DIRS.INFO The most relevant business & tech news

☆ Why Apple is betting big on India
▼ + stars: | 2024-04-22 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +26 min

I think one estimate put, at one point, I think China was producing something like 90% of the world's iPhones. So when we talk about, you know, Apple manufacturing elsewhere, it's going take a long time to significantly ramp up iPhone production elsewhere. And you know, opening a physical Apple store often for Apple is a sign of a big deal. But you know, Apple looking at India going, wow, we've only got 7% of market share there, we could grow huge amounts. And of course, as we know, with Apple, the hardware is the, you know, one side of the equation, but also, you know, Apple makes billions of dollars off of its services business, which includes things like its App Store fees, it's Apple Pay, Apple TV, all of those other products and services.

Persons: Tim Cook, Apple, it's, It's, Tom Chitty, we've, Arjun Kharpal, Arjun, they're, let's, hasn't, We've, they've, Apple's, that's, we're, There's, Narendra Modi, Arjun Kharpal It's, Tom Chitty Huawei, Kharpal Huawei, Tim Cook's, I've, haven't, He's, They've, Arjun Kharpal There's, Tom Chitty Oppo, Tom Chitty Xiaomi, Tom Chitty Samsung, You've, They're, Transsion, Tom, Tom Chitty I'm, Kharpal, Tom Chitty We'll Organizations: Apple, Bloomberg, CNBC, U.S, Arjun Kharpal It's Samsung, Samsung, China, Apple Watch, Huawei, IDC Locations: India, Foxconn, China, beyondthevalley@cnbc.com, Covid, Zhengzhou, Vietnam, Asia, Thailand, Indonesia, Southeast Asia, Mumbai, New Delhi, Xiaomi, Europe, U.S, Arjun Kharpal Vietnam, Hanoi , Vietnam, Hanoi, Taiwan, Beijing, America, Africa, The

☆ Bitcoin halving is likely this week — here's what you need to know
▼ + stars: | 2024-04-17 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +27 min

And that's, that's the whole idea of it. Tom ChittySo if I go and buy bitcoin, the bitcoin I buy is fresh bitcoin that's been mined, not someone who's selling bitcoin is that right? Arjun KharpalThe likelihood is if you buy bitcoin, if we go on an exchange and buy bitcoin, we're selling bitcoin that's in existence already. And so what they say is, well, with the halving, you know, bitcoin will not be devalued. That's that's really what so many of the enthusiasts and proponents love about it.

Persons: Bitcoin, Tom Chitty, Arjun, we'll, Ethereum, Arjun Kharpal Paris, Kharpal, we've, Arjun Kharpal, Tom Chitty 13,777B, that's, what's, they're, bitcoin, there's, That's, It's, you've, Richard Tang, Richard Teng, I'm, he's, Arjun Kharpal That's, Tom, it's, Tom Chitty That's, I've, Arjun Kharpal It's, they've, Binance, Arjun Kharpal Binance, Changpeng Zhao, cryptocurrency, Jan van Eck, Jean, Marie Mognetti, van Eck, Jan Van Eck, Cathy, Gary Gensler, let's, Tom Chitty Let's, Tom Chitty Oh, There's, Tom Chitty Memecoins, Arjun Kharpal They're, we'd, David Hunt, David, Tom Chitty Poor David, Paris, Tom Chitty We'll Organizations: CNBC, Eurostar, U.S ., Paris, Department of Justice, U.S, CZ, DOJ, SEC, Mr, Gamestop Locations: beyondthevalley@cnbc.com, Paris, CNBC.com, bitcoin, U.S, Abu Dhabi, Binance, Chicago, Pennsylvania, Elmira , New York, NYC , New York City, Syracuse, Elmira, it's

☆ How India is challenging China as Asia's tech powerhouse
▼ + stars: | 2024-04-05 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +30 min

New Delhi has sought to woo foreign tech companies and has been increasingly successful, with giants like Apple increasing their presence in the country. Tom Chitty: For years China has been Asia's tech powerhouse where the world's electronics and some of the biggest companies on the planet are located. And I think India is in the very early stages, to put it quite bluntly, of trying to do that. Tom Chitty: India have got an election this year as well, which is going to be interesting to see what happens there. You know, India has aligned itself slightly more to the countries that are currently a bit more anti-China, shall we say?

