Page 4 - Bloomberg

Apple lowers app store cut in China in move to fend off local regulators

The company said that its commission is changing from 30 per cent to 25 per cent for its mainland China App Store

Unilever plans to boost CEO pay, overhaul incentives to attract US talent

In 2026, if CEO Fernando Fernández hits the top performance target, his pay could exceed $21 million; if Unilever's share price also rises 50%, his compensation may surpass $26 million

Iran weakened by strikes but regime change not guaranteed: Netanyahu

The Israeli premier asserted that the war was inevitable once Iran accelerated efforts to revive its nuclear and missile programs following the June 2025 conflict

US gives nod for sale of more Russian oil already at sea amid Iran war

The measure, which applies only to oil loaded before March 12, expands upon a month-long waiver given to India last week, which was intended for crude loaded on ships before March 5

NYC Mayor Zohran Mamdani faces warnings over city's fragile finances

For fiscal 2026, Levine, who was sworn in to office in January alongside Mamdani, estimates operating expenses to be $4.5 billion more than revenue

Active shooter reported at synagogue in Michigan, police respond

FBI director Kash Patel said on X that agency personnel are also on the scene responding to the apparent vehicle ramming and active shooter situation

India asks china for urea as war-induced gas crunch hits plants

The move is a sign of the unusual measures countries are taking to secure key commodities as US-Israeli attacks in Iran snarl global trade and raise risks for food and energy supplies

US trade deficit narrows to $54.5 billion in January as exports rise

Trade flows last year were subject to large monthly swings as US importers reacted to a slew of tariff announcements from President Donald Trump

Trump administration set to suspend Jones Act to curb oil prices

The US last issued a waiver for the Jones Act in October 2022 for a tanker heading to Puerto Rico to deliver supplies follow Hurricane Fiona

India in talks with Iran for safe passage of over 20 tankers via Hormuz

Negotiations are still ongoing and are being handled by the ministry of foreign affairs, said the people, who asked not to be named as the conversations are sensitive

India plans to launch $11 billion fund to support domestic chipmaking

India is hoping to woo major chipmakers to the world's most populous country with its engineering, design talent as well as subsidies in much the same way it's helped Apple Inc. expand in the region

Govt plans new smartphone export incentives in a boost for Apple, Samsung

The policy design, size of the incentives and the overall budget are still being finalised and may change during the inter-ministerial consultations

Iran war exposes vulnerabilities for airlines in global aviation network

Global airlines have seen billions of dollars wiped from their market capitalisation on the surging cost of fuel and uncertainty about when safe operations can resume

Cooking gas crunch in India fuels inflation fear as Iran war widens

The gas crunch is rippling through the economy, raising fears about a spike in prices and a drop in output in some sectors

Trump to invoke Cold War era powers for offshore oil producer Sable

The planned order comes as Trump faces heavy political pressure to confront rising fuel prices before the November midterm elections

Apple's foldable iPhone to feature iPad-like interface when opened

The inside display will use a wide aspect ratio, a departure from the narrower formats of foldable phones currently on the market

West Asia crisis threatens Saudi Arabia's $38 billion video game push

Recent attacks on Saudi Arabia by Iran are impacting business leaders' faith in the country's goal to grow into a cultural centre for video games, sports and entertainment

Two tankers attacked in Iraqi waters; oil terminals suspend operations

Iraq's State Organization for Marketing of Oil, or SOMO, named the tankers as Marshall Islands-flagged Safesea Vishnu and Malta-flagged Zefyros

UN Security Council condemns Iran strikes on neighbouring Gulf countries

The Council voted in favour of a resolution that condemned the strikes carried out by Iran using missiles and attack drones against Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, the UAE and Jordan

Brent tops $100 as Iran attacks tankers in Iraq, Oman clears oil terminal

The global benchmark soared as much as 10.5 per cent to $101.59 a barrel, while West Texas Intermediate surged near $96