News Headlines - 03 January 2019
▽Apple Drops iPhone Bombshell on Already Reeling Stock Market - The New York Times
Apple acknowledged that demand for iPhones is waning, confirming investor fears that the company's most profitable product has lost some of its luster.
The reckoning came in a letter from Apple CEO Tim Cook to the company's shareholders released after the stock market closed Wednesday.
Cook said Apple's revenue for the October-December quarter — including the crucial holiday shopping season — will fall well below the company's earlier projections and those of analysts, whose estimates sway the stock market... The official results are scheduled to be released Jan. 29.
▽Apple’s slowdown in China ripples through global financial markets - The Washington Post
Global markets shuddered Thursday after Apple said China is buying fewer iPhones, amplifying fears that the world’s second-biggest economy is fading... Apple shares sank 10 percent, and the Dow Jones industrial average dropped 660 points, or 2.8 percent, to close at 22,686.
The Standard & Poor’s 500-stock index slumped 2.5 percent, and the technology-heavy Nasdaq composite fell 3 percent. The Nasdaq dipped into bear territory, which is at least 20 percent below its most recent peak.
Britain will open two new military bases in the Caribbean and South East Asia as the country looks to step up its military presence overseas after Brexit, Gavin Williamson has revealed... In an interview with The Telegraph in his Ministry of Defence office, Mr Williamson says: "We have got to be so much more optimistic about our future as we exit the European Union.
▽Thousands march in Hong Kong for democracy and independence from China
Thousands of demonstrators marched in Hong Kong on Tuesday to demand full democracy, fundamental rights, and even independence from China in the face of what many see as a marked clampdown by the Communist Party on local freedoms.
Over the past year, countries such as the United States and Britain have expressed concerns about a number of incidents they say have undermined confidence in Hong Kong's freedoms and autonomy under Chinese rule.
These include the jailing of activists, a ban on a pro-independence political party, the de facto expulsion of a Western journalist and barring democracy activists from contesting local elections.
▽Boxing fans call Floyd Mayweather's win over Tenshin Nasukawa a fix
FLOYD MAYWEATHER'S 136-second demolition of Tenshin Nasukawa has been blasted as "a fix" on social media. Kickboxing star Nasukawa was left crying in his own corner after being sent tumbling to the canvas three times in the first two minutes of the fight in Saitama, Japan.
