Jan 25, 2017

Apple chases India's booming smartphone market

Bikas Das / AP

Apple is getting close to finalizing a deal to manufacture its products in India, which could help the company get around the country's tax and tariff laws, according to the WSJ. A team of company execs led by Apple VP Priya Balasubramaniam met with senior Indian government officials in New Delhi on Wednesday to negotiate how to move forward. One official said, "It's almost a done deal."

Smart take: The deal could help Apple strengthen its brand in a country where it has less than 5% share of a thriving smartphone market. Smartphone shipments in India grew 18% last year, compared with just 3% globally, according to Counterpoint Research.

Where there's trouble: Trump told Axios that he "really believes" Apple CEO Tim Cook will move iPhone production back to the U.S. because he "loves this country." It appears that Cook and the president are not on the same page.

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Minneapolis unrest as hundreds protest death of George Floyd

Tear gas is fired as police clash with protesters demonstrating against the death of George Floyd outside the 3rd Precinct Police Precinct in Minneapolis, Minnesota, on Tuesday. Photo: Stephen Maturen/Getty Images

Minneapolis police used tear gas during clashes with protesters demanding justice Tuesday night for George Floyd, an African American who died in police custody, according to multiple news reports.

Driving the news: The FBI is investigating Floyd's death after video emerged of a Minneapolis police officer kneeling on his neck for several minutes, ignoring protests that he couldn't breathe. Hundreds of protesters attended the demonstration at the intersection where Floyd died, per the Guardian.

U.S. coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios. This graphic includes "probable deaths" that New York City began reporting on April 14.

Virginia Gov. Ralph Northam announced plans Tuesday to make wearing face coverings mandatory statewide for most people over the age of 10 when inside public places like retailers, on public transportation and government buildings. He announced the measure, effective Friday, as coronavirus case numbers increased to 39,342.

By the numbers: More than 98,900 people have died from COVID-19 and over 1.6 million have tested positive in the U.S. Over 384,900 Americans have recovered and more than 14.9 million tests have been conducted.

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

Japan is preparing a second coronavirus stimulus package worth $1.1 trillion, or about 40% of the country's gross domestic product, Reuters first reported Tuesday night.

Zoom in: The new measure will be funded by government bonds and will include "a raft of loan guarantees and private sector contributions," per Bloomberg.