Bloomberg
Bloomberg
Page 410 - Bloomberg
Tim Cook to visit India next week for the country's first Apple store
The two stores have been a long time in the making as India's strict rules forbid global brands from opening own-brand outlets unless they source a significant portion of the goods from within country
 "Tim Cook to visit India next week for the country's first Apple store")
S Korea fines Google $32 mn for squeezing local rival in mobile app market
Google tried to block Korean platform rival One Store Co.'s growth, Korea's Fair Trade Commission said in an e-mailed statement Tuesday
 "S Korea fines Google $32 mn for squeezing local rival in mobile app market")
Cost of Iraqi oil to India drops as competition from Russia bites
The price of crude from Iraq averaged $76.19 a barrel, compared with $78.92 in January, according to data published by India's ministry of commerce and industry
 "Cost of Iraqi oil to India drops as competition from Russia bites")
China's weak inflation fuels calls for ease in policy to aid recovery
While the economy has been recovering post-Covid, the figures indicate domestic demand remains weak, giving authorities space to roll out more supportive policies
 "China's weak inflation fuels calls for ease in policy to aid recovery")
India's need for fossil fuel encouraging heatwaves that will cripple it
India's emissions are already on the brink of overtaking those from the European Union. By 2030, they'll account for more pollution than Europe and Japan put together
 "India's need for fossil fuel encouraging heatwaves that will cripple it")
Ex-Twitter CEO Parag Agrawal reveals DOJ probe in pursuit of legal fees
Parag Agrawal, ousted last year by new owner Elon Musk, and other former executives said in a Delaware Chancery Court lawsuit
 "Ex-Twitter CEO Parag Agrawal reveals DOJ probe in pursuit of legal fees")
Apple's PC shipments fall 40%, steepest among major computers makers
The slowdown in consumer spending over the past year has led to double-digit declines in smartphone shipments and an accumulating glut among the world's foremost memory chip suppliers
 "Apple's PC shipments fall 40%, steepest among major computers makers")
Samsung's cut in memory chip production is good news for industry
Samsung said Friday it would cut production to a meaningful level after reporting its smallest profit in more than a decade
 "Samsung's cut in memory chip production is good news for industry")
End may be in sight for global interest rate-hike cycle as Fed nears peak
The short-lived peak for global rates, according to a gauge calculated by Bloomberg Economics, will be 6% in the third quarter. By the end of next year, that measure is seen dropping to 4.9%
 "End may be in sight for global interest rate-hike cycle as Fed nears peak")
Who leaked the alleged classified US documents online & what do they tell?
Multiple tranches of documents have appeared on social media sites over recent weeks, some of them reportedly intended only for those with the highest levels of US security clearance
 "Who leaked the alleged classified US documents online & what do they tell?")
Tesla new battery plant in Shanghai cements China's place in energy storage
China already had more than 1,400 gigawatt-hours of battery manufacturing capacity, with another 6,000 gigawatt-hours under construction or announced
 "Tesla new battery plant in Shanghai cements China's place in energy storage")
OpenAI CEO plans expansion in Japan after meeting PM Fumio Kishida
Altman said that he discussed the technology's potential with Kishida, and how to mitigate the downsides
 "OpenAI CEO plans expansion in Japan after meeting PM Fumio Kishida")
China holds second day of military exercises near Taiwan post Tsai's return
China held a second day of military drills around Taiwan, with multiple exercises involving aircraft and ships, after the island's president, Tsai Ing-wen, returned from a visit to the US
 "China holds second day of military exercises near Taiwan post Tsai's return")
Bengaluru can't manage tech for MNCs, SVB crisis if it's stuck in traffic
Bengaluru has been dealt a terrible hand by politicians
 "Bengaluru can't manage tech for MNCs, SVB crisis if it's stuck in traffic")
Apple at heart of US-China selective decoupling, says Gallagher
Representative Mike Gallagher, the chairman of a House committee focused on US-China competition, met with Apple Chief Executive Officer Tim Cook
 "Apple at heart of US-China selective decoupling, says Gallagher")
Tesla to build new Shanghai factory for Megapack battery, says report
The company led by Elon Musk, who is visiting China this weekend, made the announcement at a signing ceremony for the project in Shanghai, the report said
 "Tesla to build new Shanghai factory for Megapack battery, says report")
S Korea, India to strengthen ties to diversify supply chain away from China
South Korea plans on strengthening cooperation with India as Seoul attempts to align with a US-led push to diversify the global supply chain away from China
 "S Korea, India to strengthen ties to diversify supply chain away from China")
A $1.5 trillion wall of debt is looming for US commercial properties
The investment bank estimates office and retail property valuations could fall as much as 40% from peak to trough, increasing the risk of defaults
 "A $1.5 trillion wall of debt is looming for US commercial properties")
Elon Musk to visit China this weekend with possible Tesla plant stop
Musk is travelling with Tom Zhu, who was named Tesla's senior vice president of automotive this month
 "Elon Musk to visit China this weekend with possible Tesla plant stop")
China holds military drills around Taiwan after Prez Tsai's US visit
The Taiwan leader had urged Beijing not to overreact before her departure from Los Angeles on Thursday
 "China holds military drills around Taiwan after Prez Tsai's US visit")
