Apple becomes world's first $1 trillion company

Agencies
August 3, 2018

Reuters, AUG 02: Apple became the first US company to top $1 trillion in market value on Thursday, leading a rebound in technology stocks that helped Wall Street pare losses and turned the Nasdaq positive.

Market sentiment was also lifted by Commerce Secretary Wilbur Ross's comment, who said the tariffs that United States is threatening to impose on Chinese goods would not be disastrous for the Asian nation.

"It's not something that's going to be cataclysmic," he said in an interview with Fox Business Network, explaining that a 25% tariff on $200 billion worth of goods would equal to less than 1% of China's economy.

Technology stocks, which were trading lower earlier in the session, rose 0.4%.

Apple hit a record high of $207.05, crowning a decade-long rise fueled by its ubiquitous iPhone that transformed it from a niche player in personal computers into a global powerhouse spanning entertainment and communications.

"There's a dichotomy on whether the tech run is going to continue," said Cliff Hodge, director of investments for Cornerstone Wealth in Charlotte, North Carolina.

"The tariffs are not enough to derail the U.S. economy that is firing on all cylinders."

The trade-sensitive industrial sector fell 0.38%. Caterpillar, Boeing and 3M fell more than 1% and weighed on the bluechip Dow Jones Industrial Average.

Financials fell 0.5%, the biggest drag on the S&P 500, as 10-year U.S. Treasury yields eased.

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News Network
September 17,2024

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Mangaluru: In an act of extraordinary selflessness, a young lecturer and mother, Archana Kamath, tragically passed away just days after donating a portion of her liver to a relative. She was 33.

Archana, who had devoted her career to shaping young minds as a lecturer at Canara College and most recently at Manel Srinivasa Nayak MBA College, was a loving mother to a four-year-old boy. Her sudden passing has left her family, students, and colleagues reeling in shock and grief.

The story of her untimely demise began when a relative of her husband, CA Chethan Kumar, required a life-saving liver transplant. 

With no other matching donors in sight, Archana stepped forward, her heart full of compassion. Her blood type matched, and without hesitation, she made the brave decision to donate a part of her liver—an act that would ultimately cost her life.

The surgery, performed 12 days ago in Bengaluru, seemed successful. Archana appeared to recover well and was discharged, bringing hope and relief to her loved ones. 

But just days after returning home, she suddenly fell ill and passed away on September 15 in a Mangaluru hospital. The cause of her sudden decline remains a mystery, compounding the sorrow of those who knew and loved her.

Her final act of love saved a life—the relative who received her liver is said to be recovering well. But Archana’s loss is felt deeply by her husband and their young son, who are now left to navigate a world without her warmth and strength.

As family and friends grapple with this tragic turn of events, Archana’s memory will live on in the hearts of those who knew her as a caring educator, devoted mother, and a woman whose ultimate sacrifice was made out of love.

The full story of her passing is still unfolding, and her untimely death has left an irreplaceable void in the lives of all who knew her.
 

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News Network
September 13,2024

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NRI professionals hailing from the coastal and Malnad regions of Karnataka, now based in Singapore, Indonesia, Malaysia, Hong Kong, and Australia, have been urging the Indian government and airlines to introduce a direct flight between Mangalore International Airport (MIA) and Singapore’s Changi Airport.

These professionals argue that Singapore’s strategic location as a hub connecting India with East Asia makes this flight essential. They highlight that this route would serve over 12 million people from the coastal and hill regions of southern India, fostering stronger ties with East Asian economies.

The group, consisting of individuals from Dakshina Kannada, Uttara Kannada, Udupi, Chikkamagaluru, Kodagu, Shivamogga, and Hassan, is spearheaded by Rajesh H Acharya, director of HQ Connections Pte Ltd, Singapore, and coordinator of the Singapore Tuluver community. Acharya emphasized the significance of the Indian government’s Act East policy, which aims to strengthen relationships between India and ASEAN, East Asia, and the Asia-Pacific region.

“This flight will open new doors for cultural, trade, tourism, and technological exchanges between these regions,” Acharya said.

The Mangalore Chapter of IndUS Entrepreneurs (TiE) has also proposed positioning the region as the 'Silicon Beach of India.' A direct flight would provide greater opportunities for entrepreneurs and investors from both Singapore and Mangaluru, boosting business exchanges.

Moreover, Singapore’s Changi Airport could see increased tourism from the Karnataka coast, while Coastal Karnataka would benefit from a surge in visitors from ASEAN countries, the Far East, Australia, New Zealand, and the US West Coast.

While a similar attempt in 2017 did not succeed, Acharya and his team are hopeful that this time their appeal will be taken seriously, tapping into the immense growth potential of the eastern half of the globe.

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News Network
September 20,2024

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The Israeli military has carried out airstrikes against the Lebanese capital Beirut. On Friday, the military said it had staged a “targeted strike” against the city.

At least five children are among those killed in the attack.

Lebanon’s al-Mayadeen television network said a drone had fired several missiles against Beirut’s heavily-populated Dahiyeh suburb.

According to Lebanon’s official National News (NNA), “five children were martyred in the hostile airstrike.”

The agency added that an F35 jet targeted residential areas with two strikes.

Media outlets cited sources as saying that the attack targeted Ibrahim Aqil, a senior commander of Lebanon’s Hezbollah resistance movement.

Aqil is a member of Hezbollah’s Jihad Council, which is responsible for directing the group’s military and security activities.

He has replaced Fuad Shukr, who was assassinated in an Israeli targeted killing attack against Beirut on July 30. 

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