India is now one of Apple’s top 5 iPhone markets for the first time
India contributed close to 4% of all iPhone sales for Apple in the second quarter, growing 50% year-on-year, according to Counterpoint Research.
EU’s competition chief Margrethe Vestager under fire for hiring a U.S. economist
Europe’s powerful competition chief is under fire for hiring an American citizen for one of her team’s top jobs.
British tycoon plans to launch an electric airline that will serve plant-based food
Ecojet flights in the U.K. will begin in 2024. Trips to mainland Europe will follow, and long-haul journeys are also in the works.
Ocado hits five-month high after return to profit, keeping guidance
Ocado shares surged on Tuesday after the British online supermarket and technology group kept its financial guidance for the year as it reported a return to underlying profit in its first half.
Chinese property developer Evergrande posts $81 billion loss over the past two years
China Evergrande Group posted a combined loss of $81 billion in its long overdue earnings report late on Monday.
China vows to ‘restore and expand’ consumption to boost growth
The announcements follow economic data on Monday that showed China’s second quarter growth underwhelmed market expectations.
China’s risk of deflation is ‘serious’ — one economist says it’s ‘time to act’
Some economists are flagging the prospect of deflation in Chin after the steepest decline in prices in June, along with underwhelming second quarter growth.
India’s Adani confident of governance and disclosure standards, chairman says
India’s Adani Group is confident of its governance and disclosure standards after a top court panel found no lapses at the conglomerate, its chairman said.
Kerry upholds U.S.-China ‘stability’ in symbolic Beijing visit
U.S. special envoy for climate John Kerry emphasized efforts to stabilize U.S.-China relations during his opening remarks at a meeting with Chinese Premier Li Qiang.
France and Britain are battling it out for Europe’s A.I. crown
Two countries are jockeying for position as Europe’s capital for artificial intelligence.
