costs – Latest News https://latestnews.top Fri, 18 Aug 2023 22:25:15 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 https://latestnews.top/wp-content/uploads/2023/05/cropped-licon-32x32.png costs – Latest News https://latestnews.top 32 32 Watch out! A device that costs just $70 can hack your iPhone and trick you into sharing https://latestnews.top/watch-out-a-device-that-costs-just-70-can-hack-your-iphone-and-trick-you-into-sharing/ https://latestnews.top/watch-out-a-device-that-costs-just-70-can-hack-your-iphone-and-trick-you-into-sharing/#respond Fri, 18 Aug 2023 22:25:15 +0000 https://latestnews.top/2023/08/18/watch-out-a-device-that-costs-just-70-can-hack-your-iphone-and-trick-you-into-sharing/ Attendees at the hacking conference DefCon in Las Vegas last weekend kept getting mysterious prompts on their iPhones as requests to connect to a phantom Apple TV that was nowhere in sight. Turns out the messages — which looked like a nearby Apple TV seeking approval to sync with users’ Apple ID or their password-protected accounts — […]]]>


Attendees at the hacking conference DefCon in Las Vegas last weekend kept getting mysterious prompts on their iPhones as requests to connect to a phantom Apple TV that was nowhere in sight.

Turns out the messages — which looked like a nearby Apple TV seeking approval to sync with users’ Apple ID or their password-protected accounts — were, in reality, from a homemade $70 transmitter designed to trick Apple’s Bluetooth security.

Some of the software security experts who were targeted by the prank at the conference, said they felt ‘abused,’ while others thought it was ‘hilarious’ but ‘annoying as hell.’ 

The perpetrator, a fellow DefCon attendee, has come forward to explain their intention: to draw attention to a serious vulnerability they hope Apple will correct.

‘If a user were to interact with the prompts, and if the other end was set up to respond convincingly, I think you could get the “victim” to transfer a password,’ said the prankster, a security researcher who goes by Jae Bochs on social media.

Until Apple corrects the vulnerability, according to Bochs, the best course of action for iPhone users, or any Apple product user, is to be careful when trusting the ‘Control Center’ feature on any device running iOS.

Attendees at the hacking conference DefCon 2023 kept getting mysterious prompts on their iPhones. The messages, which looked like a nearby Apple TV seeking approval to sync with their password-protected accounts, actually came from an improvised $70 transmitter (above)

Attendees at the hacking conference DefCon 2023 kept getting mysterious prompts on their iPhones. The messages, which looked like a nearby Apple TV seeking approval to sync with their password-protected accounts, actually came from an improvised $70 transmitter (above)

Some of the software security experts targeted by the prank said they felt 'abused,' while others thought it was 'hilarious' but 'annoying as hell.' The perpetrators hoped to highlight a vulnerability they hope Apple will correct. Above, people attend DefCon 2011 in Las Vegas

Some of the software security experts targeted by the prank said they felt ‘abused,’ while others thought it was ‘hilarious’ but ‘annoying as hell.’ The perpetrators hoped to highlight a vulnerability they hope Apple will correct. Above, people attend DefCon 2011 in Las Vegas

For their part, Bochs was unrepentant, writing on the decentralized social media platform Mastodon‘Glad I could add a little harmless WTF to everyone’s day.’

‘To offer some reassurance,’ Bochs also posted, ‘this was built with two purposes – to remind people to *really shut off* Bluetooth (i.e. not from control center) and to have a laugh.’

To completely switch off Bluetooth on an iPhone, iPad, or MacBook, Apple users can’t trust the seemingly convenient toggle on Control Center, iOS’s quick-access panel available to users with a simple swipe.

Instead users have to go into their Settings and search for the complete Bluetooth menu to truly prevent their device from engaging with other Bluetooth devices nearby, such as the hacker’s forged Apple TV.

Bochs told TechCrunch they built the device out of an off-the-shelf Raspberry Pi Zero 2 W, a portable battery, two antennas, and one Linux-compatible Bluetooth adapter.

The total cost, Bochs estimated, was about $70.

At the heart of the hack, Bochs explained, is lax security coded into Apple’s current protocols for Bluetooth low energy, or BLE, which allows any Apple device to attempt to connect with other nearby Apple devices via Bluetooth.

Apple describes these as ‘proximity actions’ because the intent is to add convenience for users trying to sync nearby devices, such as two friends with iPhones at a bar or an iPhone user trying to control their Apple TV or home wireless speakers.

