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Tuesday, July 30, 2013

FastJet boosts travel between Tanzania and South Africa

(eTN) ? ?For some time the Dar es Salaam to Johannesburg route has only been operated by one airline and the lack of competition has created inflated fares. FastJet will substantially reduce the average fare and in doing so will encourage more leisure and business traffic between Tanzania and South Africa,? says Richard Bodin, COO of FastJet, whom this correspondent met recently at the Routes Africa meeting in Kampala.

South Africa will be FastJet?s first international route from Tanzania, as the airline has indicated flights between Dar es Salaam and Johannesburg will commence on September 27. FastJet will initially operate three flights per week, using their A319 for the 3? hour flight, offering full-service carrier South African Airways, for some time now alone on the route without competition, the prospect of having to drop fares to retain market share.

Precision Air, which has been holding the route rights as designated carrier from Tanzania, did some time ago halt their flights to South Africa, leaving the route to South African Airways, which while flying daily kept fare levels up to a point where many passengers would rather fly with Kenya Airways via Nairobi or with RwandAir via Kigali in order to get more affordably deals. These two airlines will no doubt be watching the market entry of FastJet on the Johannesburg route with hawk eyes too to see how their own connecting traffic to South Africa might be affected.

A regular source in Dar es Salaam quipped: ?I hope they will this time state ticket prices and not fares, to which then all those other charges have to be added, so that the market has a true measure of what they charge against the charges of SAA, KQ, and WB. It should in fact be to their advantage to give the public a direct comparison and not needing calculators again to work out what the final cost will be.?

No launch fares or ticket cost have yet been announced but are expected to be published shortly, when bookings are opening on July 31.

Source: http://feedproxy.google.com/~r/Eturbonews-TravelAndTourismIndustryNews/~3/WoZmyL4kzRw/fastjet-boosts-travel-between-tanzania-and-south-africa

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Chinese Worker Group Reports New Wave of Abuse at Apple Suppliers

A report from New York-based China Labor Watch has raised concerns over a new wave of worker abuse among Apple suppliers.

Oil-rich Saudi prince sees fracking as a danger to his country

Prince Alwaleed bin Talal says the Gulf Arab Kingdom needs to reduce its reliance on crude oil, because fracking technology under development in other nations will result in less dependency on obtaining energy resources in his homeland.

Global demand for Saudi oil will experience further decline as the U.S. and other nations, including Great Britain and Canada, begin to find their own oil elsewhere.

Bin Talal, who is worth the U.S. equivalent of $20 billion, published an open letter to his government on Twitter, aimed to get the attention of his country?s oil minister, Ali al Naimi, Sky News reports.

He wrote the letter out of concern that the demand for oil from the Organisation of the Petroleum Exporting Countries (OPEC) is ?in continuous decline,? and referred to the dangerous nature of Saudi Arabia?s dependence on the exportation of oil.

He also cited financial statistics, showing how much dependence his kingdom has on the oil industry.

?Our country is facing a threat with the continuation of its near-complete reliance on oil, especially as 92 percent of the budget for this year depends on oil,? he said.

Dan Kish, the vice president of the Institute for Energy Research, cited the prince?s reason for this fear as an economic concern, as well as the power of manipulation that ?less reliable? countries exert over other nations when they have a monopoly on certain products.

?If we looked at energy as a weak spot, as a potential threat to national security and a reliance on others, this changes that,? he told The Daily Caller. ?Many people find it liberating in a lot of ways.?

The technologies of fracking and horizontal drilling, which the U.S. and Canada did not have access to a few years ago, are allowing them to find energy at home, saving money, and keeping them more independent.

Kish also says there is a link between energy consumption and economic success, citing historical examples to explain national economic booms which occurred among countries consuming the highest amounts of energy, while also stressing that the costs of fracking are going down.

?Shale energy has been a game changer for economic growth,? Stephanie Catarino Wissman, executive director of the Associated Petroleum Industries of Pennsylvania, told TheDC. ?Hydraulic fracturing provided $62 billion in additional government revenue in 2012 and will provide more than $111 billion in 2020. 1.7 million jobs are currently supported by unconventional oil and natural gas activity, and that number grows to some 2.5 million jobs in 2015, 3 million jobs in 2020, and 3.5 million jobs in 2035.?

