UK house price growth slowed in June

The rise in UK house prices slowed ahead of the EU referendum, according to a new report from the Halifax.

The country?s largest mortgage lender said on Thursday that prices continued to rise but annual house price growth eased to 8.4% in June, the lowest rate in a year.

Quarterly figures also point to house prices cooling off.

Martin Ellis, Halifax housing economist, said: ?There is evidence that the underlying pace of house growth may be easing. House prices in the three months to June were 1.2% higher than in the previous quarter; down from 1.5% in May. The annual rate of growth fell from 9.2% in May to 8.4%; the lowest since July 2015.

?House prices continue to increase, albeit at a slower rate, but this precedes the EU referendum result, therefore it is far too early to determine any impact since.?

The Halifax House Price Index measured the whole month of June, so it includes just six days after the referendum result was announced on 24 June.

Commenting on the report, Howard Archer, chief UK economist at IHS Global Insight, said there was likely to be a major impact on house prices over the next few months as a result of the referendum decision.

?Despite the Halifax reporting a marked rise in house prices in June itself, we believe that the prospects for the housing market have deteriorated markedly following the Brexit vote,? Archer said.

?Housing market activity and prices now look to be at very serious risk of an extended, marked downturn following the UK?s vote to leave the EU.?

Archer went on to note that price falls would be restricted by the lack of supply in the market, but predicted that prices could drop 5% in the second half of 2016, with the possibility of a further 5-7% fall in 2017.

The Halifax report also noted the impact on the housing market from recent changes to stamp duty.

It said: ?The introduction of higher stamp duty tax rates for buy to let and a second home in April has had a substantial impact on house sales in recent months. A rush to complete sales ahead of the tax change caused a sharp rise in March, which was followed by a substantial decline in April. UK home sales stabilised in May.?

Farnborough airshow renews media partnership with FlightGlobal

Farnborough International Airshow has renewed its media partnership witaviation data and insight company, FlightGlobal, granting Farnborough official airshow partner status by FlightGlobal, while FlightGlobal has become an official media partner of the airshow, the company said.

The renewed relationship will see FlightGlobal produce four editions of Flight Daily News, covering all the biggest stories and analysis from the show and distributed by FlightGlobal´s familiar red-suited distribution team. As well as the print editions, FlightGlobal will bring all the news from the show to a global audience through its digital coverage.

Flight International´s Farnborough special preview edition will be available onsite, and the editorial team will also write and produce the weekly magazine´s extensive show report issue containing a more in-depth analysis of the announcements and news gathered over the course of the event.

RS Components confirms link between VoC, culture change

RS Components has joined forces with Confirmit to make the connection between voice of the customer (VoC) and culture change to drive continuous business improvement through the provision of real-time customer feedback across an organization, the company said.

The company detailed the benefits of taking a systematic approach to capturing customer experience across the organization, emphasizing on the value of clear journey mapping, consistent customer metrics, and real-time reporting in tracking and driving customer experience improvements across the globe.

The initiative has enabled the company to gather customer intelligence across multiple touchpoints and to identify and address the big issues for customers. It has also empowered employees to challenge conventional thinking to take the initiative to drive positive change.

RS Components and Allied Electronics are the trading brands of Electrocomponents plc, the global distributor for engineers.

Confirmit is an SaaS vendor for multi-channel Voice of the Customer, Voice of the Employee, and Market Research solutions. It has offices in Oslo (headquarters), Chengdu, Grimstad, London, Moscow, New York, San Francisco, Sydney, Vancouver, and Yaroslavl. Its software is also distributed through partner resellers in Madrid, Milan, Salvador, and Tokyo.

Uganda studies options for national airline

Uganda´s government has approved plans for a new national airline and is now in the process of deciding what form it will take, the government said.

Head of public affairs at Uganda´s civil aviation authority Ignie Igunduura said studies submitted by the regulator and experts indicated the country needed a new national airline, especially if there are plans to hub at the country´s national airport in Entebbe.

Options under consideration for how a new carrier might be constituted include a joint venture, a fully state-owned entity and a carrier that is established by the government and then listed via an IPO.

Igunduura says the government wants the carrier to have an initial fleet of seven aircraft and to operate a network prioritizing regional and internal flights, followed by international routes. Currently the government is looking at ordering medium-sized jets and is examining Embraer and Bombardier CRJ regional jets.

HTC gathers VCs to form USD10bn VR-focused investor consortium

HTC Corporation has formed the Virtual Reality Venture Capital Alliance, a consortium of 28 venture capital firms that invest in the VR industry, the company said.

The VRVCA members together represent well over USD10 billion of investible capital aimed at supporting true innovation and accelerating growth in the VR industry globally.

HTC has been driving the development of a healthy VR ecosystem leading to long-term sustained growth of the industry as a whole. The HTC led Asia Pacific Virtual Reality Alliance, comprising the top players in the VR industry, was formed for this purpose.

Vive X and VRVCA-invested startups have access to the unique go-to-market platform, Vive Port, HTC´s VR application store. Vive Port has been available to Chinese users for two months and has launched approximately 100 VR titles.

