‘Crazy Rich Asians’ film comes home to Singapore

SINGAPORE (Reuters) – “Crazy Rich Asians” celebrated its Asian premiere in Singapore on Tuesday night, with local-born stars such as Fiona Xie delighted to be bringing the film home to the city where it was filmed. FILE PHOTO: Author Kevin Kwan (R) and cast members Henry Golding and Constance Wu pose at the premiere for « Crazy Rich Asians » in Los Angeles, California, U.S., August 7, 2018. REUTERS/Mario Anzuoni/File Photo“I’m so looking forward for every Singaporean to watch this because Singapore is so beautiful on screen. Everybody (in Hollywood)…

Elon Musk needs to recognize his limitations and bring in a strong No. 2 to help run Tesla: Analysts

Tesla co-founder and CEO Elon Musk must recognize he can’t do it all and agree to bring in a strong No. 2 to run day-to-day operations at the electric automaker, leading analysts told CNBC on Tuesday. « We think he’s going through a founder’s dilemma. He’s clearly stretched too thin, » Consumer Edge Research analyst James Albertine said on « Squawk Box. » « I think this is Elon going through personal issues, having his own struggles with the bears, very publicly. » Musk had been acting acting erratically for…

Google is developing an experimental podcast app called Shortwave

An experimental unit within Google has been quietly developing a new app for discovering and playing podcasts. Called Shortwave, the new app was revealed by a trademark filing embedded below, which describes it as “allow[ing] users to search, access, and play digital audio files, and to share links to audio files.” Nothing in the trademark filing specifies the kind of audio being accessed, but a Google representative said the focus of the app was on spoken word content. There is little public information about the app, although Google has played…

Hedge funds are struggling this year due to Facebook’s plunge, bets against stocks: Goldman

The so-called « smart money » hedge funds are dramatically underperforming this year. Goldman Sachs explained the weakness is the result of big positions in Facebook shares and disastrous bets against stocks. The firm said the average stock hedge fund is down 1 percent this year through Aug. 17 versus the S&P 500’s 8 percent gain. « Volatility among the most popular stocks and low net leverage in a rising market have weighed on recent hedge fund returns, » strategist Ben Snider said in Goldman’s quarterly « Hedge Fund Trend…

Trump administration reveals greenhouse gas rule for power plants to replace Obama-era plan

The Trump administration on Tuesday revealed its long-awaited plan to scale back an Obama-era rule designed to cut planet-warming emissions from the nation’s power plants. The proposal from the Environmental Protection Agency — Affordable Clean Energy Rule — will hand authority to states to create their own rules for coal-fired power plants. That would give states the option to impose looser restrictions that allow utilities to emit more greenhouse gases like carbon dioxide and other pollutants. The measure also stands to relieve pressure on the coal industry, a sector President…

Imax and Google have put their VR camera project on hold

An Imax spokesperson has confirmed to Variety that it will no longer be building a VR camera in partnership with Google. In the emailed statement, Imax said, “We’ve currently paused the development of the Imax VR camera while we continue to review the viability of our pilot program.” Imax and Google’s VR project first began in 2016. The two companies had plans to develop a cinema-grade VR camera “to enable today’s leading filmmakers and content creators to deliver the highest-quality 3D 360-degree content experiences to audiences worldwide.” In 2017, Imax…

Genetically modified mosquitoes are being used to combat health threats such as the Zika virus

Mosquitoes are some of the most deadly creatures on the planet. They carry viruses, bacteria and parasites, which they transmit through bites, infecting some 700 million people and killing more than 1 million each year. With international travel, migration and climate change, these infections are no longer confined to tropical and subtropical developing countries. Pathogens such as West Nile virus and Zika virus have caused significant outbreaks in the United States and its territories that are likely to continue, with new invasive pathogens being discovered all the time. Currently, control…