‘Proximity is determined by BLE signal strength, and most devices intentionally use lowered transmit power for these to keep the range short,’ Bochs said, adding, ‘I don’t :)’

The range for Bochs’ $70 improvised, fake Apple TV extended to 50 feet, plenty of room to ensnare unsuspecting DefCon attendees waiting in line for events around the convention center. 

Typically, the BLE signal range for an iPhone is about 33 feet, and for an Apple TV box that number can be much lower.  

The device ‘builds a custom advertisement packet that mimics what Apple TV etc. are constantly emitting at low power,’ the security researcher told TechCrunch. This allows it to pose as an Apple device and trigger pop-ups on nearby devices.

‘There’s no data collected,’ Bochs said, ‘it’s just sending out BLE advertisement packets that don’t require pairing.’

In theory, however, a similar device could maliciously collect personal user data — and given growing concerns over the iPhone’s upcoming NameDrop feature, Bochs hopes to have a new ‘proof of concept’ devise that will probe NameDrop’s security lapses in time for next year’s DefCon.

Announced for Apple’s iOS 17 update this September, NameDrop is a new feature that promises to streamline sharing contact information, making it as easy as tapping two iPhones together. But the added convenience comes with some risk.

‘Hoping by next DC to have it working with the new iOS17 ‘NameDrop’ features, and potentially do something similar for Android (at least certain models),’ Bochs said. ‘Either way I’ll probably submit it for a talk.’

DefCon 2023 attendees warned one another about the fake Apple TV via X (formerly Twitter)

DefCon 2023 attendees warned one another about the fake Apple TV via X (formerly Twitter)

DefCon, which is among the largest annual gatherings of hackers worldwide, is no stranger to wild pranks, and some praised Bochs’ stunt as ‘some OG #DEFCON shenanigans.’

The conference, despite protests from attendees, is often a major scouting location for government intelligence agencies, including the National Security Agency (NSA), that are looking to recruit the best and brightest among cybersecurity and penetration experts.

But some attendees this year expressed more confusion and concern over the Apple Bluetooth flaw, including Dan Guido, the CEO of security research firm Trail of Bits.

‘I think [Bochs] abused a bunch of users when [they] should take [their] complaints to Apple,’ Guido told TechCrunch.

But others, like the iOS application security researcher who goes by the online name NinjaLikesCheez, saw it as part of DefCon’s grand tradition of teaching and exposing security loopholes by experience.  

‘I think it’s hilarious. It was annoying as hell but also reminded me that control center is bad,’ the Netherlands-based coder said. 

 



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Coca-Cola HBC ups profit guidance as price hikes offset costs https://latestnews.top/coca-cola-hbc-ups-profit-guidance-as-price-hikes-offset-costs/ https://latestnews.top/coca-cola-hbc-ups-profit-guidance-as-price-hikes-offset-costs/#respond Wed, 09 Aug 2023 12:54:15 +0000 https://latestnews.top/2023/08/09/coca-cola-hbc-ups-profit-guidance-as-price-hikes-offset-costs/ Coca-Cola HBC ups profit guidance as price hikes offset costs The firm revealed first-half operating profits more than doubled to €557.3m Increasing prices helped the anchor bottler’s net sales revenue surpass €5bn Coca-Cola HBC sells dozens of brands, such as Fanta, Fuze Tea and Powerade By Harry Wise Published: 05:31 EDT, 9 August 2023 | […]]]>


Coca-Cola HBC ups profit guidance as price hikes offset costs

  • The firm revealed first-half operating profits more than doubled to €557.3m
  • Increasing prices helped the anchor bottler’s net sales revenue surpass €5bn
  • Coca-Cola HBC sells dozens of brands, such as Fanta, Fuze Tea and Powerade

Coca-Cola Hellenic Bottling Company has boosted its annual guidance following a bumper performance during the first half of the year.

The anchor bottler revealed operating profits more than doubled to €557.3million (£480million) for the six months ending June, despite consumer weakness and higher energy and ingredients costs.

Rising prices helped the firm’s net sales revenue surpass €5billion, with organic revenue growing by 17.8 per cent and a further boost provided by the consolidation of its Russian business.

Drink up: Coca-Cola HBC revealed operating profits more than doubled to €557.3million for the six months ending June despite widespread cost-of-living pressures

Drink up: Coca-Cola HBC revealed operating profits more than doubled to €557.3million for the six months ending June despite widespread cost-of-living pressures 

Turnover across all market segments increased by double-digit percentage levels, offsetting unfavourable foreign exchange movements and a drop in organic volumes caused largely by softer demand in the stills category.

