
-
Eyeing Trump trade policy shakeup, Eli Lilly to build 4 US factories
-
Amazon's next-gen Alexa gets AI upgrade
-
G20 leaders say global stability threatened by declining cooperation
-
US new home sales miss expectations in January on cold weather
-
EU vows to slash red tape but stick to climate goals
-
France court orders retrial of Chilean over alleged murder of ex-girlfriend
-
Dreadlocks and downward dogs: Oslo's new bishop takes unorthodox approach
-
Indonesia agrees deal with Apple that could end iPhone sales ban
-
Global stability threatened by backslide in cooperation: S.Africa
-
'Sorry I couldn't protect you': Israel mourns Bibas mother, sons
-
BP ditches climate targets in pivot back to oil and gas
-
EU seeks to balance business needs, climate goals
-
Stock markets rally with tech in focus
-
BP to up oil and gas output, slash clean energy spend in overhaul
-
Los Angeles wildfires costliest in history: Munich Re
-
'Brat' icon Charli XCX picks up Brit award for best songwriter
-
AB InBev posts record sales in 2024 despite beer volumes slipping
-
Aston Martin cuts jobs as weak China demand weighs
-
Stellantis says 2024 profits fall 70% on N. America troubles
-
'Joyful' South Koreans hope rising births will continue
-
Indonesia agrees deal with Apple that could end iPhone sales ban: reports
-
US says Gaza ceasefire talks on track
-
Tech surge helps Hong Kong lead most Asian markets higher
-
Hong Kong to slash public spending, build AI institute
-
Israelis mass for funeral of Bibas hostages killed in Gaza
-
Most Asian markets rebound as Hong Kong tech rally resumes
-
Under pressure, EU to take axe to green rules
-
Shunned by US, Europe courts India over trade and security
-
BP to unveil strategy shakeup amid energy transition
-
Private US company set for second Moon landing attempt
-
New cocktails shake up Oscar night
-
Leading rare earths miner sees profits fall as prices sag
-
Tesla sinks below $1 tn market value as European auto sales slump
-
Paint them white: how Brazil is keeping trains on track
-
Japan's ANA to purchase mega-order of 77 new jets
-
US hardens visa sanctions over Cuba medical program
-
'A normal family', says son of surgeon in French sex abuse trial
-
Stocks slide as US consumer confidence tumbles, tech slumps
-
Germany's next leader grapples to boost defence spending
-
Stock markets shrug off Trump trade war fears but tech sags
-
UK PM pledges to spend 2.5 percent of GDP on defence by 2027
-
'Matter of survival': Nations spar over nature funding at UN talks
-
German family-run machine maker issues SOS to future government
-
Stock markets struggle on fears over Trump's China tech curbs
-
Indonesia agrees to terms with Apple to lift iPhone sales ban: source
-
Chance huge asteroid will hit Earth down to 0.001 percent
-
Unilever boss to step down after less than two years at helm
-
Kate Bush leads UK musicians in 'silent album' AI fight
-
Hein Schumacher to step down as Unilever CEO
-
Countries lock horns over cash for nature at rebooted UN talks
RBGPF | 3.4% | 67.13 | $ | |
BCE | -2.64% | 23.295 | $ | |
RYCEF | 1.87% | 8.01 | $ | |
BCC | -1.74% | 104.61 | $ | |
CMSC | 0% | 23.65 | $ | |
RIO | -0.62% | 61.73 | $ | |
GSK | -2.46% | 37.44 | $ | |
NGG | -0.53% | 62.4 | $ | |
CMSD | 0.01% | 23.672 | $ | |
RELX | -3.09% | 48.208 | $ | |
SCS | -1.25% | 12.375 | $ | |
VOD | -0.4% | 8.715 | $ | |
JRI | 0.31% | 12.79 | $ | |
BTI | 1.01% | 38.955 | $ | |
AZN | -0.47% | 75.05 | $ | |
BP | -1.56% | 32.72 | $ |

Indonesia agrees deal with Apple that could end iPhone sales ban
Indonesia has struck a deal with Apple for the tech giant to invest in the country, its industry minister and the company said Wednesday, in a move that could end a ban on iPhone 16 sales in Southeast Asia's biggest economy.
The government in October prohibited the marketing and sale of the model over the US tech titan's failure to meet regulations requiring 40 percent of phones be made from local parts.
Industry Minister Agus Gumiwang Kartasasmita said Wednesday that a Memorandum of Understanding had been signed virtually between officials from his ministry and Apple, according to a ministry statement.
"The Ministry of Industry has approved the investment and innovation plan by Apple from 2025 to 2028. We have also signed the MoU with Apple," Agus said in the statement.
Apple will build two facilities -- one in Bandung in West Java province to produce accessories and another in Batam worth $150 million to help produce AirTags via local suppliers, the statement said.
Agus also said Apple expressed its commitment to building a semiconductor research and development centre in Indonesia, the "first of its kind in Asia".
The MoU allows for the revoking of the iPhone 16 sales ban under certain conditions.
Agus said work towards approval of a local content certificate to sell the iPhone 16 could begin after the agreement was signed.
"We're excited to expand our investments across Indonesia and can't wait to bring all of Apple's innovative products, including the iPhone 16 family, with the all new iPhone 16e, to our customers," Apple Indonesia told AFP in a statement.
A government source confirmed to AFP on Tuesday that terms for the lifting of the ban had been agreed, without providing more details.
Jakarta rejected a $100 million investment proposal from Apple in November, saying it lacked the "fairness" required by the government.
The negotiation deadlock forced Apple to later offer an investment of $1 billion to build an AirTag factory in the country.
Despite the sales ban, the government had allowed iPhone 16s to be carried into Indonesia if they were not being traded commercially.
Indonesia also banned the sale of Google Pixel phones for failing to meet the 40 percent parts requirement.
Apple chief executive Tim Cook visited Indonesia last year as the tech giant explored ways to invest in the country and diversify supply chains away from China.
A.Levy--CPN