SAN FRANCISCO: Apple Inc on Monday said it has allocated more than $400 million of $2.5 billion it pledged last year to stem California's housing crisis.The iPhone maker in November committed the funding to address what Chief Executive Tim Cook called a housing "affordability crisis that is existential" for many residents of the company's home state.The majority of the first $400 million to be spent this year is going toward two programs Apple is working on with the California Housing Finance Agency. Under the first, Apple has provided funding to help state officials extend their ability to finance affordable housing projects with tax-exempt bonds.Under the second, Apple has worked through the agency to help provide mortgage and down payment assistance to hundreds of first-time home buyers to date. The mortgage assistance program is aimed at low- and moderate-income first-time home buyers.Apple said that it is also working with a public-private group called Housing Trust Silicon Valley … [Read more...] about Apple to spend over $400 million in 2020 to stem California’ housing crisis
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New Delhi : The Apparel Export Promotion Council (AEPC) on Monday urged the central government to thoroughly review India's trade pacts with the EU, UK, US, Australia, and Canada, saying the country's apparel exports can double in three years if 'disadvantages' in the trade agreements are removed.In a letter to Prime Minister Narendra Modi, AEPC Chairman A. Sakthivel thanked the government for taking various measures to help the apparel-exporting industry during the pandemic crisis. He said that the industry has however been very badly impacted in India's principal export markets of the US, UK, and Europe."An important area that can supplement your efforts in this direction is improving export competitiveness through a comprehensive review of India's trade agreements through a fast-tracked mechanism with EU, UK, US, Australia, and Canada," Sakthivel wrote.According to the industry body, India currently has a duty disadvantage of 9.6 per cent in the European Union market compared with … [Read more...] about Apparel exporters’ body writes to PM for review of trade pacts
2016 was when things started looking up for the Bollywood box office. It crossed the Rs 1,000 crore mark in the first six months of 2016 itself. … [Read more...] about How did 2020 fare at the box office so far?
To address concerns over its Chinese ownership, ByteDance has taken steps to shift its center of power away from China, Reuters previously reported. It is also looking to make changes to TikTok`s corporate structure for the same reasons, a company spokesperson said this week. … [Read more...] about Amazon.com sends TikTok ban email to employees, later calls it error
Virus deaths are rising in the US, especially in the South and West, with the seven-day rolling daily average increasing from 578 two weeks ago to 664 on Friday — still well below the heights hit in April — according to an Associated Press analysis of data from Johns Hopkins. Daily infection records were hit in at least six states. … [Read more...] about Lockdown life: Coronavirus surge in Eastern Europe prompts new restrictions