YouTube Agrees to Follow Australia’s New Under-16 Social Media Ban 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Australia Releases New National AI Plan, Opts for Existing Laws to Manage Risks 
Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Apple Leads Singles’ Day Smartphone Sales as iPhone 17 Demand Surges 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market 
OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities 
Apple Chief Executive Tim Cook is confident that emerging markets like India will provide more opportunities for growth, with their youthful populations and relatively few iPhones.
iPhone sales jumped 1.5 percent to $51.3 billion for its fiscal second quarter even as global smartphone shipments fell 13 percent in January to March, according to research firm Canalys, whose data showed Apple gained market share from Android phones.
Apple said it set sales records in several countries across South Asia, Latin America and the Middle East.
Cook credited such markets where the company is luring away Android phone users.
He added that there’s a great opportunity for them in those markets because of their low share and the dynamics of the demographics,
Apple, which recently opened its first two retail stores in Mumbai and Delhi, set a quarterly record, and enjoyed a double-digit percentage growth in India year-over-year.
Cook noted that there are a lot of people coming into the middle class in India, and he really feels that India is at a tipping point.
Apple was the second biggest revenue generating brand in India in 2022, second only to Samsung, as it gained 18 percent of the total value of smartphone shipments, according to research firm Counterpoint.
