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Business

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Foxconn iPhone exports from India now mostly headed to the US
Apple sends 97% of India iPhone exports to US amid tariff risk

NEW DELHI, India: Amid mounting U.S.-China trade tensions, Apple has sharply increased iPhone shipments from India to the United States,...

US: China lags in AI chips, but catching up fast
Huawei can make 200,000 AI chips in 2025, US says

WASHINGTON, D.C.: The U.S. government estimates that Huawei will only be able to manufacture up to 200,000 advanced AI chips next year—well...

Chime soars in debut, giving fintech sector a much-needed boost
Chime IPO pops 59%, valuing digital bank at $18.4 billion

SAN FRANCISCO, California: After months of muted IPO activity in the fintech world, digital bank Chime Financial reignited investor...

Switch 2 breaks Nintendo record with 3.5M units sold in 4 days
Nintendo Switch 2 becomes fastest-selling console ever

TOKYO, Japan: Nintendo's latest console is off to a roaring start. The company says it has sold over 3.5 million units of the newly...

U.S.-China trade progress lifts oil prices to multi-week peak
Oil hits 7-week high on U.S.-China deal and easing inflation

LONDON, UK: Crude prices surged this week as investors welcomed fresh signs of progress in U.S.-China relations, lifting hopes of reduced...

Debt fears drive fund outflows from US, inflows to Europe
Investors shift billions from US stocks to Europe, Asia

NEW YORK CITY, New York: Investor confidence in U.S. markets is showing signs of strain as global funds redirect billions toward Europe...

Engineering

Section
2nd LD Writethru-Xinhua Headlines: China, Kazakhstan to boost ties for regional, global peace, development
2nd LD Writethru-Xinhua Headlines: China, Kazakhstan to boost ties for regional, global peace, development

ASTANA, June 16 (Xinhua) -- Chinese President Xi Jinping said on Monday that China stands ready to work with Kazakhstan to contribute...

Japan Aerospace Exploration Agency selects UAEU engineering student project for Asian Try Zero-G 2025
Japan Aerospace Exploration Agency selects UAEU engineering student project for Asian Try Zero-G 2025

AL AIN, 16th June, 2025 (WAM) - The Japan Aerospace Exploration Agency (JAXA) has selected a student team from the Mechanical Engineering...

C-DOT launches 'Samarth' program to foster startups; 18 startups selected in first cohort
C-DOT launches 'Samarth' program to foster startups; 18 startups selected in first cohort

New Delhi [India], June 16 (ANI): The Centre for Development of Telematics (C-DOT) on Monday launched the 'Samarth' Program to nurture...

World Insights: How China-Africa industrial chain drives continental growth
World Insights: How China-Africa industrial chain drives continental growth

From infrastructure and training to production and global sales, China-Africa industrial cooperation is deepening. NAIROBI, June...

China-Central Asia freight trains soaring amid closer economic ties
China-Central Asia freight trains soaring amid closer economic ties

BEIJING, June 16 (Xinhua) -- The whistle of a freight train echoed through Wujiashan Station in the central Chinese city of Wuhan Saturday....

100 m-long 'Make in India' steel bridge launched over DFC tracks for Mumbai-Ahmedabad Bullet Train project
100 m-long 'Make in India' steel bridge launched over DFC tracks for Mumbai-Ahmedabad Bullet Train project

Bharuch (Gujarat) [India], June 16 (ANI): In a significant step forward for the Mumbai-Ahmedabad Bullet Train project, a 100-metre-long...

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