live Trump says U.S.-Iran talks could resume ‘at some point’
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most s...
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.
The collective-defence agreement between Türkiye, Saudi Arabia and Pakistan signals that regional powers no longer want to rely solely on external security guarantees. Whether it becomes a stabilising deterrent or another axis of rivalry remains unresolved.
U.S. President Donald Trump says Washington is not seeking an extension of its memorandum of understanding with Iran, claiming the U.S. already controls the Strait of Hormuz through its naval blockade.
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most shipowners away. Six commodity vessels crossed the strait on Tuesday, down from nine the day before and below the 10-day daily average of 11.
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade and sanctions and releasing Iran’s frozen assets.
Ukraine has targeted at least 20 Wildberries warehouses across Russia since 18 July, disrupting a major logistics network. Kyiv says the strikes aim to disrupt alleged military-linked supplies, while the attacks have caused billions of dollars in losses and wider economic pressure.
Once associated mainly with Muslim-majority countries, Islamic finance has become a global industry. Its assets reached around $5.98 trillion in 2025, according to ICD–LSEG, as more countries explore Shariah-compliant finance.
Azerbaijan exported goods worth $17.372 million to Armenia between January and July 2026, according to data from the State Customs Committee, as commercial ties between the two South Caucasus neighbours showed signs of expansion.
Online fast-fashion platform Shein lost a London copyright lawsuit against rival Temu on Thursday over photographs used to promote some products.
Norway’s $2.3 trillion sovereign wealth fund has revealed a 0.05 per cent stake in SpaceX worth $1.22 billion, marking its first reported holding in Elon Musk’s space company.
U.S. data analytics firm Palantir Technologies has reported a 93 per cent year-on-year jump in second-quarter revenue, even as the company faces continued criticism over its work with Israel's military and allegations linking its technology to the war in Gaza.a.
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