China’s Huawei overtook Samsung Electronics as the world’s biggest seller of mobile phones in the second quarter of 2020, shipping 55.8 million devices compared to Samsung’s 53.7 million, according to data from research firm Canalys. While Huawei’s sales...
Asian markets mostly edged up Thursday after the Federal Reserve pledged to provide as much support as necessary to back up the US economy but trader sentiment remained clouded by a fresh wave of virus infections that threatens...
Samsung Electronics reported Thursday its net profit grew 7.3 percent year-on-year in the second quarter, with strong demand for memory chips overcoming the impact of the coronavirus pandemic on smartphone sales.The world’s biggest smartphone and memory chip maker...
Boeing suffered a bigger-than-expected loss in the latest quarter, the company announced Wednesday, and signaled additional job cuts are likely as it contends with a protracted air travel downturn amid the coronavirus pandemic.The aerospace giant, which previously suspended...
Congressional lawmakers finally got a chance Wednesday to grill the CEOs of Big Tech over their dominance and allegations of monopolistic practices that stifle competition. But it’s not clear how much they advanced their goal of bringing some...
Kse-100 index witnessed another volatile session on the last trading day of the week ahead of Eid holidays as benchmark oscillated between negative and positive territory to clock at 39,258 points after gaining 422.17 points.Stocks kick started the...
BEIJING: Huawei on Thursday overtook Samsung to become the top smartphone seller in the world, industry tracker Canalys said Thursday.Canalys said the embattled firm, which is facing US sanctions, shipped 55.8 million devices — overtaking Samsung for the first...
Rating agency Fitch on Wednesday revised its outlook on Japan’s long-term foreign currency debt rating to negative from stable, citing the sharp coronavirus-induced domestic economic contraction. “The coronavirus pandemic has caused a sharp economic contraction in Japan, despite...
Federal Reserve officials are grappling this week with the timing and scope of their next policy moves at a time when the raging viral pandemic has weakened the US economy. No major changes are likely when the Fed...
Global airlines cut their coronavirus recovery forecast on Tuesday, saying it would take until 2024 – a year longer than previously expected – for passenger traffic to return to pre-crisis levels.In an update on the pandemic’s crippling impact...

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