logo
Why the US Dollar Slumped to a 50-year-low  Vantage with Palki Sharma

Why the US Dollar Slumped to a 50-year-low Vantage with Palki Sharma

First Posta day ago
Why the US Dollar Slumped to a 50-year-low | Vantage with Palki Sharma | N18G
Why the US Dollar Slumped to a 50-year-low | Vantage with Palki Sharma | N18G
As US President Donald Trump and billionaire Elon Musk spar in public - the state of the US economy is fuelling concerns. Amid volatile remarks, economic policy reversals, and investor concerns, the US dollar has lost over 10% in value—its worst performance since 1973. Global confidence in American debt and currency appears to be waning, with rising interest costs and a downgraded credit rating intensifying the pressure.
See More
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

White House advisor criticises Apple CEO Tim Cook for company's ‘pace' in moving iPhone production out of China: 'It's the longest running soap opera in…'
White House advisor criticises Apple CEO Tim Cook for company's ‘pace' in moving iPhone production out of China: 'It's the longest running soap opera in…'

Time of India

time37 minutes ago

  • Time of India

White House advisor criticises Apple CEO Tim Cook for company's ‘pace' in moving iPhone production out of China: 'It's the longest running soap opera in…'

White House trade advisor Peter Navarro has criticised Apple CEO Tim Cook , stating that the company is not shifting production out of China quickly enough despite pressure from the Trump administration. This follows recent demands from U.S. President Donald Trump for Apple to relocate iPhone production from overseas to the US. Apple's flagship iPhone is primarily manufactured in China, but the company has been increasing production in India, partly to mitigate the higher costs associated with the tariffs imposed by the Trump administration. In May, Trump had warned that iPhones made outside the U.S. could face a tariff of 25% or more. What White House advisor said about Apple moving iPhone production away from China In an interview on CNBC's 'Squawk on the Street', Navarro said: 'Going back to the first Trump term, Tim Cook has continually asked for more time in order to move his factories out of China. I mean, it's the longest-running soap opera in Silicon Valley. With all these new advanced manufacturing techniques and the way things are moving with AI and things like that, it's inconceivable to me that Tim Cook could not produce his iPhones elsewhere around the world and in this country.' Recently, Trump also reportedly told Cook, "I don't want you building in India." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Providers are furious: Internet access without a subscription! Techno Mag Learn More Undo Meanwhile, analysts and supply chain experts have suggested a complete relocation of iPhone production to the US. would be impractical, with some estimates indicating a US-made iPhone could cost up to $3,500. Currently, Apple manufactures only a limited number of its products in the US. During Trump's first term, the company expanded its efforts to assemble the $3,000 Mac Pro in Texas. In February, Apple announced plans to invest $500 billion in the US, which includes assembling certain AI servers domestically. OPPO Find X8 Ultra Review: Camera Powerhouse with Next-Gen Imaging! AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Bharti Airtel founder Sunil Mittal plans BIG move, aims to purchase stake in..., THIS Chinese company will now be...
Bharti Airtel founder Sunil Mittal plans BIG move, aims to purchase stake in..., THIS Chinese company will now be...

India.com

time43 minutes ago

  • India.com

Bharti Airtel founder Sunil Mittal plans BIG move, aims to purchase stake in..., THIS Chinese company will now be...

Sunil Mittal- File image Bharti Airtel founder Sunil Mittal plans BIG Move: In a significant update for the Indian market, Sunil Mittal, the founder of Bharti Airtel, and US-based private equity major Warburg Pincus have reportedly submitted a bid to acquire a 49 per cent stake in Haier India, a part of the Chinese multinational Haier Group. Readers must note that the deal reportedly comes at a sharply reduced valuation of Rs 6,000 crore ($720 million). Here are all the details you need to know about the exclusive negotiations between Haier Appliances India Pvt Ltd and the consortium led by Bharti Enterprises chairman Sunil Mittal and private equity firm Warburg Pincus. As per a report carried by the Business Standards, a consortium led by Bharti Enterprises chairman Sunil Mittal and private equity firm Warburg Pincus is in exclusive negotiations to acquire a 49% stake in Haier Appliances India Pvt Ltd. The report also says that the current plan includes equal ownership between Haier China and the Mittal-Warburg consortium. What is Haier Appliances expecting from India! In an update from few months back, Home appliances maker Haier declared that it is 'buoyant' about the fast-growing Indian market. The company's India President N Satish said that it is positive about its India growth where it aims to become the second largest player in the next five years, with increased investments in manufacturing and product portfolio expansion. Is Haier Appliances India part of Chinese group? Haier Appliances India, a part of the Chinese multinational Haier Group, is investing around Rs 800 crore on capacity expansion here this year, and has also lined up future expansion plans, he said. The company is also increasing indigenisation, which is a key 'thrust area' for the company, where it expects local souring to contribute up to 80 per cent across products in next two years. (With inputs from agencies)

Datanomics: Laying strong foundation Bric(s) by Bric(s) for global ties
Datanomics: Laying strong foundation Bric(s) by Bric(s) for global ties

Business Standard

timean hour ago

  • Business Standard

Datanomics: Laying strong foundation Bric(s) by Bric(s) for global ties

Today, Brics represents approximately 49.5 per cent of the global population and around 40 per cent of the world's GDP premium Shikha Chaturvedi New Delhi Listen to This Article The 2025 Brics Summit concluded on Monday in Rio de Janeiro, Brazil. The meeting took place against the backdrop of global trade tensions such as United States President Donald Trump's tariff policies, highlighting Brics ambition to strengthen internal economic ties and offer an alternative vision for global cooperation. Brics now has 11 nations after six additional members -- Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia, and the United Arab Emirates. Currently, Brics represents approximately 49.5 per cent of the global population and around 40 per cent of the world's gross domestic product (GDP). The intra-Brics trade was gradually growing during 2020-23

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