It also expects the cost of goods sold per unit case to expand by a high-single-digit percentage, down from an initial forecast in the ‘low teens’. 

Consequently, the group now anticipates full-year organic sales growth in the ‘mid-teens’, compared to a prior forecast of 5 to 6 per cent.

The blue-chip company has maintained its annual earnings outlook, which it raised last month after seeing a ‘stronger than anticipated finish’ to the first-half of the year.

Zoran Bogdanovic, chief executive of Coca-Cola HBC, said on Wednesday: ‘It has been a very good first half of the year with progress across our strategic pillars.’

He added: ‘While some markets continue to face a challenging consumer environment, revenue per case has been improved through careful price and mix management enhanced by data, insights and analytics.

‘At the same time, volumes have remained resilient, which is testament to the quality of our execution.’

Headquartered in Switzerland but listed in London, Coca-Cola HBC packages and sells dozens of brands, such as Fanta, Fuze Tea, Costa Coffee, and Powerade, across 29 countries.

The business traces its origins back to 1950s Nigeria but was forged in its present form in 2000 through the merger of Coca-Cola Beverages and the Hellenic Bottling Company.

Though known mainly for selling soft drinks, the firm has been expanding its presence into the alcoholic drinks sector, recently agreeing to spend $220million (£172million) acquiring Brown-Forman Finland, the owner of premium vodka brand Finlandia.

It believes the takeover will enhance its premium spirits offering and strengthen partnerships with customers in ‘strategically important’ channels, including the hotel, restaurant and catering industries.

Neil Shah, the director of content and strategy at Edison Group, said: ‘The continued consumer demand for Coca-Cola HBC’s products has helped the bottler not only weather the difficult macroeconomic climate of recent months, but thrive in it.

‘Moreover, the company benefits from the ongoing roll-out of new products, such as Jack Daniel’s & Coca-Cola, which enjoy the advantages of immediate brand recognition that isn’t available to other new drinks on the market.’

Coca-Cola HBC shares were 1.5 per cent, or 34p, higher at £22.94 on Wednesday morning and have grown by approximately 19 per cent since the start of the year.





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Rightmove’s most popular homes revealed…and cheapest costs almost £900,000 https://latestnews.top/rightmoves-most-popular-homes-revealed-and-cheapest-costs-almost-900000/ https://latestnews.top/rightmoves-most-popular-homes-revealed-and-cheapest-costs-almost-900000/#respond Fri, 26 May 2023 05:55:13 +0000 https://latestnews.top/2023/05/26/rightmoves-most-popular-homes-revealed-and-cheapest-costs-almost-900000/ The most viewed homes for sale in Britain have been revealed, and buyers will need a substantial budget if they want to snap them up. The most popular homes for sale on Rightmove in April have asking prices within a range of the cheapest at £895,000, to the most expensive at £5million. The stamp duty […]]]>


The most viewed homes for sale in Britain have been revealed, and buyers will need a substantial budget if they want to snap them up.

The most popular homes for sale on Rightmove in April have asking prices within a range of the cheapest at £895,000, to the most expensive at £5million.

The stamp duty on the cheapest property is £32,250, meaning the total the cost of buying the property will be more than £925,000 – and this doesn’t include other costs such as solicitor’s fees or the cost of a removal firm.

The top five most viewed properties for sale on Rightmove in April are revealed

The top five most viewed properties for sale on Rightmove in April are revealed

By contrast, the stamp duty on the most expensive £5million property is an eye-watering £511,250. 

This assumes the purchase is a main home as there is a 3 per cent surcharge on second homes and buy-to-let properties, in England and Wales.

Tim Bannister, of Rightmove, said: ‘Homes from Wales, Scotland and England feature in this month’s most viewed properties, highlighting the many magnificent homes for sale in lots of different areas across Britain.’

The five most views homes online…

1. Six-bed mansion, Kirby Muxloe, £4m

This six-bedroom mansion in the Leicestershire village of Kirby Muxloe is for sale for £4million via Blatch Fine Homes estate agents

This six-bedroom mansion in the Leicestershire village of Kirby Muxloe is for sale for £4million via Blatch Fine Homes estate agents

The luxury family home boasts a beautiful hand-crafted open-plan kitchen with a large central island

The luxury family home boasts a beautiful hand-crafted open-plan kitchen with a large central island

There is a extensive games room with space for a full sized snooker table and a colourful jukebox

There is a extensive games room with space for a full sized snooker table and a colourful jukebox

This six-bedroom mansion in the Leicestershire village of Kirby Muxloe was built in 1885 and has been continuously refurbished by its current owners.

