China sneezes and Apple catches a cold as tech giant loses $200 billion in one day…..

CC™ Business 

Apple has lost around $200 billion in market capitalization over several days as tensions between the U.S. and China rise, with several media outlets reporting this week that the iPhone maker is being singled out by Beijing.

Apple shares fell 3% Thursday and are down more than 5% for the week on reports of an iPhone ban for Chinese state employees that is being dictated by Beijing. 

The ban was first reported by the Wall Street Journal, which cited unnamed sources saying China is ordering officials at central government agencies not to use iPhones or other foreign branded phones. The Financial Times cited six unnamed sources at government institutions and state-owned companies, including a nuclear technology company and a hospital, saying they’ve been told to stop using Apple phones. The ban widens earlier restrictions on using iPhones for work, the outlets said.

“Beijing is looking to reduce its dependence on U.S. technology, but this (ban) acts as a significant headwind to Apple as China is its largest international market and accounts for about 20% of its revenues,” said Victoria Scholar, head of investment at interactive investor, a U.K. investment platform.

Apple didn’t respond to a request for comment. 

When asked about the ban at a daily briefing in Beijing, Chinese Foreign Ministry spokesperson Mao Ning didn’t comment directly, saying only that “products and services from any country are welcome to enter the Chinese market as long as they comply with Chinese laws and regulations.”

Tensions between the U.S. and China have been rising and early last month, President Joe Biden signed an executive order to impose blocks and regulations on U.S. high-tech investment in China, reflecting the intensifying competition between the world’s two largest economies.

White House officials said Biden, who departed Thursday evening for New Delhi, will use the annual G20 summit as an opportunity for the U.S. to highlight a proposition for developing and middle-income countries that would increase the lending power of the World Bank and International Monetary Fund by some $200 billion.

Biden seeks to drive home that the United States and its like-minded allies are better economic and security partners than China. 

The reported ban on the iPhone comes at a bad time for Apple, which is gearing up for its latest product launch next Tuesday Sept. 12, when it’s expected to unveil its latest smartphone, the iPhone 15. 

A teaser of the livestream for the event, dubbed “Wonderlust,” has been posted on YouTube, revealing no details. Reports are swirling that big changes are in store for the iPhone, including a switch from Apple’s Lightning connector to the USB-C plug that rivals are starting to adopt, partly in response to a European Union mandate. 

Apple also faces a threat from Chinese tech giant Huawei, which recently launched its latest flagship smartphone, the Mate 60 Pro. 

The phone reportedly has enough power and speed to rival the iPhone and has been selling briskly in China. Huawei has been low key about the device, but its capabilities have raised concerns that China has been able to circumvent U.S. curbs on Huawei that stop it from acquiring high tech components like advanced processor chips that had effectively crippled its smartphone business.



Cameroon's Paul Biya, a known French asset, shakes up military in wake of revolution sweeping through Africa

CC™ Politico

By Deji Komolafe

The President of Cameroon, Paul Biya, a known asset of France at the helm for over four decades, on Wednesday made major changes to the country’s ministry of defense.

The decision of Biya is coming as coups continue to spread on the African continent.

Some Presidents are taking proactive steps by reshuffling defense portfolios.

Among the posts reshuffled were the delegate to the presidency in charge of defense, air force staff, navy, and the police.

Biya came to power in a coup d'état in 1982. His early years on the saddle were marred by reports of oppression and human rights violations.

Although he subsequently allowed multiparty elections in the country, the 90-year-old has remained president since he rode to power.


Top 5 Inventions By Nigerians

CC™ Kaleidoscope 

By Oghenerume Progress

The people from this great African nation are also known to excel when exposed to the right environment and have made great impact in the world through art and music.

Nigerians have also made great strides in the field of innovation and inventions that have made the world a slightly better place. Here are five top inventions made by Nigerians;

1) Philip Emeagwali - Program for world's fastest computer

Dr-Philip-Emeagwali (Credit: How Africa News)

Born in Nigeria, Philip Emeagwali grew up to become a computer scientist who gained global recognition for his groundbreaking invention. Emeagwali is credited with the invention of the Connection Machine (CM).

This machine uses computational fluid dynamics for oil-reservoir modelling. It utilises 65,000 computer processors linked in parallel to form what is recognised as the fastest computer on Earth - performing 3.1 billion calculations per second, which is faster than the theoretical top speed of the Cray Supercomputer.

2) Seyi Oyesola - Hospital in a box

Seyi Oyesola (Credit: Glazia)

Seyi Oyesola is a Nigerian medical doctor who co-invented what is popularly known as “Hospital in a Box” or CompactOR.

As the name implies, Hospital in a box is a mini hospital that is a solar-powered life-saving operating room which can be transported to remote areas of Africa and set up within minutes. The renowned medical doctor gained his inspiration from shortage of power in rural places in Africa.

3) Emeka Nelson - Urine-Powered Generator

Emeka-Nelson (Credit: The Interview Nigeria)

Another Nigerian with a notable invention is Emeka Nelson who invented a urine-powered generator. This device converts urine into hydrogen gas, which is then used to produce electricity.

Nelson's invention solves two key problems - waste management and energy scarcity. This innovation showcases Nigeria's commitment to addressing environmental challenges through creative and practical means.

4) Otu Oviemo Ovadje - Emergency Blood Transfusion System

Otu Oviemo Ovadje (Credit: Innov8tiv)

After years of watching women die from internal bleeding during pregnancy, Otu Oviemo Ovadje, a medical doctor, invented the Emergency AutoTransfusion Device also called the Eatset.

This device is used to recover blood from a patient’s internal bleeding organs and then reinfuse the blood back into the patient’s blood system. Dr Ovadje's device works without electricity and forestalls blood loss, especially among pregnant women.

5) Mohammed Bah Abbah - Pot-in-pot Refrigerator

Mohammed Bah Abbah

Using knowledge from his grandmother, Mohammed Bah Abbah invented the pot-in-pot refrigerator - a refrigerating device that does not use electricity. Also known as zeer, this device allows perishable food to extend their shelf life rate. For example, meat can be stored in this device for up to two weeks instead of a few hours.

Aside from these notable Nigerians, others recognized globally for their inventions include; Arthur Zang (Cardiopad), Olu Atanda (self-lubricating layer for a data-storage device and disk), Nkiru Nwankwo (Digital drum), Brino Gilbert (Counter Collision Gadget) and Aloysius Anaebonam who holds 12 US patents for inventing different devices among others.

In all these inventions, one notable thing to note is that Nigerian inventors have consistently demonstrated their ability to address pressing global challenges through creative thinking and innovation and this cuts across different fields.