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Business

China court orders ban on iPhone sale

The Chinese People’s Court has ordered immediate ban on iPhone sales in China. The verdict came after the US chip giant Qualcomm took Apple to court for violation of three patents. The court banned sales of all the previous iPhone models between the iPhone 6S and iPhone X. The recent iPhone models iPhone XR, iPhone XS and iPhone […]

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Business Insane

Forbes India’s Richest 100

Forbes released its annual edition of India’s richest people. India’s wealthy 100’s wealth rose by US$ 492 billion dollars the past year. Among the nation’s 100 richest, 11 saw their wealth jump by US$ 1 billion or more.Like always Reliance Industries Mukesh Ambani stood at the number one spot. He added US$ 9.3 billion to […]

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Business

Huawei CFO Arrest

China’s most successful tech giant Huawei was shaken up after its Chief Financial Officer (CFO) Meng Wanzhou was arrested in Canada for violating economic sanctions. Canada received the request for arrest from the United States Justice Department. US will request for Wanzhou to be extradited for violating economic sanctions on Iran, North Korea, Syria and […]

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Business Entertainment

Most paid youtuber is a 7 year old – Complete List

The Forbes magazine released its annual wealth list. This time around it included a special section for the booming Youtube industry. Here is the list of the most earning youtubers for the past year. 1 . Ryan Toy Reviews The 7 year old Ryan who reviews toys tops the charts with annual earning of US$ […]

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Business World

Putin’s wealthier than Bill Gates

Russian President Vladimir Putin might be the world’s wealthiest person on earth. Yes, he could be ahead of Microsoft’s Bill Gates and Amazon’s Jeff Bezos. The actual wealth of President Putin is not in public domain. Putin’s wealth is distributed across a secret web of company holdings, real estate, and other people’s accounts, so it’s […]

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Business

14 flights cancelled as pilots report sick

India’s leading carrier Jet Airways cancelled 14 flights on Sunday after pilots reported “sick”. The carrier is financially strained and has not been making salary payments to its employees since August. It defaulted salaries to its senior management, pilots and engineers. Fourteen flights were cancelled due to some pilots reporting sick, and many were protesting […]

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Business

Microsoft beats Apple as the most valuable company

Microsoft pipped Apple to become the most valuable company, this happened after 15 year interval. The software giant ended Friday with a market value of more than $851bn compared with Apple’s $847bn. The iPhone maker has seen its share price plunge in recent weeks, finally lost its lead. Apple’s shares have fallen almost 25% since […]

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Business

iPhones made in the US

President Donald Trump is considering a new round of tariffs specially for the iPhone’s. The proposed tax could be anywhere between 10% to 35%. Which means that the basic iPhone XS model in the United States could rise by US$350. Apple will eventually pass this additional bill to its consumer, making the iPhone even more […]

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Business

Amazon races ahead Flipkart in India

Amazon overtook Flipkart in India for the FY18. Barclays reported that Amazon’s Gross Merchandise Value (GMV) was US$7.5 billion compared to Flipkarts US$ 6.2 billion, for the calendar year ending 31st March 2018. Flipkarts data is inclusive of Myntra and Jabong. However in terms of revenue Flipkart is still leading Jeff Bezos’s Amazon. Flipkart’s revenue […]

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Business World

US-China Trade War

The United States and China are playing trade games as the world watches. The United States has a trade deficiency of over US$275 billion dollars with China. This instigated the Trump administration to impose fresh tariffs on its imports from China. Till March this year tariffs stood at 4.1% of the total goods against China. […]

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Business

Apple cuts down production of the newer iPhones

The iPhone maker Apple (inc) had cut down manufacturing of all the three iPhone models launched in September. Apple saw lower sales for the newer iPhone models iPhone XS, iPhone XS Max and iPhone XR, so Apple reached out to its 3rd party manufacturers to reduce production of iPhone components. A couple of weeks back […]

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Business

Volkswagen $50 Billion Investment

German automaker giant Volkswagen will spend $50 billion by 2023 on electric vehicles. The company also would improve cooperation with Ford. The VW board voted on expansion plans for electric vehicles and more investment. The focus comes after the diesel cheating scandal in 2015. VW violated and rigged emission levels 40 times above permissible limits […]