Microsoft hands over Windows Phone 8 to top mobile firms

Microsoft gears up top mobile companies for its newly launched product . Nokia, HTC, Samsung and Huawei grab the chance to manufacture Windows Phone 8 for Microsoft. However, any specification about the new devices has yet not been revealed.

Microsoft has also stated that the new smartphones will be supported by a dual core processor Qualcomm.

The top mobile companies HTC and Huawei have already confirmed working on Microsoft’s new devices. Huawei will launch “Ascend” on Windows Phone 8 by the end of this year. Huawei is expected to launch the new product across U.S, China and Europe whereas rest three companies HTC, Samsung and Nokia have not revealed any detail on their plans with Microsoft’s new device.

Microsoft exhibited Windows Phone 8 software under preview on Thursday. The company made it clear however that the existing Windows Phone device owners will not be benefited with the new product though they may get an updated version WP 7.8 if desired.

Microsoft Surface

Microsoft unveils Surface tablets powered by Windows 8 operating system. Yesterday we posted about the possible lauch of Microsoft tablet. Here are some pictures from the official surface website.

Microsoft Surface Tablet Pics

Surface Tablet Windows 8
The first thing you will notice is the Touch Cover of surface tablet which acts as keyboard and trackpad. This keyboard which comes in different colors is just 0.12inch (3mm) thick.
Microsoft Surface Tablet
Image courtesy: Surface.com

Many of those who own iPad buy expensive cover to protect their favorite gadget from getting scratches. Microsoft found an opportunity here to add a built-in protective cover which will also work as keypad and track-pad. Business customers who are serious about working on tablet would love this feature.

Microsoft Surface Video

The official videos is posted on Youtube. You can watch the surface tablet video by clciking on the play button below.

The gadget have built-in kickstands with which you can easily place the tablet upright. The display screen measures 10.6 inch (26.9cm) and the surface tablet comes in magnesium cases.

Surface Models
According to the official website surface tablet will be available in two variations.

The Pro version will have Windows 8 Pro operating system equipped with 42-w-h power.
Memory: Select between 64 GB and 128 GB
Dimensions: 10.6″ display, 13.5mm Thick and weight 903 g
Connectivity Options: microSDXC, USB 3.0, Mini DisplayPort Video, 2×2 MIMO antennae
Key Hardware Features: Touch Cover, Type Cover, Pen with Palm Block

The light version has similar features except that it is powered with Windows RT operating system and weighs less.
Memory: Select between 32 GB and 64 GB
Dimensions:
Display: 10.6” HD, Thickness: 9.3 mm, Weight: 676 g
Battery: 31.5 W-h
Connection Options: microSD, USB 2.0, Micro HD Video, 2×2 MIMO antennae
Other Features: Office Home & Student 2013 RT, Touch Cover, Type Cover

Obama to create 110,000 jobs for US youths

The President of United States of America Barack Obama is to create 110,000 jobs for youths this summer. This is a decision that could boost the chances of the president among the youths in November elections.

This is an initiative which the president is partnering with cities of San Francisco, Chicago and Philadelphia. The initiative is to create 110,000 jobs, in addition to the mentorships and internships which would amount to 180,000 works during this summer. The people who are likely to benefit from this are 16-24 year old youths.

The program would make it possible for some government agencies such as the Department of Education and some programs like the Blue Shield Association as well as the Blue Cross, UBS, Johnson and Johnson to provide paying jobs for the youths as well as mentorships. They are also to provide other training programs for the youths.

The size of the unemployed youths in the country always increases between April and July. This is because of the students in colleges and high schools look for jobs during this period of the year. The president is trying to address this problem by this new initiative.

Australian firm grabs largest real estate deal

Investa Property, a subsidiary of Morgan Stanley Australia has completed the Australian $1.9billion deal with a bank in Australia, two banks based in Europe as well as Chinese bank. This deal is the largest real estate financing which the company is embarking for the past five years.

The chairman and the chief executive of the company, Scott Mac Donald said that the deal is a sign that the debt capital is available for investors. He said that this is possible because new lenders are also entering into the real estate market.

The chairman reiterated the economic relationship between Australia and the Chinese government. According to him this is the reason the Bank of China has shown interest in the project. He appreciated the involvement of the Chinese in property investment in the country.

He said that the European banks have not left the country, adding that they are actually here. The company maintained that the new debt is to refinance the Investa property funding. The trust office portfolio of the company is set to mature in December 2012.

Recession crops up in Europe says report

Business survey released showed that the performance of the euro zone economy worsened in April. This is contrary to the prediction by the European Central Bank President Mario Draghi who saw prospect in the economy.

The outcome of the Purchasing Manager’s Index, which cover services disclose that a recession is cropping up in Europe. That means that the recession which is affecting Europe could go beyond the time it was expected to end.

