Author: Daniel snow

Apple raises trade-in prices for iPhones in China as amid competition

By

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…

Read More

China says U.S. dialogue to continue as Beijing hints trade talks are advancing

By

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

Read More

Japan’s core inflation climbs to 3.5%, highest in more than 2 years

By

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…

Read More

Amazon shareholders reject proposal to split CEO and chair roles

By

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…

Read More