Reuters

US has approached China seeking talks on Trump tariffs, says state social media

Development may be indication China is softening on beginning negotiations over American 145% tariffs

The US has approached China seeking talks over Donald Trump’s 145% tariffs, a social media account affiliated with Chinese state media has said, potentially signalling Beijing’s openness to negotiations.

“The US has proactively reached out to China through multiple channels, hoping to hold discussions on the tariff issue,” Yuyuan Tantian reported in a post published on its official Weibo social media account, citing anonymous sources.

McDonald’s posts surprise decline in global sales in first quarter

Firm was navigating ‘toughest of market conditions’ when Trump’s tariffs worsened wallet pressures on consumers

McDonald’s posted a surprise decline in first-quarter global sales on Thursday, as demand from cash-strapped diners in its key markets faltered on uncertainty sparked by chaotic tariffs.

The company was navigating the “toughest of market conditions”, the company’s CEO Chris Kempczinski said, as global comparable sales fell 1%, while analysts on average had estimated a 0.95% rise.

Apple referred to federal prosecutors after judge rules it violated court order

Judge says executive told ‘outright lies’ when he gave testimony in antitrust case from Fortnite maker Epic Games

Apple violated a United States court order that required the iPhone maker to allow greater competition for app downloads and payment methods in its lucrative App Store and will be referred to federal prosecutors, a federal judge in California ruled on Wednesday.

The US district judge Yvonne Gonzalez Rogers in Oakland said in an 80-page ruling that Apple failed to comply with her prior injunction order, which was imposed in an antitrust lawsuit brought by Fortnite maker Epic Games.

Amazon takes on Musk’s Starlink with launch of first internet satellites

First 27 satellites launched into space from Florida, part of $10bn effort to beam broadband internet globally

The first 27 satellites for Amazon’s Kuiper broadband internet constellation were launched into space from Florida on Monday, kicking off the long-delayed deployment of an internet from space network that will rival SpaceX’s Starlink.

The satellites are the first of 3,236 that Amazon plans to send into low-Earth orbit for Project Kuiper, a $10bn effort announced in 2019 to beam broadband internet globally for consumers, businesses and governments – customers that SpaceX has courted for years with its powerful Starlink business.