Toshiba posts $318m full-year loss
Troubled Japanese conglomerate Toshiba has posted a net loss of 37.8bn yen ($318m; £209.3m) for the year to March.
The delayed result follows the sale of its stake in Finnish firm Kone, in a bid to bolster its bottom line amid a recent accounting scandal. The sale of the 4.6% stake in the lift manufacturer was worth $946.2m.
Toshiba's president and vice-president resigned in July after an independent panel found the company had overstated profits for the past six years.
The panel said operating profits had been overstated by $1.22bn, roughly triple an initial estimate by Toshiba. The company has apologised to investors and has made attempts to avoid further accounting irregularities.
Porn app took secret photos of users
A malicious Android app that held people to ransom has been found by US security firm Zscaler.
Adult Player appeared to offer pornography, but secretly took pictures of users with the phone's front-facing camera. It then locked the user's device and displayed a demand for $500 (£330) which was difficult to bypass.
One security expert told the BBC that ransomware was a lucrative and growing area of cybercrime.Apps which demand money from people with a threat to release private information, or wipe a device, are known as ransomware.
In August, Intel Security said examples of ransomware had increased 127% since 2014 - primarily affecting desktop computers and laptops. "One of the reasons for the increase is that it's very easy to make," said Raj Samani, chief technology officer for Intel Security in Europe.
"There are people you can pay to do the work for you, and it pays really well. One group we tracked made more than $75,000 in 10 weeks. "Apps like this rely on the embarrassment factor. If you don't pay, your reputation is on the line."
Adult Player was the second example of pornography-focused ransomware discovered by Zscaler. The app was not available from vetted storefronts such as Google Play, but could be installed directly from a webpage.
Zscaler said the app's ransom message kept the phone's screen switched on at all times, and reappeared if the handset was restarted.
Turks and Caicos Islands Cricket Association Summer T20 Cricket League Tournament
The Turks and Caicos Islands Cricket Association Summer T20 Cricket League Tournament sponsored by HAB Group, continued on Sunday; 6th September 2015 at The Downtown Ball Park, Providenciales.
Mitsubishi Electric won the toss and batted then posted a massive 243 runs for the loss of 4 wickets. Captain Paul Collis lead the way with a belligerent 84 runs, which contained 13x4 and 1x6 and Vickram John supported with pugnacious un beaten 64 runs, 8x4 and 3x6
Bowling for QualitySuperKings Jawellin Sealy, Robert Johnson and Ebbon Caesar took one wicket each.
In reply K quality Super kings reach 174 runs in 20 overs for the loss of 6 wickets. Nuwan Bodhinayke top scored with 56 runs 8x4 and 4x6 and Ebbon Caesar Contributed 51 runs 8x4 and 2x6
Bowling for Mitsubishi Electric: Dax Bruton and Dane Ritchie claimed two wickets each. Player of the match: Paul Collis.
Digicel and NBA Host Youth Jumpstart Basketball Clinic
Digicel and the National Basketball Association (NBA), have joined in partnership to launch the Digicel NBA Jumpstart Basketball Clinics in the Caribbean. The Digicel NBA Jumpstart Clinics will offer aspiring young basketball players an opportunity of a lifetime to train under the tutelage of official NBA coaches. The basketball clinics were officially launched in the Caribbean on Aug. 24th and will continue through to Sept. 28th.
The Turks & Caicos are one of six countries that were selected to host a clinic, which will take place Sept. 13th – 15th at the Graceway Sports Centre in Providenciales. The clinics will be run by NBA coaches from the league’s International Basketball Operations, and focus on player development, as well as developing local coaching expertise. Hence, this clinic will bring together forty-two (42) local under 16 players and fifteen (15) local coaches.
Head of the Provo Amateur Basketball Association (PABA) and head of the Rising Stars Basketball Club, Mr. Sydwell Glasgow and Mr. Mervin Forbes respectively, said that they applauded Digicel and the NBA for such a “much needed” initiative to help our youth. They went on to express their excitement in being a part of such a special opportunity, where local coaches and players could benefit from NBA style training.
“We are extremely proud to be bringing the Digicel NBA Jumpstart Basketball Clinic to the Turks & Caicos Islands. Digicel is all about inspiring young athletes to follow their dreams, and this initiative further supports Digicel’s philosophy of grassroots sports programs,” said Trina Adams, Head of Marketing for Digicel in the TCI. “This is a tremendous opportunity for young Turks & Caicos Islanders to jumpstart their NBA dreams. We share the vision of the NBA to grow the sport in the region and to teach the values of a healthy and active lifestyle.”
