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Bloomberg

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Apple plans to drop key Broadcom chip to use in-house design by 2025

Apple had been previously expected to replace the Qualcomm part as soon as this year, but development snags have pushed back the timeline

Apple plans to drop key Broadcom chip to use in-house design by 2025
Updated On : 11 Jan 2023 | 12:27 AM IST

Tata-run iPhone plant to create opportunities in India, says TCS executive

The $128 billion Tata Group has been in talks for months with Apple Inc.'s Taiwanese supplier Wistron Corp

Tata-run iPhone plant to create opportunities in India, says TCS executive
Updated On : 10 Jan 2023 | 12:21 PM IST

Prez Xi warns China officials to avoid 'collusion' with big business

He also warned against "any infiltration of capital into politics that undermines the political ecosystem or the environment for economic development"

Prez Xi warns China officials to avoid 'collusion' with big business
Updated On : 10 Jan 2023 | 8:59 AM IST

UK is halfway through squeeze that will cut incomes by £2,000: Report

The findings add to a bleak outlook for UK households after inflation jumped to double digits

UK is halfway through squeeze that will cut incomes by £2,000: Report
Updated On : 10 Jan 2023 | 12:20 AM IST

Goldman Sachs to cut about 3,200 jobs this week after cost review

The cuts also come a week before the bank's traditional year-end compensation discussions

Goldman Sachs to cut about 3,200 jobs this week after cost review
Updated On : 09 Jan 2023 | 11:55 PM IST

Taiwan passes 'Chips Act', offers tax credits to local chipmakers

Governments from US to Seoul have been offering incentives for domestic chip production, in hopes of reducing a reliance on Taiwan for advanced semiconductors and avoiding future supply disruptions

Taiwan passes 'Chips Act', offers tax credits to local chipmakers
Updated On : 09 Jan 2023 | 11:54 PM IST

Govt mulls lifting rice export curbs as supply improves, prices stabilise

India imposed a 20% duty on shipments of white and brown rice in September and banned broken rice sales abroad

Govt mulls lifting rice export curbs as supply improves, prices stabilise
Updated On : 09 Jan 2023 | 5:47 PM IST

Cornwall channels Cape Canaveral with its first planned space flight

The flight, slated for Monday, involves a so-called horizontal launch, with a rocket deployed from beneath a modified Boeing Co. 747 jet departing from Newquay's former air force runway

Cornwall channels Cape Canaveral with its first planned space flight
Updated On : 09 Jan 2023 | 5:17 PM IST

Cornwall channels Cape Canaveral with its first planned space flight

The flight, slated for Monday, involves a so-called horizontal launch, with a rocket deployed from beneath a modified Boeing Co. 747 jet departing from Newquay's former air force runway

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Updated On : 09 Jan 2023 | 4:43 PM IST

iPhone exports from India doubled to surpass $2.5 billion in April-December

While India makes up just a fraction of iPhone output, rising exports bode well for Prime Minister Narendra Modi's plan to make the country an alternative to China as factory to the world

iPhone exports from India doubled to surpass $2.5 billion in April-December
Updated On : 09 Jan 2023 | 3:55 PM IST

China, Pfizer hit deadlock over Paxlovid's price amid Covid-19 surge

Pfizer and the government agency that oversees the state medical insurance program failed to agree on a further cut on the price of Paxlovid

China, Pfizer hit deadlock over Paxlovid's price amid Covid-19 surge
Updated On : 09 Jan 2023 | 3:44 PM IST

China chips ban: Why US wants S Korea, Japan and the Netherlands on board

The US rolled out sweeping measures in October to limit the sale of advanced semiconductors and chipmaking equipment to China

China chips ban: Why US wants S Korea, Japan and the Netherlands on board
Updated On : 09 Jan 2023 | 1:17 PM IST

Twitter has a good chance of sliding slowly into irrelevance, like MySpace

Musk has little choice but to hurriedly monetize his new asset, unless he's to pay that debt out of his own pocket

Twitter has a good chance of sliding slowly into irrelevance, like MySpace
Updated On : 09 Jan 2023 | 7:06 AM IST

China's open borders mark an end to covid zero, spark homecoming rush

While the Covid zero policy managed to keep the virus at bay for much of the pandemic as it killed millions elsewhere, they became increasingly irrelevant with emergence of more infectious variants

China's open borders mark an end to covid zero, spark homecoming rush
Updated On : 09 Jan 2023 | 6:57 AM IST

Global economy may be entering a difficult era and economists are worried

The warnings of longer-term trouble come as investors are growing somewhat more hopeful of the Federal Reserve's ability to rein in sky-high inflation without causing a recession

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Updated On : 09 Jan 2023 | 6:57 AM IST

Urgent action needed to dilute risk of downturn, says World Bank

Even without another crisis, global growth this year "is expected to decelerate sharply" the World Bank said

Urgent action needed to dilute risk of downturn, says World Bank
Updated On : 08 Jan 2023 | 10:27 PM IST

Year of Bond starts with a $150 bin sales spree; may spill over this week

Hong Kong raising $5.8 billion via its biggest-ever green bond

Year of Bond starts with a $150 bin sales spree; may spill over this week
Updated On : 08 Jan 2023 | 10:22 PM IST

Vladimir Putin's energy gambit fizzles as warm winter saves Europe

While a cold snap or delivery disruptions could still throw energy markets into disarray, optimism is growing that Europe can now make it through this winter and next

Vladimir Putin's energy gambit fizzles as warm winter saves Europe
Updated On : 08 Jan 2023 | 10:04 PM IST

Diaspora set to rush home as China dismantles Covid Zero, opens borders

The reopening of China's borders marks the end of Covid Zero, a strategy that left it isolated for three years and weighed heavily on its economy

Diaspora set to rush home as China dismantles Covid Zero, opens borders
Updated On : 08 Jan 2023 | 1:11 PM IST

China reopening may add almost 1% to Australia's economic output: JPMorgan

Chinese student and tourist arrivals may add nearly one percentage point to Australia's economic output over the next two years, according to JPMorgan Chase & Co

China reopening may add almost 1% to Australia's economic output: JPMorgan
Updated On : 07 Jan 2023 | 11:43 AM IST