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President Trump took to the Truth social media platform and warned Apple that the firm would have to pay a 25% tariff if its American market iPhones are not built in the US. Trump said, “ I have long ago informed Tim Cook of Apple that I expect their iPhones that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else. “ The President added, “If that is not the case, a Tariff of at least 25% must be paid by Apple to the US. “ Also Read: Apple’s Expansion in India Defies Trump: Is $250 AAPL the Next Stop? Apple Shares Slide Amid Tariff Warnings Source: Cryptorank Apple (AAPL) shares fell 3.26% in the pre-market after Trump’s latest tariff warning. President Trump went on a tariff spree soon after assuming office. Most nations have come to terms with his policies. Many have brokered new trade deals to better suit the new administration’s vision. The company set its sights on India for...

Apple says that it plans to begin sourcing all US iPhones from India, pivoting away from previously sourcing them from China. According to a Financial Times report, the tech giant aims to make the shift as soon as next year. Apple plans to move production of all US-sold iPhones from China to India by 2026. pic.twitter.com/J8H7bxZmiX — Watcher.Guru (@WatcherGuru) April 25, 2025 With global tensions only increasing and a trade war with China seeming unavoidable, top US companies are looking to navigate the rough waters. Among them is Apple, which was one of the hardest hit by the tariff threats from the US against Asian nations like China and Taiwan. Recently, the iPhone developer made the news after flying millions of iPhones into the US to avoid tariffs. The company has been making many moves to avoid future tariff threats, with this latest one looking to cut its ties with China, which has the highest US tariffs levied against it. Apple to Shift All US iPhone Development Out of China ...

Things have changed dramatically for the BRICS bloc since the acronym was first coined in 2001. Over the last two years, it has become a key voice in the geopolitical and global economic sectors. Now, BRICS Creator Jim O’Neill has recently expressed his view on its trajectory, while noting that India is poised to soon be the third-largest global economy and a key alliance member. In a recent interview with The Economic Times, the economist discussed the growth rate of the country. Specifically, he noted that India is “doing almost exactly what we thought over 20 years ago, and that is in the process of becoming bigger than Japan and Germany” and becoming a global force. Source: Watcher Guru Also Read: Why BRICS Isn’t a Threat to the Dollar, the US Is India Poised to be BRICS Leader? Jim O’Neill Discusses Shifting Power Balance The last two years have seen the BRICS economic alliance notably increase in prominence. A massive reason for that has been its seek...

BRICS member India is strengthening its CBDC mobile payment ties with many more countries for cross-border transactions. Bloomberg reported that India is partnering with multiple countries in South Asia to process mobile payment systems. The countries include the Philippines, Sri Lanka, and its BRICS counterpart the United Arab Emirates (UAE). T Rabi Sankar, Deputy Governor of the Reserve Bank of India (RBI) confirmed the development at the conference in Cebu, Philippines. Also Read: BRICS: Demand For the US Dollar Rises in Foreign Banks In addition, BRICS member India has already maintained the CBDC payment agreement with Bhutan and Nepal. The RBI is collaborating with ASEAN countries to integrate the platform for all like-minded nations. For the uninitiated, India is among the first countries in the world to successfully launch the pilot batch of the CBDC testing. BRICS country India is assessing the possibilities of launching the CBDC digital currency for government, retail, and ins...

India’s Ministry of Finance issued compliance show cause notices to Binance and eight other offshore exchanges for operating illegally against anti-money laundering policies.  India’s Financial Intelligence Unit (FIU) addressed the notices to Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex, according to a circular shared on Dec. 28. Furthermore, the FIU intends to wall off local investors from these platforms and has taken initial steps to block URLs of non-compliant Virtual Digital Assets Service Providers.  FIU’s announcement noted that the decision to crack down on Binance and other foreign exchanges aligns with India’s Prevention of Money Laundering Act (PMLA). However, no timeframe for cautioned platforms to respond was disclosed. You might also like: India considers regulating crypto with IMF-FSB guidelines India’s Ministry made it mandatory for crypto businesses to register with the FIU and comply with PMLA provisions....

A 39-year-old ragpicker from India stumbled upon US dollar bills on the railway tracks in the southern city of Bengaluru. The ragpicker named Saleman found the US dollar bills in 23 bundles covered in paper and thrown on the sideways. Saleman works as a scrap collector who mainly collects plastic bottles and other waste materials to earn a living. After scavenging the waste near the railway station, the man found the US dollar currencies on Friday last week. Also Read: GTA 6: Rockstar Games To Announce Grand Theft Auto VI This Week Saleman kept the bundles of currencies in his home and informed social activist R Kaleem Ullah about the bills. The activist informed the police commissioner B Dayananda about the US dollars and handed over the currencies to the department. “I initially did not know that there were currency notes in it. As it was packed, I thought it might be some books that had been thrown. But when I came home and opened it, I found 23 bundles of US dollars but ...