, that all Yahoo client accounts were influenced by the August 2013 burglary. While this isn’t another security issue, Yahoo is sending email notices to the extra influenced client accounts. The examination demonstrates that the client account data that was stolen did exclude passwords in clear content, installment card information, or ledger data. Be that as it may, the data was ensured with obsolete, simple to break the encryption, as per scholastic specialists. It additionally included security inquiries and reinforcement email addresses, which could make it less demanding to break into different accounts held by the users.The organization is proceeding to work intimately with law implementation.

Elon Musk is striving for the best he could

What comes in your mind as you think of some one who strives to make this planet sustainable for coming generations. The man who intends to swap everything that hurts planet with the one that enhances planet life anyway. Yes, Elon Reeve Musk is an American business visionary, creator, and speculator. He is best referred to for his part as CEO of electric-auto producer Tesla Motors and as a fellow benefactor of online cash exchange framework PayPal, and of business space program SpaceX. He has dipped himself in various projects whether you name PayPal or Tesla, Hyperloop or Space X.

His one of the project, he is focused on is to build a network of underground transport of dedicated track which is under pilot test in California.

HyperloopTT_station-1.jpg

Elon was born in South Africa, where he spent his youth and youthfulness. He was raised fundamentally by his dad, who was an architect. Elon wound up plainly inspired by PCs at a youthful age and started programming in his teenagers. After secondary school, Elon immigrated to Canada, where he went to school, and later exchanged to the University of Pennsylvania in the United States. When he was 24, he got just days into Ph.D. learns at Stanford University when he chose to leave and begin the first of what turned into a progression of multi-million-dollar business wanders with his brother, he began Zip2 with just $2,000, an organization that helped other people post substance, for example, maps and index postings.

Elon Musk is essentially known for the part he played in establishing the broadly known electronic cash exchange site Paypal.com. In spite of the fact that the organization been the subject of a few contentions, it remains the most confined in the medium for Internet business. Nowadays, Musk applies a similar creative energy and capacity to advance that he used to make PayPal a win to his authority of Tesla Motors, of which he is by and by the director. The little car producer seems, by all accounts, to be on the precarious edge of significant leaps forward the business, looking to make usable, pragmatic electric autos that can really rival gas controlled vehicles. Musk, a designer, has had a necessary influence in the improvement of the organization’s leader vehicle, the Tesla Roadster.

spacee.jpg

 

Musk posted the photo on his Instagram account and from that point forward it is making a buzz in tech and logical circles. The photo demonstrates a man wearing the suit and is standing appropriate by the crew dragon case — a space vehicle which the organization is making to send space travelers to international space station. A while back, SpaceX and Boeing held hands with NASA in a cost-sparing organization to give a help and more affordable go to the ISS for their Commercial Crew Program.

 

Spacesuit looks cool and smooth. The primary full-body picture uncovers the gloves, grasp what’s more, boots outline for the first run through. The boot looks lightweight — meaning it will help space explorers amid portability. In addition, at a more intensive look, there are dark cushioned ranges at the back of space suit’s shirt and gasp, which may be intended to give solace to space explorers while they sit in the case.

 

The suit looks more like a defensive suit of expert bikers rather than a space suit. Be that as it may, it won’t be utilized for spacewalks yet will be worn by space explorers while they are in the case. Moreover, it will secure space explorers in the event of loss of lodge weight in-flight. The space suit is not a mockup rather it has been tried in twofold vacuum weight and is in working condition.

 

Musk said that he will release more data with respect to the space suit soon