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Apple shares surged over 6% following the U.S. government's announcement of tariff exemptions on electronics, benefiting other tech firms like Nvidia and Dell. Despite this rally, uncertainty looms as President Trump indicated new tariffs on semiconductors are forthcoming, highlighting their strategic importance in U.S.-China trade relations. The exemptions, covering $385 billion in imports, mark a significant shift from previous protectionist policies, allowing companies to avoid steep price increases and adjust supply chains more flexibly.
AI cybersecurity firm Armis, co-founded by Yevgeny Dibrov and Nadir Izrael, aims to achieve over $1 billion in annual recurring revenue (ARR) within three years and plans an IPO in the next 12 to 24 months, contingent on market conditions. Under President Alex Mosher, who previously served as Chief Revenue Officer, Armis has grown from less than $20 million in ARR in 2021 to over $250 million today, employing around 850 people globally. The company’s recent acquisition strategy, totaling approximately $290 million for three firms in 12 months, reflects a broader trend of consolidation in the cybersecurity sector as firms prepare for public offerings.
Oil prices declined as concerns over the escalating US-China trade war threaten global economic growth and fuel demand. Brent crude fell to $64.54 a barrel, while US West Texas Intermediate dropped to $61.28, both losing about $10 since the start of the month. Analysts predict a modest rise in global oil demand in late 2025, with significant cuts in US oil rigs reflecting a cautious outlook amid the trade tensions.
Japan’s Nikkei share average rose 1.5% to 34,086.16, driven by gains in iPhone-related stocks after the U.S. excluded smartphones and electronics from steep tariffs. Despite this, investor confidence remains shaky amid ongoing trade policy uncertainties, with 89% of stocks on the Tokyo Stock Exchange rising.
Chinese President Xi Jinping, during his Southeast Asia tour, emphasized that trade wars yield "no winners" and warned against protectionism, which he claims "leads nowhere." His visit to Vietnam, where the US imposes a 46% tariff, aims to strengthen ties and includes plans for around 40 agreements, notably in railway development. The ongoing trade tensions threaten Vietnam's economic growth, which heavily relies on exports to the US, and could reduce its GDP growth by over a percentage point.
Indian enterprise tech startup Uniqus is in advanced talks to secure up to $20 million in its Series C funding round, potentially valuing the company between $200 million and $250 million. Founded in 2022 by former KPMG and EY executives, Uniqus specializes in ESG consulting and operates across eight cities, employing over 500 staff and serving more than 200 clients. The startup is engaging with several prominent investors, including WestBridge, Accel, and Bessemer Venture Partners, reflecting a growing interest in specialized B2B technology firms amid a selective funding environment.
Apple faced a significant crisis prior to receiving tariff concessions from the Trump administration. This development played a crucial role in stabilizing the company's position in a challenging economic environment. The implications of these concessions are noteworthy for the tech industry.
Wio Bank has introduced a salary-linked banking plan for UAE residents, offering up to 6% annual interest on savings, making it one of the highest-yielding personal accounts in the region. Targeting those with monthly salaries of Dh15,000 or more, the Wio Personal Salary Plan allows customers to earn interest on both fixed savings and current account balances, with 6% on Fixed Saving Spaces and 3% on daily balances. The initiative includes multi-currency accounts, cashback on card spending, and investment options, all managed through an app-based platform, supporting the UAE's push for digital banking and financial inclusion.
The recent imposition of US tariffs on several Middle Eastern nations signals a shift in trade dynamics, challenging traditional alliances while creating opportunities for economic diversification. While GCC states face a 10% tariff, other Arab countries endure steeper penalties, prompting a reevaluation of trade strategies and partnerships. As the region prioritizes economic diversification and regional integration, new sector-specific alliances are emerging, particularly in green energy, technology, and food security.
Innovation in energy technologies is surging globally, with significant VC funding growth from 2015 to 2022, although a decline of over 20% is expected in 2023-2024 due to inflation and policy uncertainties. Saudi Arabia is advancing its energy diversification through nuclear power and carbon capture initiatives, while the IEA emphasizes the need for sustained investment in emerging technologies to enhance energy security and sustainability.
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Apple shares surge as US announces tariff exemptions for electronics
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09:37 14.04.2025
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apple averts crisis with trump tariff concession
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global energy innovation trends highlight funding shifts and emerging technologies
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