Apple considers iPhone price hikes as tariff pressure mounts, eyes India for supply shift
Despite a potential $900 million tariff burden, Apple remains cautious about linking cost increases to U.S.-China trade tensions
Trump credits U.S. role in defusing India-Pakistan tensions, claims nuclear war was averted
U.S. President says economic ties helped end hostilities; praises Indian and Pakistani leadership for averting “a bad nuclear war”
Global pharma stocks tumble after Trump pledges drug price cuts
Trump pledges a 59% reduction in drug prices, building on an earlier promise of a 30% to 80% cut
Oil prices climb 4% as U.S., China ease tariffs
Brent crude increases by $2.43, or 3.8%, to $66.34 a barrel, and U.S. West Texas Intermediate crude rises by $2.51, or 4.1%, to $63.53
Dollar jumps after U.S.-China reach deal to cut tariffs
Dollar rises 1.9% to 148.16 yen and gains 1.5% against the Swiss franc to 0.8443
Foreign smartphone shipments to China plunge 50% in March
CAICT data shows that shipments dropped 49.6% YoY, declining to 1.887 million units from 3.747 million in March 2024
U.S.-China tariff deal leaves fate of duty-free e-commerce parcels unclear
With the issue absent from Monday's announcement, trade experts say the future of the policy was now unclear
Japan considers U.S. corn imports amid trade talks on auto tariffs
PM Ishiba reiterates that Japan does not sacrifice its agriculture for auto tariff cuts and suggests using U.S. corn for ethanol fuel
China hosts CELAC summit to strengthen ties with Latin American, Caribbean States
China’s broader global strategy includes rallying trade partners to resist what it calls “unilateral tariff abuse” by the United States
OpenAI, Microsoft renegotiate partnership as IPO plans emerge
Microsoft is open to reducing its stake in exchange for access to future AI models beyond a 2030 deadline set in previous agreements
India reopens 32 airports following ceasefire with Pakistan
Key airports now back in operation include Srinagar, Amritsar, Chandigarh, and Leh, along with several regional and military-run airports
US and China reach deal to slash trade tariffs
Two sides agreed on a 90 day pause on measures and tariffs will come down by over 100 percentage points to 10%, says U.S. Treasury Secretary
Trump announces plan for 59% reduction in drug prices
U.S. currently pays the highest prices for prescription drugs, often significantly higher than other developed nations
China’s factory-gate prices post sharpest drop in six months as deflation risks linger
April data shows continued consumer price weakness as policymakers weigh new stimulus amid U.S. trade tensions
Google pays $1.375 billion to Texas in major privacy settlement
Tech giant resolves lawsuits over unauthorized data tracking and biometric collection without admitting wrongdoing