Trump launches mobile phone service and $499 smartphone
The Trump Organization has announced a new mobile phone service and smartphone under the brand Trump Mobil', both set to launch in September. The plan, called The 47 Plan, will cost $47.45 per month and offer unlimited talk, text, and data. It will also include additional benefits such as roadside assistance and telehealth services. The company, owned by former U.S. President Donald Trump, will also release a $499 smartphone named T1.
The phone features a gold-colored metal body etched with the American flag. According to the Trump Mobile website, the T1 runs on Android 15 and includes a 6.8-inch AMOLED screen with a 16-megapixel front camera. Other specifications include 12 GB of RAM, 256 GB of internal storage, and a 50-megapixel main camera. A screenshot on the website displays Trump's well-known slogan, "Make America Great Again." The venture is the latest in a series of Trump-branded products—including sneakers, watches, and Bibles—launched during his political career. While the Trump name is used for branding, the products and services are developed and sold by third parties through licensing agreements.
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Indian Express
an hour ago
- Indian Express
As US eyes its airspace, Pakistan confirms: Trump, Munir had discussion on Iran
As anticipated by Delhi, US President Donald Trump and Pakistan Army chief Field Marshal Asim Munir had a 'detailed exchange of views' on the ongoing Israel-Iran conflict when they met over lunch at the White House. In a statement Thursday, the Pakistan Army said, 'A detailed exchange of views also took place on the prevailing tensions between Iran and Israel, with both leaders emphasising the importance of resolution of the conflict.' Asked if Iran was discussed with Munir, Trump said: 'Well, they know Iran very well, better than most, and they are not happy about anything.' 'It's not that they are bad with Israel. They know them both, actually, but they probably, maybe they know Iran better, but they see what's going on, and he agreed with me,' he said. In Islamabad, the Pakistan Army said the US President showed 'keen interest' in developing a mutually beneficial trade relationship with Pakistan on the basis of long-term strategic interests. According to Delhi's assessment, the US is enlisting Rawalpindi's support since it would want to use Pakistan's airspace, air bases and other infrastructure for launching any military offensive on Iran. This was the key focus of Trump's lunch with Munir which, according to sources, lasted for about two hours, and not one hour as scheduled. According to news agency Reuters, White House spokesperson Anna Kelly said Trump was hosting Munir after he called for the US President to be nominated for the Nobel Peace Prize for preventing a nuclear war between India and Pakistan. But sources indicated that the meeting was not arranged through routine diplomatic channels, and was the outcome of 'unorthodox efforts' by a group of advisers, businessmen and other influential figures. Sources said stronger counter-terrorism cooperation, engagement with crypto-linked influence networks, and targeted lobbying via Republican-aligned firms in Washington helped Pakistan secure the meeting. A source, who has been tracking the US-Pakistan relationship over decades, said, 'It is not rare but absolutely unprecedented for a military chief to be invited by a POTUS (President of the United States) for a meeting, let alone a meeting over a meal. All Pakistan military chiefs who visited the US and other capitals did so as Presidents.' In the past, US President George W Bush met Pakistan President General Pervez Musharraf in 2004. Munir's US visit began last Sunday and was his second since he took over as military chief in 2022. Trump was effusive about both Munir and Prime Minister Narendra Modi. He said he was 'honoured' to meet Munir and that they discussed the situation arising out of the Iran-Israel conflict. 'The reason I had him here, I want to thank him for not going into the war, ending the war (with India). And I want to thank, as you know, Prime Minister Modi,' he said. 'We are working on a trade deal with India. We are working on a trade deal with Pakistan.' Trump also recalled his meeting with Modi at the White House in February. He said he was 'happy' that 'two very smart people decided not to keep going with that war'. 'That could have been a nuclear war. Those are two nuclear powers, big ones, big, big nuclear powers, and they decided (to end the conflict),' he said. The US President was accompanied at the meeting by Secretary of State Marco Rubio and US Special Representative for the Middle East Steve Witkoff. Munir was joined by Pakistan National Security Advisor Lt Gen Asim Malik, who is also head of the spy agency ISI. Earlier, in his phone conversation with Trump, Modi had told the President that India and Pakistan halted their military actions following direct talks between the two militaries without any mediation by the US. The Pakistan Army, in its statement on the Trump-Munir meeting, said, the 'Chief of Army Staff conveyed the deep appreciation of the government and people of Pakistan for President Trump's constructive and result-oriented role in facilitating a ceasefire between Pakistan and India in the recent regional crisis. The COAS acknowledged President Trump's statesmanship and his ability to comprehend and address the multifaceted challenges faced by the global community.' 'President Trump, in turn, lauded Pakistan's ongoing efforts for regional peace and stability, and appreciated the robust counter-terrorism cooperation between the two states. Both sides reaffirmed their commitment to continued collaboration in the field of counter-terrorism,' it said. 'Discussions also encompassed avenues for expanding bilateral cooperation in multiple domains including trade, economic development, mines and minerals, artificial intelligence, energy, cryptocurrency, and emerging technologies. President Trump expressed keen interest in forging a mutually beneficial trade partnership with Pakistan based on long-term strategic convergence and shared interests,' it said. 'In a gesture reflecting the warmth of bilateral ties, Field Marshal Syed Asim Munir extended an invitation to President Trump, on behalf of the Government of Pakistan, to undertake an official visit to Pakistan at a mutually convenient date'
Economic Times
2 hours ago
- Economic Times
Gentari plans to offload up to 50% stake in India arm
