BugSec and Cynet, two computer security companies have identified a security loophole in LG’s G3 smart phones. A built in app in G3 smart phones, naming Smart Notice, has enabled hackers to use the loophole to steal data. Upon information and following demonstrations from the researchers, LG has released a new version of Smart Notice containing a patch and urges users to run the new app ASAP.
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Facebook Prohibits Unlicensed Private Gun Sales On Its Sites And Instagram, Warns For Compliance With Local Regulations
Facebook users will soon be prohibited from coordinating private firearm sales using its platform and also through Instagram. The step evokes strict policies on regulating promotional posts on unlicensed gun businesses . The new rule is only applicable for person-to-person firearm sales, licensed gun dealers will be permitted to use the social network.
SARB Increases Benchmark Rates, Commercial Banks Follow Trait, Job Cutting Feared
South African Reserve Bank (SARB) has announced increasing key interest rates by fifty basis points to 6.75% on Thursday. It has also slashed down growth forecast to 0.9%. SARB has increased the interest rates for the second time with an interval of weeks. However, the rate hike will influence the Banks’ expenses and banking industry may witness job cutting as cost minimization effort.
Oxitec’s Gene Modified Mosquitoes Appear As Lone Mean To Fight Against Spread of Zika Virus
WHO on Thursday has warned for probable spread of Zika virus across the North and Central American countries. Ahead of rising concerns for Zika spreading, drug makers and scientists have commented that manufacturing of an appropriate vaccine may even require a decade. These warnings has opened a huge business potential for Oxitec, an Intrexon subsidiary. Oxitec’s gene modified mosquitoes are capable of ensuring security against Zika for large populations.
SkyBender: Google’s Secret Drone Project in New Mexico Using 5G Internet With a Cost of $300,000
Google has been reported to conduct secret tests over drones under codename of SkyBender at Spaceport America in New Mexico. The tech giant is using 5G wireless that involves millimeter wave technology which is considered as the future of high speed data transmission technology. Though the test results have been kept secret, but the $300,000 tests bring fortune for Virgin Galactic Spaceflights, reportedly suffering from cash crunch.
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California becomes the pioneer state with new LED standards in place. The new regulation replaces the old traditional directional bulbs with the more expensive but energy-efficient LED ones. While more expensive, California Energy Commission promises huge benefits in terms of a bulb's longevity and, more importantly, electric bills.
Reddit has initiated testing the official Android app on Thursday after releasing the beta version on December. Volunteers taking part in the previous test also remain as the first opportunists to test the official version. The official version is expected to override the hiccups existed in the third party application. The CEO of Reddit has hinted for going through massive modernization processes throughout 2016.
Fitness trainer and guru overcharge numerous die hard fitness fans for using the app. Fans become furious over high prices and horrendous cancellation process.
The Safari fault which has affected a range of Apple devices has been fixed. The fault was related to Apple's Safari Suggestions feature. Simply disabling this feature will stop Safari crashing says iOS developers.
Apple announced a recall of wall plug adapters warning the risk of electric shock. The recall applied to those adaptors used in Australia, New Zealand, Continental Europe, Korea, Argentina and Brazil.
South American nation Venezuela is suffering from gasoline smuggling to neighboring nations. Gasoline is heavily subsidized in Venezuela. The cheaper gasoline smuggling has become a major revenue source in the crisis-hit Venezuelan economy. Venezuela's President has deployed soldiers in large number to keep constant vigil on its borders. Venezuela is losing foreign exchange revenue in US dollars because of smuggling of gasoline.
Global investors are withdrawing from Russian stock markets as volatility is high in equities and currency Ruble. The continuous drop in oil price is impacting the Russian economy much as it's the main revenue source for the country. The gap between onshore and offshore traded equities is narrowing down as foreign investors are selling off.
Philippine's fourth quarter gross domestic product increased by 6.3% driven mainly by higher private consumption, government expenditure as well as an increase in economic activity.
The Republican Debate is going to be held in Iowa State on Thursday. The fast food workers under the banner of ‘$15 per hour minimum wage movement’ have called strike on the very day apparently due to gain media attraction. The strike has been called demanding immediate implementation of the said minimum wage rate across the country and union rights. However, the demands have already been supported by many Democratic candidates and furnished in their election manifesto.
