logo
Putin Aide HUMILIATES Ukraine After Turkey Talks

Putin Aide HUMILIATES Ukraine After Turkey Talks

Time of India17-05-2025

iPhones in United States Could Cost $3000 if Apple Quits Building in India: Experts
US President Donald Trump's push for US-made iPhones could triple the price of the smartphone. According to analysts, if Apple decides to stop building in India and move to US for production, the price of an iPhone could soon potentially reach $3000. Trump recently criticised Apple and its CEO Tim Cook for expanding its production in India and ignoring its home base in US. Trump's remark comes at a time when India and US are in process to finalise a trade deal. US has offered a 90-day pause on increased tariff which will expire on July 9.#apple #appleiphone #iphone #donaldtrump #timcook #india #appleindia #appleinindia #appleinus #iphoneprice #iphonepriceinus #indiaustrade #toibharat
3.5K views | 19 hours ago

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

After announcing layoff plans, Intel may be asking this top strategy executive to exit
After announcing layoff plans, Intel may be asking this top strategy executive to exit

Time of India

time33 minutes ago

  • Time of India

After announcing layoff plans, Intel may be asking this top strategy executive to exit

Intel's top strategy executive, Safroadu Yeboah-Amankwah , is reportedly departing the company. This marks the latest leadership change since Lip-Bu Tan assumed leadership of the US-based chipmaker in March. This exit follows Intel's recent announcement of layoff plans. According to a report by the news agency Reuters, Yeboah-Amankwah, who has served as Intel's chief strategy officer since 2020, will leave on June 30. The publication cited two individuals familiar with the matter who spoke anonymously to report this development. His responsibilities included overseeing growth initiatives, strategic partnerships, and equity investments for Intel. 'We are grateful for Saf's contributions to Intel and wish him the best,' the company said in a statement to Reuters. As per the Reuters report, some of Yeboah-Amankwah's strategic functions will now be handled by Sachin Katti, who was recently promoted to chief technology and AI officer at Intel. Moreover, Intel Capital, the company's venture arm, will now report directly to Lip-Bu Tan, two sources have confirmed to Reuters on the matter. Intel layoffs to start in the coming weeks Last week, Intel reportedly announced the dates for upcoming job cuts, confirming that layoffs would begin on July 15. According to a report by CRN, the company is starting the layoffs with 107 workers connected to its headquarters in Santa Clara, California. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo The move was part of a broader cost-cutting and restructuring initiative introduced by CEO Lip-Bu Tan in April this year to help improve the company's performance. As per the report, Intel filed a notice under California's Worker Adjustment and Retraining Notification (WARN) Act. The company stated in the filing that affected employees would either receive a 60-day notice or a four-week notice accompanied by nine weeks of pay and benefits. In a statement to the publication, an Intel spokesperson said: 'As we announced earlier this year, we are taking steps to become a leaner, faster and more efficient company. Removing organisational complexity and empowering our engineers will enable us to better serve the needs of our customers and strengthen our execution.'

Asian markets show optimism: Stocks steady as US-Canada trade talks progress; eye on US jobs data due this week
Asian markets show optimism: Stocks steady as US-Canada trade talks progress; eye on US jobs data due this week

Time of India

time33 minutes ago

  • Time of India

Asian markets show optimism: Stocks steady as US-Canada trade talks progress; eye on US jobs data due this week