Persons: Tom Chitty, Arjun Kharpal, It's, Let's, I'm, Arjun, You'll, We're, we've, what's, gunning, Narendra Modi, it's, Tom, Modi, Trump, Apple, COVID, there's, Taiwan's, that's, Karen Tso, China's, Tim Cook, Raghuram Rajan, We've, feasibly, India's, let's, he's, you've, we'll, I've, We'll Organizations: Apple, CNBC, China, India's, Foxconn, Micron, Tata Electronics, Taiwan's Powerchip Semiconductor Manufacturing Corp, Reserve Bank of India, CCP, Samsung, Bain, India, London Locations: China, Tencent, Asia, India, Delhi, Washington, Beijing, American, COVID, U.S, Brazil, Vietnam, Indonesia, Thailand, Taiwan, South Korea, Bangalore, Goa, Kolkata, Mumbai, Europe, Silicon, New York, Germany

☆ Flying cars — or eVTOLs — are becoming reality. Would you ride in one?
▼ + stars: | 2024-04-01 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +36 min

They are flying cars, they're flying cars,Tom Chitty: These vehicles aren't necessarily actually cars with wheels, either, because I know that you've done you've got a program coming up soon about eVTOL. And the idea is there's going to be a fleet of these run by an operator. You've alluded to this feature program we've got coming out looking at the future of these, these flying cars, basically in these eVTOLs. And also, we can't finish this episode about flying cars and eVTOLs without talking about Chitty Chitty Bang Bang, the OG. Yeah, no, that's, that's very surprising.

Persons: Tom Chitty, Arjun Kharpal, who's, I've, we've, We've, I'm, they'd, I'd, there's, Arjun, that's, we're, you've, there'll, they're, You've, Kharpal, it's, you'll, They've, Morgan Stanley, someone's, What's, they've, They're, Big Ben, Chitty Chitty Bang Bang, Chitty Bang Bang, Tom, We'll Organizations: JPMorgan, CNBC, Mar, Airbus, Archer Aviation, Joby, Infrastructure, Boeing, Heathrow Airport, Civil Aviation Administration, U.S . Federal Aviation Administration, FAA, Autonomy, London, Transport Locations: Spain, China, Europe, Munich, Germany, beyondthevalley@cnbc.com, London, Chinese, Guangzhou, Birmingham, U.S, Manchester, it's, eVTOLs, Battersea, Heathrow

☆ Why a strong U.S. dollar is bad for 'the rest of the world'
▼ + stars: | 2023-01-09 | by ( Tom Chitty | ) www.cnbc.com time to read: +1 min

The U.S. dollar is the world's dominant currency and plays a key role in global trade. While that may seem like good news to Americans, it's bad news for much of the world. The rest of the world despises how dominant the dollar is, yet they go to the U.S. dollar, because there really isn't much of an alternative," said Eswar Prasad, an economist at the Brookings Institution and professor and Cornell University. Besides being the go-to currency for international financial transactions, commodities such as oil are also bought and sold in U.S. dollars. Watch the video above to learn about how a strong dollar contributed to an economic and political crisis in Sri Lanka.

☆ Globalization has been breaking down for a while – here's what could end it
▼ + stars: | 2022-12-06 | by ( Tom Chitty | ) www.cnbc.com time to read: +1 min

It raised questions about whether the many benefits of globalization outweigh the geopolitical problems it has helped create. The latest wave of globalization has seen great resistance. Worker exploitation and a rise in inequality have also been at least partly attributed to globalization. "I think there's been a globalization bubble, and we're trying to correct it." Watch the video above to learn more about why economists think globalization is fragmenting – and what lies ahead.

☆ Why poorer countries want rich countries to foot their climate change bill
▼ + stars: | 2022-11-07 | by ( Tom Chitty | ) www.cnbc.com time to read: +2 min

As the world's leaders gather in Egypt's coastal resort Sharm El Sheikh for COP, the United Nations' annual climate change conference, the subject of climate finance is top of the agenda. The term refers to money that is given or loaned, usually to a developing country, to help reduce the worst effects of climate change and to help them adapt to long-term shifts in the world's climate system. It really leads these countries to be more at the whim of the weather," said Gaia Larsen, a director of climate finance, access and deployment for the research organization World Resources Institute. The topic is set to dominate discussions at COP27 after developed countries failed to reach the $100 billion annual pledge in 2020 to support developing nations in reducing emissions and adapting to climate change. Reparations have become a hugely contentious issue, with developed countries concerned that providing funding could be construed as an admission of legal liability and trigger claims on a major scale.

☆ COP26 had big ambitions — here's why it fell short
▼ + stars: | 2021-11-19 | by ( Tom Chitty | Sam Meredith | ) www.cnbc.com time to read: +1 min

"I apologize for the way this process has unfolded, and I am deeply sorry." Speaking after the Glasgow Climate Pact had been agreed by nearly 200 countries, Alok Sharma, the U.K.'s COP26 president, captured the feeling of disappointment held by many inside the conference center. China and India, which are among the world's biggest burners of coal, had amended the language in the pact from a "phase out" of coal to a "phase down." It's a far cry from the crucial 1.5 degrees Celsius rise that would limit the worst effects of the climate emergency, a target dating from the landmark 2015 Paris Agreement. Watch the video above to find out what happened in Glasgow and why COP26 struggled to achieve its aims.

Persons: Alok Sharma, It's, COP26 Locations: Glasgow, China, India, Paris

Search resuls for: "Tom Chitty"

8 mentions found