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Apple Aims to Build Most iPhones for US in India by End of 2026
Apple is seeking to import most of the iPhones it sells in the US from India by the end of next year. The plans are the latest sign of Apple and its suppliers accelerating a pivot away from China, a process that began when harsh Covid lockdowns hurt production at its largest plant.
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Nintendo Switch 2 Keeps Up Fast Pace With US Pre-Order Sellout
Nintendo's new Switch 2 console maintained strong momentum toward its summer release. Concerns about the price, $150 (roughly Rs. 12,816) higher than the predecessor Switch, and a gloomy macroeconomic outlook have not dampened consumer enthusiasm for the long-awaited gadget.
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China Likely To Exempt Some US Goods From Tariffs As Costs Rise: Report
Authorities are considering removing the additional levies for medical equipment and some industrial chemicals like ethane.
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Harvard Seeks To Sell $1 Billion In Private Equity Stakes, Says Report
Harvard University's endowment is in advanced talks to sell private equity fund interests totaling about $1 billion amid financial uncertainty and President Donald Trump's threats to cut federal funding, according to Bloomberg News on Thursday.
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Google Chrome Worth ‘Upwards of $50 Billion,’ Browser Rival Says
Google’s Chrome web browser could be sold for as much as $50 billion (roughly Rs. 4,26,756 crore), estimates CEO of rival search engine, DuckDuckGo. Weinberg, who said the estimate was “back-of-the-envelope” math based on Chrome’s user base, testified as part of a three-week hearing in the DOJ’s case against Alphabet’s Google to determi...
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Nintendo Sees Overwhelming Demand for Switch 2 in Japan
Nintendo said it sees overwhelming demand for its upcoming Switch 2 game console in Japan. The Kyoto-based company introduced a lottery system to deal with high demand in its domestic market, putting a priority on customers who played frequently and made online subscription purchases on the original Switch.
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VinFast to Open India Factory June 30, Indonesia Plant in October
Vietnamese electric vehicle maker VinFast Auto is pushing expansion in India, Indonesia, and the Philippines. VinFast expects to open its India manufacturing plant June 30, followed by an Indonesia plant in October, company founder and CEO Pham Nhat Vuong said during a Hanoi shareholders’ meeting for parent Vingroup JSC.
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Instagram Co-Founder Says Mark Zuckerberg Saw App’s Growth as ‘Threat’
Instagram co-founder Kevin Systrom testified that the app could have succeeded without being acquired by Meta Platforms. Systrom, testifying Tuesday at Meta’s antitrust trial in Washington, recounted how quickly Instagram was growing before Zuckerberg’s purchase offer.
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Intel to Announce Plans This Week to Cut Over 20 Percent of Staff
Intel is poised to announce plans this week to cut more than 20 percent of its staff. The cutbacks follow an effort last year to slash about 15,000 jobs — a round of layoffs announced in August.
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Americans Flock To Chinese Apps For Cheap Goods Amid Tariff Fears
Americans are scouring Chinese e-commerce apps for cheap handbags, yoga pants and wallets as shoppers fear homegrown platforms will hike prices due to tariffs.
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Apple to Reorganise Sales Division With Departure of Enterprise Chief
Mark Rogers, Apple’s vice president of western Europe and global enterprise sales, told colleagues that he’s leaving this fall. The move hasn’t been announced. In his current role, he oversees sales to corporate entities globally.
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NPCI Targets 300 Million New Users for UPI Payments Platform
National Payments Corporation of India (NPCI) aims to draw an additional 200 million to 300 million Indians to UPI to “break their cash memory”. The outfit is piloting vision recognition technology to encourage higher UPI usage in parking payments, he added.
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JioHotstar Crosses 200 Million Paying Subscribers on IPL Frenzy
JioHotstar has increased its paying subscriber base to over 200 million, driven by multi-language live broadcasts of the hugely popular Indian Premier League cricket matches. To get so many paying subscribers just from India in such a short time was “pretty satisfying,” said Uday Shankar, vice chairman of JioStar.
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Ex-Minister Suresh Prabhu Only Indian On Bloomberg New Economy Advisory Board
Former Union Minister Suresh Prabhu has been appointed to the Bloomberg New Economy advisory board, making him the only Indian on the list, which includes the former President of Indonesia, First Deputy Managing Director of the IMF, Gita Gopinath.
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Meta Whistleblower to Tell Congress That Company Aided China in AI Race
Sarah Wynn-Williams who served as director of global public policy at Meta, will tell the Senate Judiciary Subcommittee on Crime and Counterterrorism on Wednesday that she witnessed executives undermining US national security. The testimony will include allegations that Meta, formerly called Facebook, helped China advance in the artificial intellig...
