CALIFORNIA: Apple Inc will release a software update that will allow users to turn off a feature that slows down iPhones when batteries are low on charge, Chief Executive Tim Cook told ABC News. Apple will release a test version of its iOS software next month that shows users the health of their batteries and will let them turn off a phone-slowing feature meant to prevent sudden shutdowns in iPhones with older batteries, Cook said in an interview with ABC News on Wednesday. Cook said the phone-slowing software,…
NEW YORK, UNITED STATES: Twitter Inc reported a sharp slowdown in quarterly revenue growth on Thursday and said it would cut nine per cent of its global workforce. The microblogging service said its user base ticked up 3 per cent to 317 million average monthly active users in the third quarter from 313 million in the second quarter. Analysts on average had expected 316.3 million monthly active users, according to market research firm FactSet StreetAccount. Twitter has been struggling to sign up new users amid competition…
NEW DELHI: Reserve Bank of India (RBI) Governor Raghuram Rajan has warned that a "sharp" slowdown in China's growth posed a threat to the global economy, highlighting possible impact from the shadow banking system of its neighbour, the Reserve Bank of India said.
SINGAPORE: Crude oil prices fell over 2 percent on Monday as China's economic slowdown dented the outlook for demand and traders are placing record bets on even lower prices as they increasingly lose faith in a significant market recovery.
NEW YORK: After a dizzying two weeks that saw a rapid plunge and rebound in equity prices, investors are looking forward to a week of economic data that may provide clarity on the likelihood of a near-term U.S. interest rate hike and help tamp down the market's recent wild swings.