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Shares of major U.S. technology companies fell on the Frankfurt electronic trading platform, with Nvidia down 2%, and Microsoft and Alphabet down 2.3%.January 19th - According to statistics from the Guangdong Sub-Administration of the General Administration of Customs, in 2025, Guangdongs total import and export of goods reached 9.49 trillion yuan, a year-on-year increase of 4.4%, setting a new annual record. This accounted for 20.9% of the countrys total foreign trade, an increase of 0.1 percentage points from the previous year, ranking first among all provinces and municipalities for 40 consecutive years, contributing 24.1% to the national foreign trade growth. Specifically, exports reached 6.03 trillion yuan, an increase of 2.5%; imports reached 3.46 trillion yuan, an increase of 7.8%.January 19th - According to the China Index Academy, due to the relatively delayed Spring Festival holiday in 2026, the traditional off-season for sales will be shifted later, making the performance of the real estate market from January to early February a key window for observing the prosperity of the first quarter and even the whole year.The Indonesian rupiah fell further to 16,945 against the US dollar, a new low since early April 2025.On January 19th, George Chevelli, portfolio manager of natural resources at Ninety One, stated that there is more reason to believe that gold prices will consolidate or rise slightly rather than fall sharply. "Golds upward momentum is strong, but its fundamentals remain solid," he said. These fundamental factors include a weaker dollar, ongoing geopolitical tensions, expectations of a Federal Reserve rate cut, and escalating concerns about fiscal deficits and continued central bank demand.

Apple Supplier Foxconn Increases COVID-19 Employee Compensation

Aria Thomas

Nov 01, 2022 14:45

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Foxconn, an Apple (NASDAQ:AAPL) supplier, reportedly increased compensation and awarded bonuses to employees at its Zhengzhou factory in central China in an effort to quell employee outrage about COVID limitations.


The Henan Daily quoted an unnamed head of the company's integrated digital product business group unit as saying on Monday that daily wages for employees of a Foxconn unit responsible for manufacturing electronics, such as smartphones, at the site have been increased to 100 yuan ($13.70) between October 26 and November 11.


According to the source, the company, formerly known as Hon Hai Precision Industry Co Ltd, is also paying a daily bonus of 50 yuan to all employees at the site who have maintained regular attendance since October 19 and adhered to virus prevention procedures.


Foxconn did not respond to a request for comment on the Henan Daily article immediately. The Henan Daily is the provincial newspaper of Henan, whose capital is Zhengzhou.


Foxconn is the largest iPhone producer for Apple, accounting for 70 percent of global iPhone shipments. It employs over 200,000 people at its Zhengzhou facility, where it manufactures the majority of its phones, and has additional production sites in India and southern China.


Several employees departed the Zhengzhou site over the weekend because they were dissatisfied with the safeguards taken to prevent the spread of COVID-19.


Reuters reported on Monday, citing a source, that November iPhone production at the facility may reduce by as much as 30 percent and that Foxconn is attempting to make up for the shortfall at another factory in Shenzhen city.

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