Category Archives: General

Thousands of foreigners are banned to enter Malaysia

73,000 foreigners have been banned from entering Malaysia, based on the Malaysian Immigration Law.

Director of the Immigration Department, Gen. Serie Mustafar Ali, said “Not To Land” has been issued to prevent these criminals entry into the country. They are trying to enter land, air and sea. ”

There are thousands of foreigners involved in various crimes in Malaysia. There are also students who have come in the name of students and have no documented documents.

“Some outsiders say that they are studying in larger educational institutions. Fake and outdated passports have been banned, “said Musserbar Ali, speaking after the Immigration Day celebration at Kuala Lumpur Airport.

According to the Immigration Law, companies involved in the employment of foreigners who have entered Malaysia for work should be taken within 6 hours. If they are not invited, they will be allowed to wait for up to three days. The Malaysian Immigration Department has pointed out that if they do not arrive then they will be deported to their own country.

46,000 illegal immigrants have been arrested in 15,000 searches conducted by the Malaysian Immigration Department this year. The detainees have been detained and will be sent back to their homeland by 9,000 foreigners in the clutches of Malaysian immigration.

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Apple vs Qualcomm Judicial Issue

Apple and Qualcomm have refused to budge in their fight over iPhone patent royalties, so they’re headed to court. A federal judge in San Diego has scheduled the companies’ trial for April 15th, 2019. Qualcomm had wanted a trial in February, but the judge determined that a delay was necessary due both to the court’s schedule as well as the complexity of the case. There had been rumors of a settlement, but Apple has repeatedly stressed that there are no ongoing talks and that the two sides haven’t met for “months.”

Apple has accused Qualcomm of double-dipping on patent royalties, charging both when Apple licensed the patent portfolio and again when it sold cellular chipsets. Qualcomm, meanwhile, has maintained that its patents venture beyond chipsets and that its licensing approach has been valid. It has gone so far as to threaten to block iPhone X sales, although that’s purely symbolic now that the phone has been discontinued.

The timing raises the potential for another lengthy patent battle similar to the seven-year conflict between Apple and Samsung. However, Apple may have an ally on its side. The FTC is set to go to trial against Qualcomm over antitrust issues on January 4th, and the eventual outcome of that case might influence the chip designer’s chances against Apple. If the FTC prevails, Qualcomm might have trouble convincing the San Diego court that its royalty practices are fair.

Earlier this week, Qualcomm CEO Steve Mollenkopf made headlines when he said his company was “on the doorstep of a resolution” with Apple, implying a settlement was possible. Now, an Apple attorney is refuting that notion, saying the two companies “are going to need a trial.”

As reported by the San Diego Union-Tribune, Apple attorney William Isaacson told U.S. District Judge Gonzalo Curiel this week that a trial will be necessary. This echoes a Reuters report from last month which claimed Apple had “no plans” to reach a settlement with Qualcomm. 

Further, Judge Curiel has officially set a trial date for the case between Apple and Qualcomm. The trial will begin on April 15th in San Diego federal court. Qualcomm had originally pushed for a February trial, but Cruiel said an April date is needed to “accommodate the court’s schedule.”

It’s possible that Mollenkopf’s interview with CNBC earlier this week was just misconstrued, but now it’s seemingly clear that a settlement between Qualcomm and Apple is out of the question.

Throughout this legal battle, Mollenkopf has remained optimistic about the potential for a business relationship between Qualcomm and Apple – likely due to the disastrous effect losing Apple as a customer is having on Qualcomm’s financials. In the same CNBC interview this week, Mollenkopf said Qualcomm “would love to work with Apple” on 5G technologies, though other reports have indicated Apple is instead working with Intel.

The case centers around Apple’s accusation that Qualcomm is illegally taking a cut of each iPhone sold with Qualcomm’s modem technology inside. Further, Qualcomm alleges that Apple stole trade secrets and gave them to Intel. We should be in for quite the trial come April.

Reference

Apple and Qualcomm Judicial Issue on Settlement

Apple Vs Qualcomm

Latest Ebola Outbreak Is The Worst

“This tragic milestone clearly demonstrates the complexity and severity of the outbreak. While the numbers are far from those from West Africa in 2014, we’re witnessing how the dynamics of conflict pose a different kind of threat,” said Michelle Gayer, senior director of emergency health at the International Rescue Committee.

The alarmingly high number of infected newborns in Congo is another concern, and so far a mystery. In a separate statement on Thursday, WHO said so far in this outbreak, 36 Ebola cases have been reported among newborn babies and children under 2.

This is the first time this turbulent part of northeastern Congo has had an Ebola outbreak. Congo’s health ministry has carried vivid accounts of residents, spurred by rumors, who have been trying to stop safe burial practices that halt the spread of Ebola from victims to relatives and friends.

On Thursday, the ministry said a group of youths broke into a morgue, stole the body of an Ebola victim and returned it to their family.

