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As soon as American families get up from the dinner table and put away all of the leftovers from Thanksgiving dinner, the holiday shopping season begins. Between Black Friday and Cyber Monday, Americans are expected to spend billions of dollars on gifts for their loved ones (and themselves) as…
#cybermonday #blackfriday #adobeanalytics #betterbusinessbureau #cyber #counterfeit #bbb #walmart #target #realmoneypro
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A factory at the mobile phone plant of Rising Stars Mobile India, a unit of Foxconn in Tamil Nadu, India, on July 12, 2019.
Bloomberg | Bloomberg | Getty Images
Foxconn Technology will invest more than $1.5 billion in an Indian construction project to fulfill the Apple supplier’s “operational needs” the company announced in Taiwanese security filings Monday.
The $1.541 billion investment was made through a Foxconn subsidiary, Hon Hai Technology India Mega Development, which has been registered in India’s Maharashtra state since 2015, according to one of the securities filings and Indian corporate records. A concurrent filing said that the same subsidiary would budget the equivalent amount in Indian rupees for a construction project to fulfill “operational needs.”
Foxconn is a major Apple supplier and has significant operations in mainland China. Foxconn’s factories are a critical part of Apple’s iPhone manufacturing and were hit hard when Covid-19 lockdowns slowed production to a crawl in 2022.
Those lockdowns, alongside general geopolitical tumult, have prompted Apple suppliers like Foxconn to re-assess their concentrated presence in China. Foxconn has already announced multiple projects inside India, including a $600 million project in Karnataka state and a $500 million factory in Telangana state.
No further detail was given in the securities filings, and a Foxconn spokesperson did not immediately return CNBC’s request for comment.
The fresh investment from Foxconn comes a few months after Foxconn pulled out of a $19.5 billion chipmaking joint venture in India by “mutual agreement,” the company said at the time. Foxconn added it remained “confident” about India’s semiconductor industry ambitions.
WATCH: Foxconn faces Chinese government probe on tax, land use
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The Countdown presenter Rachel Riley and actor Eddie Marsan spoke to crowds at a rally against #antisemitism in Parliament …
#rachelriley #eddiemarsan #parliament
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KUALA LUMPUR — Malaysia will allow visa-free entry to citizens from China, India and several Middle Eastern countries starting next month in a bid to increase arrivals and boost the economy. Prime Minister Anwar Ibrahim revealed the plan on Sunday at the closing of his People's Justice Party…
#kualalumpur #malaysia #middleeastern #anwaribrahim #peoplejusticeparty
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NEW DELHI — Fierce fighting in Myanmar has raised "deep concern" in India, which is closely monitoring security along the countries' shared border while bracing for an influx of refugees. The military regime that seized power in Myanmar in February 2021, ousting the democratically elected…
#myanmar #aung #southeastasian
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BRICS member India’s local currency the Rupee is falling to a new low on Monday against the US dollar. The Indian Rupee plummeted to 83.38 as the US dollar gained strength against all the BRICS local currencies this month. The Rupee is relentlessly experiencing a dip due to various factors…
#brics #rupee #usdollar #saudiarabia #chineseyuan #southafrican #argentina #dilipparmar #hdfcsecurities #globaltrade
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A recent court filing suggests that Changpeng "CZ" Zhao's legal challenges are just beginning, despite pleading guilty to violating the United States Anti-Money Laundering requirements in a settlement with the Department of Justice. Zhao is expected to be sentenced in February 2024. He is…
#departmentofjustice #unitedarabemirates #johnreedstark #doj #binance #richardajones #binancecz #omidmalekan
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Jean Knight — most famous for her hit ‘Mr. Big Stuff’ — has died … this according to reports.
An unattributed press release purporting to be the soul singer and New Orleans native’s obituary is making the rounds online — and if it’s to be believed … it says JK passed away last Wednesday, although the circumstances surrounding her death are unclear for now.
Knight’s 1971 song is easily her biggest claim to fame, but it’s a huge contribution to music and pop culture. ‘Mr. Big Stuff’ not only performed incredibly well on the charts when it came out — including five weeks at #1 on the Billboard Soul Singles chart, and peaking at No. 2 on the Billboard Hot 100 — but it ended up being featured in numerous films and TV shows.
