Business

Samsung fined $5.7 million for slowing down phones, Apple style

In a statement , the antitrust group said that both Apple and Samsung firmware updates "had caused serious dysfunctions and reduced performance significantly". Again, neither companies disclosed users this was happening nor did they provide any way restore the original functionality. Samsung was fined €5m for its Android Marshmallow 6.0.1 update which was intended for the Galaxy Note 7 but which lead to the Note 4 malfunctioning due to the upgrade's demands.

Business

$1.6B up for grabs in tonight's Mega Millions lottery drawing

After sundry federal and state taxes and fees, the victor can expected to get about 60 per cent of the payout if he or she accepts it in one lumpsum, instead of the option of taking it in equal installments over 30 years. "I'm going against the grain". "I'd probably fall over dead". If this can go past $1.6 billion this would be fantastic. That would leave me with "just" over $570 million, assuming I took the lump sum.

Business

Saudi Arabia reassures boycotting banks, prince to address forum

Turkish President Recep Tayyip Erdogan told his nation's Parliament on Tuesday the killing was "pre-planned and premeditated" . Also, US Vice-President Mike Pence described the killing as "barbaric". Saudi officials - after weeks of denials - now concede that he died, but they say it happened accidentally in a fight at the consulate. It comes after Turkey's president earlier said Mr Khashoggi's body had not been found and demanded Saudi officials reveal its whereabouts.

Business

Saudi Arabia offers Pakistan $3 bln in support plus deferred oil payments

But the situation changed when Khan on Monday dashed to Riyadh to attend a Saudi-sponsored worldwide investment economic forum despite its boycott by the European and American investors in the wake of murder of journalist Jamal Kashoggi. "The Saudi government will have to come up with an answer..." "One thing Pakistan needs more than any other country right now is peace and security", Khan was quoted by Reuters as saying.

Business

Oil rises above US$80, Saudi Arabia plans output increase

Oil traded at its lowest in more than a month after Saudi Arabia reiterated plans to raise output and as tumbling equities weakened sentiment. Brent crude futures have now followed WTI following yesterday's plunge which sees the Brent curve now in contango of -$0.03.

Business

Numbers drawn for record $1.6B Mega Millions jackpot

Tuesday night's Mega Millions jackpot is the largest in Mega Millions history and predicted to possibly be the largest in all USA jackpot history (the next largest was the $1.6 billion Powerball jackpot from 2016.) Jackpots' getting this big are rare events, but is there a chance it might grow even larger? Someone has won a world-record $US1.6 billion ($2.2 billion) Mega Millions jackpot in the United States - and it's possible the world will never know their identity.


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