November 11, 2020 - Biz in 60

Business in 60 Seconds

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November 11, 2020 - Biz in 60

Business in 60 Seconds

India car sales to dealerships up 14% in October Car sales to dealerships rose 14-percent in October from a year ago, but the number of people buying vehicles has fallen. The Society of Indian Automobile Manufacturers says dealerships bought-up stock anticipating higher demand during India's festive season. But the Federation of Automobile Dealers Associations says sales to customers fell 9-percent compared to last year. TikTok challenges Trump sale order as deadline looms TikTok has filed a last-minute legal petition against the White House's plans to force the sale of the app's US operations on Thursday. The Trump administration had provisionally approved a deal between TikTok's Chinese parent company, ByteDance, and the US software firm, Oracle, designed to avert a ban on the app on national security concerns. But ByteDance says it's been waiting for the deal to be finalised. Apple unveils first devices featuring in-house processors Apple has unveiled a new range of products powered by its own processor chips. It's a shift away from Intel's technology, which has driven the electronic brains of Apple laptops and desktops for nearly 15 years. The new chip, called the M1, will also tie Apple's computers and iPhones closer together, technologically.
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India car sales to dealerships up 14% in October Car sales to dealerships rose 14-percent in October from a year ago, but the number of people buying vehicles has fallen. The Society of Indian Automobile Manufacturers says dealerships bought-up stock anticipating higher demand during India's festive season. But the Federation of Automobile Dealers Associations says sales to customers fell 9-percent compared to last year. TikTok challenges Trump sale order as deadline looms TikTok has filed a last-minute legal petition against the White House's plans to force the sale of the app's US operations on Thursday. The Trump administration had provisionally approved a deal between TikTok's Chinese parent company, ByteDance, and the US software firm, Oracle, designed to avert a ban on the app on national security concerns. But ByteDance says it's been waiting for the deal to be finalised. Apple unveils first devices featuring in-house processors Apple has unveiled a new range of products powered by its own processor chips. It's a shift away from Intel's technology, which has driven the electronic brains of Apple laptops and desktops for nearly 15 years. The new chip, called the M1, will also tie Apple's computers and iPhones closer together, technologically.
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