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Donald Trump has nominated Chris Wright, CEO of Liberty Energy, as Secretary of Energy. Wright, a strong advocate for fossil fuels and critic of climate change initiatives, aligns with Trump's goal of enhancing U.S. energy production and reducing regulatory barriers. His nomination signals a shift towards prioritizing fossil fuel development over climate action.
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China's smartphone market saw a 2.3% year-on-year growth in Q3 2024, marking four consecutive quarters of growth. Vivo leads the market, followed by Huawei and Apple, which has seen fluctuating performance amid intense competition and new product launches.
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Elon Musk has reportedly maintained regular contact with Vladimir Putin since late 2022, discussing personal and geopolitical matters. This relationship raises significant national security concerns, especially as Musk plays a crucial role in U.S. space operations and is a major donor to Donald Trump's campaign. Lawmakers are calling for investigations into these interactions.
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Indonesia has prohibited the sale of Apple's iPhone 16 and Google's Pixel smartphones due to non-compliance with local content regulations requiring 40% of components to be sourced domestically. This move aims to protect local manufacturers and attract foreign investment, impacting major tech companies in the region.
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In the wake of Donald Trump's election victory, major tech executives are proactively reaching out to him to rebuild relationships and mitigate potential backlash. This shift reflects lessons learned from Trump's first term, where corporate leaders faced punitive actions for perceived disloyalty. The outreach aims to secure favorable treatment in a potential second Trump administration.
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Apple's sales in Greater China fell slightly in Q4 2024, missing analyst expectations. Despite strong global iPhone demand, competition from local brands like Huawei and Xiaomi poses challenges. The anticipated launch of Apple Intelligence in Chinese is set for April 2025, which may impact future sales.
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Following Donald Trump's election victory, fears are mounting over potential tariffs that could disrupt global trade, particularly affecting Europe and American farmers. Analysts warn that renewed trade tensions may exacerbate existing economic challenges in these regions, with significant implications for various industries.
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Donald Trump has nominated Fox News host Pete Hegseth as Secretary of Defense, a decision that has surprised military leaders and political insiders. Critics question Hegseth's qualifications for overseeing the Department of Defense, given his limited national security experience and controversial views.
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Donald Trump's recent election victory is prompting significant changes in global economic strategies. Countries and companies are adjusting their supply chains and defense spending in anticipation of his protectionist policies, particularly regarding tariffs on imports from China and other nations. This shift could reshape international trade dynamics.