Author: Daniel snow
Exclusive-Taliban in talks with Russia, China for trade transactions in local currencies Source link
Here’s what business leaders will have to do to keep their customers. Source link
People stand in front of an Apple store in Beijing, China, on April 9, 2025.Tingshu Wang | ReutersApple on Friday raised the amount of money people can get off their next iPhone in China by trading in their old device, rolling out further incentives to spur demand in a crucial market.The iPhone 15 Pro Max now has a trade-in value of up to 5,700 Chinese yuan ($791), an increase from 5,625 yuan previously. For reference, a brand new iPhone 15 Pro Max starts at 7,999 yuan in China. The iPhone 15 Pro model can now be traded in for up…
The president clearly planned to ambush Cyril Ramaphosa. Source link
Asia FX rises as dollar eyes weekly loss; yen gains on strong Japan CPI Source link
Trade tensions between the world’s two largest economies have escalated in the last two weeks.Dilara Irem Sancar | Anadolu | Getty ImagesThe U.S. and China have agreed to maintain communication following a call between Chinese Vice Foreign Minister Ma Zhaoxu and U.S. Deputy Secretary Kurt Campbell on Thursday, according to a readout released by the Chinese Foreign Ministry on Friday.Both sides exchanged thoughts on crucial issues during the call, the statement said, without elaborating.This is breaking news. Please refresh for updates. Source link
TOPSHOT – Customers enter an electronics shop in the Akihabara district of Tokyo on January 12, 2024. Richard A. Brooks | Afp | Getty ImagesJapan’s core inflation accelerated to 3.5% in April, government data showed on Friday, as persistent cost pressure strengthens the case for the central bank to focus on exiting its decade-long ultra-easy policy.The core inflation figure, which strips out prices for fresh food, was higher than expectations of 3.4%, according to economists polled by Reuters, marking the highest level since January 2023, according to LSEG data.Headline inflation climbed 3.6% from a year ago, staying above the Bank of…
Amazon CEO Andy Jassy speaks during an unveiling event in New York on Feb. 26, 2025.Michael Nagle | Bloomberg | Getty ImagesAmazon shareholders rejected a proposal to adopt a policy that would require the company’s CEO and board chair roles to remain separate.Vote totals disclosed in a filing Thursday show about 82% of shareholders rejected the proposal. The independent proposal was submitted alongside seven others at Amazon’s annual meeting on Wednesday. Each of the independent proposals were rejected.Amazon split the roles of CEO and board chair when founder Jeff Bezos turned the helm over to Andy Jassy in 2021. As…
Jaque Silva | Nurphoto | Getty ImagesDefense contractor L3Harris Technologies will pay $62 million to settle allegations that it lied about the prices of equipment it sold to the U.S. military years earlier, the Justice Department said Thursday. L3Harris was recently tapped to help modify a luxury Boeing 747 jet from Qatar’s royal family that President Donald Trump wants to use as a new Air Force One, CNBC reported earlier this month. The settlement announcement came one day after the Pentagon formally accepted the airliner as a gift from the Qatari royal family.”L3Harris is pleased to have been able to amicably resolve the…
OpenAI is betting a new “era” of computing will justify the company’s decision to spend billions of dollars on bespoke hardware to go with it, Chief Financial Officer Sarah Friar said. The artificial intelligence startup, best known for the ChatGPT chatbot, announced plans on Wednesday to buy iPhone designer Jony Ive’s devices startup io for about $6.4 billion. Ive’s company was founded roughly a year ago and doesn’t have a product on the market.Friar told CNBC on Thursday that any startup as young as io was “hard to value.” But she sees an eventual return on that investment.”You’re really betting…