Japan’s Kishida to Seek Asset Management, Pension Fund Reform
Japanese Prime Minister Fumio Kishida will prod asset managers to improve their skills and strengthen governance, as he
2023-10-02 17:17
North American Subsidies Draw In Norwegian Hydrogen Firm Hystar
Hystar AS plans a new factory for hydrogen machines at home in Norway before expanding into North America,
2023-10-02 16:47
Apple blames Instagram for overheating iPhones
Apple has blamed Instagram and other popular apps for an overheating issue with the iPhone 15. The US tech giant said a software bug tied to the Meta-owned app was among the reasons for users reporting that its latest range of smartphones, unveiled last month, become “too hot to touch” while performing certain tasks. The company is working on an update to its latest iOS 17 operating system, which serves as the software for the iPhone 15, iPhone 15 Plus, iPhone 15 Pro and iPhone 15 Pro Max. Meta has acknowledged the issue, which some users have dubbed “heatgate”, and modified its Instagram app in an effort to prevent it from heating up the device. Other apps blamed for the problem, including Uber and the video game Asphalt 9, are yet to roll out updates, according to Apple. There is also no timeline for when Apple’s own software fix would be issued but the firm said no safety issues should prevent iPhone 15 owners from using their devices while awaiting the update. “We have identified a few conditions which can cause iPhones to run warmer than expected,” Apple said in a short statement. It’s not unusual for new iPhones to get uncomfortably warm during the first few days of use or when they are being restored with backup information stored in the cloud – issues that Apple already flags for users. The devices also can get hot when using apps such as video games and augmented reality technology that require a lot of processing power, but the heating issues with the iPhone 15 models have gone beyond those typical situations. In its acknowledgement, Apple stressed that the trouble isn’t related to the new titanium casing that houses the high-end iPhone 15 Pro and iPhone 15 Pro Max instead of the stainless steel used on older smartphones. Apple also dismissed speculation that the overheating problem in the new models might be tied to a shift from its proprietary Lightning charging cable to the more widely used USB-C port that allowed it to comply with a mandate issued by European regulators. Although Apple expressed confidence that the overheating issue can be quickly fixed with the upcoming software updates, the problem still could dampen sales of its marquee product at a time when the company has faced three consecutive quarters of year-over-year declines in overall sales. The downturn has affected iPhone sales, which fell by a combined 4 per cent in the nine months covered by Apple’s past three fiscal quarters compared with a year earlier. Apple is trying to boost its sales in part by raising the starting price for its top-of-the-line iPhone 15 Pro Max to $1,200, an increase of $100, or 9 per cent, from last year’s flagship model. In its acknowledgement of the iPhone 15 overheating issue, Apple said the planned software update would not impact the phone’s performance, which analysts had warned is a possibility. Additional reporting from agencies Read More Tim Cook interview: Apple boss talks trillion-dollar transformation and ushering in new era of computing
2023-10-02 16:22
Iraq Oil Pipe Will Resume Within a Week, Turkey Minister Says
A crude oil pipeline running from Iraq’s Kurdistan region to the Mediterranean coast of Turkey will resume operations
2023-10-02 16:15
Dutch regulator rejects Apple’s objections against fines
AMSTERDAM Dutch competition watchdog ACM on Monday said it had rejected objections by Apple against fines of 50
2023-10-02 15:56
Oil Latest: Halliburton CEO Sees Market Tightening Further
Ministers and oil industry chiefs are gathering for the biggest energy conference in the Middle East as crude
2023-10-02 14:58
Barclays Says EU Review of ESG Can Hit Fund Flows ‘Meaningfully’
Asset managers selling funds into the European Union risk having client flows “meaningfully” disrupted as regulators in the
2023-10-02 14:23
Carmakers Are Buying ‘Green Steel’ That’s Far From Carbon-Free
Carmakers and steelmakers are sealing deals for green steel, and using them to tout their environmental credentials. The
2023-10-02 14:20
Falling Solar Costs Offer Hope for Power-Deprived Bangladesh
Falling solar power prices can help ease an energy crunch in Bangladesh, where an over-dependence on fossil fuels
2023-10-02 14:15
Japan startup develops 'Gundam'-like robot with $3 million price tag
By Satoshi Sugiyama and Chris Gallagher YOKOHAMA, Japan Tokyo-based start-up Tsubame Industries has developed a 4.5-metre-tall (14.8-feet), four-wheeled
2023-10-02 10:28
Water Bills to Rise 35% By 2030 in England To Fund Investment
Water bills are set to rise by 35% on average for households in England by the end of
2023-10-02 08:49
Shutdown Averted, McCarthy Faces Mutiny: Your Sunday US Briefing
Greetings from New York City, where it now appears impossible to buy a submersible water pump to drain
2023-10-01 23:24