Apple´s new Watch – fitness and health

Apple-Watch-Series4_watch-front-training_09122018Apple  Inc. ((AAPL) has today launched new series of Apple Phones and Watches. The Apple Watch Series 4 include the largest Watch display yet.  According to the company, the new Watch is fundamentally redesigned and re-engineered.

Apple says that the viewing area is over 30 % larger than before, but also the new technology improves the power efficiency – meaning that it should work the whole day on a single charge.

The Watch is having a new infographic display which enables users to have different functions at the same time. Like: air quality index, UV index, Heart rate, Activity, music, workout, breathe, weather.

According to Apple, they have developed the Watch further – to include the security of fall detection and Emergency SOS calls, if needed. The heart rate is monitored by  the Digital Crown Electrode in the Watch. The application is coming later this year, company says.

According to Apple, the Watch is becoming the information centre of users health data. It could include all this information:  activity, sleep, mindfulness, and nutrition.

It seems that the new Apple Watch is the first of its kind, a new Medtech product from Apple.

Business Tech

China and the UK in trade talks – China to resume purchases of US crude oil?

China and Britain have agreed to actively explore the possibility of discussing a top notch free trade agreement. According to Reuters, the China Commerce Ministry said on Saturday that the countries discussed last week how to boost the two-way investments and expand trade in services. The British Trade Minister Liam Fox and  the Chinese Minister  of Commerce Zhong Sham met last week in Beijing.

The UK has said earlier that it  aims to grow the export to 35 % of the gross domestic product after leaving the EU.  The official talks of the free trade cannot begin until Britain has left the Union.  The departing time is Friday 29th March 2019, at 11 pm. There is also the new transition period from the March 2019 to December 2020 to get everything in place and allow businesses to prepare for the new post-Brexit time.

It seems that during last week there has been some progress in the trade disputes. For example according to Reuters the Chinese Unipec, which is a trading company of the China Petroleum & Chemical Corporation (386: HK)  (Sinopec), would resume the purchases of US Crude Oil in October. This would be the start of the buying after two-month delivery stops due to the trade tarffis talks.

Sinopec is one of the largest buyer of US Crude Oil. The company has also launched its Green Action Plan, which means that the company is aiming to become a clean, efficient and low-carbon company by 2023. This means for example that the share of its clean energy output would grow in the energy mix and for example LNG transfer capacity would reach more that 26 million tonnes a year and geothermal heating would reach 120-150 million square meters by 2023. This would mean geothermal heating to about 2,1 million urban residents.

The company said that the half-year earnings were at the highest level on record due to the profits in refining and rebound in crude prices. According to Bloomberg, net income was 42,4 billion yuan in the first 6 months. Operating profit from the refining business was up 32,5 % to 38,9 billion yuan and the chemical segment showed a 29,7 percent gain.

Revenue rose 11,5 percent to 1,3 trillion yuan and capital expenditures were 23,7 billion yuan in the first half compared with the full-year estimate of 117 billion yuan. Sinopec made the filing to Shanghai Stock Exchange  today on Sunday.

 

 

 

 

Business

Helsinki2018: How the markets will open on Monday?

 

helsinki2018-logoThe big question in the financial markets will be the market reactions on Monday. What have we heard so far? The first thing is that trade wars are real at the moment and the markets are waiting for more information from the meeting in Helsinki on Monday. Will the US president Donald Trump or Russian president Vladimir Putin say something regarding the trade wars, economics or sanctions? Last week the markets closed mixed globally.

The trade wars are affecting primarily auto, steel and aluminum industries globally. So far the auto industries have developed very differently. For example the Swedish car manufacturer´s Volvo stock price  (VOLVB) has increased by nearly 2 % annually, but for example the luxury car manufactuer Ferrari (Ferrari) by over 50 % in New York, On the other hand Tesla´s  (TSLA) stock price has declined by over 2,5 % and the German company Daimler´s  (DAI) by over 6 % and Volkswagen´s (VOW) with 0,5 % during the same period.

The autoindustry is important to the EU, while the German auto production is about 20 % of the global passanger car production. The turnover is about 404 billion euros according to the German Trade & Invest. And the industry sector is having otherwise very good future outlook with energy efficient cars, growth estimates are nearly 30 procent annually by 2020.

In the US, the autoindustry has seen signs of declining sales during the summer time – General Motors and Ford  have been reporting. The city of Detroit is facing lay offs.

Last year totally 17 million passanger cars were built in the EU and EU was the second largest producer of passanger cars. The US production declined by 11,5 percent and the production totalled 8 million cars.  China maintained its leading position among global passanger car producers – totally 29 percent of all cars were produced  in China according to ACEA.

So, one can understand that Tesla decided to build a new car plant in China.  The company announced last week that they will open a plant in Shanghai delivering 500 000 vehicles a year. The project time for the plant is about five years, but the size of the investment was not published.

