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Google, Apple block TikTok download in India

Bloomberg Google and Apple Inc complied with an Indian court order to block downloads of the popular app TikTok over government concerns with illicit content, according to people familiar with the decision. The move could handicap the app’s owner, China’s Bytedance Ltd, the world’s most highly valued startup, in one of its most promising markets. An Indian state court had ...

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India jobless rate doubles since 2011

Bloomberg India’s unemployment rate has doubled in the eight years to 2018 with the higher educated and younger population accounting for the most without jobs, a new research by a privately run university shows. After remaining at about 2 to 3 percent during the decade to 2011, the unemployment rate in India has increased to more than 6 percent in ...

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Apple, Qualcomm settle billions of dollars of licensing dispute

Bloomberg Apple Inc. and Qualcomm Inc. agreed to end a two-year legal battle over billions of dollars of technology licensing fees that threatened the chipmaker’s most profitable line of business. Apple will make a one-time payment to Qualcomm, and the two reached a multiyear agreement whereby Qualcomm will supply chips and license its technology to the iPhone maker in exchange ...

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