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Air Force, Orbital ATK set to launch ORS-5 space tracking satellite

Air Force, Orbital ATK set to launch ORS-5 space tracking satellite

Business
Aug. 24 (UPI) -- Orbital ATK is preparing to launch the U.S. Air Force's Operationally Responsive Space-5 satellite on Aug. 25th from the Cape Canaveral Air Force Station, Fla.The ORS-5 will be launched using Orbital's Minotaur IV rocket and will be placed the satellite into low Earth orbit, the company announced on Thursday."The delivery and upcoming launch of ORS-5 marks a significant milestone in fulfilling our commitment to the space situational awareness mission and U.S. Strategic Command," commander of the Space and Missile Systems Center Lt. Gen. John F. Thompson said in a release last week."It's an important asset for the warfighter and will be employed for at least three years."ORS-5 will be used to track other military and civilian satellites along with space debris and help prov...
Dixons Carphone warns on profit as mobile sales hit

Dixons Carphone warns on profit as mobile sales hit

Business
The owner of Carphone Warehouse and Dixons has warned that more expensive mobile phone handsets and lower EU roaming charges will hurt its profits.Shares fell more than 30% after it said profits this year would be £360m to £440m, down from £501m last year.Dixons Carphone said customers were not upgrading their phones as frequently because handsets had risen in price.It also predicted it would take a hit from the EU scrapping roaming charges for people using mobile phones abroad.Chief executive Seb James said in an unscheduled statement that the market for contract mobile phones had become "more challenging" in recent months.The fall in the pound had made handsets more expensive and innovation of phones has been "incremental", Mr James said.Later, Mr James told the BBC's technology correspo
Trump luxury hotel given £110,000 Scottish tax rebate

Trump luxury hotel given £110,000 Scottish tax rebate

Business
US President Donald Trump's luxury hotel in Scotland has received a £110,000 tax rebate meant to help struggling small businesses. The £11m Trump Turnberry resort in Ayrshire has had its property tax reduced by £109,530, South Ayrshire Council has confirmed.The relief cuts the hotel's annual rates bill by 13.5%.The business rates relief scheme was launched to help revive the country's struggling tourism industry.In February, Scotland's finance secretary placed a 12.5% cap on rising business rates for 8,500 firms in the hospitality sector, which includes hotels, restaurants, cafes, pubs and other businesses. South Ayrshire Council said that the tax relief awarded for the 2017-18 financial year was mandatory and as such, had to be awarded.Trump Turnberry, a luxury golf course resort, is expe
Identity theft at epidemic levels, warns Cifas

Identity theft at epidemic levels, warns Cifas

Business
Identity theft is reaching "epidemic levels", according to a fraud prevention group, with people in their 30s the most targeted group.ID fraudsters obtain personal information before pretending to be that individual and apply for loans or store cards in their name.A total of 89,000 cases were recorded in the first six months of the year by UK anti-fraud organisation Cifas.That is a 5% rise on the same period last year and a new record high."We have seen identity fraud attempts increase year on year, now reaching epidemic levels, with identities being stolen at a rate of almost 500 a day," said Simon Dukes, chief executive of Cifas."These frauds are taking place almost exclusively online. The vast amounts of personal data that is available either online or through data breaches is only maki...
US hits Chinese and Russian firms over North Korea

US hits Chinese and Russian firms over North Korea

Business
The US has imposed sanctions on a dozen Russian and Chinese companies and individuals it accuses of helping North Korea's nuclear weapons programme. Earlier this month, members of the UN Security Council, including Russia and China, voted for further sanctions against Pyongyang.The US Treasury said the move would "increase pressure" on North Korea.China responded swiftly, calling on the US to "immediately correct its mistake" of punishing its firms.The US Office of Foreign Assets Control designated 10 companies and six individuals in its sanctions. "[The] Treasury will continue to increase pressure on North Korea by targeting those who support the advancement of nuclear and ballistic missile programmes, and isolating them from the American financial system," said Treasury Secretary Steve...