The Week In Numbers: Exploding Phones

A number of people have complained to a Chinese regulator that their Apple phones spontaneously combusted. One of the eight people who complained said her iPhone 6S Plus exploded in August, shattering the screen and leaving the battery and the back of the phone blackened. Apple has blamed “external factors” for the battery fire.

Life appears to be returning to China’s economy. The world’s second-largest economy said imports grew at the fastest rate in more than two years. Exports rose 0.1%, which was better than a 5% slide that economists had predicted. Hold the front page, economists get it wrong again.

The central bank of India has kept interest rates on hold at 6.25%. India was widely expected to cut its cost of borrowing. But the demonetisation experiment by the Modi government could put a dent in the economy’s growth. Is this a self-inflicted problem?

Japan’s economy grew 1.3% in the third quarter. This was slower than the 2.2% growth in the last quarter. Japan has not had the best of luck with a stubbornly-high yen hampering exports. But all that could change with the Trump-inspired rally of the US dollar.

And finally, President Elect of the US has urged the government to cancel an order with Boeing for a new Air Force One. He said costs were out of the control. The brand new 747 could cost $4 billion according to Trump.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore Director David Kuo doesn’t own shares in any companies mentioned. Motley Fool Singapore has recommended Apple.