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Apple Aims to Build Most iPhones for US in India by End of 2026
Apple is seeking to import most of the iPhones it sells in the US from India by the end of next year. The plans are the latest sign of Apple and its suppliers accelerating a pivot away from China, a process that began when harsh Covid lockdowns hurt production at its largest plant.
-
Nintendo Switch 2 Keeps Up Fast Pace With US Pre-Order Sellout
Nintendo's new Switch 2 console maintained strong momentum toward its summer release. Concerns about the price, $150 (roughly Rs. 12,816) higher than the predecessor Switch, and a gloomy macroeconomic outlook have not dampened consumer enthusiasm for the long-awaited gadget.
-
China Likely To Exempt Some US Goods From Tariffs As Costs Rise: Report
Authorities are considering removing the additional levies for medical equipment and some industrial chemicals like ethane.
-
Harvard Seeks To Sell $1 Billion In Private Equity Stakes, Says Report
Harvard University's endowment is in advanced talks to sell private equity fund interests totaling about $1 billion amid financial uncertainty and President Donald Trump's threats to cut federal funding, according to Bloomberg News on Thursday.
-
Google Chrome Worth ‘Upwards of $50 Billion,’ Browser Rival Says
Google’s Chrome web browser could be sold for as much as $50 billion (roughly Rs. 4,26,756 crore), estimates CEO of rival search engine, DuckDuckGo. Weinberg, who said the estimate was “back-of-the-envelope” math based on Chrome’s user base, testified as part of a three-week hearing in the DOJ’s case against Alphabet’s Google to determi...
-
Nintendo Sees Overwhelming Demand for Switch 2 in Japan
Nintendo said it sees overwhelming demand for its upcoming Switch 2 game console in Japan. The Kyoto-based company introduced a lottery system to deal with high demand in its domestic market, putting a priority on customers who played frequently and made online subscription purchases on the original Switch.
-
VinFast to Open India Factory June 30, Indonesia Plant in October
Vietnamese electric vehicle maker VinFast Auto is pushing expansion in India, Indonesia, and the Philippines. VinFast expects to open its India manufacturing plant June 30, followed by an Indonesia plant in October, company founder and CEO Pham Nhat Vuong said during a Hanoi shareholders’ meeting for parent Vingroup JSC.
-
Instagram Co-Founder Says Mark Zuckerberg Saw App’s Growth as ‘Threat’
Instagram co-founder Kevin Systrom testified that the app could have succeeded without being acquired by Meta Platforms. Systrom, testifying Tuesday at Meta’s antitrust trial in Washington, recounted how quickly Instagram was growing before Zuckerberg’s purchase offer.
-
Intel to Announce Plans This Week to Cut Over 20 Percent of Staff
Intel is poised to announce plans this week to cut more than 20 percent of its staff. The cutbacks follow an effort last year to slash about 15,000 jobs — a round of layoffs announced in August.
-
Americans Flock To Chinese Apps For Cheap Goods Amid Tariff Fears
Americans are scouring Chinese e-commerce apps for cheap handbags, yoga pants and wallets as shoppers fear homegrown platforms will hike prices due to tariffs.
-
Apple to Reorganise Sales Division With Departure of Enterprise Chief
Mark Rogers, Apple’s vice president of western Europe and global enterprise sales, told colleagues that he’s leaving this fall. The move hasn’t been announced. In his current role, he oversees sales to corporate entities globally.
-
NPCI Targets 300 Million New Users for UPI Payments Platform
National Payments Corporation of India (NPCI) aims to draw an additional 200 million to 300 million Indians to UPI to “break their cash memory”. The outfit is piloting vision recognition technology to encourage higher UPI usage in parking payments, he added.
-
JioHotstar Crosses 200 Million Paying Subscribers on IPL Frenzy
JioHotstar has increased its paying subscriber base to over 200 million, driven by multi-language live broadcasts of the hugely popular Indian Premier League cricket matches. To get so many paying subscribers just from India in such a short time was “pretty satisfying,” said Uday Shankar, vice chairman of JioStar.
-
Ex-Minister Suresh Prabhu Only Indian On Bloomberg New Economy Advisory Board
Former Union Minister Suresh Prabhu has been appointed to the Bloomberg New Economy advisory board, making him the only Indian on the list, which includes the former President of Indonesia, First Deputy Managing Director of the IMF, Gita Gopinath.
-
Meta Whistleblower to Tell Congress That Company Aided China in AI Race
Sarah Wynn-Williams who served as director of global public policy at Meta, will tell the Senate Judiciary Subcommittee on Crime and Counterterrorism on Wednesday that she witnessed executives undermining US national security. The testimony will include allegations that Meta, formerly called Facebook, helped China advance in the artificial intellig...