The survey indicated that Chinese companies are healthy. The prospect of growth for US was not as expected because 115,000 non farm jobs were created in the country in the month of April. This is less than the 170,000 expected for the month.

Although the president of the European Central Bank has predicted gradual growth of the economy across the euro zone, it appears that the PMIs have better tools of monitoring and tracking the performance of the economy.

A look at the economies of the countries in the euro zone would suggest that it is far from recovering. A look at the economy of Spain would suggest that the economy is far from recovering. It appears that the euro zone economy is contrasting.

G20 steps in with $430 billion to help IMF

The leading economies of the world G20 countries have pledged the sum of $430 billion to the International Monetary Fund to boost its capacity. The move by the G20 countries is to protect the world economy from the current debt crisis that is hitting the euro Zone.

The promised funds including those from the emerging economies of the world are aimed at strengthening the capability of IMF to respond to the threat to the global economy.  The problem of the debt crisis which is presently threatening many countries in the euro zone is the major target of IMF. It is aimed at protecting the fragile world economy that is just recovering from major recess.

Reacting to the development the Managing Director of IMF Christine Largarde said that the Fund is now empowered. She commended the collective resolve of the world to fight threats to the world economy. She said that the organization has a trillion dollars which include the existing funds and the recent donations.

With the new fund IMF is now in a position to bail out any country that is in need of help. It appears that the debt crisis is the major factor that is driving the donors for the various amounts they have contributed to the fund.

Microsoft profits surpass Wall Street predictions

The Microsoft Corporation has surpassed the prediction of Wall Street by making sales more than the Wall Street forecast for the company. The sales of Microsoft personal computers are more than expected and this makes its shares to climb to 2.5 percent in just hours.

The result is boosting the company which is at verge of launching of new user friendly tablet version of Windows. Microsoft is presently the largest software maker in the world.

The company wants to give challenge to the dominance of Apple and Google in the production of tablets mobile operating systems. The company wants to achieve that feet within the coming holiday season.

The company is happy with the development describing it as better than what they were expecting to achieve. The revenue accruing to the company has increased by six percent and this is happening before the new products arrive to the market later in October this year.

The share of Microsoft software is also on the rise, it reaches $32.95 last month which is the highest the company has attained for the past four years. The company is making plan to release its new version Windows 8 operating system in October this year. This would be a big challenge to the Apple product ipad. It is also expected that the Smartphone of Windows would be released at the same period.

Federal Reserve show consumer credit fails to grow

 

The report issued by Federal Reserve showed that the consumer credit did not grow as was expected in the month of February. The report showed that people were still borrowing to do basic things such as going to school and buying of cars.

 

The report which was released for the month of February indicated that the consumer installment credit grew by $8.73 billion. This is not up to the figure for the month of January. According to the report, this figure is less than $18.60 billion that was recorded in the month of January. Within the same period the Revolving credit which measures the use of credit card decreased for a second time within the year. The figure was down by $2.21 in February as against the $2.95 billion decline in the month of January.

 

However, non revolving credit increased by $10.94 billion in February. This includes the non revolving credit on auto loans and the loan to students funded by the government. This is as result of the surge of the non revolving credit which was $21.56 billion in January.

 

 

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The report issued by Federal Reserve showed that the consumer credit did not grow as was expected in the month of February. The report showed that people were still borrowing to do basic things such as going to school and buying of cars.

The report which was released for the month of February indicated that the consumer installment credit grew by $8.73 billion. This is not up to the figure for the month of January. According to the report, this figure is less than $18.60 billion that was recorded in the month of January. Within the same period the Revolving credit which measures the use of credit card decreased for a second time within the year. The figure was down by $2.21 in February as against the $2.95 billion decline in the month of January.

However, non revolving credit increased by $10.94 billion in February. This includes the non revolving credit on auto loans and the loan to students funded by the government. This is as result of the surge of the non revolving credit which was $21.56 billion in January.

Gasoline price hike climbs $3.69 per gallon in US

The efforts to recover American economy from the long effects of recession seem to sink back again. Rising cost of crude petroleum owing to tense situation in the Middle East has again taken its toll over the US economy. The price of gasoline has again registered an increase of 18 cent per gallon in the United States within two weeks.

According to a national survey report, the price of gasoline in the United States rose to $3.69 for one gallon three days back. The experts have attributed this hike to the turmoils cause by unstable political situations in the Middle East countries.

Also, the concerns over Iran’s reluctance to withdraw its nuclear programs have risen the fears over oil prices. In case, Iran blocks shipping of oil in the Hormuz Strait, the situation in American market might lead to a total collapse. This will be eventual in case Israel attacks over Iran. The depreciation in value of dollar has worsened the worries over rising oil prices.

The US oil prices are likely to jump a few cents more in coming weeks to compensate with the imbalance in the global market supply.