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Indian government wants Apple, but not all officials are biting

A salesperson waits for customers at an Apple reseller store in Mumbai, India, January 12, 2017. Picture taken January 12, 2017. REUTERS/Shailesh Andrade

Some Indian officials have baulked at Apple’s (AAPL.O) demands for concessions before it assembles iPhones there, raising doubts about a spring deadline to launch a key project in Prime Minister Narendra Modi’s campaign to lure foreign investors. The country is still keen for the U.S. tech giant to produce its signature smartphones there, and Information […]

China 2016 auto sales surge at fastest in three years

china eco

SHANGHAI (AFP) –  Auto sales in China, the world’s biggest car market, surged at their fastest in three years in 2016, an industry group showed Thursday, jumping nearly 14 percent after authorities slashed a purchase tax. The world’s second-largest economy is crucial to global auto manufacturers, but the market took a hit from slowing economic growth […]

China manufacturing accelerates at fastest for 4 years: survey

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    BEIJING (AFP) – China’s manufacturing activity expanded at its quickest pace in nearly four years in December, an independent research firm said on Tuesday, in a sign of improving health for the world’s second-largest economy. The private Caixin Purchasing Managers’ Index (PMI), an indicator of conditions at smaller manufacturers, beat expectations with a reading of […]

Apple to cut iPhone production in first quarter of 2017: report

The new iPhone 7 smartphone goes on sale inside an Apple Inc. store in Los Angeles, California, U.S., September 16, 2016. REUTERS/Lucy Nicholson/File Photo

Apple Inc (AAPL.O) will trim production of iPhones by about 10 percent in the January-March quarter of 2017, the Nikkei financial daily reported on Thursday, citing calculations based on data from suppliers. The company had slashed output by 30 percent in January-March this year due to accumulated inventory, the paper said. Apple’s shares were down […]

Australians lose billions of dollars on slot machines: report

bil

  MELBOURNE : (Xinhua)– Victorians have lost more than 38 billion U.S. dollars playing slot machines since their introduction to the state 24 years ago.The revelation, which came after an investigation in the Australian media, has prompted calls for the Victorian government to crack down on the electronic gambling machines — known locally as “pokies.” […]