Rouhani: Action Needed to Save Nuclear Deal

Iranian President Hassan Rouhani says it will be difficult for Tehran to stay in the 2015 nuclear accord it signed with world powers if it cannot benefit from the agreement.

Rouhani told French President Emmanuel Macron in a phone call Tuesday that the remaining co-signers to the treaty — France, Britain, Germany, Russia and China — will have to find a way to compensate Iran after President Donald Trump decided to withdraw the United States from the pact and reimpose sanctions.

In the landmark agreement, reached during the Obama administration, the world powers had agreed to lift international sanctions on Iran in exchange for Tehran’s promise to scale back its nuclear activities.

Trump said the deal was flawed because it favored Iran more than the others. His decision to withdraw in May has left France, Germany and Britain scrambling to make sure Iran receives enough financial incentive to stay in the deal.

Rouhani’s website quoted him as saying: “We must not let this great achievement of diplomacy be destroyed by others’ unilateral actions, which are unfaithful to their promises.”

French officials have indicated that the rest of the signatories plan to meet soon in Vienna.

Source : VOA

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Dow sees whipsaw trading action as Wall Street struggles to regain purchase higher

The Dow Jones Industrial Average was experiencing wild Tuesday trade as Wall Street stocks switched been sharp gains and losses in an unusually choppy trading session that may underline a new regime of volatility on Wall Street. The move comes as stocks attempt to snap a multiday rout and after the blue-chip average recorded its steepest point decline in history.

The Dow Jones Industrial Average fell around 567 points at the open, only to rebound sharply higher, but was most recently up 60 points, or 0.3%, to 24,412.

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S&P 500 index was down 3 points, or 0.1%, to 2,650, but was up by as much as 34 points or 1.2%. The Nasdaq Composite Index meanwhile, was 11 points, or 0.1%, higher at 6,973, but was up 92 points, or 1.3%, at its peak.

Source: Marketwatch

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Apple Acknowledges Taking Action to Slow Down Older iPhones

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Apple, the American multi-national technology company, has acknowledged it has taken action that slows the performance of its older iPhones.

After Primate Labs, which makes an application that measures the speed of iPhone processors, disclosed data Monday that seemingly showed the iPhone 6 and iPhone 7 models perform slower as they aged, Apple addressed the claims two days later.

Apple said it released software last year that makes those models operate more slowly to countervail problems with their aging lithium ion batteries, which can sometimes cause operational problems or cause phones to unexpectedly shut down.

The technology giant said the reason for the updated software was to provide better power management capabilities, which also slows down the phones, to prevent them from shutting down.

One solution to a slower, older iPhone would be to buy a new battery instead of a new phone. Apple charges $ 79 to replace the battery if the phone is no longer covered by a warranty. Owners can also purchase a kit to replace the battery. But the company has long been criticized by repair advocates for making the batteries difficult for users to replace on their own.

Source: VOA news

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