ASIA

Apple says it will make some of its iPhone 14 in India Business and Economy News

Apple has asked manufacturers to shift production from China amid geopolitical tensions and pandemic restrictions. Apple Inc will make some of its iPhone 14s in India, the company has said, as manufacturers shift production from China amid geopolitical tensions and pandemic restrictions that have disrupted supply chains for many industries. “The new iPhone 14 lineup …

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Qatar Investment Authority launches new market making initiative

An electronic board displaying data is seen at the Doha Stock Exchange in Doha, Qatar January 6, 2021. REUTERS/Ibraheem Al Omari/File Photo Register now for FREE unlimited access to Reuters.com register DUBAI, Sept 27 (Reuters) – The Qatar Investment Authority (QIA) tweeted on Tuesday that it launched a new market making initiative to boost liquidity …

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Saudi NEOM’s tech unit rebrands, invests $1 bln in 2022 -CEO

Saudi Crown Prince Mohammed Bin Salman announces a zero-carbon city called “The Line” to be built at NEOM in northwestern Saudi Arabia, January 10, 2021. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS/File Photo Register now for FREE unlimited access to Reuters.com Register RIYADH, Sept 27 (Reuters) – NEOM Tech & Digital, a subsidiary of …

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Rampant dollar pauses for breath as bears stalk stocks

Register now for FREE unlimited access to Reuters.com Register: HONG KONG, Sept 27 (Reuters) – Asian markets attempted to stabilize on Tuesday after a wild few days during which most assets, barring the dollar, fell, with the greenback easing a bit and stocks flat. Sterling, which collapsed to a record low $1.0327 on Monday, recovered …

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Optus under further fire for cyber breach, purported hacker claims data deleted

A woman uses her mobile phone as she walks past in front of an Optus shop in Sydney, Australia, February 8, 2018. REUTERS/Daniel Munoz Register now for FREE unlimited access to Reuters.com Register SYDNEY, Sept 27 (Reuters) – Australian telecoms giant Optus came under more fire from the government on Tuesday for a massive cyber …

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Samsung to lure 175 million existing India customers with cashback card

Register now for FREE unlimited access to Reuters.com Register NEW DELHI, Sept 26 (Reuters) – Samsung Electronics (005930.KS) is targeting repeat purchases from its 175 million customers in India through a new cashback credit card, a senior executive said, a move to boost sales in the critical market where it was once the top smartphone …

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McDonald’s hikes prices in Japan on higher input costs, weaker yen

Customers are seen through the windows of a McDonald’s store (top) in Tokyo, while others stand in line in front of cash registers, July 22, 2014. REUTERS/Yuya Shino Register now for FREE unlimited access to Reuters.com Register TOKYO, Sept 26 (Reuters) – Japan’s McDonald’s fast food restaurants will raise prices on about 60% of its …

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Japan won’t respond to defend 145 yen line-in-the-sand, ex-top foreign-exchange diplomat says

Banknotes of Japanese yen are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com register TOKYO, Sept 26 (Reuters) – Japan likely won’t intervene in the currency market to defend line-in-the-sand such as 145 yen versus the dollar, and instead limit any further action to …

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