Apple shifts some iPhone 14 production from China to India

Move taken against background of China’s Covid lockdowns and geopolitical tensions between Beijing and Washington

Apple has begun making iPhone 14s in India, as it moves some production away from China for the first time against a backdrop of Chinese Covid-19 pandemic lockdowns and geopolitical tensions between the US and the country’s communist government.

A production line in Chennai has begun operation, assembling the iPhone 14 for the domestic Indian market. The move, which marks the first time the company has assembled iPhones outside of China in the same year they were released, is part of a plan to disentangle its manufacturing operations from the Chinese state.

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FBI and MI5 leaders give unprecedented joint warning on Chinese spying

Christopher Wray joins Ken McCallum in London, calling Beijing the ‘biggest long-term threat to economic security’

The head of the FBI and the leader of Britain’s domestic intelligence agency have delivered an unprecedented joint address raising fresh alarm about the Chinese government, warning business leaders that Beijing is determined to steal their technology for competitive gain.

In a speech at MI5’s London headquarters intended as a show of western solidarity, Christopher Wray, the FBI director, stood alongside the MI5 director general, Ken McCallum. Wray reaffirmed longstanding concerns about economic espionage and hacking operations by China as well as the Chinese government’s efforts to stifle dissent abroad.

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The rise in global inflation – the hit to living standards across the world

Analysis: From Pakistan to the US, Australia to Germany, the cost of living is rising to new highs and causing new hardships

After decades lurking in the shadows, inflation is back. On Amazon, you can find fridge magnets printed with words spoken 40 years ago by Ronald Reagan, before the election that swept him into the White House.

“Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.”

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Data, not arms, the key driver in emerging US-China cold war | Robert Reich

Cybersecurity comes down to which side has access to more information about the other and can utilize it best

This week, shares in China’s giant ride-hailing app Didi crashed by more than 20%. A few days before, Didi had raised $4.4bn in a massive IPO in New York – the biggest initial public offering by a Chinese company since Alibaba’s debut in 2014.

The proximate cause of Didi’s crash was an announcement by China’s Cyberspace Administration that it suspected Didi of illegally collecting and using personal information. Pending an investigation, it had ordered Didi to stop registering new users and removed Didi’s app from China’s app stores.

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World needs to kick its coal habit to start green recovery, says IEA head

Energy watchdog’s Fatih Birol says shift away from coal in key regions needs to be made a global priority

Dependency on coal in key parts of the world is preventing a global green recovery from taking off, and the shift away from coal needs to be made a global priority, the head of the world’s energy watchdog has said

Coal still forms a key part of China’s energy system, and plans are in train for further coal-fired power plants in the country. India is also heavily dependent on coal, and despite increasing its renewable energy generation has shown little sign of reducing its use of the fossil fuel.

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China to overtake US as world’s biggest economy by 2028, report predicts

Centre for Economics and Business Research says it expects this to happen half a decade sooner than it forecast a year ago

China will overtake the US as the world’s biggest economy before the end of the decade after outperforming its rival during the global Covid-19 pandemic, according to a report.

The Centre for Economics and Business Research said that it nowexpected the value of China’s economy when measured in dollars to exceed that of the US by 2028, half a decade sooner than it expected a year ago.

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