As with Digicel’s successful football programme, the Digicel Kickstart Clinics, the best athletes in each country will be selected for the intensive “Elite Camp” programme Sept. 26-28 in Trinidad and Tobago. The top eight players from the Elite Camp, as determined by an NBA coach and legend, will have the opportunity to attend an NBA game in the U.S, tour an NBA arena and be put through their paces at an NBA facility.
The Elite Camp and camper trip to the U.S. to attend an NBA game will be shared with Digicel customers online, digitally and through mobile and will be broadcast on Digicel Sportsmax, which brings NBA fans closer to their favourite teams through its live coverage of the NBA season, which tips off Oct. 27.
In March, Digicel and the NBA announced a multiyear partnership that will deliver live games and extensive NBA programming to the Turks & Caicos and more than 29 other Caribbean territories through Digicel SportsMax and make Digicel the Official Wireless Partner of the NBA in the region. This partnership also allows Digicel customers to get in on the action through a number of promotions that will be launched across the Caribbean.
What Do You Mean,Fastest-selling Single in the UK to Date
Pop singer Justin Bieber has scored his first UK number one track with What Do You Mean, his fastest-selling single in the UK to date.
It is only the third time the Canadian has had a solo Top 10 song in the UK, and his first since 2012's Boyfriend.
That number two hit notched up sales of 55,000, a total well beaten by his new song's combined sales total of 84,000.
What Do You Mean has had more than 21 million streams worldwide on Spotify, setting a new record for the service.
In the UK alone it has racked up 3.2 million plays on streaming services, the most any single has recorded in the UK in its first week.
The previous record was set last month by One Direction, whose Drag Me Down had 2.03 million plays in its first week on release.
Bieber's chart triumph comes at the expense of last week's number one, Rachel Platten's Fight Song, which drops one place to two.
Apple puts TCI on its main page
TCI is placed on the main page as Apple displays the country’s name and location in its new iOS 9 Preview. The multinational technology company known for its series of iPods, iPhones, iPads, and personal computers has highlighted the TCI for it’s beautiful, blissful beaches, scenery and as a perfect honeymoon location.
This cool highlight by Apple is sure to give the TCI more than 15 minutes of fame.
The Sainsbury's 2015 School Games kicked off in style last night with a spectacular Opening Ceremony at the Manchester Arena
The young athletes, who will be competing across 12 sports over the next three days, were paraded through the arena before a host of entertainment wowed the crowd.
The Wire Gymnastics Club from Warrington, the Queen Elizabeth Academy Dance Group and singer Holly Fallon were just a few of the performers on display, while the Voice in a Million choir made sure to get the crowd involved with a rousing rendition of 'Superheroes' by the Script.
In addition to the UK pupils, there were also international contingents from Brazil, Anguilla and the Turks and Caicos Islands as the Sainsbury's 2015 School Games, supported by National Lottery funding from Sport England and delivered by the Youth Sport Trust, promises to be a tightly contested affair.
Of the 61 athletes representing Great Britain at the 2015 World Athletics Championships last month, 17 were School Games alumni and one of those, Dina Asher-Smith, was on hand to officially declare the Sainsbury's 2015 School Games open alongside triple world swimming champion Adam Peaty.
Dina, who is the fastest woman in British history over both 100m and 200m and competed at the 2012 edition of the event, also joined Olympic gold medallist Jason Gardener to give a sprinting masterclass yesterday morning.
"When I competed at the Sainsbury's School Games, I remember making loads and loads of friends from all the different sports," she said.
"We met gymnasts, people who did table tennis, cyclists - it was so much fun.
"It's the closest thing we get on home soil to mimicking an Olympic Games and it's a great opportunity for the athletes to experience the multi-sport environment and high-quality competition."
The Sainsbury's 2015 School Games is supported by a range of partners including the Department for Culture, Media and Sport, Sport England, Youth Sport Trust, Department of Health and British Paralympic Association.
In total, 1,600 athletes will strut their stuff in Manchester this weekend, with some already in action on Thursday as both the boys and girls hockey group games got underway at The Armitage Sports Centre.
It was England White and England Blue who set the tone for the girls with 4-1 and 3-0 wins over Wales and England Red respectively.