The autoindustry is having big changes and for example the OEM production is also one part of it. So far, the EU has been the place for premium cars, but for how long? Also the UK Brexit-talks will have their own impact on the autoindustry development,

 

 

 

 

 

 

 

 

Business Finance

Helsinki2018: How about the investments?

helsinki2018-logo

The tradewars between the US, China and the EU are escalating in all frontiers. The world economies are already suffering of the lack of confidence and stability. It really needs a crystal ball to see behind the unexpected and C-level executives are trying to navigate in the day-to-day  ever changing economic environment. It is clear that the tradewars  and sanctions will be one of the top questions in the #Helsinki2018 meeting with presidents Donald Trump and Vladimir Putin.

The world economy is mixed up. The discussion in the NATO meeting in Brussels this week also showed the power of the US. The defence budget of 2 procent of the NATO-country´s GDP is one of the questions but also the questions of next investments and taxes. Which country will be the next growth country to invite international investments and money? And what will happen to institutions, are they ready to renew their way to operate and engage? It seems clear that Nato in not the only one, there might also be the UN and for example IMF and World Bank in the financial markets.

It is no wonder that the space will be the next generation growth area. At the moment there are no internationally and generally accepted laws and rules how to proceed with the new technology and investments. It offers taxfree for everybody who could have the access to ride to the moon. And that is why it is important for countries to have as much co-operation and network as possible in order to be along in the process. Like for Finland, which is a small, but quite innovative country, to be part of the technology development.

The number two is also important for the European Central Bank (ECB). This is the inflation target of the EU area. The bank´s monetary policy says that the main target for the central bank is to keep price stability and the inflation below, but close the 2 % over the medium term. This is the mechanism how the EU area will have growth and jobs, but also how to keep the value of euro.

One can say that this is also the same what president Donald Trump is doing with “corporate America and America first”. And so far it seems working – the earnings of listed companies have risen by 22 % compared to year ago and investments are up 19 procent. The relaxation of banking rules and corporate taxes have fueled the economy.

The new inflation numbers from the US show the trend – inflation is on rise and it has strengthen the dollar.  The figure 2,9 % is a clear sign for the Federal Reserve to rise the interest rates- it is estimated that there will be at least two increases this year.

The euro has fallen to 1,17 dollars. And naturally the ECB is worried about the overall economic situation in the Eurozone. Tradewars and sanctions are not helping the economic growth and rising inflation on the other hand will increase the pressures to rise the interest rates.

It seems clear that old rules are not working any more. In order to avoid the global economic and financial crisis, action, co-operation and readyness is needed from cabinets. Maybe we see something about this on Monday in #Helsinki2018?

Päivi Härkönen

 

Business Finance

Xiaomi planning over 6 billion dollars IPO

Xiaomi, the Chinese smart-phone maker,  is planning to raise 48 billion HK dollars ( 6,12 billion US dollars) in the IPO in HongKong, the company said on Saturday. It would be the biggest Chinese tech IPO since Alibaba in 2014.

Mi MIX in white_01_preview

The Company will offer about 2,18 bilion shares priced between 17 and 22 HK dollars. The offering is starting next Monday and ending at Thursday. Trading of the shares is expected to start on July the 9th.

According to the founder, chairman and CEO Lei Jun the company´s revenue has exceeded 100 billion yuan (15,3 billion US dollars). The company was founded seven years ago. Xiaomi will be investing in global expansion and internet ecosystem.

Xiaomi is an internet company with smartphones and smart hardware integrated with its IoT platform.

Business Tech

BMW´s new electric Concept iX3 -range 400 km

 

P90301493_highRes_bmw-concept-ix3-04-2BMW´s new electric concept iX3.

BMW Group  (BMW:GR) is working hard with electric cars. The company has  published a new electric concept car,  iX3  at the Auto China 2018 show in Beijing.

This is the first model from the BMW brand to be driven purely by electric power as fully-fledged Sports Activity Vehicle (SAV).

– The expansion of locally emission-free mobility vehicles is one of the key areas of centralized action, alongside with automated driving, high-end connectivity and new digital services, which are driving the company’s transformation of the mobility industry as part of the NUMBER ONE> NEXT strategy.

According to BMW, the launch of the fifth-generation electric drive system technology  makes integration into different vehicle architectures significantly easier. The individual components of this new BMW eDrive technology stand out with their lower weight, scalability and compact construction.

– The electric motor, transmission and power electronics are now grouped into a single component, making it much easier to integrate them into different vehicle architectures. Plus, their modular construction enables them to be adapted to the performance levels required and the available space. Another notable element is that the electric motor does not need any rare earths, which means the BMW Group is not dependent on their availability, the company says.

The version of the fifth-generation electric motor developed for the SAV generates maximum output of over 200 kW/270 hp. The likewise model-specific high-voltage battery has a net capacity of over 70 kWh, which is enough to give the electric SAV a range of more than 400 kilometres (249 miles) in the WLTP cycle.

Another major feature of the high-voltage battery  is its optimised charging capability. The energy storage system has a newly developed Charging Control Unit and is designed to be hooked up to fast-charging stations generating up to 150 kW. The highvoltage battery can be charged in just 30 minutes from one of these stations.

BMW i is also associated with  DriveNow (car sharing), ReachNow (car sharing 2.0), ChargeNow (easy access to the world’s largest network of charging points), ParkNow (straightforward location, reservation and payment of parking spaces).

 

Business Tech