Asia Business

China’s Huawei launches ‘milestone’ smartphone with homegrown OS

Chinese tech giant Huawei on Tuesday launched its first smartphone equipped with a fully homegrown operating system, a key test in the firm’s fight to challenge the dominance of Western juggernauts.Apple’s iOS and Google’s Android are currently used in the vast majority of mobile phones, but Huawei is looking to change that with its newest …

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Indonesia rejects Apple’s $100 million investment offer

Indonesia has rejected an Apple $100 million investment proposal aimed at lifting a ban on iPhone 16 sales, saying it lacks the “fairness” required by the government. Indonesia last month prohibited the marketing and sale of the iPhone 16 model over Apple’s failure to meet local investment regulations requiring that 40 percent of phones be made …

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China’s Huawei to launch ‘milestone’ smartphone with homegrown OS

Chinese tech giant Huawei will on Tuesday launch its first smartphone equipped with a fully homegrown operating system, a key test in the firm’s fight to challenge the dominance of Western juggernauts.Apple’s iOS and Google’s Android are currently used in the vast majority of mobile phones, but Huawei is looking to change that with its …

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Dow ends at fresh record as oil prices pull back on ceasefire hopes

US stocks rose Monday, with the Dow finishing at a fresh record as markets greeted Donald Trump’s pick for treasury secretary, while oil prices retreated on hopes for a ceasefire between Israel and Hezbollah.The Dow climbed one percent to a second straight all-time closing high on news of the selection of hedge fund manager Scott …

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Stocks push higher on Trump’s ‘steady hand’ for Treasury

Stocks rose Monday on both sides of the Atlantic as traders welcomed Donald Trump’s pick for Treasury secretary, seen as a reassuring choice promising ambitious goals to spur growth in the world’s biggest economy.The nomination of billionaire investor Scott Bessent also pushed down the dollar, on hopes he would pursue lower inflation that would limit …

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Equity markets mostly on front foot, as bitcoin rally stutters

Major stock markets mostly rose Monday as traders welcomed Donald Trump’s pick for Treasury secretary, while bitcoin’s push to $100,000 ran out of steam after coming within a whisker of the mark last week.The equity gains came before key US data over coming days that could provide fresh clues about the Federal Reserve’s plans for …

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