Apple launched its latest iPhone on Tuesday during an event at its California headquarters, highlighting the device’s new features such as a USB charging port and a titanium lining. The company is diversifying its supply chain away from China by increasing the number of smartphones made in India. Also in this edition, a traffic jam is forming at the entrance of the Panama Canal as passage has been restricted to conserve water.
Apple's market value has tumbled by some $200 billion in the wake of reports that Beijing has banned iPhones among government employees. We take a closer look. Also, Chinese car manufacturers make inroads into the European market, and New York City cracks down on Airbnb.