Digital Locks to Protect Bikes from Theft

While other European cities like London and Paris set up shared bicycles schemes earlier, Madrid is the first major city to offer a system that only uses electric bicycles (AFP Photo/Gerard Julien)
While other European cities like London and Paris set up shared bicycles schemes earlier, Madrid is the first major city to offer a system that only uses electric bicycles (AFP Photo/Gerard Julien)
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Digital Locks to Protect Bikes from Theft

While other European cities like London and Paris set up shared bicycles schemes earlier, Madrid is the first major city to offer a system that only uses electric bicycles (AFP Photo/Gerard Julien)
While other European cities like London and Paris set up shared bicycles schemes earlier, Madrid is the first major city to offer a system that only uses electric bicycles (AFP Photo/Gerard Julien)

Berlin, London- Digital locks have become a solution for bikes’ theft. These are classic chain, bracket or folding locks that don't need a key. David Eisenberger from ZIV, Germany's cycling industry association says these locks can be opened and closed via the smartphone and an installed app.

These locks usually work using either Bluetooth or NFC (near-field communication), which work wirelessly over short distances.

They need battery power to operate. Another option to prevent theft is an alarm system similar to the ones found in cars. If the bike is moved, an alarm will make sound.

Stephan Behrendt from German cycling club ADFC also says that among this system’s disadvantages, however, is frequent false alarms, as well as being annoying, they also drain the battery.

Felix Lindhorst from BIV, the German federation of bicycle mechanics says the second category of bike protection uses GPS tracking if the bike gets stolen.

He adds that in terms of recovery, GPS trackers can help. These trackers are attached to the bike and transmit its location to the owner via smartphone.

Eisenberger notes that manufacturers often combine the different technologies.

Many systems are based on a combination of the digital lock, alarm system, and GPS tracker, he adds.



Apple Leads Surge in Global Tech Shares after Trump Tariff Relief

A plaque commemorating President Donald Trump’s and Apple CEO Tim Cook's announcement an additional $100 billion Apple investment in the US in the Oval Office of the White House in Washington, DC, USA, 06 August 2025. EPA/BONNIE CASH / POOL
A plaque commemorating President Donald Trump’s and Apple CEO Tim Cook's announcement an additional $100 billion Apple investment in the US in the Oval Office of the White House in Washington, DC, USA, 06 August 2025. EPA/BONNIE CASH / POOL
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Apple Leads Surge in Global Tech Shares after Trump Tariff Relief

A plaque commemorating President Donald Trump’s and Apple CEO Tim Cook's announcement an additional $100 billion Apple investment in the US in the Oval Office of the White House in Washington, DC, USA, 06 August 2025. EPA/BONNIE CASH / POOL
A plaque commemorating President Donald Trump’s and Apple CEO Tim Cook's announcement an additional $100 billion Apple investment in the US in the Oval Office of the White House in Washington, DC, USA, 06 August 2025. EPA/BONNIE CASH / POOL

Global technology stocks advanced on Thursday in a relief rally after the latest tariff salvo from US President Donald Trump largely exempted industry heavyweights from his threat to impose 100% levy on chips and semiconductors.

Trump said the new tariff rate would apply to "all chips and semiconductors coming into the United States," but would not apply to companies that had made a commitment to manufacture in the US or were in the process of doing so.

Apple's stock rose 3.3% in premarket trading after Trump's announcement on Wednesday that the company will invest an additional $100 billion in the US, a move that could help it sidestep potential tariffs on iPhones.

US-listed chipmakers advanced broadly, with Advanced Micro Devices up 2.5%, Intel gaining 2.1% and Nvidia up 1.1%, Reuters reported.

"A major uncertainty has been removed and investors can finally move on," UBS analysts said in a note.

Semiconductor manufacturing equipment supplier Applied Materials and chipmakers Texas Instruments, GlobalFoundries and Broadcom - Apple's partners in the investment effort - climbed between 0.8% and 10.1%.

European chipmakers also joined the rally, with ASML , ASMI and BE Semiconductor Industries climbing about 3% each.

Germany's Infineon said it could not speculate on possible semiconductor tariffs, as no details have been disclosed yet. Its shares were up 0.6%.

Trump's latest on semiconductor tariffs seemingly rules out Taiwanese chip contract manufacturer TSMC, which makes chips for most US companies, including Nvidia, as it has factories in the US.

"The market remains keen to buy TSMC on dips. Investors also believe they need to remain positioned in AI - with or without tariffs," UBS analysts said.

TSMC shares closed almost 5% higher to hit all-time highs, while Samsung Electronics and SK Hynix climbed 2.5% and 1.4%, respectively.

South Korea's Samsung and SK Hynix will also not be subjected to 100% tariffs on chips, the country's top trade envoy said.

Samsung has invested in two chip fabrication plants in Austin and Taylor, Texas, while SK Hynix has announced plans to build an advanced chip packaging plant and research and development facility for artificial intelligence products in Indiana.

Since stepping into the White House in January, Donald Trump has made several tariff threats, specifically on semiconductors, aimed at reshaping the supply chain of the industry and spurring domestic production.

"The (100% tariff) figure fits Trump's approach of 'open high, negotiate down' and the final figure could be similar to reciprocal tariffs to limit inflation in consumer goods, given that many have chips," said Phelix Lee, senior equity analyst at Morningstar.

Not everyone has come out of the latest blitz on the right side, with the Philippines and Malaysia looking to find out more details about the tariff rate.

Dan Lachica, the president of the trade body for the Philippine semiconductor industry, said 70% of its electronics exports are semiconductors and the new tariff rate would be "devastating". Philippine stocks were down 0.1% after falling as much as 0.9% during the day.

Malaysia's trade minister said the country has reached out to US counterparts for clarity on the tariffs.