Just a handful of series that used ‘MBS’ … ‘Family Guy,’ ‘black-ish,’ ‘The Marvelous Mrs. Maisel,’ ‘Everwood’ and ‘The Deuce’ — just to name a few. On the movie front, it got played in Will Ferrell’s ‘Semi-Pro.’ Beyond that … the track got remixed/sampled a ton over the years.
Some of that notable acts who flipped this gem … Heavy D & The Boyz, Eazy-E, TLC, Queen Latifah, Everclear, Girl Talk, Beastie Boys and John Legend. ‘Mr. Big Stuff’ had also been covered a handful of times … famously by Precious Metal, Lyn Collins and many others.
Jean had recorded lots of other songs throughout her career … but none ever reached the success of ‘Big Stuff.’ Some of her other notable singles … “My Toot Toot,” “You Think You’re Hot Stuff,” “Carry On,” “Helping Man,” “Do Me,” “Jesse Joe (You Got to Go)” … and more.
She was 80.
RIP
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Two Minnesotans have died as a salmonella outbreak linked to cantaloupe continues, according to the CDC. Minnesota has 13 cases of salmonella linked to the outbreak — the highest number of reported cases of any state, the CDC said. Canada is also investigating a salmonella outbreak linked to…
#minnesotans #cdc #minnesota #4050 #mexico #mexique #vinyard #oklahoma #illinois #indiana
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WRANGELL, Alaska — Authorities recovered the body of an 11-year-old girl Saturday evening from the debris of a landslide in southeast Alaska that tore down a wooded mountainside days earlier, smashing into homes in a remote fishing village. The girl, Kara Heller, was the fourth person confirmed…
#wrangell #alaska #karaheller #timothyheller #bethheller #maraheller #derek #ottoflorschutz #timdespain #juneau
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Police are investigating a cause of motivation after a man walked up to three Palestinian men and shot them in Burlington, Vermont near the University of Vermont campus. NBC News' Tom Winter reports on the latest details from Burlington police and whether federal authorities will investigate.
#palestinian #burlington #vermont #universityofvermont #tomwinter
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With Brazil under focus at Ventana Sur’s this year, highlighting the work of Spcine, Cinema do Brazil and Projeto Paradiso, São Paulo film-TV commission Spcine has organized a series of panels and other events to signal Brazil’s return to normal after the devastating tenure of Jair Bolsonaro. With…
#brazil #ventanasurs #projetoparadiso #sãopaulo #spcine #jairbolsonaro #luladasilva #sãopaulocitys #sãopaulos #buenosaires
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Always a hub of dynamic activity, the cryptocurrency market currently experiences an intriguing phase. Recent news emphasizes that potential approval for a Bitcoin ETF might usher in an unprecedented investment era and attract billions into this market. Such developments establish a stage where…
#apt #sei #kas #nearprotocolnear #cryptoarena #mania #dao #presale #scapesmania #newpartnerships
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To maintain its opulence, Dubai relies on freshwater it doesn’t have. This comes at a cost.
#dubai
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Cardano founder Charles Hoskinson took to X to applaud the Cardano blockchain's research-driven approach. This is as Input Output Global's library of papers nears 200. "I'm still in awe of our library of papers, almost at 200. There is so much amazing research in this portfolio," Hoskinson said on…
#charleshoskinson #blockchainprotocol #cardanofoundation #universityofzurich #blockchaincenter #unitedkingdom
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In the 22 states that manage their own health and safety programs, those fines can be even lower. Indiana has some of the most lax protections for workers in the nation, according to former federal workplace safety officials. The state not only caps fines for serious violations at $7,000 but bars…
#indiana #gruesbeck #amazon #usdepartmentoflabor #victoriagodinez #hoosier
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Come Cyber Monday weekend we know that big brand retailers will have their best markdowns of the year. But for more niche brands, discounts are no guarantee. That’s why we’re excited about Away’s huge Cyber Monday savings on all suitcases. Love it or hate it, it’s the time of year for traveling.…
#bestoverall #classiccarryon #biggercarryon #biggercarryonflex #mediumandlarge #tsa #carryon
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