Daily Business Wrap - Apple eyes era post iPhones as it replaces retail chief - video Dailymotion

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Apple signals new direction with its appointment, and regulators in Germany prepare to release findings of unprecedented probe into Facebook. Daily headlines from the UAE and around the world brought to you by Gulf News. See more at: http://gulfnews.com/videos

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00:00Much ado about nothing.

00:03That's pretty much all you need to know about Donald Trump's State of the Union address

00:07from last night, in case you missed it.

00:09Traders looking to that address for a trading catalyst were left just about empty-handed.

00:13The US dollar was steady after the speech, and there was nothing really new in there

00:17for traders to sink their teeth into.

00:19The speech laid out the president's priorities for the year ahead, which included illegal

00:23immigration and a border wall.

00:25In other news, Apple named its third retail chief in seven years, as the company looks

00:29to an era beyond its pricey iPhones.

00:31Apple said that a company veteran will replace Angela Ahrens, who has been in this role

00:35for nearly five years.

00:37The news about the departure of Ahrens, who is Apple's top female executive, came as

00:40a surprise, but it also signals for investors that the company is looking to a new direction.

00:45And finally, regulators in Germany are preparing to release the findings of an unprecedented

00:49probe into Facebook.

00:51Few in the antitrust community doubt that the regulators will actually ask Facebook

00:54or order it to change its practices, but the stakes are very high, especially amid

00:59the scrutiny that Facebook is facing for its data-harvesting practices.

01:03This is all for now.

01:04Please check us out at gulfnews.com forward slash business.

01:07This has been the Daily Business Wrap.

01:08I've been Sarah Dia.

Daily Business Wrap - Apple eyes era post iPhones as it replaces retail chief

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