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JAKARTA (Reuters) – Indonesia said a $100 million investment proposal from Apple to build an accessory and component plant was not enough for the country to allow the tech giant to sell its latest iPhone model, its industry ministry said on Monday. Indonesia in November banned sales of Apple’s iPhone 16 after it failed to meet requirements that smartphones sold domestically should comprise at least 40% locally-made parts. Indonesia has […]

(Reuters) – Barclays raised its 2025 forecast for the S&P 500 index on Monday to 6,600 from 6,500, on the back of a resilient U.S. economy, gradual decrease in inflation and robust potential earnings growth of mega-cap technology stocks. The revised forecast represents an upside of 10.56% from the index’s close of 5,969.34 on Friday and 10% from Barclays’ estimate of 6,000 for 2024. “For U.S. equities, we think macro […]

(Reuters) – Merck said on Monday its drug, Winrevair, helped significantly reduce the risk of death in patients with a rare condition which causes high blood pressure in the lungs, months after it secured approval in the United States. Winrevair was approved to treat pulmonary arterial hypertension (PAH), a progressive disorder caused by a constriction of arteries in the lungs, leading to symptoms such as shortness of breath, chest pain […]

A look at the day ahead in U.S. and global markets from Mike Dolan U.S. Treasury yields slipped back on Monday after Wall Street money manager Scott Bessent got the nod to be the next Treasury Secretary, with markets hoping his take on tax cuts and tariffs may at least be sensitive to edgy investor concerns. Ahead of the Thanksgiving holiday week, President-elect Donald Trump ended intense speculation over the […]

BEIRUT (AP) — Diplomats and other officials say there have been several sticking points in ceasefire talks to end the war between Israel and the Lebanese militant group Hezbollah, even as conditions for an agreement appear to be ripe. Israel’s military has killed nearly all of the militant group’s top leaders, but it continues to fire missiles into Israel. Tens of thousands of Israelis who were evacuated from the border […]

BEIRUT (AP) — Diplomats and other officials say there have been several sticking points in ceasefire talks to end the war between Israel and the Lebanese militant group Hezbollah, even as conditions for an agreement appear to be ripe. Israel’s military has killed nearly all of the militant group’s top leaders, but it continues to fire missiles into Israel. Tens of thousands of Israelis who were evacuated from the border […]

TBILISI, Georgia (AP) — The newly elected Georgian parliament opened its inaugural session on Monday as opposition lawmakers and the country’s ceremonial president stayed away and thousands of protesters rallied outside, accusing the ruling party of rigging the vote under Russian influence. The Oct. 26 election that kept the Georgian Dream party in power was widely seen as a referendum on the country’s effort to join the European Union. Opposition […]

TBILISI, Georgia (AP) — The newly elected Georgian parliament opened its inaugural session on Monday as opposition lawmakers and the country’s ceremonial president stayed away and thousands of protesters rallied outside, accusing the ruling party of rigging the vote under Russian influence. The Oct. 26 election that kept the Georgian Dream party in power was widely seen as a referendum on the country’s effort to join the European Union. Opposition […]

ALEXANDRIA, Va. (AP) — Google, already facing a possible breakup of the company over its ubiquitous search engine, is fighting to beat back another attack by the U.S. Department of Justice alleging monopolistic conduct, this time over technology that puts online advertising in front of consumers. The Justice Department and Google are scheduled to make closing arguments Monday in a trial alleging Google’s advertising technology constitutes an illegal monopoly. U.S. […]