Prince Charles Tours Down Under Amid Union Flag Debate

Prince Charles Tours Down Under Amid Union Flag Debate

Britain’s Prince Charles and his wife Camilla qill start the 12-day trip in which they will visit a dozen different cities and towns in Australia and New Zealand. (File Photo)

WELLINGTON, NEW ZEALAND:  Britain’s Prince Charles on Wednesday launches a potentially awkward tour Down Under, where New Zealand’s premier is pushing to drop the Union Jack from the flag and Australia’s new leader is a staunch republican.

Charles and wife Camilla arrive in Wellington to start the 12-day trip in which the heir to the throne will visit a dozen different cities and towns across the two countries including New Plymouth, Dunedin, Auckland, Sydney, Perth and Albany.

The prince’s office said the tour had a strong emphasis on honouring the military, with this year marking the centenary of the Anzac landings in Gallipoli, Turkey, during World War I that helped forge the identities of both Australia and New Zealand.

New Zealand Prime Minister John Key has also sparked a debate on national symbols by calling a referendum on changing the flag, which features a Union Jack in the corner.

Key argues it is time to ditch the symbol of New Zealand’s colonial past and later this month Kiwis will begin voting in a postal ballot to pick a potential alternative.

While Charles will likely avoid any controversy on the subject, he may take comfort from the fact that opinion polls predict the existing flag will be retained when the issue is put to a final vote in March.

If Charles becomes king in the future, as expected, he will become monarch of both Australia and New Zealand, which were once part of the British empire but are now independent.

The British crown’s power in Australia and New Zealand is seen as largely symbolic, but while Queen Elizabeth II is hugely popular in both countries the monarchy is still viewed by some as a colonial relic.

While Key may support changing the flag, he remains an ardent monarchist, unlike Charles’ host on the second leg of his tour, Australia’s new prime minister, Malcolm Turnbull.

Turnbull, who recently ousted royal supporter Tony Abbott in a party coup, is a former head of the Australian Republican Movement and campaigned passionately, but unsuccessfully, to ditch the monarchy in a 1999 referendum on the issue.

“The republic will come back,” Turnbull vowed at the time.

Since becoming prime minister, he has said that another republican referendum in Australia is unlikely while the Queen is still on the throne meaning the next one would likely be after Charles has assumed the crown.

Turnbull showed his republican fires still burn today when he removed knights and dames from the national honours system, saying such titles were “not appropriate” in modern times.

Other republic-supporting Australian prime ministers have courted controversy by bending protocol in meetings with the British monarchy, with Julia Gillard criticised for failing to curtsy to the Queen in Canberra in 2011.

Former leader Paul Keating was dubbed the “Lizard of Oz” by the British press when he touched the Queen’s back while guiding her through a crowd in the nation’s capital in 1992.


Amid Speak of ‘Peak iPhone’, Apple’s Prospects Hinge on Subsequent Model

Amid Talk of 'Peak iPhone', Apple's Prospects Hinge on Next Model

Apple’s instantaneous destiny rests with the iPhone 7.
If iPhone 7 does not surprise with new features, clients may not improve.
IPhone 7 is expected to feature waterproofing and wi-fi headphones.
Ask Siri if iPhone 7 can be the answer to Apple Inc’s troubles, and you are informed that a go to to Apple’sinternet site need to answer that question “and greater“.

If most effective it became that smooth.

Apple’s stocks closed down 6.3 percentage at $ninety seven.eighty two on Wednesday, wiping offapproximately $36 billion in marketplace cost, an afternoon after the organisation said its first-ever fall intelephone sales, arousing Talk of “Top iPhone”.

For many analysts, the company‘s on the spot destiny rests with iPhone 7, which Apple is predicted torelease in September.

“If iPhone 7 would not surprise with meaningful new useful capabilities, we worry that customers won’tupgrade,” Macquarie analyst Ben Schachter wrote in a notice to customers.

“And unfortunately, nothing that we have seen about iPhone 7 thus far strikes us as especiallyprogressive,” stated Schachter, who cut his fee target to $112 from $117 at the same time as preservinghis “outperform” score at the inventory.

The iPhone 7 is predicted to sport a brand new look with features inclusive of waterproofing, wi-fiheadphones and force touch as the home button.

But many wonder if as a way to be enough to entice customers to sell off their current iPhones ortransfer from the Android-based totally telephones that have come to dominate the phone marketplace.

Goldman Sachs eliminated Apple from its conviction listing after Apple’s effects and said it expected theagency‘s stocks to stay vulnerable till the marketplace gets more comfy with the Potentialities for iPhone 7.

Goldman turned into amongst at the least sixteen brokerages that reduce price outlooks on Apple’sstock, cutting its goal to $136 from $a hundred and fifty five at the same time as preserving a “purchasescore.

Of the forty six analysts masking the stock, 36 price it “buy” or “robust buy” or the equal. The median rategoal is $121, in line with Reuters statistics.

Apple usually launches new iPhones in September and sells the most gadgets within the December area.

Unit income usually drop over the following few quarters, choosing up after the following iPhone launch.

Nearly $200 billion wiped out
Together with the weaker-than-expected iPhone sales, Apple stated its first drop in revenue in a decade.income in China, the organization‘s most critical marketplace after the usa, fell 26 percentage.

Apple additionally forecast some other disappointing region for income.

The awful information overshadowed robust results from the enterprise‘s growing service business and an boom in share buybacks.

