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Make in India: Apple assembled $14 bn worth of iPhones in India in FY24

Apple now makes as much as 14% or about 1 in 7 of its marquee devices in India

Fitch downgrades China outlook to negative on economic growth risks

China's factory output and retail sales topped forecasts in January-February, joining better-than-expected exports and consumer inflation indicators, providing an early boost to Beijing's hopes

Floods swamp settlements in Russia, over 96K evacuated in Kazakhstan

The water level in the Ural is rising, said Alexei Kudinov, the first deputy head of Orenburg. Reuters footage showed swathes of areas near the city under water

Beware of deepfake of CEO recommending stocks, says National Stock Exchange

The exchange said its officials are not authorised to recommend or deal in any stocks

BOJ Guv Ueda rules out responding to weak yen with interest rate hike

The weak yen may push up import prices but that alone won't trigger a rate hike either, Ueda said

Yellen face tariff decisions after giving factory capacity warning to China

On what may be her last trip to China as Treasury chief, she saw pushback on her core complaint that a massive export wave of cheap EVs and solar panels

China's EV makers order record number of ships to support car exports

BYD alone exported over 240,000 cars in 2023, about 8 per cent of its global sales, and plans to export up to 400,000 this year

Ukraine struck nuclear plant again, claims Russia; Kyiv denies attack

'The unique training centre of the Zaporizhzhia nuclear plant was attacked,' the Russian-controlled plant said in a statement. The drone fell on the roof of the training centre, it said

US federal court orders Philips to curb production of sleep apnea devices

As part of this plan, Philips is also required to make several attempts to contact a patient or a medical equipment provider regarding actions they must take to help ensure patients

Crude oil holds near five-month high amidst tensions in West Asia

Brent crude futures edged up 5 cents, or 0.1%, to $90.43 per barrel by 1309 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 10 cents or 0.1% at $86.33

Swiss women win landmark climate case at top Europe human rights court

The Swiss women, known as KlimaSeniorinnen and aged over 64, said their government's climate inaction put them at risk of dying during heatwaves

Microsoft to invest $2.9 billon to expand AI, cloud infra in Japan

The investment - the company's largest in the 46 years of its operations in the country - will also go towards skilling three million people in AI and setting up a Microsoft Research Asia lab in Tokyo

Russia, Kazakhstan evacuate over 100,000 people amid worst flood in decades

Downstream, water levels in Orenburg, a city of around 550,000, rose towards the critical level of 9.3 metres as sirens warned major floods were imminent

South Korea to invest $7 billion in AI by 2027 to retain edge in chips

South Korea plans to significantly expand research and development in AI chips such as artificial neural processing units (NPUs) and next-generation high-bandwidth memory chips

Ukraine strikes nuclear plant again, says Russia; Kyiv denies the attack

The Kremlin has said the drone attacks on the nuclear plant were carried out by Ukraine and said they were very dangerous with extremely grave potential consequences

US small-biz sentiment slides to lowest level in more than 11 yrs in March

Twenty-five percent of owners reported inflation was their single most important problem in operating their business, reflecting higher input and labor costs, up 2 points from February

Bain Capital raises $429 mn with Axis Bank stake sale; sells 33.4 mn shares

Bain sold 33.4 million shares in the block trade, according to a term sheet reviewed by Reuters

Here's how Boeing's latest crisis could imperil 2021 DOJ crash agreement

Justice Department officials are probing whether Boeing has complied with that 2021 agreement and are considering the Jan. 5 blowout on an Alaska Airlines 737 MAX 9 jet as part of that review

Cruise to resume 'robotaxi' tests with safety drivers in Phoenix, Arizona

The company is set to announce and begin the testing as early as Tuesday, the report said, citing people familiar with the matter

Airlines struggle with lack of planes ahead of summer travel surge

Boeing is reeling from a sprawling crisis that erupted after the January 5 Alaska Airlines blowout.