What killed coal? Technology and cheaper alternatives

Energy CEO: Coal is not the future Coal is dying because of dirt-cheap natural gas. The rise of renewable energy isn’t helping. President Donald Trump is set to announce this week an effort to prop up coal by replacing Obama-era carbon emission policies known as the Clean Power Plan, according to The Washington Post and The New York Times. But the regulatory reversal is unlikely to spark a coal comeback. Coal’s true nemeses are innovation and economics. Fracking has made natural gas abundant and cheap. Breakthroughs in windmills, solar and…

Slack’s valuation tops $7.1 billion as venture investors keep piling into the messaging app

Slack, maker of the popular business messaging app, is now worth more than $7.1 billion. The San Francisco-based company said on Tuesday that it closed a $427 million funding round, padding its balance sheet as it takes on some of the world’s biggest tech companies, including Google, Microsoft and Cisco. Slack is among the most highly valued tech start-ups, and like consumer companies Uber, Airbnb and Pinterest, it has no plans to go public until at least 2019. Slack, which launched in 2014 and was valued at $5.1 billion almost…

The Los Angeles Lakers just partnered with LG to bring solar power to training center

After signing LeBron James earlier this summer, the Los Angeles Lakers are also looking to steal a march on rivals when it comes to sustainability. The Lakers’ UCLA Health Training Center is now home to 456 solar panels that are set to produce an estimated 245,000 kilowatt hours per year, enough to power 35 homes. The 375-watt solar panels were provided by LG Solar and were installed by Vaha Energy, LG Electronics USA said in a statement Monday. The move is expected to save the Lakers around $38,000 each year.…

Protesters topple Confederate soldier statue in North Carolina

Chapel Hill, N.C. (Reuters) – Protesters toppled a statue of a Confederate soldier on the campus of University of North Carolina on Monday, the latest move to dismantle Civil War symbols amid a fierce debate about race and the legacy of slavery in the United States. About 300 demonstrators gathered at the base of Silent Sam, a memorial to the Confederate soldiers killed during the Civil War, at about 7 p.m. (2300 GMT) to hold a protest and march. About two hours later, the statue, which had been standing on…

Britain presses for more EU sanctions against Russia

LONDON (Reuters) – Britain on Tuesday will call for the European Union to increase sanctions against Russia, saying the bloc had to stand “shoulder to shoulder” with the United States, which hit Moscow with new economic curbs this month. Foreign secretary, Jeremy Hunt, will say that Russian President Vladimir Putin has made the world “a more dangerous place”, and that after a chemical weapons attack in England, the EU should apply more pressure to ensure Russia sticks to international rules. “Today the United Kingdom asks its allies to go further…

Google Fit is getting redesigned with new health-tracking rings

Today, Google is rolling out a complete redesign of the Google Fit app for Android and the Fit section of the Wear OS app on iPhone. The new design focus is on closing rings, much like Apple (and everybody else). Google says that its rings are informed by health recommendations from the American Heart Association (AHA) and the World Health Organization (WHO). Every day, users will be encouraged to complete two goals: one based on “move minutes” and another based on a new thing called “heart points.” Those metrics are…

Goldman: Here are the 10 stocks most loved by hedge funds — including Microsoft

Goldman Sachs says the stocks most owned by hedge funds have soundly outperformed the market over the last 17 years. The bank’s hedge fund VIP (very important positions) list consists of the 50 stocks that « appear most often among the top 10 holdings of fundamentally driven hedge fund portfolios » for the June quarter. Goldman looked at the positions of 830 hedge funds with total long and short stock holdings of $2.3 trillion. The firm said the basket has lagged the S&P 500 by 1.18 percentage points this year…

Facebook is doing research to help speed up medical imaging — here’s why

When NYU’s doctors had an idea to speed up the process of MRI scans, they thought of one technology company to help them out: Facebook. Yes, that Facebook. The social networking company. The two institutions announced this week that they’re working together on a research project that aims to make MRI imaging scans up to 10 times faster. Today, it takes about 15 minutes to an hour to take an MRI, while X-rays or CT scans take less than a minute. That’s bad for patients as they have to sit…