Reference

Latest Ebola Outbreak in Congo

US Economy Grow By 3.5 % In Third Quarter

 

A worker loads a tray of green rubber to be molded into golfball cores at the Acushnet Holdings Corp. Titleist Ball Plant III facility in New Bedford, Massachusetts.

Scott Eisen | Bloomberg | Getty Images
A worker loads a tray of green rubber to be molded into golfball cores at the Acushnet Holdings Corp. Titleist Ball Plant III facility in New Bedford, Massachusetts.

The U.S. economy slowed in the third quarter as previously reported, but the pace was likely strong enough to keep growth on track to hit the Trump administration’s 3 percent target this year.

Gross domestic product increased at a 3.5 percent annualized rate, the Commerce Department said on Wednesday in its second estimate of third-quarter GDP growth. That was unchanged from its estimate in October and well above the economy’s growth potential, which economists estimate to be about 2 percent.

The economy grew at a 4.2 percent pace in the second quarter. While businesses accumulated inventory at a faster pace and spent more on equipment than initially thought in the third quarter, that was offset by downward revisions to consumer spending and exports.

Economists polled by Reuters had forecast third-quarter GDP growth unrevised at 3.5 percent.

Growth is being driven by the White House’s $1.5 trillion tax cut package, which has given consumer spending a jolt and bolstered business investment. The fiscal stimulus is part of measures adopted by President Donald Trump’s administration to boost annual growth to 3 percent on a sustainable basis.

The government also reported on Wednesday that after-tax corporate profits increased at a 3.3 percent rate last quarter after rising at a 2.1 percent pace in the second quarter.

An alternative measure of economic growth, gross domestic income (GDI), increased at a rate of 4.0 percent in the third quarter, quickening from the second quarter’s 0.9 percent pace.

The average of GDP and GDI, also referred to as gross domestic output and considered a better measure of economic activity, increased at a 3.8 percent rate in the July-September period, up from a 2.5 percent growth pace in the second quarter.

But dark clouds are gathering over the economic expansion that is now in its ninth year and the second longest on record. Business spending on equipment appears to have weakened early in the fourth quarter and higher interest rates are slowing demand for housing.

With oil prices rapidly falling, business spending on equipment is likely to moderate significantly. Lower oil prices tend to hurt investment in the energy sector because of reduced profits. Brent crude oil prices have slumped by more than 30 percent from a four-year high above $86 in early October, pressured by concerns of oversupply amid slowing global economic growth.

General Motors announced on Monday that it would cut thousands from its North American workforce, slash production and eliminate some slow-selling car models, which could have ripple effects on the domestic economy.

Solid third-quarter growth is expected to keep the Federal Reserve on course to raise interest rates in December for the fourth time this year, despite an escalation of criticism from Trump that tighter monetary policy is starting to slow down the economy.

Consumer spending revised lower

Growth estimates for the fourth-quarter are currently around a 2.5 percent pace. Economists expect GDP growth to slow further in 2019 as the fiscal stimulus fades and the effects of a bitter trade war with China as well as trade disputes with other trade partners take their toll.

The third-quarter growth slowdown mostly reflected the impact of Beijing’s retaliatory tariffs on U.S. exports, including soybeans. Farmers front-loaded shipments to China before the tariffs took effect in early July, boosting second-quarter growth. Since then, soybean exports have declined every month, increasing the trade deficit.

Growth in consumer spending, which accounts for more than two-thirds of U.S. economic activity, increased at a 3.6 percent rate in the third quarter. That was down from the 4.0 percent rate estimated in October.

Imports increased a little bit faster in the third quarter than previously estimated while the drop in exports was much sharper, leading to an even wider trade gap, which sliced off 1.91 percentage points from GDP growth in the third quarter, instead of the 1.78 percentage points reported last month. That was the most since the second quarter of 1985.

The rebound in imports was partially driven by strong domestic demand and also reflected a rush by businesses to stockpile before U.S. import duties, mostly on Chinese goods, came into effect late in the third quarter.

Imports subtract from GDP growth. But some of the imports likely ended up in warehouses, adding to the stockpile of inventory, which contributed to GDP. Inventories increased at an $86.6 billion rate, instead of the $76.3 billion rate estimated in October.

As a result, inventory investment added 2.27 percentage points to GDP growth. That was more than the 2.07 percentage points reported last month and was the biggest contribution since the fourth quarter of 2011.

Business spending on equipment increased at a 3.5 percent rate, instead of the previously reported 0.4 percent rate. That was still the slowest pace in two years. The moderation in business spending has been blamed on the import tariffs, which are increasing manufacturing costs for companies, such as Caterpillar3M and Ford Motor.

Some companies including Apple used their tax windfall to buy back shares on a massive scale.

Reference

US third-quarter GDP growth unrevised at 3.5%

Corporate Profits Increased Due to hike in US Economy