Royal bank Coutts risks backlash as it plans to move £2billion of clients' cash out of the London stock market and into foreign investments
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Apple is deepening ties with China even as it boosts suppliers globally
Despite its well-publicized moves to cut its dependence on China as its main supplier, Apple has also been increasing the number of firms it works with for production with in the region. Tim Cook visits Luxshare factory in 2017. Source: Apple By January 2024, Apple's supply chain had spent $16 billion in moving away from China, and as of April 2024, 14% of all iPhones are being manufactured in India. But according to an analysis by Nikkei Asia of Apple's public reporting, the company is...