Apple’s iPhone, along with other foreign-branded smartphones, saw a sharp 21% decline in shipments in China this January. Economic shifts and rising competition from local brands are reshaping the market, putting pressure on international players like Apple.
Delhi International Airport Limited (DIAL) has sued the Indian government over the approval of commercial flights from Hindon Airbase, 30 km from the capital's airport. DIAL argues it violates aviation regulations and threatens financial viability, seeking to overturn the decision.
Reliance Jio will offer free IPL streaming to users recharging with ₹299 or more. The matches can be streamed on the new JioHotstar platform. The plan also includes a 50-day trial of Jio's broadband services, aiming to boost home internet dominance.
A drone crashed into a landed helicopter at a South Korean military airfield, sparking a fire but causing no casualties. The incident, at Yangju’s Army Aviation Battalion, is under investigation. Authorities are assessing damage and reviewing airspace security.
Kenya and the IMF have agreed to halt the ninth review of the $3.6B loan program and discuss a new lending arrangement. With rising debt costs and a 65.7% debt-to-GDP ratio, Kenya seeks fresh financial support to stabilize its economy and manage fiscal challenges.
Novartis is closely monitoring the U.S. reciprocal tariff policy, which may impose 25% tariffs on pharmaceuticals. The company plans to expand in Japan with radiopharmaceutical production by 2026 and recently acquired Mariana Oncology for $1B to strengthen its oncology portfolio.
Gold remains stable after hitting a record high, fueled by economic concerns and geopolitical tensions. Investors await Fed updates.
Vietnam and Singapore have agreed to enhance cooperation in subsea cables, finance, and energy, upgrading their relations to a "comprehensive strategic relationship." They aim to expand digital connectivity and meet the growing demand for data services, with Singapore investing heavily in Vietnam.
Inditex, parent company of Zara, reported a 4% sales growth in Q1 2025, down from 11% last year, amid concerns about weakening consumer demand. Despite this, the company plans a 9% dividend increase and €1.8 billion investment in growth, with expansion into new markets.
RBI seeks applications for a self-regulatory body for account aggregators. The SRO will oversee compliance, ensuring secure financial data-sharing. Eligible entities must apply by 15 June, with at least 25 members from financial providers and users.
Mukesh Ambani’s Reliance Jio has partnered with Elon Musk’s SpaceX to bring Starlink to India after months of rivalry. The deal, pending government approval, provides Starlink with a low-cost entry, tapping into India's booming satellite market while boosting Jio’s reach.
The US has upheld Iraq's waiver for Iranian gas imports but revoked its power import exemption. The decision poses challenges for Iraq's energy sector, which relies heavily on Iranian gas. The US urges Iraq to diversify energy sources and reduce dependence on Iran.
Spotify paid a record $10B in royalties in 2024, with 1,500+ artists earning over $1M. Despite growth, it faced legal challenges over songwriter payments, though a U.S. lawsuit was dismissed. Streaming's impact on artist revenue remains a key industry debate.
Mikel Arteta downplayed extra pressure on Arsenal ahead of their Champions League clash with PSV, despite struggles in the Premier League. After a 7-1 victory, Arteta emphasized the team's passion for the competition, acknowledging no added pressure to perform.
Greenland heads to elections with independence as a key issue amid Trump’s renewed interest in acquiring the island. Prime Minister Egede rejects US ownership, reaffirming Greenland’s sovereignty. Inuit Ataqatigiit leads the polls, with results expected on March 12.
Ukrainian and U.S. officials met in Jeddah to discuss a peace roadmap after Ukraine's largest drone attack on Moscow. Zelenskyy seeks to mend ties with the U.S., while Washington weighs Kyiv’s willingness to compromise. European allies urge caution in negotiations.
UN envoy Xia Huang met DR Congo’s President Tshisekedi to discuss Great Lakes peace ahead of a key UN meeting. Talks focused on de-escalation, Resolution 2773, and rebel violence. The UN aims to support stability as M23 rebels advance, worsening regional tensions.
The Syrian Defense Ministry has declared the end of its operation against loyalists of ousted President Bashar al-Assad. Over 1,000 people, mostly civilians, were killed during the fighting. Public services are resuming, and an investigation into the violence is underway.
BioNTech forecasts a revenue decline for 2025, expecting between 1.7 billion and 2.2 billion euros, down from 2.75 billion euros last year. This drop is due to Pfizer write-downs and stable vaccination rates. BioNTech also plans significant job cuts and new hires.
EU lawmakers raised concerns about the digital euro project after a major failure in the ECB’s payment system, Target 2, which caused delays in transactions. Critics question the ECB's ability to manage the project, with some demanding improved systems before moving forward.
US stock futures dropped amid growing concerns over the impact of the Trump administration’s tariffs. Major stocks like Nvidia, Meta, Amazon, and Tesla saw losses. China’s retaliatory tariffs and rising recession fears added to market uncertainty. Bitcoin also fell 4%.
Social media platform X is facing a major outage, affecting thousands in the UK and US. Downdetector reports over 21,000 issues in the US and 10,800 in the UK. X has not yet responded, leaving users frustrated. The cause remains unclear, and service is still down.
Australia has activated income support for workers affected by ex-Tropical Cyclone Alfred, which caused severe flooding, power outages, and damage. Workers whose income drops below the average weekly wage can receive up to 13 weeks of financial assistance.
Traton forecasts slow growth for 2025 due to weak European demand and a decline in electric vehicle sales. The company expects a sales change of -5% to +5% and focuses on improving efficiency amid global economic uncertainty and geopolitical challenges.
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