It boasts a hand-crafted open-plan kitchen as well as its own garden house with a spa, hot tub, games room and cinema room.

The property is for sale for £4million via Blatch Fine Homes estate agents.

2. Four-bed house, Marford, £999k

This modern family home is in the north Welsh village of Marford and is for sale for £999,000 via Monopoly estate agents

This modern family home is in the north Welsh village of Marford and is for sale for £999,000 via Monopoly estate agents

The modern home has a pristine interior with white walls and pops of colour in the furniture

The modern home has a pristine interior with white walls and pops of colour in the furniture

Outside, there is a gate at the end of the garden that opens into a woodland area of residents' exclusive use

Outside, there is a gate at the end of the garden that opens into a woodland area of residents’ exclusive use

This modern family home is in the north Welsh village of Marford and has four bedrooms.

Outside, there is a gate at the end of the garden that opens into a woodland area of residents’ exclusive use.

The property is on the market for £999,000 via Monopoly estate agents.

3. Four-bed house, Trebetherick, £5m

This four-bedroom property on the north Cornish coast is called Bishop's Rock and was built in 1937

This four-bedroom property on the north Cornish coast is called Bishop’s Rock and was built in 1937

The house is in Trebetherick in Wadebridge and is surrounded by far reaching views of the sea

The house is in Trebetherick in Wadebridge and is surrounded by far reaching views of the sea

The house has an asking price of £5million and the sale is being handled by Savills estate agents

The house has an asking price of £5million and the sale is being handled by Savills estate agents

This four-bedroom property on the north Cornish coast is called Bishop’s Rock and was built in 1937.

It is in Trebetherick in Wadebridge and is surrounded by sand beaches that are ideal for swimming and surfing.

The house has an asking price of £5million and is being sold by Savills estate agents.

4. Five-bed house, Nunthorpe, £895k

This detached home is on a development in Nunthorpe, Middlesbrough, and it is for sale for £895,000 via Michael Poole estate agents

This detached home is on a development in Nunthorpe, Middlesbrough, and it is for sale for £895,000 via Michael Poole estate agents

The large kitchen has dark cabinets, an island and a separate living area with a dining table

The large kitchen has dark cabinets, an island and a separate living area with a dining table

The modern property has five bedrooms, as well as a heat pump and underflooring heating

The modern property has five bedrooms, as well as a heat pump and underflooring heating

This detached home is on a development in Nunthorpe, Middlebrough, that is accessed via electric gates and security system.

It has five bedrooms, a heat pump and under-floor heating. It is on the market for £895,000 via Michael Poole estate agents.

5. Six-bed house, Glasgow, £1,795,000

This property is in the suburb of Whitecraigs in Glasgow and it is for sale for £1,795,000 via Corum estate agents

This property is in the suburb of Whitecraigs in Glasgow and it is for sale for £1,795,000 via Corum estate agents

It has been redesigned by interior designer Keith Hobbs, of United Designers, which has worked for George Clooney and Bruce Willis

It has been redesigned by interior designer Keith Hobbs, of United Designers, which has worked for George Clooney and Bruce Willis

The property's unique design combines an original 1930s art deco style with more modern finishes

The property’s unique design combines an original 1930s art deco style with more modern finishes

This property is in the suburb of Whitecraigs in Glasgow and has been redesigned by interior designer Keith Hobbs, of United Designers, which has worked for George Clooney and Bruce Willis.

Its unique design combines an original 1930s art deco style with more modern finishes. It is for sale for £1,795,000 via Corum estate agents.



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Government borrowing costs soar to Truss-era levels as inflation fuels rate-hike fears  https://latestnews.top/government-borrowing-costs-soar-to-truss-era-levels-as-inflation-fuels-rate-hike-fears/ https://latestnews.top/government-borrowing-costs-soar-to-truss-era-levels-as-inflation-fuels-rate-hike-fears/#respond Thu, 25 May 2023 06:00:35 +0000 https://latestnews.top/2023/05/25/government-borrowing-costs-soar-to-truss-era-levels-as-inflation-fuels-rate-hike-fears/ Government borrowing costs soar to Truss-era levels as inflation shock fuels rate-hike fears By Hugo Duncan for the Daily Mail Updated: 16:52 EDT, 24 May 2023 Government borrowing costs soared to Liz Truss-era levels yesterday as mounting concerns about inflation set the scene for yet more interest rate rises. Official figures showed inflation in the […]]]>


Government borrowing costs soar to Truss-era levels as inflation shock fuels rate-hike fears

Government borrowing costs soared to Liz Truss-era levels yesterday as mounting concerns about inflation set the scene for yet more interest rate rises.

