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Economy

Apple unveils premium iPhone XS, health features for watch

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…As Final farewell to UN’s Kofi Annan at Ghana state funeral***

Apple unveiled three new iPhones on Wednesday in a bid to bolster its spot in the premium smartphone market, along with an upgraded smartwatch that takes electrocardiograms and detects falls.

The California tech giant said it would begin selling its 5.8-inch iPhone XS and 6.5-inch iPhone XS Max later this month, keeping the starting price of the company’s top-end model at $999 but bumping the entry price for the version with the larger screen.

Apple also announced a new iPhone XR starting at $749, available in October, with a 6.1-inch display to broaden its pool of buyers.

The phones are updates to last year’s iPhone X (“10”), which marks the 10th anniversary of the smartphone — stretching the screen while keeping the overall handset size at or near that of previous models.

“I think Apple did extremely well here,” GlobalData analyst Avi Greengart said after checking out the new offerings at the unveiling at the company’s headquarters in Cupertino, California.

“Overall, this is going to be a very good year for Apple.”

The analyst expected the line-up to be a hit, pushing up the average selling price of Apple smartphones.

The new iPhones have more powerful processors and cameras, and a dual-SIM card feature for top-of-the-line devices. Home buttons were replaced with screen swipes, taps and facial recognition capabilities.

“We are going to take iPhone X to the next level,” chief executive Tim Cook said.

While the iPhone has made Apple the world’s most valuable company, worth more than $1 trillion, it has slipped to third place among smartphone makers as Chinese-based Huawei has grabbed the number two spot behind Samsung.

Analyst Patrick Moorhead of Moor Insights & Strategy said Apple had done enough “to keep its smartphone growth going until the competition responds.”

Apple said the XS models would be sold from September 21 and the XR from October 26.

New smartwatch features
Apple also introduced a fourth generation of the Apple Watch with a major redesign — and a series of features designed to improve its performance as a medical and health device.

The watch, sold in the United States from $399 and up, will be available in stores on September 21.

“Apple Watch has become an intelligent guardian for your health,” chief operating officer Jeff Williams said.

The smartwatches are able to detect hard falls, and an electrical heart rate sensor can take an electrocardiogram.

“This is the first ECG product offered over the counter directly to consumers,” Williams said.

“Now you can take an ECG any time, anywhere, right from the wrist.”

The fall detection upgrade is expected to appeal to worker safety concerns in factories or other industrial settings, as well as to elderly or disabled users.

“Identifying a fall may sound like a straightforward problem, but it requires a lot of data analysis,” Williams said.

If a person falls, and then is motionless, the watch will call emergency services, he added.

Moorhead said the health features for the new devices were notable.

“I can see kids buying one for their parents and grandparents,” he said of the smartwatch.

“I believe Series 4 will sell better than all previous models.”

The current version of Apple Watch is the most popular watch in the world, according to Cook.

Apple stressed its devotion to data privacy, saying all health information gathered is encrypted on the smartwatch to be shared only as users see fit.

‘Crossroads’
Research firm CB Insights said Apple is at a “crossroads” a decade after introducing the iPhone.

“Looking for the next wave, Apple is clearly expanding into augmented reality and wearables with the Apple Watch and AirPods wireless headphones,” the firm said.

“But the next ‘big one’ — a success and growth driver on the scale of the iPhone — has not yet been determined. Will it be augmented reality, auto, wearables? Or something else entirely?”

Apple’s event comes with the global smartphone market at near-peak saturation, and without a major catalyst for sales ahead of a likely rollout of 5G, or fifth generation, wireless networks, expected in 2019.

Research firm IDC expects worldwide smartphone shipments to decline 0.7 percent in 2018 to 1.455 billion units, with growth likely to resume as 5G devices become available.

Cook said Apple was nearing the two-billion mark for devices with its mobile operating system known as iOS.

“We are about to hit a major milestone. We are about to ship our two billionth iOS device,” he said.

“This is astonishing — iOS has changed the way we live.”

In the meantime, tributes were paid to former UN secretary general Kofi Annan as he was laid to rest in his native Ghana on Thursday, with calls to keep alive the legacy of a “stubborn optimist” to create a better, more peaceful world.

His widow Nane Maria led hundreds of mourners, including world leaders past and present, traditional rulers and global royalty, and called her husband an “extraordinary” person who had a “joy of life”.

“My love, you are now back home where you started your long journey. But may your wisdom and compassion continue to guide us, wherever we are,” she told his state funeral in the capital, Accra.

Opera singer Barbara Hendricks, a UN refugee council goodwill ambassador who sang at Annan’s Nobel ceremony, performed the civil rights anthem “Oh, Freedom” at the funeral of Christian prayers and song.

Annan led the UN from 1997 to 2006 and was the first from sub-Saharan Africa to do so. He died on August 18 aged 80 at his home in Switzerland after a short illness.

Thousands of people have this week filed past his coffin this week during three days of national mourning for someone Ghana’s President Nana Akufo-Addo called “one of the truly iconic figures of modern times”.