Bank of America boosts Apple stock outlook on app store strength

Bank of America Merrill Lynch bumped its price target on Apple stock up to $250 per share from $230 per share on Tuesday, citing confidence in the tech giant’s push to diversify its mobile application offerings. « The strong growth rate of non-gaming categories gives us increased confidence in the sustainability of strong App Store sales, and reduces risk of dependence on one single category of Apps, » analyst Wamsi Mohan wrote in a note. Apple shares rose 0.5 percent in premarket trading from Monday’s close of $215.46 per share.…

Trump administration to replace Obama’s Clean Power Plan with weaker greenhouse gas rules for power plants

The Trump administration is expected on Tuesday to reveal its long-awaited plan to scale back an Obama-era rule designed to cut planet-warming emissions from the nation’s power plants. The proposal from the Environmental Protection Agency will reportedly hand authority to states to create their own rules for coal-fired power plants. That would give states the option to impose looser restrictions that allow utilities to emit more greenhouse gases like carbon dioxide and other pollutants — or to defer taking any action. The measure also stands to relieve pressure on the…

A 550-ton floating turbine smashes records in a significant step forward for tidal power

A tidal turbine has generated record levels of power production in its first year of testing. The 2 megawatt (MW) SR2000 turbine produced more than 3 gigawatt hours (GWh) of renewable electricity in less than 12 months, Scotrenewables Tidal Power said in a statement Tuesday. The turbine is located at the European Marine Energy Centre (EMEC) in Orkney, Scotland. Scotrenewables described the SR2000 as « the world’s most powerful operating tidal stream turbine. » Tidal stream technologies are able to harness the kinetic energy of currents flowing in and out…

A day in the life of a Waymo self-driving taxi

In a nondescript depot in suburban Arizona, the future of transportation is getting a tune-up. This is where Waymo, the self-driving unit of Google parent Alphabet, houses its growing fleet of self-driving cars — hundreds of Chrysler Pacifica minivans fitted with highly advanced hardware and software that enables them to safely ride on public roads without a human driver behind the wheel. For over a year, Waymo has been offering trips to the 400-plus members of its Early Rider program, who use Waymo’s ride-hailing app to summon the minivans for…

Nazi guard Palij deported by US to Germany

A 95-year-old former Nazi collaborator who served in the notorious SS as a labour camp guard in World War Two has arrived in Germany after a long deportation battle in the US. Jakiw Palij has been stateless since a federal judge revoked his US citizenship in 2003. For years Germany refused to accept him as he never had German nationality. After arriving in Düsseldorf he was being taken to a care home for the elderly, German reports say. The US ambassador in Berlin, Richard Grenell, praised Germany’s new government for…

Spain’s ‘wolf pack’ sex attackers confronted at Seville pool

Members of the infamous « wolf pack » group convicted of sexual abuse in Spain have been forced to flee a swimming pool in Seville. The men were present in a group with others when they were angrily confronted by swimmers. The case involved five men sexually abusing an 18-year-old woman at the San Fermin festival in Pamplona in 2016. It became a national scandal in Spain – and the men were released a few months into their nine-year sentence. All five men are originally from Seville, where at least…

Oil steady as demand outlook counters boost from Iran sanctions

Oil held steady on Tuesday, as the prospect of price support from U.S. sanctions on Iran was offset by concern about the outlook for demand, particularly in light of the trade dispute between Washington and Beijing. Brent crude futures were down 2 cents at $72.19 a barrel at 0928 GMT, while the most-active October U.S. crude futures contract was down 7 cents at $65.35 a barrel. « Prices are being supported by the prospect of lower oil supply from Iran, » Commerzbank said in a note. The full impact of…