Meanwhile in the boys' pool games, England Blue edged an entertaining match against England Red 6-4 and reigning champions England White showed they have no intention of relinquishing their title as they defeated Wales 2-0.
"As any team in any tournament you want to get off to a cracking start," said England White captain, and scorer of the second goal, Alex Kingston.
"And with a win like that, with the confidence we had in the second half, we have learnt our lessons and we're going strong into our next match.
"We want the gold medal. We've done lots of training and selections to get picked, it's been a year-long process to get up to it and being here now taking part in this event is great."
WAKE UP, wake up Turks and Caicos, today is the only day that Team TCI will compete, so please watch our two athletes, Colby Jennings and Sanadia Forbes do their thing. You can watch them via live streamingwww.2015schoolgames.com. Here they are at the Stadium ready to represent TCI at their best. Sanadia is running at 7:45 am and jumping at 11:15 am. Colby is running at 7:30 am and again at 11:00 am. These are all TCI times, so you have an opportunity to watch at least 2 events before heading out to work. Wish them well.
Kim Davis In Jail For A Week
A county in the US state of Kentucky has started issuing marriage licenses to gay couples after the county clerk was jailed for refusing to do so. Kim Davis, an elected official in Rowan County, has said the Supreme Court's ruling conflicts with her beliefs as a born-again Christian.
Some of her deputies began processing the licenses on Friday. giving one to a gay couple previously denied one. The US Supreme Court declared gay marriage legal in June.
On Thursday she denied herself the opportunity to be released from jail after refusing a judge's request to allow her clerks to issue licenses. US District Judge David Bunning said Ms Davis could remain in prison for up to a week.
Five deputy clerks later told the judge they would comply with the court order and started issuing marriage licenses on Friday morning. But Ms Davis's son, who is a sixth deputy clerk, refused.
Imports increased in Turks and Caicos by 8.5%
The Strategic Policy and Planning Department (SPPD) announced today that imports for the first half year increased by 8.5%.
The Turks and Caicos Islands Merchandise imports totaled approximately $208 million for the first half of 2015, representing an increase of $16.3 million or 8.5% when compared to the same period last year. Exports from the Turks and Caicos Islands during this period were valued at $2.1 million when compared to $3.8 million during the first half of 2014. This resulted in an overall merchandise trade balance of approximately -$205.9 million during the first half of 2015 and the worsening of the overall trade balance by more than 10.4 percent or $9.6 million.
"Due to the current growth that is taking place in the tourism sector, the attraction of direct investment, the projected growth in the construction sector of the TCI economy and the lack of a more diversified group of exports, it is likely that the trade imbalance will continue to increase in the foreseeable future," stated Acting Director of SPPD, Mr. Shirlen Forbes.
"The rising imports however, could be looked at in a positive light. As a country with high value of imports, the increase in imports may also be reflecting the uptick in activity taking place in the TCI economy, showing that Turks and Caicos consumers are buying and developing more. Evidence of this can be seen in the increase of motor vehicle imports by 61.5% during the first half of 2015 when compared to the same period last year.
"This undoubtedly reflects the significant increase in motor vehicles from Asia. Motor vehicles imports at the Grand Turk Port and Providenciales South Dock Port increased by 112.4% and 110% respectively. The increase in motor vehicle imports made Machinery and Transport equipment, by far the largest expenditure, amounting to $58.2 million, or 28.0% of total imports when analyzing the data using Standard International Trade Classification (SITC)."
Given the performance of Merchandise trade during the 1st half of this year, SPPD is forecasting that imports will increase by more than 22% for the 2015 calendar year, whereas exports will experience a decline of more than 5 percent.
US economy adds 173,000 jobs in August
The US added 173,000 jobs in August, the Department of Labor said on Friday, in the last unemployment report before September's interest rate decision by the Federal Reserve.
That was below the 217,000 predicted by analysts, although the Labor Department said that figures for August tend to be revised higher subsequently.
The unemployment rate fell to 5.1% - down from the July figure of 5.3%.
The rate is the lowest since April 2008.
Wall Street headed lower following the numbers, with the S&P 500 falling 1.3% and the Dow Jones industrial average shedding more than 200 points or 1.2%.
European stock markets, which had been trading lower before the data was released, extended their losses, with the FTSE 100 in London down 2% and indexes in Paris and Frankfurt dropping about 2.5%.
Source:BBC