“The pressure from Trump administration on Apple to build iPhone production in the US … would result in an iPhone price point that is a non-starter for Cupertino and translate into iPhone prices of ~$3,500 which is not realistic as this would take 5-10 years to shift production to the US. We believe the concept of Apple producing iPhones in the US is a fairy tale that is not feasible,” Wedbush Securities analyst Dan Ives said in a note.
In a speech in Berlin, Germany, Lagarde said on Monday that theerratic economic policy
of the United States has spooked global investors into limiting their exposure to the dollar in recent months. Many have opted to invest in gold, withoutseeing a viable alternative“The ongoing changes create the opening for a ‘global euro moment’,” she said.
Lagarde said investors seek “geopolitical assurance in another form: they invest in the assets of regions that are reliable security partners and can honour alliances with hard power”.“The global economy thrived on a foundation of openness and multilateralism underpinned by US leadership … but today it is fracturing.”
The dollar’s role has been on the decline for years and now makes up 58 percent of international reserves, the lowest in decades, but still well above the euro’s 20 percent share.
Any enhanced role for the euro must coincide with greater military strength that can back up partnerships, Lagarde said.For the majority of Venezuelans like Rivas, that territory — roughly the size of Florida — belongs to their country.
But Venezuela's neighbour Guyana, a former British colony, has administered the region for over a century. It claims Essequibo as its own.As Venezuela prepares for parliamentary and regional elections on May 25, that longstanding territorial dispute has returned to the spotlight. For the first time, Venezuela will elect representatives not only for its 23 recognised states but also for a new state: Guayana Esequiba.
Rivas is standing as a candidate. He’s running on behalf of the socialist coalition led by President Nicolas Maduro.Eight seats in Venezuela's National Assembly have been assigned to Essequibo. But neither Rivas nor any of the other candidates can campaign there.