‘Stubborn optimist’
Many ordinary Ghanaians described him as a father-figure and a source of national pride, while his brother, Kobina, told the congregation that he was not just a leader and statesman.

“We lost a brother, a husband, a father, a grandfather and an uncle, a man of deep conviction who was as committed to instilling the values of fairness, integrity, kindness and service in each of us as he was to advocating for peace and human rights around the world,” he said.

“Stubborn optimist that he was, he would want us all to look forward with hope and keep striving to create a freer, fairer and more peacfeul world.”

The current UN Secretary General, Antonio Guterres, praised his close friend as an “exceptional global leader” who was dignified, courageous and a man of “integrity, dynamism and dedication”.

“Kofi Annan was the United Nations and the United Nations was him,” he added.

“As we face the headwinds of our troubled and turbulent times, let us always be inspired by the legacy of Kofi Annan — and guided by the knowledge that he will continue speaking to us, urging us on towards the goals to which he dedicated his life and truly moved our world.”

‘Diplomatic rock star’
Annan, who was originally from Kumasi, the capital of the Ashanti region in southern Ghana, devoted four decades of his working life to the UN, and was known for bringing quiet charisma to the role.

He was widely credited for raising the world body’s profile in global politics during his two terms in office, facing challenges including wars in Afghanistan and Iraq.

Annan was awarded the Nobel Peace Prize in 2001, as the world was reeling from the September 11 terror attacks in the United States, jointly with the UN “for their work for a better organised and more peaceful world”.

Annan, a proud African whom Nelson Mandela called “my leader”, left the post as one of the most popular — and recognisable — UN leaders ever, and was considered a “diplomatic rock star” in international circles.

AFP

Economy

Unstable Economy: UK Firm Presents Solutions To Nigerian Business Leaders

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SOAN Inaugurates New Leadership, Boosting Hopes Of Crushable Inflation

Nigerian business leaders are to benefit from the programme of United Kingdom-based leadership development organisation TEXEM UK on how to win despite the exodus of staff, very high inflation and turbulent operating landscape.

TEXEM’s Director of Special Projects, Caroline Lucas, said on the organisation’s website, www.texem.co.uk, that the programme with the theme “Strategies for Sustainable Organisational Success” is slated for April 24 and April 25 in Lagos.

According to Lucas, in today’s volatile and disruptive business landscape, organisations face numerous strategic challenges.

“TEXEM’s programme, “Strategies for Sustainable Organisational Success,” offers tailored solutions to address these pressing issues.

“Senior leaders grappling with skyrocketing costs, high currency risks, and disruptive technologies require practical insights and tools to navigate uncertainty effectively.

“This programme provides actionable strategies for sustainable success amidst turbulent times,” she said.

Lucas asserts that exceptional crisis management skills are essential in the face of staff exodus and geopolitical disruptions.

“TEXEM equips participants with the necessary leadership capabilities to lead through crises, ensuring organisational excellence even amidst adversity.

“Innovation becomes imperative in turbulent waters.

“TEXEM’s programme fosters a culture of innovation and provides guidance on harnessing adversity as a catalyst for profitable growth,” she said.

According to her, participants will learn to turn challenges into opportunities, driving sustained profitability.

Lucas said resilience and effective risk management are crucial in today’s volatile landscape.

She said through interactive sessions and case studies, TEXEM helps senior leaders develop unshakable qualities, enabling them to navigate uncertainty and confidently mitigate risks.

“Optimizing resource utilisation is paramount amidst soaring costs.

“TEXEM offers insights on managing resources efficiently, ensuring optimal impact even amidst cost pressures. Decisive problem-solving is paramount.

“TEXEM enhances participants’ decision-making capabilities through peer learning and observation practice, empowering them to make better decisions that drive organisational success,” Lucas said.

She said that beyond the curriculum, networking opportunities with industry peers enrich the learning experience, abound.

“Professional exchange provides valuable insights into different approaches to overcoming challenges, enhancing overall learning and impact.

“TEXEM’s programme aims to develop leadership strategies for optimum performance in an era of uncertainty.

“By helping participants understand how to manage and deploy resources more efficiently, it equips them with the skills needed to thrive in turbulent times,” Lucas said.

Saying that adversity is the mother of innovation, she added that TEXEM empowers individuals and organisations to thrive in volatile times, fostering innovation and sustained profitability.

“At the end of the programme, participants can expect to develop leadership skills for better decision-making and possess survival skills to navigate crises effectively.

“Through its comprehensive approach and proven methodology, TEXEM ensures participants unlock their potential, foster innovation, and drive sustained profitability in today’s challenging environment,” Lucas said.

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Economy

Sanwo-Olu Urges Use of Innovative Technologies in Solving Challenges

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Sanwo-Olu Urges Use of Innovative Technologies in Solving Challenges

Gov. Babajide Sanwo-Olu of Lagos State has called for the use of innovative technologies in resolving the economic and social challenges of the country.

