Apple has launched a new low-cost iPhone as it looks to build its presence in emerging markets. Yet some are not sure the new model is low-cost enough and there was disappointment it hasn’t yet been able to announce a deal with China Mobile. The company also launched a top-of-the-range model, the 5S. In other company news, Tesco pulls out of its troubled Fresh & Easy food chain in the US, Verizon is set to launch the biggest corporate debt sale of all time and a boardroom tussle at French media and telecoms group Vivendi may have calmed down, for now. Finally, a smartphone app that will park your car for you, but would you trust it with your prized set of four wheels?
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