Tag Archives: years

1 Billion Android Devices Are More Than 2 Years Out of Date

This site may earn affiliate commissions from the links on this page. Terms of use. Google launched Android in 2008 on a single phone, but the platform was designed to be adaptable and freely available. Anyone can download the open source code and make changes to it. This has led to massive success for Android, which is now the most popular computing platform on the planet. At the same time, Google’s open approach has contributed to the development of a fractured user base. The problem only seems to be getting ...

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First CO2 rise in four years puts pressure on Paris targets

Global emissions of CO2 in 2017 are projected to rise for the first time in four years, dashing hopes that a peak might soon be reached. The main cause of the expected growth has been greater use of coal in China as its economy expanded. Researchers are uncertain if the rise in emissions is a one-off or the start of a new period of CO2 build-up. Scientists say that a global peak in CO2 before 2020 is needed to limit dangerous global warming this century. The Global Carbon Project has ...

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First UK interest rate rise in 10 years

Media playback is unsupported on your device For the first time in more than 10 years the Bank of England has raised interest rates. The official bank rate has been lifted from 0.25% to 0.5%, the first increase since July 2007. The move reverses the cut in August of last year – made in the wake of the vote to leave the European Union. Almost four million households face higher mortgage interest payments after the rise, but it should give savers a modest lift in their returns. As well as ...

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Former HSBC trader faces 20 years for running up client fees

Martin Shkreli guilty of securities fraud A former top currency trader at HSBC faces up to 20 years in federal prison after being found guilty of conspiracy and wire fraud Monday. The federal court jury in Brooklyn found the 51-year old trader, Mark Johnson, guilty of executing trades in a way that drove up costs for a client. As a result, one client was charged an extra $ 8 million on $ 3.5 billion in currency trades, according to court documents. Johnson, a U.K. citizen and resident of both the ...

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Animal cruelty sentences to rise to five years in prison

People in England who commit the most serious crimes of animal cruelty could face up to five years in prison, the government has said. The move – an increase on the current six-month maximum sentence – follows a number of cases where English courts wanted to hand down tougher sentences. Environment Secretary Michael Gove said it would target “those who commit the most shocking cruelty towards animals”. The RSPCA said it would “deter people from abusing and neglecting animals”. Worst cases Under the government’s plans, courts will retain the ability ...

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Dow notches longest quarterly win streak in 20 years

Trump’s shifting views on stock market highs The stock market, undaunted by monster hurricanes, political tension and North Korea threats, keeps climbing to new heights. The Dow soared another 5% during the third quarter, which ends for Wall Street on Friday. The strong gains extend the Dow’s streak of winning quarters to eight. It’s the longest since an 11-quarter boom that ended in September 1997, according to FactSet stats. Back then, the U.S. economy was going gangbusters under President Bill Clinton at the start of the dotcom boom. The current ...

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Brexit bust? London home prices fall for 1st time in 8 years

Virtual reality is the new open house It’s finally happened. London property prices have fallen after years of runaway increases. London home prices slipped 0.6% in the quarter ended September, according to Nationwide. It’s the first decline since the financial crisis. The mortgage provider said the average sale price for a London home is £472,000 ($ 630,000), an increase of 56% from a decade ago and more than double the current national average. Nationwide said that mounting pressure on household incomes was weighing on confidence and contributing to the slump. ...

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U.S. dollar is at lowest level in nearly 3 years

How the Federal Reserve works The U.S. dollar is cooling off after a red-hot surge. Though it rose in the weeks following President Trump’s election victory last November, the greenback has steadily fallen this year. It’s now down to its lowest level since January 2015. Since January 3, the first trading day, the dollar is down 11%. It’s down nearly 17% against the Mexican peso this year, a reversal of fortunes after Trump’s campaign threats caused the peso to plunge. It’s also down 12% against the euro and 7% against ...

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Prisoner 'trapped' in jail for 11 years to be released

A man who has served 11 years in prison for what was a 10-month sentence is to be released, the Parole Board has said. James Ward was sentenced under Imprisonment for Public Protection (IPP), after he set fire to his bed while in jail for actual bodily harm. The 32-year-old has mental health problems and has regularly self-harmed while serving his indefinite sentence. The Parole Board said it was working to find Mr Ward a hostel and mental health support in the coming weeks. Mr Ward’s sister April said: “We ...

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Hollywood had its worst summer in 20 years. Can fall save the box office?

How Hollywood is going old to look new The last time Hollywood suffered through a summer season box office this sluggish, the top films were “Men In Black” and “The Lost World: Jurassic Park.” Despite strong showings from “Wonder Woman” and “Guardians of the Galaxy Vol. 2,” the 2017 summer season — which runs from the first Friday in May through Labor Day weekend — endured the worst box office haul since 1997, when adjusted for inflation. “In a nutshell: a lack of high-demand animated releases, too many under-cooked or ...

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