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A new report suggests Apple’s growing shift toward manufacturing iPhones in India is beginning to reshape, and in some ways weaken, the dominance of China’s long-standing “iPhone City.” The report, published by Le Monde, highlights how Foxconn’s giant Zhengzhou plant is struggling with shrinking labour numbers, stricter regulations, and a decline in seasonal workers, even…
A lawyer for one defendant declined to comment and a lawyer for a second defendant did not immediately respond to a request for comment [File] | Photo Credit: REUTERS The U.S. Justice Department has charged four people in a scheme to illegally export Nvidia AI chips to China, prompting a key House Republican to call…
What’s going on here? China’s stock markets just recorded their worst weekly drop since December, as technology shares slumped and sent broader indexes sharply lower. What does this mean? The Shanghai Composite and CSI 300 indexes each sank around 1.9% on Friday, capping a 3.3% loss for the week – their sharpest declines since late…
China was already wary about Japan’s new prime minister, renowned Beijing hawk Sanae Takaichi, before she weighed in on one of its most sensitive issues: Taiwan. The saga began in late October when Ms Takaichi was questioned in parliament over how Japan would respond if China conducted a military blockade of Taiwan. “I believe any…
Japan’s export of lethal weapons sent an “extremely dangerous signal” indicating expanded military capabilities, Chinese observers and media said on Thursday as relations between the two countries continued to nosedive. The assessment followed Japanese media reports on Wednesday that Japan had exported domestically produced Patriot surface-to-air missile interceptors to the United States. The US would…
Amazon has started issuing payments to eligible Prime members as part of a $2.5 billion settlement over federal allegations that it misled customers. The online retailer agreed to the payouts in September to resolve a 2023 Federal Trade Commission lawsuit that accused Amazon of misleading customers into enrolling in Prime and making it hard for them to cancel…
The Shanghai Composite fell 1.6% to around 3870, while the Shenzhen Component dropped 2.8% to 12,620 on Friday, pushing mainland stocks to multi-week lows as Chinese technology and AI-linked shares joined a global selloff. Selling pressure spilled over from Wall Street, where concerns about an AI bubble persisted and stronger-than-anticipated US employment growth reinforced expectations…
Washington — Sen. Lindsey Graham, a South Carolina Republican, blocked a Democrat-led effort to approve a House-passed measure to repeal a controversial provision that allows senators to sue for $500,000 if federal investigators search their phone records without their knowledge. Sen. Martin Heinrich, a New Mexico Democrat, sought unanimous consent to approve the measure after…
The Indian Navy announced major progress in next-gen defence tech, emphasising that it will not fall behind the global technology curve. Over ₹450 crore has already been disbursed for innovation projects, with ₹1,500 crore allotted across 16 contracts. Vice Chief of Naval Staff Vice Admiral Sanjay Vatsyayan responded to concerns over China supplying submarines to…
11/20: CBS Evening News – CBS News Watch CBS News President Trump accuses some Democrats of “seditious behavior;” Walmart beats earnings expectations. Source link