Page 137 - Bloomberg

IPL betting boom strains Indian banks as UPI handles trillions in flows

The frenzy of real-time IPL betting is testing the limits of India's UPI network, as banks struggle to manage surging digital transactions and prevent payment failures

Apple escapes crisis as Trump pauses tariffs on 'made-in-China' devices

While a new, lower so-called sectoral tariff may still come on goods that have semiconductors - and a 20% tariff on China remains - the change marks a win for Apple

Tariff pause on electronics for brief period, says Howard Lutnick

Lutnick comments indicate that the exemptions, published in a US Customs and Border Protection document late Friday, were made to shift those products ultimately to a different levy

US tariff break a 'small step' in fixing wrongdoings, says Beijing

President Donald Trump's administration excluded smartphones, computers and other electronics from the increased import duties on Friday

G-7 central banks prepare first policy responses to Trump tariffs chaos

Against a backdrop of rising Treasury yields, weaker dollar and slumping stocks tied to US trade policy, investors will be seeking clues from Fed policymakers on their appetite for lower interest rate

Apple narrowly escapes major crisis after Trump grants tariff exemption

Donald Trump's 125% tariffs on Chinese goods threatened Apple's supply chain as severely as Covid disruptions. But on Friday, the US president gave Apple relief by exempting key consumer electronics

Apple makes $22 billion worth of iPhones in India as it shifts from China

The ramp-up suggests the iPhone maker and its suppliers are accelerating a pivot to India from China, a process it began when harsh Covid lockdowns hurt production at Apple's largest plant

US lawyer refuses to disclose fate of wrongly deported Maryland man

Immigration officials arrested Abrego Garcia on March 12 and accused him of playing a "prominent role" in MS-13, though he hasn't been convicted of a crime or charged with one

Trump floats possible exceptions to 10% baseline tariff amid trade turmoil

Trump's comments capped a tumultuous week for equity and bond markets and threaten to inject more uncertainty for countries, investors and businesses grappling with his trade policies

Trump tariffs aimed at 'America First' are making China great again

For now, Asian nations are falling in line to negotiate their way out of his tariffs. In the long term, they'll work toward strengthening cooperation with each other

India wants to seal US trade deal with an 'urgency' not seen before

During Modi's visit to the White House in February, India and the US had said that they plan to sign a trade deal by the fall of this year

China tech faces worry beyond Trump tariffs after $350 billion wipeout

The Hang Seng Tech Index has shed more than $350 billion in market value since a March high, though it has gained about 9 per cent over the past three sessions

Chief Justice lets Trump fire 2 officials; Fed Chair Powell's job at risk?

US Chief Justice John Roberts allows Trump to remove two agency heads as the Supreme Court takes up a case that could ultimately affect the job security of Fed Chair Jerome Powell

Alibaba's Jack Ma wants AI to serve, not replace or rule over humans

The Chinese billionaire, who once likened AI to love, argued that the technology should be tailored to serve people and make their lives better

Why Donald Trump's dream of made-in-the-USA iPhones isn't going to happen

Apple sells over 220 million iPhones annually across seven models in various colours and storage options, making its complex manufacturing process heavily reliant on China's vast production scale

Federal judge allows Trump to proceed with immigrant registry rule

Judge Trevor N. McFadden of the US District Court for the District of Columbia found plaintiffs had failed to establish likelihood of standing to challenge the registry rule

Oil crash could push Saudi Arabia's budget deficit to $67 bn: Goldman Sachs

Crude has plunged to its lowest level in about four years after US President Donald Trump unveiled new tariffs on almost all countries

Wall Street execs credit Dimon & Ackman for swaying Trump on tariffs

Investors are breathing a sigh of relief, Varadhan replied, according to a person briefed on the discussion. Goldman had just predicted a US recession

US inflation slows in March, offering relief before looming tariff impact

The inflation slowdown reflected a decline in energy costs, used vehicles, hotel stays and airfares. The cost of motor vehicle insurance

Tesla set to enter Saudi Arabia as Musk mends relations with the kingdom

The company will showcase its model lineup, plus prototypes of its Cybercab and the humanoid robot Optimus, at a launch event in Riyadh