• Samba

BUSINESS NEWS APRIL 1ST, 2016


TESLA UNVEILS CHEAP ELECTRIC CAR

It’s here. Months of waiting and hoping have led to this moment. On Thursday night, Tesla released its $35,000 electric car. Even before the big reveal, 115,000 people had already put down a $1000 deposit in order to reserve one of the massively anticipated cars. The Model 3 was an unknown entity to everyone. Most who had paid the deposit didn’t even know what the car would look like. They also didn’t know that it would go from 0 to 60 in less than 6 seconds and have a battery range of 215 miles per charge. Tesla CEO Elon Musk said that the Model 3 had the best specs for a car in its price range, and that buyers would not find a better option elsewhere..

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EMPLOYMENT INCREASES, WAGES STAGNATE

The monthly jobs report for March outpaced predictions tremendously, with the report showing an increase of 215,000 jobs, while most experts predicted a peak of just under 200,000. Jim O'Sullivan, chief U.S. economist at High Frequency Economics, asserted that “employment growth remains strong”. Despite this increase in jobs, wages have failed to show the same upward trend. Data shows wages increasing at a mere 2.3%, compared to last year’s 2.6%. Many consider the 4.9% unemployment rate to mean that the economy is at full employment, but also expect that job growth will slow this year, so that wages can catch up.

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FATHER PLEADS WITH APPLE TO UNLOCK IPHONE

Leonardo Fabretti, an Italian architect, adopted Dama, a young boy from Ethiopia as his own in 2007. Sadly, Dama died 8 years later in September 2015, due to bone cancer. Fabretti has been trying to unlock Dama’s iPhone in order to access the last photos of his son. However, the phone restarted, making it only possible to unlock the phone with the passcode. Apple has been trying for months, and failing, to unlock Dama’s iPhone. Fabretti has requested that if the phone cannot be unlocked, that Apple open a charity fund for Ethiopian

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#GeneralElectric #Foxconn #OLED #McDonald #Asia #FPI #India #FY16

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