Supply Lines is a daily newsletter that tracks global trade. Sign up here. China’s antitrust watchdog is laying the groundwork for a potential probe into Apple Inc.’s policies and the fees it charges app developers, part of a broader push by Beijing that risks becoming another flashpoint in the country’s trade war with the US….
Apple Inc. lambasted the EU’s Digital Markets Act after the first known porn app for the iPhone arrived on the company’s devices in the region. The app, called Hot Tub, is available in the EU via AltStore PAL, a third-party software marketplace that became available in the region due to local requirements. The app allows…
President Donald Trump said he would ask Saudi Arabia and other OPEC nations to “bring down the cost of oil” and reiterated his threat to use tariffs to bring manufacturing back to the US as he addressed world leaders gathered in Davos on Thursday. Trump also said he would demand an immediate drop in interest…
Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. India is trying to pry open the doors of the world’s biggest app stores, setting up a likely clash with Apple Inc. and Alphabet Inc. over social services, safety standards and access to the…
A key measure of CEO confidence in China signaled pessimism for the first time since the pandemic even after the nation unleashed a raft of stimulus measures. Sentiment among the country heads of mostly American and European companies dropped to 49, down from 56 in the previous six months, according to a survey by the…
China’s copper importers are reining in the amount of tonnage they buy through annual supply negotiations, once a bellwether for the global metal market, and opting for spot supplies instead. For 2025, buyers in China will take less refined metal under yearly contracts than they did this year, including from producers like Chilean copper giant…
Chinese authorities banned a popular blogger known for his strong anti-Western comments, according to the South China Morning Post. Sima Nan, who has more than 3 million followers on China’s social media site Weibo, has been banned across different platforms for a year, according to the paper, which cited two unidentified sources. Sima last posted…
China wants a deal with US President-elect Donald Trump but doesn’t expect the path to an agreement will be easy, according to an adviser to the Foreign Ministry in Beijing. “For the Chinese side a deal is desirable,” said Wu Xinbo, director at Fudan University’s Center for American Studies in Shanghai, who led a group…
Two current and two former senior executives at AstraZeneca Plc are under investigation in China in an ongoing probe into alleged breaches of laws around drug importations and data privacy, the company said. This is in addition to Leon Wang, the British drugmaker’s China president, who remains in detention, a company spokesman at Astra told…