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Apple suppliers surge as iPhone 17 production targets rise

Apple’s supply chain stocks rallied after the company reportedly increased its iPhone production targets for the first three quarters of fiscal year 2026 to 163 million units, reflecting growing confidence in demand for the iPhone 17 lineup and renewed momentum across the premium smartphone market. The revised target represents an increase......

US and China oppose Iranian transit fees in Strait of Hormuz

The United States and China have reached a rare point of diplomatic alignment by opposing Iran’s proposed transit charges for ships crossing the Strait of Hormuz. The position was confirmed by the US State Department ahead of a summit between President Donald Trump and Chinese President Xi Jinping, signaling limited but notable cooperation......

Trump and Xi face pressure to protect AI market rally

Investors are urging Donald Trump and Xi Jinping to avoid escalating technology and trade tensions during this week’s summit in Beijing, as global markets continue to rally around artificial intelligence. The two leaders are expected to meet on May 14 and 15 in what marks Trump’s first official visit to China since 2017. Market......

Goldman Sachs restricts Anthropic AI access for Hong Kong bankers

Goldman Sachs has blocked its Hong Kong-based bankers from accessing Anthropic’s Claude AI models through internal systems, reflecting a strict interpretation of its agreement with the US startup. The restriction has been in place for several weeks and applies specifically to Anthropic tools, while access to other providers such as OpenAI......

Binance targets tenfold user growth as AI reshapes crypto trading

Binance is setting an aggressive expansion target as it seeks to multiply its user base by ten, aiming to reach roughly three billion accounts. The plan was outlined by co chief executive He Yi during a major industry gathering in Hong Kong, where she emphasized the growing convergence between artificial intelligence and blockchain technology.......

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