Russian hackers targeted U.S. conservative think-tanks, says Microsoft

(Reuters) – Hackers linked to Russia’s government tried to target the websites of two right-wing U.S. think-tanks, suggesting they were broadening their attacks in the build-up to November elections, Microsoft said on Monday. FILE PHOTO: A Microsoft logo is seen in Los Angeles, California U.S. November 7, 2017. REUTERS/Lucy Nicholson/File Photo The software giant said it had thwarted the attempts last week by taking control of sites that hackers had designed to mimic the pages of The International Republican Institute and The Hudson Institute. Users were redirected to fake pages…

Foreign casino operators go all in as they vie for Osaka license

OSAKA (Reuters) – In late July, a lavish fireworks display lit up Osaka’s skies in the finale to one of Japan’s most famous festivals, courtesy of a first-time sponsor: Macau casino operator Melco Resorts and Entertainment Ltd (MLCO.O). The company’s chief executive, 41-year-old billionaire Lawrence Ho, had only hours earlier met Osaka’s governor after a donation for natural disaster preparation. Also in town was MGM Resorts International’s (MGM.N) chief executive, Jim Murren. He didn’t bring a donation – just the Blue Man Group to entertain around 100 guests on a…

Hillsborough charges against Sir Norman Bettison dropped

A former chief inspector accused of trying to blame Liverpool fans for the 1989 Hillsborough disaster has had all charges against him dropped. Sir Norman Bettison, then of South Yorkshire Police, had faced four counts of misconduct in a public office. He was accused of telling lies about the « culpability of fans » and his role in the wake of the tragedy. Prosecutors said insufficient evidence meant there was no real prospect of securing a conviction. The Crown Prosecution Service said because of changes in the evidence of two…

Hillsborough charges dropped for Bettison

Charges are dropped against ex-police chief Sir Norman Bettison, accused of blaming fans for Hillsborough disaster This breaking news story is being updated and more details will be published shortly. Please refresh the page for the fullest version. You can receive Breaking News on a smartphone or tablet via the PCF News App. You can also follow @PCFBreaking on Twitter to get the latest alerts. Source: The Guardian

Microsoft claims win over ‘Russian political hackers’

Russian attempts to launch cyber-attacks against US conservative groups have been thwarted, Microsoft says. The software company said Russian hackers had tried to steal data from political organisations, including the International Republican Institute and the Hudson Institute think tanks. But they had been thwarted when its security staff had won control of six net domains mimicking their websites. Microsoft said the Fancy Bear hacking group had been behind the attacks. « We’re concerned that these and other attempts pose security threats to a broadening array of groups connected with both…

House of Fraser’s flagship London store saved

House of Fraser’s flagship Oxford Street store will now stay open after the chain’s new owner agreed fresh terms with its landlord. The store had been due to close under a restructuring plan that House of Fraser announced in June. However, the department store group fell into administration earlier this month, and was bought by Mike Ashley’s Sports Direct. The deal is the first covering a House of Fraser store since the takeover. The store was one of the 31 earmarked for closure under the CVA restructuring deal that was…

Love Island cliche ‘puts off female firefighters’, says brigade chief

The head of the London Fire Brigade has criticised Love Island for reinforcing the cliche of firefighters as muscle-bound male sex objects. Commissioner Dany Cotton said « offensive » stereotypes discouraged young women from joining the service. She criticised the ITV2 show for « rolling out every offensive cliche possible with their so-called ‘fireman challenge’. » The brigade also criticised an advert for Harpic toilet cleaner. Ms Cotton – the first woman to hold the LFB’s most senior position – said Love Island’s fireman challenge « reinforces the misconception that…

Google’s data collection is hard to escape, study claims

5 stunning stats about Google Short of chucking your phone into the river, shunning the internet, and learning to read paper maps again, there’s not much you can do to keep Google from collecting data about you. So says a Vanderbilt University computer scientist who led an analysis of Google’s data collection practices. His report, released Tuesday, outlines a myriad ways the company amasses information about the billions of people who use the world’s leading search engine, web browser, and mobile operating system, not to mention products like Gmail, platforms…