Tesla will talk with you soon, Elon Musk

Tesla will talk with you soon, Elon Musk

Tesla will talk with people around it soon, Elon Musk. He announced it on tweeter, with a short video of a Tesla Model 3 while car speaker plays a clip saying “Well don’t just stand there staring, hop in”. In the tweet Elon tweeted, “Tesla will soon able to talk with people if you want. This is real”.

As previous updates from Tesla

We already know that Tesla has started adding speakers externally to cars which follow new safety regulations that electric cars should produce noise. Elon want to use that speakers with advance interesting features. In the Elon Musk another tweet, he indicated that the newly announced feature can work with car’s existing sentry mode alarm system.

The audio clip played with specific message indicates Elon Musk’s master plan of all of Tesla’s cars will able to operate as an autonomous taxi fleet, which will earn money for their owners when they not using their own cars. In an autonomous state, with no driver to invite passengers into the taxi, the car itself could be left to tell people to “hop in.”

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Elon Musk tweet indicate this new functionality will available “very soon”. Back in October, Musk already announce that Tesla will able to customised horn and movement sounds feature will coming soon and they’re still yet to launch.

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Microsoft CEO Bill Gates $113 billion net worth indicates inequality of wealth in the world

Microsoft CEO Bill Gates $113 billion net worth indicates inequality of wealth in the world

Microsoft CEO Bill Gates one of the richest person globally who is come after Amazon’s Jeff Bezos, with a net worth of $113 billion, according to Bloomberg Billionaires Index — believes that disproportionately high wealth among people like him highlights the inequality gap. This gap “separates the lucky from the unlucky”. And that there is a need for a fairer tax system in order to bridge that gap. “A few people end up with a great deal—I’ve been disproportionately rewarded for the work I’ve done—while many others who work just as hard struggle to get by,” Microsoft CEO Bill Gates wrote in his blog post last week.

If you have more money, you pay a higher percentage in taxes – Microsoft CEO Bill Gates

“That’s why I’m for a tax system in which, if you have more money, you pay a higher percentage in taxes. And I think the rich should pay more than they currently do, and that includes Melinda and me,” he said as a suggestion to the US government for the fairer tax system. “The wealth gap is growing. The distance between the top and bottom incomes in the United States is much greater than it was 50 years ago,” he wrote on GatesNotes, the blog.

Microsoft CEO Bill Gates thoughts echoed Warren Buffet’s who said that the problem with the US economy is people like him, he had told PBS Newshour in 2017. “The real problem, in my view, is — this has been — the prosperity has been unbelievable for the extremely rich people.”

Lack of fairness in the tax system

Gates explained further the lack of fairness in the tax system. The US government collects about three-quarters of its revenue from taxing labour — wages and salaries as most people in the US earn almost their entire income from salary and hourly work. This is taxed at a whopping 37 per cent maximum. On the other hand, the wealthiest class in the country generally earns only a minuscule share of their income from a salary as the majority share is earned via profits on investments including stock or real estate. This is taxed at 20 per cent if they’re held for over a year. “That’s the clearest evidence I’ve seen that the system isn’t fair,” he said.

Read more https://www.financialexpress.com/industry/bill-gates-my-113-billion-net-worth-shows-wealth-inequality-in-the-world/1813682/

Oil Prices Hike After Iranian general killed by US

Oil Prices Hike After Iranian general killed by US

Oil prices hike tremendously after the killing of a top Iranian general in Iraq. The price of Brent crude increased by more than 3% and reason for $69.50 a barrel. This is highest from September 2019. Analyst already warned the result of killing will affect to global oil production.

Reason behind hike is General Qasem Soleimani killed in a US drone strike at Baghdad airport. The Pentagon described as “defensive action”. Oil Prices Hike pushed oil stocks on the London stock exchange higher, with BP up 2.7% and Royal Dutch Shell nearly 1.9% higher.

United States oil companies shares like Exxon Mobil dropped. However, US market fall prompted by weak manufacturing data and concerns about the implications of the Middle East conflict.

The Dow and the Nasdaq closed down about 0.8%, while the S&P 500 dropped by 0.7%. The declines followed record highs a day earlier.

“2020 opened on a very positive note,” said Aneeka Gupta of WisdomTree Investments. “This event has actually stalled the bullish optimism we’ve seen.”

Tensions between the US and Iran

Tensions between the US and Iran have been rising since 2018. When the US pulled out of a nuclear deal meant to curb Iran’s nuclear programme and prevent the country from developing nuclear weapons.

The United States also re-imposed sanctions on Iran, a move that has shattered the country’s economy and severely restricted its oil exports.

This recent strike has sparked fears of increased risk to energy supplies in the region. The price of the international benchmark, Brent Crude, climbed 3.5% on Friday, while US oil – known as West Texas Intermediate – increased about 3%.

That rise is somewhat muted, suggesting that investors expect the reaction to the killing will be contained, said Adnan Mazarei, senior fellow at the Peterson Institute for International Economics and former deputy director for the Middle East at the International Monetary Fund.

Read more https://www.bbc.com/news/business-50982313

Beer Industry Threatens, Aluminum prices manipulation

Beer Industry Threatens, Aluminum prices manipulation

Some large U.S. multinationals that consume aluminum, particularly the beer industry, will seemingly not rest until the government receives authority to intervene in commodities markets at their behest.

Earlier in the decade, a number of metal extrusion companies filed suits that argued the London Metal Exchange (LME)—the futures exchange that sets global reference prices for metals—was involved in price manipulation, along with Goldman Sachs and several other aluminum traders. A complex antitrust case followed, but the LME was found to have sovereign immunity and the plaintiffs were found to lack standing to complain of direct injury. In fact, prices had actually fallen in the years of alleged manipulation.

