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Apple tightens HK returns policy ahead of iPhone launch

Bloomberg Apple Inc. is making it harder for touts to profit from buying iPhones in Hong Kong only to sell them on the black market in China. From mid-August, all products bought online from Apple in Hong Kong will be ineligible for return or exchange unless they are defective, the company said on its website. Apple’s previous policy allowed 14 ...

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India bans ‘gold exports’ to plug trade loopholes

Bloomberg India has banned the export of gold products with purity above 22 carats with immediate effect, a move that the industry sees as a way of curbing irregularities in the trade. The Directorate General of Foreign Trade issued a notice limiting shipments of jewelry, coins and medallions to 22 carats or below, without giving a reason. “The move may ...

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Trump pivots back to blame ‘both sides’ for Virginia melee

Bloomberg A day after belatedly faulting white supremacists for deadly clashes in Virginia, President Donald Trump returned to his controversial position that there was “blame on both sides” for the weekend violence — remarks that caught his own aides off-guard. “You had a group on one side that was bad, and you had a group on the other side that ...

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