50 Years Ago: China Launches Bulgarian Language Radio Broadcasts
In a testament to enduring friendship, this year marks the 75th anniversary of the establishment of diplomatic relations between Bulgaria and China
Apple plans to increase the share of its products manufactured in India to 25%. This was reported by Reuters, citing a statement by India's commerce minister on January 23.
Emphasizing that many large companies have chosen the promising Indian market, Piyush Goyal said: "Apple is another success story. They already produce 5-7% of their products in India. If I am not mistaken, they want to increase this share up to 25%. Their latest models have been launched in India."
Minister Goyal did not specify the time frame in which Apple intends to realize these goals.
The trend to pull production out of China amid a slowing economy and rising tensions has been particularly strong recently. India, as well as Vietnam and Taiwan, are among the countries where major IT corporations are moving their Chinese production. According to India's Minister of Electronics and Information Technology, Apple's exports to India alone totaled $1 billion in December. Apple started manufacturing in India in 2017, selecting Wistron and Foxconn as contractors. Meanwhile, Foxconn intends to quadruple the number of workers at its iPhone manufacturing plant in India over the next two years. JP Morgan estimates that by 2025, 25% of Apple products will be manufactured outside of China.
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CIA Director William Burns has issued a stark warning, asserting that Ukraine may face defeat in its war against Russia by the end of this year if the United States does not step up its military assistance
EU Commissioner for Home Affairs Ylva Johansson conducted an inspection of border control measures at Sofia Airport, marking a significant step in Bulgaria's accession to the Schengen Area by air
Romania is making strides toward joining the Visa Waiver Program, a significant milestone that would enable its citizens to travel to the United States visa-free for up to 90 days
More than 100 pro-Palestinian demonstrators were arrested Thursday night at Columbia University in New York City
A Russian airstrike on the city of Dnipro in central Ukraine has resulted in the loss of at least eight lives and left 21 individuals wounded
Ukraine's military announced the destruction of a Russian Tu-22 strategic bomber, allegedly involved in nighttime airstrikes targeting Ukrainian cities
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