Connect with us

Business

HP recalls 80,000 laptops because batteries pose fire hazard : The Standard

Published

on

Loading...

[ad_1]

HP has recalled 78,500 laptops and workstations, over fears their batteries pose “fire and burn hazards”.
The affected computers were all sold between December 2015 and April 2018, and include various ProBook models, along with models in the Envy, x360, and Notebook range.
HP is urging anyone with one of these laptops to request a replacement battery and apply a software update that switches their battery into safe mode, preventing it from charging.

SEE ALSO :Possible fall in prices of property as Uhuru is set to launch housing project

“The quality and safety of all HP products is our top priority,” the company said in a statement.    
“We learned that batteries provided by one of our suppliers for certain notebook computers and mobile workstations present a potential safety concern.
“We took immediate action to address the issue and are replacing the batteries in question.
“This action pertains to approximately 0.1% of the HP systems sold globally during the recall time period.”
HP said it had received eight reports of battery packs overheating, melting or charring – including one report of minor injury and two reports of property damage totalling $1,100.

SEE ALSO :Trainee teachers unaware of cervical cancer vaccine, study shows

Loading...

The company is proactively notifying customers, and will provide replacement battery services for each verified, eligible battery, at no cost.
This is an extension to the recall that HP first announced in January 2018 that involved 50,000 devices
“It is essential to recheck your battery, even if you did so previously and were informed that it was not affected,” the company stated on its website.
“However if you have already received a replacement battery, you are not affected by this expansion.”
The extended recall was issued in January 2019, but the US Consumer Product Safety Commission only got around to announcing it last week, because the US government has been in shutdown.

SEE ALSO :Vaccine could virtually eliminate cervical cancer: study

All the laptops with faulty batteries are listed below. HP Probook 640 G2

  • HP ProBook 640 G3
  • HP ProBook 645 G2
  • HP ProBook 645 G3
  • HP ProBook 650 G2
  • HP ProBook 650 G3
  • HP ProBook 655 G2
  • HP ProBook 655 G3
  • HP ProBook 430 G4
  • HP ProBook 440 G4
  • HP ProBook 450 G4
  • HP ProBook 455 G4
  • HP ProBook 470 G4
  • HP ZBook 17 G3
  • HP ZBook 17 G4
  • HP ZBook Studio G3
  • HP x360 310 G2
  • HP Pavilion x360
  • HP ENVY m6
  • HP 11 Notebook PC

The following products are compatible with but were not shipped with, affected batteries.
Customers may have purchased a battery as an accessory or received a replacement battery that is affected by the recall:

  • HP ProBook 430 G5
  • HP ProBook 440 G5
  • HP ProBook 450 G5
  • HP ProBook 455 G5
  • HP ProBook 470 G5
  • HP ZBook Studio G4
  • HP ENVY 15
  • HP mt20
  • HP mt21
  • HP mt31

HPLaptops



[ad_2]

Loading...
Continue Reading

Business

World Bank pushes G-20 to extend debt relief to 2021

Published

on

Loading...

World Bank Group President David Malpass has urged the Group of 20 rich countries to extend the time frame of the Debt Service Suspension Initiative(DSSI) through the end of 2021, calling it one of the key factors in strengthening global recovery.

“I urge you to extend the time frame of the DSSI through the end of 2021 and commit to giving the initiative as broad a scope as possible,” said Malpass.

He made these remarks at last week’s virtual G20 Finance Ministers and Central Bank Governors Meeting.

The World Bank Chief said the COVID-19 pandemic has triggered the deepest global recession in decades and what may turn out to be one of the most unequal in terms of impact.

Loading...

People in developing countries are particularly hard hit by capital outflows, declines in remittances, the collapse of informal labor markets, and social safety nets that are much less robust than in the advanced economies.

For the poorest countries, poverty is rising rapidly, median incomes are falling and growth is deeply negative.

Debt burdens, already unsustainable for many countries, are rising to crisis levels.

“The situation in developing countries is increasingly desperate. Time is short. We need to take action quickly on debt suspension, debt reduction, debt resolution mechanisms and debt transparency,” said Malpass.

ALSO READ:Global Economy Plunges into Worst Recession – World Bank

Loading...
Continue Reading

Business

Kenya’s Central Bank Drafts New Laws to Regulate Non-Bank Digital Loans

Published

on

Loading...

The Central Bank of Kenya (CBK) will regulate interest rates charged on mobile loans by digital lending platforms if amendments on the Central bank of Kenya Act pass to law. The amendments will require digital lenders to seek approval from CBK before launching new products or changing interest rates on loans among other charges, just like commercial banks.

“The principal objective of this bill is to amend the Central bank of Kenya Act to regulate the conduct of providers of digital financial products and services,” reads a notice on the bill. “CBK will have an obligation of ensuring that there is fair and non-discriminatory marketplace access to credit.”

According to Business Daily, the legislation will also enable the Central Bank to monitor non-performing loans, capping the limit at not twice the amount of the defaulted loan while protecting consumers from predatory lending by digital loan platforms.

Loading...

Tighter Reins on Platforms for Mobile Loans

The legislation will boost efforts to protect customers, building upon a previous gazette notice that blocked lenders from blacklisting non-performing loans below Ksh 1000. The CBK also withdrew submissions of unregulated mobile loan platforms into Credit Reference Bureau. The withdrawal came after complaints of misuse over data in the Credit Information Sharing (CIS) System available for lenders.

Last year, Kenya had over 49 platforms providing mobile loans, taking advantage of regulation gaps to charge obscene rates as high as 150% a year. While most platforms allow borrowers to prepay within a month, creditors still pay the full amount plus interest.

Amendments in the CBK Act will help shield consumers from high-interest rates as well as offer transparency on terms of digital loans.

SEE ALSO: Central Bank Unveils Measures to Tame Unregulated Digital Lenders

Loading...
Continue Reading

Business

Scope Markets Kenya customers to have instant access to global financial markets

Published

on

Loading...

NAIROBI, Kenya, Jul 20 – Clients trading through the Scope Markets Kenya trading platform will get instant access to global financial markets and wider investment options. 

This follows the launch of a new Scope Markets app, available on both the Google PlayStore and IOS Apple Store.

The Scope Markets app offers clients over 500 investment opportunities across global financial markets.

The Scope Markets app has a brand new user interface that is very user friendly, following feedback from customers.

The application offers real-time quotes; newsfeeds; research facilities, and a chat feature which enables a customer to make direct contact with the Customer Service Team during trading days (Monday to Friday).

The platform also offers an enhanced client interface including catering for those who trade at night.

Loading...

The client will get instant access to several asset classes in the global financial markets including; Single Stocks CFDs (US, UK, EU) such as Facebook, Amazon, Apple, Netflix and Google, BP, Carrefour;  Indices (Nasdaq, FTSE UK), Metals (Gold, Silver); Currencies (60+ Pairs), Commodities (Oil, Natural Gas).

The launch is part of Scope Markets Kenya strategy of enriching the customer experience while offering clients access to global trading opportunities.

Scope Markets Kenya CEO, Kevin Ng’ang’a observed, “the Sope Markets app is very easy to use especially when executing trades. Customers are at the heart of everything we do. We designed the Scope Markets app with the customer experience in mind as we seek to respond to feedback from our customers.”

He added that enhancing the client experience builds upon the robust trading platform, Meta Trader 5, unveiled in 2019, enabling Scope Markets Kenya to broaden the asset classes available on the trading platform.

Advertisement. Scroll to continue reading.

Loading...
Continue Reading

Trending