This is the second time in 10 years that sales have fallen below 100 million. Smartphone sales fell again in May after the pandemic in 2020. Counterpoint Research reports May smartphone sales of 96 million. Smartphone sales fell again in May after the pandemic in 2020. This is the second time in 10 years that … Read more
Calls for more control and better security in the sector. Which has been hit hard by the regulatory crackdown. Chinese tech stocks have seen value wiped off hundreds of billions of dollars in market value. A high-level China government conference convened by President Xi Jinping has urged more control and better security in financial technology, … Read more
Global stock markets and oil prices rose on Monday. Saudi Arabia has raised the price of the oil it sells to Asia. UK pound was higher heading into the confidence vote on Johnson’s leadership. Global stock markets and oil prices rose on Monday, aided by a reduction in Covid lockdowns in China, the world’s second-largest … Read more
Covid lockdowns in China push Airbnb to shut down Airbnb is closing down its homegrown rentals in China, where a “zero-Covid” strategy has implied lockdowns are continuous. All postings for homes and encounters in the nation will be taken out from the organization’s site by summer, a source acquainted with the matter told the BBC. … Read more
Hong Kong shares closed better Tuesday after it led a rally throughout Asian markets over the hopes of Shanghai gradually reopening corporations after weeks of Covid lockdowns. The Hang Seng rose 3.27 percent, or 652.31 points, to 20,602.52 The Shanghai Composite Index also rose 0.65 percent, or 19.95 factors, to a few,093.70, at the same time as … Read more
The Federal Reserve on Wednesday made its largest rate hike since 2000 with a half percentage factor increase meant to crush hovering inflation inside the United States. After a quarter-point hike in March, the US imperative bank’s coverage-putting Federal Open Market Committee (FOMC) drove the rate above 0.75 percentage because it works to chill the … Read more
The International Energy Agency said Wednesday that global oil demand this year will be slightly lower than forecast because of strict Covid lockdowns in China, the world’s largest crude importer. Russian oil production is expected to drop by 1.5 million barrels per day in April as a result of Russia’s invasion of Ukraine, according to … Read more
LONDON: Britain’s unemployment rate has fallen below four percent to reach its pre-pandemic level, official data showed Tuesday. The UK unemployment rate dropped to 3.9 percent in the three months to the end of January from 4.1 percent in the final quarter of last year, “returning to pre-coronavirus pandemic levels”, the Office for National Statistics … Read more
LONDON: British annual inflation accelerated in December to its highest level for almost three decades, official data showed on Wednesday, fuelled by price gains for clothing, food and furniture. The rate hit 5.4 per cent last month after striking a decade-high in November on jumping fuel costs, the Office for National Statistics said in a statement. … Read more