If the U.S. continues with these practices, we may never need to obtain oil from the Middle East again, she said, adding, ?With the right policies in place, America could meet 100 percent of its liquid fuel needs through safe, reliable North American sources by 2024.?

Kish stated that whenever a nation is dependent on another for an energy source, they are somewhat under the heel of that nation ? something that plays a significant role in their economy.

On finding an energy source at home, Kish said, ?That?s independence, that?s liberty.?

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Source: http://dailycaller.com/2013/07/29/oil-rich-saudi-prince-sees-fracking-as-a-danger-to-his-country/

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Christina Aguilera Stuns With New Slender Body!

Christina Aguilera slimmed down Christina Aguilera was fat-shamed last year by critics, but has certainly shut them up after losing 20 pounds and looking fabulous! Aguilera attended an NBC press event in Beverly Hills on Saturday, showing off the results of her hard work in a hot pink mini dress. The 32-year-old Grammy-winning singer looked healthy and happy in ...

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Source: http://stupidcelebrities.net/2013/07/christina-aguilera-stuns-with-new-slender-body/

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Video: SAC seeks to protect business

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Source: http://www.nbcnews.com/video/cnbc/52616538/

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Monday, July 29, 2013

Jawbone Hires Its First VP Of Data To Focus On The Intersection Of Wearables, Quantified Self And Personalized Health

Jawbone has made a key hire that shows some of the direction the company is headed towards when it comes to the quantified self and wearables development. The developer and manufacturer of the fitness device UP has brought on Monica Rogati, who was formerly a senior data scientist at LinkedIn, to be the company's first VP of data.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/pPB8rr-Ntx4/

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Dow slides on home sales dip; markets await Fed meeting

stocks

JeeYeon Park CNBC

1 hour ago

Stocks kicked off the week on a weak note as investors hesitated to jump in ahead of the Federal Reserve meeting and a series of key economic reports.

(Read more: 'Rally has gone too far,' Citi strategist says)

The Dow Jones Industrial Average finished 36 points lower, dragged by Bank of America and Hewlett-Packard, after squeezing out its fifth-consecutive weekly rally last week.

The S&P 500 and the Nasdaq also closed lower. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, rose above 13.

Still, the S&P 500 remains on pace for its best monthly gain since October 2011.

Among key S&P Sectors, energy and financials led the laggards,while telecoms gained.

On the economic front, pending home sales dipped 0.4 percent in June, according to the National Association of Realtors, pulling back from a six-year high in the previous month.

About one-fifth of the S&P 500 companies report earnings in the coming week. About half of the S&P 500 has reported earnings so far, with 68 percent beating earnings estimates, and 56 percent topping revenue forecasts, according to data from Thomson Reuters.

However, market attention will mostly be on the Federal Reserve's two-day meeting, which starts on Tuesday and may give an indication of when the central bank's massive asset purchase program will be tailed back. The Bank of England and the European Central Bank will also meet this week.

"All of them are expected to touch on the subject of forward guidance, albeit to various extents," Credit Agricole analysts wrote in a research note. "The clarity of the symphony will determine the level of support to the risk appetite. Should any of them be more explicit (more dovish) about forward guidance, the market can be expected to react in a positive way."

(Read more:Changes to Fed 'forward guidance' could lead to this)

The gross domestic product for the second quarter will be reported on Wednesday and the key payrolls report on Friday.

Meanwhile, Asian equity markets declined across the board as renewed fears of an economic slowdown in China hindered gains. Japanese stocks fell to a new four-week low on the back of the strengthening yen. The dollar-yen hit a new one-month low of 97.61 leading to a sell-off across the export-heavy Nikkei index.

Source: http://feeds.nbcnews.com/c/35002/f/663286/s/2f4d113d/sc/2/l/0L0Snbcnews0N0Cbusiness0Cdow0Eslides0Ehome0Esales0Edip0Emarkets0Eawait0Efed0Emeeting0E6C10A780A580A/story01.htm

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