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Huawei Technologies Co. reported its first quarterly net loss in years, amounting to about 300 million yuan, despite a 9.5% revenue increase to approximately 276 billion yuan. The company invested heavily in R&D, totaling 179.7 billion yuan, as it navigated US sanctions and expanded into areas like EV software and AI server chips. Notably, its smart driving solutions became profitable for the first time, and the consumer business group saw a 38% growth, while the core telecom division grew by 5%.
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US markets are under pressure as fears of a trade war escalate with President Trump's impending tariffs affecting all countries. The Dow Jones and Nasdaq 100 indices have seen significant declines, while gold prices soar amid geopolitical tensions. Vaccine stocks also suffered, with Moderna and Biontech experiencing sharp losses.
Subscribe for expert analysis on global markets and economic trends, featuring insights from leading economists and market strategists like Katie Martin and John Plender. Start your day with the Markets Morning Briefing, providing a concise overview of the day's key headlines.
Asian shares plummeted on Monday, with Tokyo's Nikkei 225 dropping over 4% following a significant retreat on Wall Street, driven by fears of worsening inflation and a slowing U.S. economy amid escalating trade tensions. The S&P 500 experienced its worst day in two years, falling 2%, while consumer pessimism about future finances surged, raising concerns about a potential stagflation scenario. As markets brace for upcoming tariff announcements, oil prices and U.S. futures also declined.
Apple's plans to expand its satellite-based phone connectivity have sparked a conflict with Elon Musk, as the tech giant could become a competitor to his Starlink service. Musk is urging federal regulators to delay Apple's satellite fleet expansion, while SpaceX and T-Mobile have reached an agreement to integrate Starlink with newer iPhones. Despite partnering with Globalstar for satellite services, industry experts believe Apple may struggle to achieve its satellite goals without a larger fleet like SpaceX's.
Apple and Elon Musk are at odds over plans to expand satellite services. The clash highlights the competitive landscape in the tech industry as both companies seek to enhance their offerings in satellite communications. This dispute could have significant implications for future collaborations and market strategies.
Global markets faced turmoil last week due to new 25% US auto tariffs, raising stagflation concerns amid mixed earnings in Hong Kong. The Nasdaq 100 is testing critical support levels, while commodity prices surged, with oil nearing $70 per barrel and gold hitting $3,086. Key economic data, including China PMI and US employment figures, are anticipated this week.
India is on track to potentially double its economy to $7 trillion by 2030, with a focus on infrastructure, renewable energy, and manufacturing as key growth drivers. However, challenges such as high valuations, regulatory hurdles, and global economic uncertainty may hinder foreign investment despite the country's strong fundamentals and young, aspirational population. The next five years are critical for sustaining this momentum and achieving inclusive growth.
Apple is set to transition to in-house modems for one of its new products in 2027, according to a recent report. This move marks a significant shift in the company's approach to hardware integration, aiming to enhance performance and reduce reliance on external suppliers.
Apple Inc.
Companies
| Symbol | AAPL |
| Name | Apple Inc. |
| Currency | USD |
| Sector | Information Technology |
| IndustryGroup | Technology Hardware & Equipment |
| Industry | Electronic Equipment, Instruments & Components |
| Market | NASDAQ Global Select |
| Country | United States |
| State | CA |
| City | Cupertino |
| Zipcode | 95014 |
| Website | http://www.apple.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
huawei reports first quarterly loss amid heavy r d investment and sanctions
10:02 31.03.2025
global market insights and economic trends analysis for informed decision making
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us markets decline amid tariff fears and geopolitical tensions as gold surges
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