AI-generated image Asian equity markets showed strength on Monday, buoyed by optimism over US-Canada trade negotiations and sustained demand in the global technology sector. However, gains were tempered by concerns around upcoming US employment data, which weighed on the dollar. Japan's Nikkei led the region with a 1.6 per cent gain, supported by strong performances in tech and export-oriented stocks. South Korea's benchmark index also rose 0.8 per cent, following a positive lead from Wall Street. Chinese markets were mixed. The blue-chip CSI300 index edged up 0.2 per cent, helped by improved June data in manufacturing and services, while broader Asian sentiment remained cautious. The MSCI Asia-Pacific ex-Japan index dipped 0.2 per cent. The market gains came amid encouraging signals from North America, where Canada on Sunday agreed to drop its proposed digital services tax in a bid to move forward trade negotiations with the US. Talks, originally slated to wrap up by July 9 under President Donald Trump 's directive, have now been extended to July 21, with a potential finalisation by Labor Day (September 1). This is a significant turning point as Trump had announced suspension of trade talkswith Canada just days ago. Read more: US-Canada trade talks resume as PM Carney revokes tax on US tech firms Tech stocks continued to drive momentum globally, with Nasdaq futures up 0.4 per cent and S&P 500 e-minis rising 0.3 per cent. Heavyweights such as Nvidia, Alphabet, and Amazon remained in focus. Still, investor attention remains fixed on key US macroeconomic data and fiscal policy developments. A Senate vote on major tax and spending legislation remains uncertain ahead of Trump's July 4 deadline. The Congressional Budget Office's projection of a $3.3 trillion increase in national debt is also dampening global appetite for US Treasuries. The US jobs report- due early this week due to Friday's holiday- forecasts 110,000 new jobs in June, with unemployment possibly ticking up to 4.3 per cent. A weaker labour market could increase expectations of Federal Reserve rate cuts later this year, currently pricing in a cumulative 63 basis points reduction. The dollar slipped to 97.146 on the dollar index, with the euro climbing to $1.1727, its highest since September 2021. Sterling also hovered near multi-year highs at $1.3722. James Reilly of Capital Economics noted the greenback's recent slide marked its sharpest sustained decline since the move to free-floating exchange rates in 1973. Meanwhile, gold traded at $3,279 an ounce- below its April peak- and oil prices continued to drop, with Brent crude at $67.50 and US crude at $65.09 amid ongoing concerns over OPEC+ supply levels. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

US-Canada trade talks resume: PM Carney revokes tax on US tech firms; Trump had called off talks over 'digital tax'
US-Canada trade talks resume: PM Carney revokes tax on US tech firms; Trump had called off talks over 'digital tax'

Time of India

time37 minutes ago

  • Time of India

US-Canada trade talks resume: PM Carney revokes tax on US tech firms; Trump had called off talks over 'digital tax'

Canadian Prime Minister Mark Carney on Monday said trade talks with the United States have resumed after his government "rescinded its plan to tax American technology firms". The move by Ottawa comes after US President on Friday suspended trade talks with the neighbouring nation over its plans to continue with its tax on US tech firms, which he called "a direct and blatant attack on our country". Tired of too many ads? go ad free now Canadian finance minister Francois-Philippe Champagne said his government anticipated "a mutually beneficial comprehensive" trade arrangement with Washington. "...Canada would rescind the Digital Services Tax (DST) in anticipation of a mutually beneficial comprehensive trade arrangement with the United States," a government statement said, according to news agency AP. It added that Trump and Canadian PM Carney "have agreed that parties will resume negotiations with a view towards agreeing on a deal by July 21, 2025." Trump, in a post on his social media network last Friday, said Canada had just informed the US that it was sticking to its plan to impose the digital services tax, which applies to Canadian and foreign businesses that engage with online users in Canada. The tax was set to go into effect today. On Friday, Trump came down hard on Canada over its to decision to impose a Digital Services Tax (DST) on American technology companies, calling it a "direct and blatant attack" on the United States. In a post on his social media platform Truth Social, Trump announced the immediate suspension of all trade discussions with Canada the same day. In a sharply worded statement, Trump declared that the US would soon impose tariffs on Canadian goods. 'We will let Canada know the tariff that they will be paying to do business with the United States of America within the next seven-day period,' the post warned. Canada's digital services tax, first proposed years ago, is aimed at ensuring that large multinational tech firms, many of which are US based, pay taxes on revenues generated from Canadian users. The policy has drawn criticism from US lawmakers and trade officials who argue it disproportionately targets American companies like Google, Amazon, and Meta.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store