Exclusive: India import hurdles hit Apple iPhone, Xiaomi devices from China -sources

NEW DELHI (Reuters) – India’s tight control of quality clearances for electronic goods from China slowed the import of Apple’s new iPhone model last month and held up other products made by companies like Xiaomi, according to two industry sources.

FILE PHOTO: The Apple logo is displayed at an event at their headquarters in Cupertino, California, U.S. September 10, 2019. REUTERS/Stephen Lam/File Photo

Applications to the quality control agency, the Bureau of Indian Standards (BIS), typically used to be processed within 15 days, but some are now taking up to two months or longer.

BIS started delaying approvals in August for China-made imports of devices like smartphones, smartwatches and laptops, part of the fallout from deteriorating ties with China after a border clash in June that left 20 Indian soldiers dead.

Since the clash India has tightened rules for investments from China and banned hundreds

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Exclusive: India import hurdles hit Apple iPhone, Xiaomi devices from China, say sources

NEW DELHI (Reuters) – India’s tight control of quality clearances for electronic goods from China slowed the import of Apple’s new iPhone model last month and held up other products made by companies like Xiaomi, according to two industry sources.

FILE PHOTO: The Apple logo is displayed at an event at their headquarters in Cupertino, California, U.S. September 10, 2019. REUTERS/Stephen Lam/File Photo

Applications to the quality control agency, the Bureau of Indian Standards (BIS), typically used to be processed within 15 days, but some are now taking up to two months or longer.

BIS started delaying approvals in August for China-made imports of devices like smartphones, smartwatches and laptops, part of the fallout from deteriorating ties with China after a border clash in June that left 20 Indian soldiers dead.

Since the clash India has tightened rules for investments from China and banned hundreds

Read More

India import hurdles hit Apple iPhone, Xiaomi devices from China, say sources

By Sankalp Phartiyal and Aditya Kalra



logo: FILE PHOTO: The Apple logo is displayed at an event at their headquarters in Cupertino


© Reuters/STEPHEN LAM
FILE PHOTO: The Apple logo is displayed at an event at their headquarters in Cupertino

NEW DELHI (Reuters) – India’s tight control of quality clearances for electronic goods from China slowed the import of Apple’s new iPhone model last month and held up other products made by companies like Xiaomi, according to two industry sources.



a man standing in front of a sign: FILE PHOTO: Attendants are silhouetted in front of Xiaomi's logo in Beijing


© Reuters/Kim Kyung Hoon
FILE PHOTO: Attendants are silhouetted in front of Xiaomi’s logo in Beijing

Applications to the quality control agency, the Bureau of Indian Standards (BIS), typically used to be processed within 15 days, but some are now taking up to two months or longer.

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BIS started delaying approvals in August for China-made imports of devices like smartphones, smartwatches and laptops, part of the fallout from deteriorating ties with China after a border clash in June that left 20 Indian soldiers dead.

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London steps up charm offensive for $4 billion Deliveroo listing: sources

LONDON (Reuters) – The London Stock Exchange and British government and banking officials have launched a charm offensive to persuade British online food delivery business Deliveroo to list in London early next year, three sources familiar with the matter told Reuters.

Deliveroo has appointed Goldman Sachs and JPMorgan to manage an initial public offering (IPO) of between 35-40% of the business in the first half of 2021, the sources said. London and New York are the main options for the deal.

The London-based firm could be valued at more than 3 billion pounds ($3.99 billion), the sources added, after a boost from the COVID-19 pandemic when many restaurants turned to Deliveroo for home delivery services.

Deliveroo and JPMorgan declined to comment. The LSE and Goldman did not immediately respond to requests for comment.

Historically, European tech companies such as Spotify have chosen a New York listing to access the world’s

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Green energy sources cause fluctuations in power grids, but demand control offers a solution — ScienceDaily

Power plants generate electricity and send it into power lines that distribute energy to nodes, or sites, where it can be used. But if the electricity load is more than the system’s capacity, transmission can fail, leading to a cascade of failures throughout the electric grid.

This domino effect was responsible for the largest blackout in U.S. history in 2003, which left 55 million Americans and Canadians without power at an estimated cost of $6 billion. An even larger blackout in 2015 affected 57 million people in Italy. Blackouts cause ripple effects throughout the economies they affect, and they can be dangerous for people depending on electronics in hospitals.