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Gentari, the renewable energy arm of Malaysian national oil & gas company Petronas, is seeking to sell up to a 50% stake in its India unit in what could potentially become one of the largest green energy deals in the country, said people with direct knowledge of the has appointed Standard Chartered Bank as its transaction India has a substantial portfolio comprising 4 GW of operational assets, 4 GW under construction, and an additional 4 GW in the pipeline, according to information shared by the transaction advisor with potential context, last December, JSW Energy agreed to acquire O2 Power's 4.7 GW portfolio, including 1.5 GW under construction and 1 GW of pipeline projects, at an enterprise value of $1.5 Chartered Bank has approached multiple potential buyers, including NTPC Green Energy , for the proposed stake sale, people said, adding that the discussions are at a very preliminary global CEO Sushil Purohit is likely to visit India in the coming weeks to meet potential investors and accelerate the stake sale talks, the people said. Interested parties will be required to sign non-disclosure pacts to access Gentari's books as part of the due diligence would prefer to sell a minority stake in the India unit but is open to the idea of sharing control with a potential investor, people and Standard Chartered did not respond to ET's requests for comment. "There is no development or proposal underway regarding the stake asked in the query," NTPC Green familiar with Gentari's discussions said valuations for green energy assets have waned since last year, as global enthusiasm for renewables has cooled and fossil fuel companies are under less pressure to told ET in February that Gentari's projects in India were developing well and that funding was not "a big challenge at this point in time."He said Gentari had the "full support" of parent the return of pro-fossil fuel US President Donald Trump earlier this year, green energy has been losing the strong support it once enjoyed globally. Several oil and gas producers who ventured into renewables are now scaling back their ambitions, while buyers previously willing to pay a premium for green assets have turned supermajors Shell and BP have weakened their green goals and are refocusing on expanding their core oil and gas businesses in pursuit of higher operates across multiple countries in the Asia-Pacific region, with an ambition to install 30-40 GW of renewable energy capacity, capture over 10% market share in public charging points and vehicle-as-a-service segments in key markets, and become a major supplier of clean hydrogen. In India, Gentari has both utility-scale and distributed green energy projects. The company has also been expanding its EV charging network in partnership with local automakers and other stakeholders.
Hindustan Times
2 hours ago
- Hindustan Times
NBA-Breaking down the Buss family's sale of LA Lakers at $10-billion valuation
June 19 - The Buss family, architects of 11 NBA championships, is poised to relinquish their four-decade reign over the LA Lakers, with ESPN reporting they are entering an agreement to sell a majority stake in basketball's most glamorous franchise. The following is the breakdown of the deal: WHAT IS AT STAKE? Lakers minority owner Mark Walter is set to take majority ownership in a deal valuing the Lakers at about $10 billion, making it the most expensive U.S. sports team valuation in history. The deal will end family control of the Lakers. The Buss family will retain a minority share of just over 15% for a period of time after the deal, ESPN reported, bringing to a close its stewardship of a franchise that became synonymous with Hollywood allure and championship excellence. Reuters could not immediately ascertain what Walter's new stake in the team would be. He purchased a minority stake in the Lakers with Todd Boehly in 2021. The previous record for biggest sports deal was held by the Boston Celtics, who agreed in March to be sold for $6.1 billion. WHO ARE THE LAKERS? The Lakers are one of the most storied franchises in National Basketball Association history. The team was valued at $7.1 billion by Forbes last year, behind only the Golden State Warriors and New York Knicks in the NBA. They are the second-most successful NBA team with 17 championships. The Celtics have 18. Jerry Buss, who bought the Lakers for $67.5 million in 1979, transformed them into one of the most well-known franchises in professional sports. The team won five championships during the celebrated "Showtime" era of the 1980s. The Lakers have LeBron James, arguably the league's biggest star, on their roster. They also snapped up Slovenian Luka Doncic in a high-profile trade with the Dallas Mavericks in February. WHO IS MARK WALTER? Walter is a 65-year-old American billionaire businessman who is CEO and chairman of holding company TWG Global. He is also CEO of investment firm Guggenheim Partners. Walter, whose net worth is listed as $6.1 billion by Forbes, has owned the LA Dodgers baseball team since 2012. He is adding the Lakers to a sporting portfolio that includes stakes in the Cadillac Formula One team, the WNBA's Los Angeles Sparks and English Premier League soccer club Chelsea. WHO ARE THE BUSS FAMILY? Jerry Buss's 66% stake in the Lakers was passed on to his six children via a family trust after his death in 2013. Buss died at the age of 80 due to kidney failure. His daughter, Jeanie, took over as principal owner after his death and is set to continue as team governor, maintaining a family connection to the purple-and-gold empire her father built. WHICH ARE SOME OTHER NOTABLE SPORTS DEALS? The Celtics set the previous benchmark in NBA sale valuations after agreeing to a $6.1-billion sale to a group headed by private equity firm Symphony Technology Group co-founder William Chisholm in March. The NFL's Washington Commanders sold for $6.05 billion in July 2023, in a deal that, at the time, was the biggest for a North American sports franchise. Also in 2023, British billionaire Jim Ratcliffe finalised a deal to acquire a minority stake in Manchester United that valued the English soccer club at $6.3 billion. In 2022, former owner Roman Abramovich sold English soccer club Chelsea to a consortium led by Boehly that included Walter, for about $3.2 billion. WHEN IS THE LEAGUE EXPECTED TO PROVE AND FINALISE THE LAKERS SALE? Final approval of the sale could take several months. The Celtics' sale has yet to receive final approval from the NBA Board of Governors. The Board is scheduled to meet in July in Las Vegas, though that session is expected to focus primarily on potential league expansion plans.