Sanwo-Olu said this on Wednesday during the pioneer graduation of the Lateef Jakande Leadership Academy (LJLA) at Konga Place in Lekki.

He said that the new platform of globalisation and Internet of things must be significantly employed to resolve new challenges encountered in the course of improving the living standards of citizens.

30 students, 15 men and 15 women, between 18 and 35 years, graduated from the academy after a one-year course and mentorship in leadership.

The Lagos Leadership Summit (LLS) is a pivotal platform dedicated to empowering Nigeria’s young professionals with the skills and insights essential for success in various leadership roles.

With a focus on leadership excellence, ethical governance, and youth inclusion in governance, the summit offers a unique opportunity for participants to engage with renowned leaders and industry experts.

” You have to be able to innovate for us, you are here as leaders of not tomorrow but today. Proffer solutions that the government can use as a tool, to solve the challenges that we are facing today but more importantly to solve global issues.

“And that is why we started the Lateef Jakande Leadership Academy. For us as a government, we felt how well can we honour a man than for us in public sector to set up a cream of new leaders.

“So we set up this school that has the first set, the one-year fellowship, who indeed have not only shown us that we took the right step, they have been outstanding individuals,” the governor said.

The guest speaker and former governor of Lagos State, Babatunde Fashola, noted that it was important for followers to trust their leaders for a successful outcome.

“The people need to trust the government, they must know the capability of their leaders so that when issues beyond human expectations happen, the followers can show empathy to the plight of their leaders.

” I have always been an advocate that believes that the process is as important as the result, the end shouldn’t justify the means, the process is crucial, it serves as a blueprint for others coming behind,” he said.

Similarly, Dr Obafemi Hamzat, Deputy Governor, who spoke on “Leadership And Community Engagement”, stated that to achieve effective leadership in Nigeria, there was the need to navigate complex political, economic and social landscapes.

Hamzat urged the citizens to be involved in governance while stressing the need for collaborations with private stakeholders and the public sector.

According to him, community engagement with government at all levels is pivotal to the nation’s development.

In her address, Mrs Ayisat Agbaje-Okunade, LIJA’s Executive Secretary, noted that the challenges faced required leaders who are not only capable but compassionate, visionary, and adaptable.

According to her, leadership must transcend rhetoric and manifest tangible outcomes.

“We need leaders who inspire confidence, foster unity, and drive transformation.”

Agbaje-Okunade urged the participants to embrace the responsibility that comes with leadership and pave the way for a generation of new leaders.

The keynote speaker, Mr Abubakar Suleiman, Chief Executive Officer, Sterling Bank, said that leadership is about leading people on a new purposeful journey.

Suleiman said being a strategic thinker and a transformational leader was what makes leadership different from management, adding that the future is being crafted in leadership.

“In essence, as a leader, you must be able to lead people to the future hence, you must be convincing for people to be bold to follow you, able to trust and believe in you.

“For one to be a leader, the people must be able to believe and trust you to take them to the future where you have never been to,” he said.

Also speaking, Mr Tunbosun Alake, Commissioner, Innovation, Science and Technology, stressed that leadership had nothing to do with being young or old but having good values and character.

The commissioner advised the participants to pursue excellence in their various career paths to succeed in life.

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Economy

Eid-el-Fitr: Tinubu Urges Sacrifice, Integrity For National Rebirth

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Eid-el-Fitr: Tinubu urges sacrifice, integrity for national rebirth

 President Bola Tinubu has urged Nigerians to continue to make sacrifices and exhibit integrity for national development.

Tinubu said this after observing the Eid-el-Fitr prayer at the Eid Ground at Dodon Barracks on Wednesday in Lagos.

The President also called on Nigerians to continue to have faith in his government and remain patriotic citizens.

Tinubu said that the Renewed Hope Agenda of his administration, aimed at bringing prosperity to Nigerians, was being diligently implemented.

Encouraging Muslims to extend the values of sacrifice and resilience beyond the fasting period, Tinubu emphasised the need for Nigerians to prioritise the exhibition of love for their country.

‘’The resilience and sacrifice that we have shown and made during these months should be preserved.

“Be a kind and cheerful giver. We must love our country more than any other country because this is the only one we have.

‘’We must continue to protect the integrity of our government and leadership. The Renewed Hope Agenda is alive, well and fine, and Nigerians should continue to be very hopeful. Without hope, there is no salvation.

“Without hope, there is no development. Without hope, there is no life. Eid Mubarak,’’ the President said at the end of the prayers led by the Chief Imam of Lagos State, Sheikh Sulaiman Abou-Nolla.

Earlier in his sermon, the Chief Imam urged Nigerians to shun all acts of violence, ensure peaceful co-existence, and continue to have faith in the country.

He asked those in leadership positions to remain faithful to their oaths of office and work towards alleviating the suffering of the less privileged.

‘‘Let us not forget our brothers and sisters in Gaza and other areas of conflict,’’ the Chief Imam said.

He offered prayers of God’s guidance, wisdom, and protection for the President and the Lagos State government, as well as for peace and stability in the country.

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