HTC is a pioneer in smart technologies and virtual reality devices and technology. The company has produced HTC One and HTC Desire lines of smartphones, and is now in the VR industry with the Vive line of products.

Wreckage of missing Il-76 found on Siberian hillside

Russia´s Interstate Aviation Committee and the federal Investigative Committee have supported the crash inquiry of an Ilyushin Il-76 transport that vanished while conducting firefighting operations in the Irkutsk region, the committees said.

Search teams in Siberia have found the wreckage of the flight and according to the Russian emergency situations ministry, the aircraft, discovered on July 3, has been destroyed.

The ministry has not indicated whether there are any survivors among the 10 crew on board the jet when it disappeared on 1 July. It states that the wreckage is located in the Kachugsky district in the southern part of the Irkutsk oblast.

The ministry says the aircraft was found on the slope of a hill, some 9km east-south-east of a village called Ribniy Uyan, by teams from the ministry´s specialised mobile rescue division Centrospas as well as the Russian aerial forestry protection service.

The Investigative Committee says the aircraft departed from an airport in the Usolsky district, in the far south of the Irkutsk oblast, on 1 July, in order to attend the Kachugsky wildfires.

Vodafone launches MachineLink 4G developed by NetComm

Vodafone has launched the Vodafone MachineLink 4G, a 4G LTE M2M device developed by NetComm Wireless Limited (ASX: NTC), to strengthen coverage, capacity and remote connectivity as business customers extend their use of M2M, the company said.

Developed to meet the global deployment requirements of Vodafone Enterprise and its partners, the MachineLink 4G is expected to accelerate the adoption of M2M which is experiencing year-on-year growth of 23 percent, according to the third annual Vodafone M2M barometer report.

The MachineLink 4G integrates the Vodafone Global SIM to provide a solution that can be deployed virtually anywhere. The device combines edge processing capabilities with the ability to manage mobile and bandwidth-intensive applications that transmit large volumes of data in real time in areas such as smart buildings, healthcare, security, transport and retail.

NetComm Wireless is a developer of wireless Machine-to-Machine (M2M) and Industrial Internet of Things (IIoT) devices for telecommunications carriers, core network providers and system integrators.

Next-generation X-as-a-Service helps communications providers transition to digital services

ABI Research has found a new trend among communication service providers (CSPs) to adopt Managed X-as-a-Service or services delivered via a cloud model, which accelerate time-to-profit and minimize capital expenses for their transition into digital service providers, the company said.

The company said X-as-a-Service developments are seen as the next-generation method to deliver new cloud-based services and improve quality of service and availability for customers, which will enable operators to provide services faster and avoid any upfront costs to install services on site.

While Ericsson, Huawei, Nokia, and ZTE dominate the USD13 billion telecom managed service market, ABI Research expects the market to accelerate as operators evolve to an agile IT footing. This could lead to an increase in total managed services revenues, service innovations, and customer experience management as vendors develop X-as-a-Service offerings.

ABI Research provides business leaders with research and consulting services to help them implement informed, transformative technology decisions.

Electrons d'Or Award given to IDT, BAE Systems for space-grade chip

Electroniques Magazine has selected BAE Systems´ RADNET1848-PS, built upon IDT RapidIO technology, as winner in the military/aerospace category for it´s space-grade chip, the company said.

The chip is designed to help speed the movement of massive amounts of data through a network of radiation-hardened computer systems in outer space.
IDT´s RapidIO switch technology serves as the foundation for BAE Systems´ RADNET1848-PS radiation-hardened microchip, which won the award in the military/aerospace category.

Integrated Device Technology, Inc. develops system-level solutions that optimize its customers´ applications. IDT´s products in RF, timing, wireless power transfer, serial switching, interfaces and sensing solutions are among the complete mixed-signal solutions for the communications, computing, consumer, automotive and industrial segments.

Verizon, Samsung unveil 4G LTE network extender for homes and businesses

Verizon Communications, Inc. (NYSE: VZ) (NASDAQ: VZ) and the networks division of Samsung Electronics America, Inc. have unveiled a new 4G LTE network extender designed to enhance wireless voice communications and deliver data coverage for residential and business locations, the companies said.

Adding to the existing 4G LTE network extender for enterprise, the new 4G LTE network extender expands Verizon´s 4G LTE in-building coverage solution portfolio to include homes, small business locations, restaurants, smaller public safety offices and branch office locations.

The 4G LTE network extender features Samsung´s innovative small cell technology, which enables Verizon subscribers to make HD voice and video calls, access mobile data, and stream content from in-building locations where existing cellular coverage may not adequately reach. The product provides a cost-effective and simple-to-install solution to overcome the challenges of weak coverage in buildings with dense materials or located in remote areas.

Samsung Electronics America, Inc. (SEA) is a consumer electronics, mobile devices and enterprise solutions company. A wholly owned subsidiary of Samsung Electronics Co., Ltd., provides consumers and organizations with a portfolio of groundbreaking products in mobility, virtual reality, wireless infrastructure, wearables, electronics, and home appliances.

Verizon Communications Inc. employs a diverse workforce of 177,700 and generated nearly USD132 billion in 2015 revenues. Verizon operates a wireless network, with more than 112 million retail connections nationwide.