Buying an iPhone 15? These are the trade-in values of your old Apple, Samsung and Google devices | Apple is only the latest casualty of the Sino-American tech war | 'A real big deal': Biden backs economic corridor as shifting geopolitical alliances fragment the global economy

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Buying an iPhone 15? These are the trade-in values of your old Apple, Samsung and Google devices - CNBC

The tech giant this week unveiled its iPhone 15 and iPhone 15 Pro models at an event at its Cupertino, California headquarters, finally ditching the 11-year-old Lightning port in favor of USB-C.

The new phones feature upgraded cameras, slightly tweaked designs and, in the case of the Pro models, a lightweight titanium frame.

The iPhone 15 will start at $799 when it hits stores on Sept. 22, while the iPhone 15 Pro will start at $999 for the 128GB model.

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Apple is only the latest casualty of the Sino-American tech war - The Economist

Few events in the tech calendar create as much buzz as the release of the latest iPhone. On September 12th Tim Cook, Apple’s boss, unveiled what he called “truly incredible” new devices. Yet it was an earlier, quieter launch of a rival gadget that left the tech world gobsmacked. In late August, with no forewarning, Huawei showed off the Mate 60 Pro. As the first fully Chinese-made smartphone that can tap into 5G networks, it was an instant hit. The processors inside it were made by SMIC, China’s chipmaking champion. It is exactly this type of technology that America has been trying to stop Huawei and other Chinese companies from getting their hands on.

If being upstaged by a Chinese rival was not enough to sour Apple’s mood, days later news broke that some Chinese government departments and state-owned firms may be banning iPhones. The American giant’s share price fell by 6%, wiping around $200bn from its market value.

A ban’s direct impact on Apple would be minimal. A tiny fraction of China’s 7m or so public servants can afford iPhones, reckons Jefferies, an investment bank. Still, the rumours—and they are still that—signal that not even Apple, whose relations with China have long been cosy, is invulnerable to geopolitics. What is more, China’s targeting of America’s most valuable company, combined with SMIC’s newfound chipmaking prowess, may provoke hawks in Washington to tighten anti-Chinese controls. The Chinese may respond, and so on up the escalation ladder. No wonder investors are spooked.

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'A real big deal': Biden backs economic corridor as shifting geopolitical alliances fragment the global economy - CNBC

NEW DELHI â Even for those accustomed to the ebbs and flows of the U.S.-Saudi Arabia relationship, the sight of President Joe Biden extending a handshake to Saudi Crown Prince Mohammad bin Salman at the recent G20 leaders' summit in New Delhi was quite the turnaround.

After all, Biden had warned last October of "consequences" after the Saudi-led oil cartel OPEC decided to cut crude production and boost prices amid Russia's war in Ukraine.

Roughly a year on, Saudi Arabia is not only one of six new invitees to the China-dominated BRICS coalition, but also a signatory to the Biden-led pact for a ship-to-rail economic corridor linking India with Middle Eastern and European Union countries unveiled on the sidelines of the G20 summit â framed as a counter to China's decade-old Belt and Road Initiative.

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