Apple CEO Tim Cook announced during the company’s earnings call that tariffs could increase costs by approximately $900 million in Q3, based on current global rates. He noted that Apple had limited impact from tariffs in the previous quarter and emphasized the need for caution in using this estimate for future predictions, as policy changes could alter the outcome. To mitigate tariff-related costs, Apple is diversifying its supply chain, sourcing half of its iPhones for the U.S. from India, marking a significant shift in production strategy amid ongoing trade tensions.
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Climate change or Himalayan curse? What led to Uttarakahand cloudbursts
More than one cloudburst in Uttarkashi, Uttarakhand, triggered flash floods, causing significant damage in high-altitude villages during the monsoon season. Defined by the IMD as rainfall exceeding 100 mm per hour, cloudbursts pose increasing risks due to climate change, impacting densely populated Himalayan regions and necessitating stronger disaster management policies. Want More Context? 🔎
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