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Apple Q4 iPhone shipments in China drop 25% as Huawei closes in: Canalys

US tech giant shipped 13.1 million units in China during the period, narrowly maintaining its market lead with a 17 per cent share, according to Canalys data released on Thursday

Senators demand US trade chief halt 'secret' talks on investor protections

Tai was seeking to reach binding agreements on legal interpretations of investment protections before President-elect Donald Trump takes office on Monday, the letter said

US issues fresh round of sanctions against Russia ahead of Trump's return

As part of the action, the Treasury imposed new curbs on almost 100 entities that were already under sanctions, potentially complicating any future efforts to remove the measures

Vietnam mulls removing barriers for China-made aircraft to be operational

COMAC has been eyeing Vietnam as a potential market for some time, and conducted a southeast Asia marketing tour last February, during which it flew two demonstration planes to the country

Toyota unit Hino Motors reaches $1.6 bn US diesel emissions settlement

The settlement, which still must be approved by a US judge, includes a criminal penalty of $521.76 million, $442.5 million in civil penalties to US authorities and $236.5 million to California

NYC lawsuit against Exxon, BP, Shell over climate change dismissed

With about 8.3 million people, New York City said the companies falsely portrayed themselves in ads and social media as climate change leaders despite minimal investments in clean energy

Apple may replace Goldman with Barclays, Synchrony for credit card deal

Negotiations between Apple and Barclays have been ongoing for several months, but it may still take months to strike a deal

Azul, Gol draw closer to potential partnership to form major Brazil airline

Azul Chief Executive John Rodgerson said in an interview that the combined carrier, which would continue operating two separate brands despite the combined ownership, would be 'a national champion'

Carmakers in India plan EV onslaught in 2025 despite slowing global demand

Electric cars will take centre stage at India's five-day auto show in New Delhi starting Friday with models from new Vietnamese entrant Vinfast shown alongside Maruti Suzuki and Mahindra & Mahindra

US tightens Russia sanctions, warns biz of more penalties for partnerships

The official stressed that there are new sanctions on 15 companies related to Russia and China that have worked together to avoid existing sanctions

Global stocks rise on US inflation data, upbeat fourth quarter earnings

Adding to the upbeat tone for the stock market were bumper fourth-quarter results from the likes of JPMorgan, which reported its biggest annual profit on record on Wednesday

Trump's energy department pick calls for more LNG and nuclear power

Wright supports some fossil fuel alternatives, such as small nuclear power reactors, which are not yet commercially available, and geothermal power. He has criticized solar and wind power

US consumer prices increase slightly above expectations in December

The consumer price index rose 0.4 per cent last month after climbing 0.3 per cent in November, the Labor Department's Bureau of Labor Statistics said

Israel, Hamas reach ceasefire agreement meant to end 15-month Gaza war

The deal, not yet formally announced, outlines a six-week initial ceasefire phase and includes the gradual withdrawal of Israeli forces from Gaza

Trump team asks three senior American career diplomats to resign: Report

The team overseeing the State Department's transition to the new administration, the Agency Review Team, has requested that Dereck Hogan, Marcia Bernicat and Alaina Teplitz leave their posts

Citi beats estimates for Q4 profit, cuts return targets after 'critical' yr

Shares of the third-largest U.S. lender were last up 5 per cent in premarket trading on Wednesday after Citigroup said its board has authorized a new share repurchase program

Biden bids farewell from Oval Office as Trump looms over his legacy

Biden ran for president in 2020 as a transition figure, but opted at the unprecedented age of 80 to run for reelection, convinced he was the only Democrat who could beat Trump

S Korean investigators question impeached Prez Yoon in insurrection probe

His arrest, the first ever for a sitting president in South Korea, is the latest head-spinning development in one of Asia's most vibrant democracies

Opec forecasts oil demand growth in 2026, lowers estimates for 2024

Opec, in a monthly report, said demand will rise by 1.43 million barrels per day in 2026, a similar rate to the growth of 1.45 million bpd expected this year

Pakistan cuts charging stations' power tariff by 45% to boost EV adoption

The government is also planning to introduce financing schemes for e-bikes and the conversion of two- and three-wheeled petrol vehicles