Official figures showed inflation in the UK fell to 8.7 per cent in April, from 10.1 per cent in March and a peak of 11.1 per cent last year.

But it was still above the 8.2 per cent pencilled in by investors, and so-called ‘core’ inflation – which strips out energy prices – jumped from 6.2 per cent to a 31-year high of 6.8 per cent. 

The report from the Office for National Statistics sent tremors through the bond markets as investors bet that interest rates could hit 5.5 per cent this year – far higher than previously thought.

Two-year gilt yields, a key measure of Government borrowing costs, jumped to 4.39 per cent – the highest level since the turmoil that followed the disastrous mini-Budget of Truss and Kwasi Kwarteng last year. 

Inflation fight: The Bank of England has already raised interest rates 12 times since December 2021, taking them from 0.1% to 4.5%

Inflation fight: The Bank of England has already raised interest rates 12 times since December 2021, taking them from 0.1% to 4.5%

The yield was around 3.2 per cent just two months ago and yesterday’s rise was also the biggest since the Truss-Kwarteng debacle. 

Five-year and ten-year gilt yields also jumped to their highest levels since October at over 4 per cent, while the pound made gains against the dollar and the euro before easing.

Rob Clarry, investment strategist at wealth manager Evelyn Partners, said the reaction on the bond markets was ‘instant’ as traders bet on further rate hikes – dashing hopes that borrowing costs were at or close to their peak.

Bond yields surged under Truss as global markets fretted over how Britain could afford her plans to cut taxes and help households with energy bills. 

The turmoil sent the cost of mortgages and other loans soaring. But, having fallen under Truss’s successor Rishi Sunak and Jeremy Hunt – Kwarteng’s replacement as Chancellor – borrowing costs are rising again.

The Bank of England has already raised interest rates 12 times since December 2021, taking them from 0.1 per cent to 4.5 per cent.

It was hoped that rates were not at or close to a peak. But with inflation higher than feared, investors now see a 100 per cent chance that rates will rise to at least 4.75 per cent in June.

Further hikes to 5 per cent in August and possibly as high as 5.5 per cent later in the year are also on the cards.

‘Bond markets took one look at the latest inflation figures and took the view that interest rates are going to keep going up,’ said Russ Mould, investment director at AJ Bell. 

‘Sticky inflationary pressures, particularly in food, will strengthen the argument for the Bank of England to raise rates again.

‘That will bring more pain to companies and consumers as the cost of servicing borrowings becomes more expensive.’

The pound rose back towards $1.25 and €1.16 before giving up its gains following a strong run so far this year.

‘The reason that you haven’t seen more of a reaction today is the context,’ said Ben Laidler, global markets strategist at trading platform eToro. ‘The pound’s already had a big rally this year.’

He added that growing concerns about the health of the global economy were boosting the dollar, which is often seen as a safe asset in times of strife.



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BUSINESS LIVE: Inflation slows to 8.7%; M&S earnings dented by costs https://latestnews.top/business-live-inflation-slows-to-8-7-ms-earnings-dented-by-costs/ https://latestnews.top/business-live-inflation-slows-to-8-7-ms-earnings-dented-by-costs/#respond Wed, 24 May 2023 11:56:23 +0000 https://latestnews.top/2023/05/24/business-live-inflation-slows-to-8-7-ms-earnings-dented-by-costs/ BUSINESS LIVE: Inflation slows to 8.7%; Marks & Spencer earnings dented by costs; SSE Group profits soar 89% on renewables By Live Commentary Updated: 07:54 EDT, 24 May 2023 Consumer price inflation was 8.7 per cent in April, down from from 10.1 per cent in March but higher than the Bank of England’s forecast of […]]]>



BUSINESS LIVE: Inflation slows to 8.7%; Marks & Spencer earnings dented by costs; SSE Group profits soar 89% on renewables

Consumer price inflation was 8.7 per cent in April, down from from 10.1 per cent in March but higher than the Bank of England’s forecast of 8.4 per cent, fresh data from the Office for National Statistics reveals. 

The FTSE 100 is down 1.8 per cent in afternoon trading. Among the companies with reports and trading updates today are Marks & Spencer, SSE Group, C&C Group, BT, Kingfisher, Playtech and Severn Trent. Read the Wednesday 24 May Business Live blog below.

> If you are using our app or a third-party site click here to read Business Live



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