In a paper published in Chaos, from AIP Publishing, the authors show demand side control may be an effective solution to stabilizing the reliability of power grids that use a mix of energy generation sources.

Pere Colet and colleagues factored

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Exclusive: Huawei to sell smartphone unit for $15 billion to Shenzhen government, Digital China, others – sources

HONG KONG (Reuters) – Huawei plans to sell budget-brand smartphone unit Honor in a 100 billion yuan ($15.2 billion) deal to a consortium led by handset distributor Digital China and the government of its home town of Shenzhen, people with knowledge of the matter told Reuters.

The plan comes as U.S. restrictions on supplying Huawei Technologies Co Ltd [HWT.UL] force the world’s second-biggest smartphone maker – after South Korea’s Samsung Electronics Co Ltd 005930.KS – to focus on high-end handsets and corporate-oriented business, the people said.

It also indicates little expectation for any swift change in the U.S. perception of Huawei as a security risk following a new U.S. administration, one of the people said.

The all-cash sale will include almost all assets including brand, research & development capabilities and supply chain management, the people said. Huawei could announce it as early as Sunday, one of the people said.

Main

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Huawei to sell smartphone unit to Shenzhen government, others, sources tell Reuters

Huawei headquarters building is pictured in Reading, Britain July 14, 2020.

Matthew Childs | Reuters

Huawei plans to sell budget-brand smartphone unit Honor in a 100 billion yuan ($15.2 billion) deal to a consortium led by handset distributor Digital China and the government of its home town of Shenzhen, people with knowledge of the matter told Reuters.

The plan comes as U.S. restrictions on supplying Huawei Technologies force the world’s second-biggest smartphone maker – after South Korea’s Samsung Electronics – to focus on high-end handsets and corporate-oriented business, the people said.

It also indicates little expectation for any swift change in the U.S. perception of Huawei as a security risk following a new U.S. administration, one of the people said.

The all-cash sale will include almost all assets including brand, research & development capabilities and supply chain management, the people said. Huawei could announce it as early as Sunday, one

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Samsung may launch flagship phone early to grab Huawei share: sources

By Hyunjoo Jin and Heekyong Yang

SEOUL (Reuters) – Samsung Electronics Co Ltd <005930.KS> may launch its flagship Galaxy S smartphones more than a month earlier than expected in a bid to grab market share from Huawei and fend off competition from Apple Inc, three sources familiar with the matter said.

Huawei Technologies Co Ltd once challenged Samsung’s top position in the global smartphone market, but the Chinese rival is in survival mode with U.S. restrictions choking off its supplies of chips used in smartphones and telecom equipment.

South Korean chip industry officials hope Joe Biden’s presidency will ease some of those restrictions, although they are far from certain as they also expect the incoming U.S. administration to maintain a tough stance on China.

Samsung is preparing to launch its new Galaxy S21 as early as late January next year, whereas it previously launched its flagship S20 phone in early

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Prince William kept COVID-19 diagnosis a secret, royal sources confirm

William’s wife Kate and their children reportedly did not contract the virus.

Prince William was diagnosed with COVID-19 earlier this year and kept his diagnosis a secret from the public, royal sources confirm to ABC News.

William, 38, was diagnosed with the virus in April, according to the royal sources.

The future king did not go public with the news of his diagnosis because he did not want to cause alarm, according to a report in The Sun newspaper, which first reported Prince William’s diagnosis.

William’s diagnosis came shortly after his father, Prince Charles, was diagnosed with COVID-19.

Charles, the 71-year-old heir to the British throne, publicly announced he had tested positive through a Clarence House spokesperson in March. Both he and Camilla, the Duchess of Cornwall, who did not have the

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Facebook could face state, federal antitrust lawsuits in November, sources say

The timeline could still change, cautioned the people familiar with the probe, adding that work is ongoing.

State attorneys general in particular are in the late stages of preparing their complaint, according to the people. A fifth person, who also spoke on the condition of anonymity, added the state investigators sought to shore up an initial roster of participants by Friday. The bipartisan group has focused its attention on Facebook’s strategy of purchasing potential competitors, sometimes to acquire and kill them, according to two of the people.

The FTC, meanwhile, has not yet voted to bring a case against Facebook, though some of the people said a meeting of its Democratic and Republican members this week — first reported by The Washington Post — involved presentations illustrating how the agency might proceed.

A lawsuit against Facebook would be the second major antitrust action against Silicon Valley in a matter of

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