Apple to make $1bn Texas bid
Apple will invest $1bn to build a second campus in North Austin, Texas, and another $10bn on new data centres over the next five years, as it aims to create 20,000 jobs in the US.
US President Donald Trump has warned of slapping tariffs on iphones and other Apple products imported from China, a major consumer market for the California-based company.
Apple’s announcement follows a promise in January to invest $30bn in the US and comes as companies with manufacturing operations outside America have been facing political pressure to ramp up investments at home ECB to stop its printing presses
The European Central Bank (ECB) is all but certain to end its lavish bond purchase scheme, but will take an increasingly dim view on growth, raising the odds that its next step in removing stimulus will be delayed.
The long-flagged end of bond buys must be irreversible for the sake of credibility, but with France and
Italy in political turmoil, Brexit in flux and growth slowing, ECB chief Mario Draghi will be keen to emphasise other forms of support.
PLANTING IN THEIR BACKYARD