NEW DELHI, Feb 1 (Reuters) - India has removed import duties on some components key to producing mobile phones, Finance Minister Nirmala Sitharaman announced in the annual budget on Saturday, in a boost for local production efforts and benefiting firms such as Apple ( AAPL ) and Xiaomi ( XIACF ). India's electronics production has more than doubled in the...

NEW DELHI (Reuters) - India has removed import duties on some components key to producing mobile phones, Finance Minister Nirmala Sitharaman announced in the annual budget on Saturday, in a boost for local production efforts and benefiting firms such as Apple ( AAPL ) and Xiaomi ( XIACF ). India's electronics production has more than doubled in the last six...

(Reuters) - The U.S. Commerce Department is looking into whether DeepSeek - the Chinese company whose AI model's performance rocked the tech world - has been using U.S. chips that are not allowed to be shipped to China, a person familiar with the matter said. China's DeepSeek last week launched a free assistant it says uses less data at a...

Feb 1 (Reuters) - The Teamsters labor union said on Saturday that its negotiating committee has reached a tentative agreement for a new contract with U.S. retailer Costco Wholesale ( COST ) . The tentative agreement will be presented to the membership for a vote, the union, which represents more than 18,000 workers at Costco, said in a post on...