THE NEWS WRAP: Samsung adds iPhone 5 sync claim to lawsuit against Apple

Samsung has added the iPhone 5 to its US patent lawsuit against Apple, claiming that its tech rival infringed eight of its patented innovations in order to create the much-hyped smartphone.


The decision to launch a claim against the iPhone 5 adds to the existing lawsuit Samsung has against previous iPhone and iPad models.


Samsung claims that the new handset copies a way to synchronise content such as photos and capture and send video over the internet.


Further rate cuts demanded by firms


Business leaders have called for a further cut to interest rates, amid fears that the mining boom is coming to a juddering halt.


Yesterday’s decision by the Reserve Bank of Australia to cut the cash rate by 25 basis points has been broadly welcomed by businesses, but some have called for further relief ahead of the Christmas retail season.


Unemployment set to leap: Report


Australia faces a “white collar recession”, with unemployment set to rise to 6% due to redundancies in sectors such as IT and finance, according to a new report.


The Macquarie Bank study said that the unemployment rate is set to jump when redundancies not yet counted in the official figures start to kick in.




The Dow Jones Industrial Average dropped 32.83 points, or 0.24%, to 13,482.28. The Australian dollar dropped to US102.67 cents.


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