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Apple's initiative, in partnership with Governor Gavin Newsom, the state and community-based organizations, includes billion for an affordable housing investment fund, billion in mortgage assistance for first-time home buyers, 0 million worth of land owned by Apple for new development in San Jose and 0 million for low-income housing in the Bay Area, according to the company. The plan will be implemented over the next two years.

Appu Esthose Suresh, Senior Fellow at Atlantic Fellows for Social and Economic Equity, London School of Economics, says the lockdown will hit the poor Indians hard. 

Armed with such high-tech products as well as modern branding techniques, Chinese toy-makers are winning market share worldwide.

As Bloomberg notes, Whole Foods has a market value of more than billion, and an acquisition by Amazon would buck its purchase history, as some of its biggest buys — Twitch and Zappos — topped out at around billion.

Around 50 exhibitors and 100 local buyers attend the first pre-expo matchmaking session for consumer goods in Shanghai on Friday. [Photo by Xing Yi/chinadaily.com.cn]