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‘American jobs come first’: Trump throws cold water over Apple’s Make in India plans

Economic Times

Economic Times · 3m ago

‘American jobs come first’: Trump throws cold water over Apple’s Make in India plans

President Donald Trump warned of a 25% tariff on iPhones manufactured abroad, threatening Apple’s plans to expand production in India. Trump stressed that iPhones sold in the U.S. should be built domestically, citing job preservation. The tariff threat, also directed at other smartphone makers like Samsung and Huawei, could take effect by June 2025. Shifting production to the U.S. would significantly raise costs, possibly impacting iPhone prices and demand.

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Days of building China factories, hiring workers in India are over: US President Donald Trump - The Economic Times

Economic Times

Economic Times · 1m ago

Days of building China factories, hiring workers in India are over: US President Donald Trump - The Economic Times

US President Donald Trump criticized American companies for outsourcing jobs to India and manufacturing in China, emphasizing an "America-first" approach. This aligns with the recent US AI Action Plan aimed at maintaining technological dominance and implementing export controls. While the plan suggests India could become a key US partner, there are concerns about global supply chain disruptions. The emphasis on domestic production challenges India's role, urging it to boost its own capacities and navigate strategic international alignments cautiously.

Watch: The TikTok ban, or at least the effort to force its sale, is gaining steam

TechCrunch · 1y ago

Watch: The TikTok ban, or at least the effort to force its sale, is gaining steam

A House subcommittee has passed a bill that could lead to a sale of TikTok or a ban on the app in American app stores. Former President Donald Trump has now come out in support of TikTok, while Elon Musk opposes the ban. Congress appears largely in agreement, citing concerns over data safety and potential political interference. The question remains: should TikTok be divested to resolve these issues?

"Something needs to change": Elon Musk questions X's ban in China after TikTok ban reversal

Economic Times

Economic Times · 7m ago

"Something needs to change": Elon Musk questions X's ban in China after TikTok ban reversal

Tesla CEO Elon Musk praised President-elect Trump’s decision not to ban TikTok, citing freedom of speech. He noted the imbalance that TikTok operates in the US while X is banned in China, calling for change. Despite a potential benefit to X, Musk opposed TikTok's US ban. Trump agreed to approve TikTok if the US owns 50% to save American jobs. The Chinese app thanked Trump for restoring US access, attributing positive outcomes to the "Trump Effect."

Eric Trump-backed American Bitcoin to go public through all-stock merger

Economic Times

Economic Times · 3m ago

Eric Trump-backed American Bitcoin to go public through all-stock merger

American Bitcoin, backed by Eric and Donald Trump Jr., plans to list on Nasdaq via a merger with Gryphon Digital Mining. The deal allows current shareholders, including the Trump brothers and Hut 8, to retain 98% ownership. The Trump family is actively pursuing crypto ventures, facing ethical criticisms. Gryphon and Hut 8 shares surged following the announcement. American Bitcoin aims to be a leading Bitcoin accumulation platform, promoting US crypto leadership with a lighter regulatory approach.

Trump-Backed American Bitcoin Adds $23 Million in BTC, Plans Nasdaq Listing After Gryphon Merger | DeepNewz VC

deepnewz

deepnewz · 2m ago

Trump-Backed American Bitcoin Adds $23 Million in BTC, Plans Nasdaq Listing After Gryphon Merger | DeepNewz VC

American Bitcoin Corp, backed by Eric and Donald Trump Jr., has acquired 215 BTC, valued at over $23 million, since its launch on April 1. The company is merging with Gryphon Digital Mining and plans to go public under the ticker $ABTC by the third quarter of 2025.

Amazon to spend $4 billion on cloud infrastructure in Chile

Economic Times

Economic Times · 3m ago

Amazon to spend $4 billion on cloud infrastructure in Chile

Amazon plans a $4 billion investment to establish its first cloud data centers in Chile, intending to launch by the second half of 2026. This will be Amazon Web Services' third Latin American hub, following Brazil and Mexico. AWS aims to address environmental concerns by using water cooling technology sparingly, focusing on renewable energy. The investment underscores Amazon’s commitment to cloud services expansion amidst a projected Chilean market growth to $1.9 billion by 2025.

Adani plans $9 bn capex to kickstart green hydrogen biz

Livemint

Livemint · 1y ago

Adani plans $9 bn capex to kickstart green hydrogen biz

Indian conglomerate Adani Group is planning to invest $9bn to build manufacturing and transportation infrastructure for its green hydrogen venture. The company aims to achieve a capacity of 1 million tonnes per annum of green hydrogen in the first phase, which will be produced by breaking down water using renewable power. Adani plans to hire specialized ships to export the hydrogen to Europe and Asia. The first phase will be based on alkaline electrolyzers, but Adani also plans to manufacture electrolyzers based on anion exchange membrane in the future. The project is expected to create 7,500-10,000 new jobs and plays a critical role in the company's future plans.

Donald Trump family Bitcoin company announces plan to go public

Economic Times

Economic Times · 3m ago

Donald Trump family Bitcoin company announces plan to go public

American Bitcoin, co-founded by Eric Trump, plans to go public through a merger with Gryphon Digital Mining Inc. The company focuses on bitcoin mining, expanding the Trump family's involvement in the crypto industry. This move allows traders to invest in a Trump family entity. The firm's connection to the Trumps, highlighted by Eric Trump's role, raises ethical concerns. The family also launched other crypto ventures, with Eric Trump playing a key branding role.

Meesho enables 8.5 lakh job opportunities this festive season

YourStory

YourStory · 11m ago

Meesho enables 8.5 lakh job opportunities this festive season

Meesho, an affordable marketplace, has created 8.5 lakh seasonal job opportunities this festive season, a 70% increase from the previous year. Over 60% of the jobs were in Tier III and IV regions. Meesho's sellers have hired 5 lakh seasonal workers, while partnerships with logistics providers have generated an additional 3.5 lakh jobs. The company aims to make ecommerce accessible and inclusive, introducing value-added services and emphasizing women's participation. Flipkart, another ecommerce platform, plans to create over 1 lakh jobs ahead of its Big Billion Days sale.

First Trump-branded office project in India eyes $289 mn in sales

VCCircle

VCCircle · 5m ago

First Trump-branded office project in India eyes $289 mn in sales

Tribeca Developers, the Trump Organisation's partner in India, launched the first Trump-branded commercial real estate project, "Trump World Center," in Pune, targeting over $289 million in sales. India is now the Trump brand's largest real estate market outside the US. The project, in collaboration with Kundan Spaces, is expected to complete in four years. Tribeca plans to launch additional Trump-branded residential projects in northern and southern India soon, forecasting a combined sales potential of $1.15 billion.

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