EU to upgrade electricity grid and launch ‘energy highways’ initiative
The European Union will strengthen its power grid and launch a new initiative targeting eight key energy bottlenecks across the bloc, according to the...
Apple has airlifted 1.5 million iPhones from India to the U.S. to avoid Trump’s steep China tariffs, using chartered flights and fast-tracked customs clearance in Chennai as it boosts Indian production and shifts its global supply chain.
Apple has reportedly airlifted around 600 tonnes of iPhones, roughly 1.5 million devices from India to the United States in a strategic move to bypass mounting tariffs imposed by U.S. President Donald Trump.
According to sources, the tech giant chartered six cargo flights from Chennai, India, after scaling up production at its Foxconn facility. The operation was designed to beat the 125% tariff on Chinese imports, which threatens to significantly inflate the cost of iPhones in the U.S. The same device imported from India is currently subject to a 26% tariff, substantially lower and now temporarily paused.
To facilitate the urgent shipments, Apple lobbied Indian authorities to streamline customs clearance in Chennai, reducing processing time from 30 to just 6 hours via a specially created “green corridor.” The company also ramped up production by extending plant operations to Sundays.
India now accounts for around 20% of Apple’s U.S. bound iPhone exports, signalling a shift in its supply chain diversification away from China. With Foxconn and Tata expanding production capabilities in India, Apple’s long-term strategy to counter tariff pressures while maintaining competitive pricing is taking shape. Apple and Indian officials have not yet commented on the reports.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
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Google said on Tuesday it would make £5 billion pounds ($6.80 billion) in new investments into Britain ahead of U.S. President Donald Trump's state visit to the country, which is expected to feature a flurry of business deals and partnerships.
The founding family of Italiana Petroli is close to finalising the sale of the oil refiner to the State Oil Company of Azerbaijan (SOCAR), in a deal that would give the Azerbaijani group control of one of Italy’s largest petrol station networks, three sources have said.
India's retail inflation (INCPIY=ECI) rose to 2.07% in August as food prices edged up, although it remained within the central bank's tolerance range for the tenth consecutive month.
Jaguar Land Rover (JLR) said Wednesday that it now believes “some data has been affected” after a cyberattack forced the company to shut down operations last Tuesday. Staff have been instructed to work from home since the incident.
Oracle co-founder Larry Ellison has overtaken Tesla Chief Elon Musk as the world’s richest person after a surge in the company’s stock lifted his net worth to $393 billion, according to the Bloomberg Billionaires Index.
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