Despite failing the last time around, these multinationals have not stopped. Now, they are trying to give the Commodities Futures Trading Commission (CFTC) the power to set aluminum prices. 

Introduced at the industry’s behest, the Aluminum Pricing Examination Act, or APEX, would shove markets to the sidelines and give the CFTC “exclusive jurisdiction over the setting of reference prices for aluminum premiums.” 

Why are these beverage-makers pushing government intervention?

Why are these beverage-makers pushing government intervention? Because they claim there is price manipulation within the aluminum market that costs them millions. But the CFTC itself already monitors the aluminum market closely. The CFTC’s former chairman, J. Christopher Giancarlo, testified before Congress last May. He said the CFTC has been “looking at aluminum for years…but we have not found manipulation within the markets.” 

The spot price of aluminum is affected by many factors

The spot price of aluminum is affected by many factors. Proponents of CFTC intervention are trying to make a case for manipulation on the basis that President Trump’s tariff alone could not have raised the spot price to its current level. But this assertion overlooks other crucial market factors affecting prices, including: a jump in U.S. transportation costs; significant shortages caused by an 18-month lockout of union workers—which slashed one major aluminum supplier’s production by two-thirds; and, sanctions placed on the Russian giant Rusal—the second largest U.S. supplier in 2016 and 2017.  None of these occurrences should justify government intervention in the aluminum marketplace.

As things currently stand, companies such as S&P Global Platts already serve as a bulwark against market manipulation. S&P and its competitors operate as independent reporters of aluminum prices, offering unbiased and transparent information to serve as reference points for price negotiations. Those reports on the value of aluminum actively prevent the type of manipulation that the beer industry is supposedly concerned about.

In reality, breweries are urging the bill’s passage for one reason: profit. Indeed, the APEX Act will pad breweries’ bottom lines—but at the expense of the aluminum industry and the health of the U.S. economy. By keeping aluminum prices artificially low, the APEX Act will ensure that breweries pay less for their metal cans. After all, 64 percent of beer made in the United States last year was sold in cans—an increase from 56 percent a decade prior. But more importantly, it forces the metalworking industry to accept below-market rates for their products—precisely what they were forced to endure under the policies of previous administrations.

Read more https://www.realclearmarkets.com/articles/2020/01/02/big_beer_threatens_commodity_markets_us_industry_more_broadly_104027.html

WhatsApp withdraw support of these OS by 2020

WhatsApp will withdraw support of these OS from 1 February 2020

WhatsApp is going to stop working on the number of operating system of smartphones in coming year of 2020. As per updates on FAQ section of the WhatsApp , there are several iOS and Android smartphones that will not be capable to run the latest versions of application. Facebook who owns the whatsapp will withdraw support of these OS from 1 February 2020.

Whatsapp FAQ Section

FAQ section says, Smartphones running on Android 2.3.7 version of operating system and lower, and iPhones running on iOS 8 and below than that will not be supported to the Whatsapp Versions which will release from next year.

WhatsApp also stressed on the fact that these older versions of Android and iOS operating systems “can no longer create new accounts, nor re-verify existing accounts after February 1, 2020.”

However, the Facebook-owned instant messaging platform will keep the app running for select phones with KaiOS 2.5.1+ OS, including JioPhone and JioPhone 2.

Microsoft Windows OS

Moreover, in what may come as a bad news for Windows OS users. WhatsApp earlier announced that is also withdrawing support for all Windows phones from December 31, 2019 — the same month that Microsoft ends support of its Windows 10 Mobile OS. The company also added that the app “might not be available in the Microsoft Store after July 1, 2019.”

WhatsApp also highlighted that the decision to end support for these Android phones and iPhones will not affect a lot of users.

Operating Systems which will not support from next year (Year 2020)

  • Android versions 2.3.7 and older
  • iOS 8 and older
  • All Windows OS phones from 31 December, 2019

Operating systems that the app supports and recommends users to use the following updated devices:

  • Android running OS 4.0.3+
  • iPhone running iOS 9+
  • Select phones running KaiOS 2.5.1+, including JioPhone and JioPhone 2

Asia-Pacific Power Industry Contracts, Rise Of 20%

Asia-Pacific Power Industry Contracts

India emerged the leader in 12-months average power industry contracts in Asia-Pacific with 26 contracts, followed by Australia with nine and China with seven contracts.

Activity in November 2019

Asia-Pacific power industry contracts activity in November saw 91 contracts announced, marking a rise of 20% over the last 12-month average of 76, according to GlobalData’s power database.

Who led with maximum share

China led the activity in November 2019 with 20 contracts and a share of 22%. It is up 13.3% over the previous month and up 186% when compared with the last 12 month-average. India 14 contracts and a share of 15.4%.

Looking at contracts divided by the type of technology,

Wind accounted for the largest proportion with 27 contracts and a 34.6% share. Solar with 21 contracts and a 26.9% share and thermal with 18 contracts and a 23.1% share.

Power industry contracts divided by segment in Asia-Pacific as tracked by GlobalData, Generation Equipment was the most popular segment in November 2019, with 38 contracts, followed by Power Plant (37) and Electricity Procurement (8).

What statistics says:

The proportion of contracts by category tracked by GlobalData in the month included 38 supply & erection contracts — 41.8% share; 37 project implementation contracts — 40.7% share; 8 power purchase agreements — 8.8% share and 4 consulting & similar services contracts — 4.4% share. Repair, maintenance, upgrade & others saw 4 contracts with a 4.4% share.

Top issuers of contracts for the month in terms of power capacity involved in Asia-Pacific included the government of Vietnam at 2,200MW from one contract, Electricity Generating Authority of Thailand at 1,225MW from one contract and China Huaneng Group with 715MW capacity from one contract.

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