As of Wednesday’s near, Almost $two hundred billion has been wiped off the cost of the arena‘s mostprecious indexed company during the last yralmost the equal of the marketplace cap of Wal-MartStores Inc , the world‘s largest store. The inventory closing closed beneath $a hundred in February.

Apple’s disappointing effects in shape a latest sample for tech corporations. Microsoft Corp and Googleparent Alphabet came up quick of expectations.

Piper Jaffray’s Gene Munster stated that while there were few bright spots in Apple’s file, he believed Apple’s shares might rebound in 2016 as iPhone income begin to grow again within the fourth area.

Still, there has been a larger query approximately the iPhone’s longer-time period boom and otherelements that can pressure sales, he wrote. “That query stays unanswered after the March record.”

© Thomson Reuters 2016

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Jeera prices firm up amid new arrivals at Unjha market

Experts dub the bullishness a short-term trend as many countries devaluate their currencies

Firm domestic demand coupled with increased international buying has pushed up jeera prices both in the spot and futures market even as fresh crop arrivals hit market of Unjha, a main trading hub for the spice.

Prices are nearly up 10-15 per cent during March, while trade sources expect them to firm up from the current levels on increased demand and fears of crop damage on account of the recent unseasonal rains in the key growing regions of western India. At the expiry of March contract on Friday, jeera prices hit a high of ₹15,255 a quintal from the intra-day lows of ₹14,990 before settling at ₹15,200 on the National Commodity & Derivatives Exchange Ltd (NCDEX).

Prices edge up

“Fresh demand is seen since the past couple of days. In March, we saw sharp fluctuations in prices from ₹130 a kg to ₹150 now. Firm demand from domestic buyers and exports has pushed up prices in the futures,” said Arvind Patel, an Unjha-based commodity analyst. In the Unjha spot market, prices of the spice were at ₹14,987-15,000 a quintal. However, experts believe that there was marginal damage to the crop in parts of Rajasthan and that it was not likely to jack up the prices in the immediate future.

Short-term bullishness

Bhaskar Shah, Managing Director of Jabs International, a spice exporter, expressed bearish sentiment about jeera considering the production prospects.

“Prices may remain up for a short time, but in a few weeks prices are likely to fall. The reason is exports may not be as encouraging as it seems currently. There are several countries resorting to currency devaluation. Egypt did it recently by devaluating their currency by 13 per cent. Also, at some destinations, there are forex issues and payments are getting delayed. In such scenario, all hopes are on China, which has so far remained a small buyer with about 10 per cent of India’s total cumin exports,” said Shah, who is also the Vice-Chairman of Spices Board of India.

Export scenario

Jeera exports are expected to be around 1 lakh tonnes, which is in line with the average of last two years’ exports. Production is likely to be around 350,000 tonnes this year. Jeera arrival starts in March and continues through May. “During these three months about 22-26 lakh bags (of 55 kg each) are likely to arrive. So far, about 6-7 lakh bags have arrived in Unjha market. Export demand will pick up in April, which will further boost prices,” said Patel.

On the NCDEX, jeera April contract traded at ₹14,910 – up 1.88 per cent or ₹275 on Friday. Far month, jeera June contract was up 1.36 per cent or ₹205 at ₹15,270 a quintal, thereby indicating a further upside.


Google Sides With Facebook Amid Data-Dominance Investigation

Google Sides With Facebook Amid Data-Dominance Investigation

Google sided with Facebook amid a brewing antitrust clash over how the social network giant may have abused its power to leverage customer data.

Fabien Curto Millet, an economist at Google, told a Paris conference that it’s wrong to meld data privacy with antitrust issues. Earlier, the head of France’s competition authority said he preferred a less confrontational approach than his German counterparts had taken on the issue.

“We shouldn’t mix things up” and should instead reinforce specific regulators rather than putting competition officials in charge, Millet said. “The protection of data privacy is part of the good results produced by good competition,” but “it wouldn’t be logical to elevate that to a different status.”

Germany’s Federal Cartel Office said earlier this month that it’s examining whether Facebook abused its possible market dominance by forcing customers to agree to terms allowing the use of their data. The German probe adds to a growing list of antitrust threats to US Internet giants in the EU from Google to Amazon Inc. Up to now, Menlo Park, California-based Facebook has mainly tussled with privacy watchdogs in the bloc in a clash over its revamped policy for handling personal photos and data.

Bruno Lasserre, the president of the French competition authority, said his officials are analyzing so-called digital platforms and may open a sector inquiry into the industry or even some enforcement cases.

But he contrasted the approach to the one taken by Germany in the data-usage probe. Lasserre said he first wants to gain a better understanding of how companies operate, based on voluntary input from the industry without any threat of sanctions.

French and German antitrust agencies are working on a joint study on data to be published in April, he said. Lasserre encouraged other regulators such as France’s data protection regulator, CNIL, to take a stance when necessary.

“The French Competition Authority is powerful but it can’t be the universal righter of wrongs,” Lasserre said.

Facebook is “confident that we comply with the law and we look forward to working with the Federal Cartel Office to answer their questions,” according to a statement last week.

Andreas Mundt, President of Germany’s Federal Cartel Office, defended the Facebook investigation, saying that “if a market-dominant company forces illegal terms on its contract partners, this could constitute a misuse of power.”

Mundt said his officials have “preliminary evidence” that the company’s terms violate data rules. “What’s key is the competition-law and data-rule context, thus the analysis and action in different countries may well differ,” he said in an e-mailed statement.

© 2016 Bloomberg L.P.

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