Trump asks Apple to stop moving iPhone production to India
Apple will be “upping their production in the United States,” says US president
BYD to open European hub in Hungary, creating 2,000 jobs
Chinese EV giant expands European footprint with new center for sales, testing, and localized development
Cambodia seeks tariff relief as US trade talks begin in Washington
With a 49% tariff threatening its textile sector, Cambodia urges constructive dialogue to protect exports vital to its economy
Russia-Iran free trade pact comes into effect, unlocking $300 million in annual savings for Moscow
EEU deal slashes tariffs on Russian goods as Tehran opens market for first time in decades
Musk took leased cars back so Tesla could use them as “robotaxis” Instead, Tesla sold them
The policy starts in 2019 when Tesla allows customers to lease Model 3 sedans but requires their return for Tesla’s planned "robotaxi" network
China accuses U.S. of unfair restrictions on Huawei’s AI chip use
Chinese Ministry of Commerce says that such actions threaten the stability of global semiconductor supply chains
Oil prices plunge over 3% on hopes of U.S.-Iran nuclear deal
Brent crude falls by 3% to $64 a barrel, while U.S. West Texas Intermediate (WTI) crude drops by 3.2% to $61
Dollar slides ahead of key U.S. retail sales data
Japanese yen appreciates 0.6% to 145.94 per dollar, Swiss franc gains 0.5% to 0.8384, and euro edges up 0.2% to $1.1192
Trump says India offered zero-tariff deal on U.S. goods
India’s proposed deal includes zero tariffs on 60% of tariff lines and preferential access to 90% of U.S. imports
Japan’s top refiners cut green investments as costs soar
Global energy sector re-emphasizes fossil fuels amid concerns over energy security, cost inflation, and policy uncertainty
U.S.–China container bookings surge nearly 300% after tariff pause
German shipping firm Hapag-Lloyd also reports a 50% week-on-week increase in U.S.-China traffic in the early days of the week
Perplexity AI partners with PayPal to enable in-chat purchases
The collaboration lets users make purchases, book travel, or buy tickets directly through Perplexity Pro using PayPal
Qatar to invest $10 billion in largest U.S. Middle East military base, Trump says
Qatar also signs $42 billion worth of defense deals with the US
Netflix’s ad-supported tier reaches 94 million users globally
However, Netflix’s international content strategy faces challenges from potential tariffs on foreign-made films
Europe’s top retailers urge EU to curb Visa and Mastercard fees
The complaints come as the EU continues exploring long-term alternatives to reduce reliance on non-European payment systems