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iPhone sales are plunging. Here’s why: Apple’s smartphone sales tumbled 10% last quarter, according to market research firm IDC, as sales in China fell sharply.
cnn.com/2024/04/15/tech/iphone-sales-plunging/
iPhone sales are plunging. Here’s why
Quick Glance: iPhone sales plummet. Here's why
  • Apple’s smartphone sales dropped by 10% last quarter, primarily due to a sharp decline in sales in China.

  • Samsung had been the top smartphone manufacturer for 12 years, but Apple briefly took the top spot last year.

  • The global smartphone market is showing signs of recovery with a 7.8% increase in smartphone shipments in the first quarter of 2024.

  • Despite expectations for Apple and Samsung to maintain their market dominance, the rise of Huawei and other Chinese manufacturers like Xiaomi and OPPO/OnePlus may continue.
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Apple loses top phonemaker spot to Samsung as iPhone shipments drop, IDC says: Apple's smartphone shipments dropped about 10% in the first quarter of 2024 ...
reuters.com/technology/apple-loses-top-phonemaker-spot-samsung-iphone-shipments-drop-idc-says-2024-04-15/
Apple loses top phonemaker spot to Samsung as iPhone shipments drop ...
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OPINION | Donald Trump would be denied a federal security clearance if he tried to get one
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OPINION | Donald Trump would be denied a federal security clearance if he ...
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Lucid’s longest-range Air Grand Touring gets faster charging, 516 miles range at a lower price
electrek.co/2024/04/17/lucid-air-grand-touring-gets-516-mi-range-upgrades-price-cut/
Lucid’s longest-range Air Grand Touring gets faster charging ...
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China was supposed to be the next big thing in venture capital. Now VCs are pulling back
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China was supposed to be the next big thing in venture capital ...
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BNP Paribas to acquire Fosun's 9% stake in Belgiuan insurer Ageas: BNP Paribas has signed an agreement with China's Fosun Group to acquire its 9% stake in ...
reuters.com/markets/deals/bnp-paribas-acquire-fosuns-9-stake-belgiuan-insurer-ageas-2024-04-14/
BNP Paribas to acquire Fosun's 9% stake in Belgiuan insurer Ageas
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Cryptoverse: Hold for the halving: Could bitcoin's bumper rally just be getting started this year?
reuters.com/markets/currencies/cryptoverse-hold-halving-2024-04-16/
Cryptoverse: Hold for the halving
Quick Glance: Bitcoin Halving: Impacts and Debates
  • Bitcoin is about to undergo a halving event that may trigger a significant rally.

  • The halving effectively reduces the supply of new bitcoins, increasing their value.

  • Previous halvings led to rallies, but debates on the impact on energy consumption persist.

  • Experts speculate on the price effects, energy efficiency, and future acceptance of Bitcoin.
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There is a lack of staff at Germany's weekly markets: Weekly markets are not only a place for regional produce, but also a meeting place ...
tagesschau.de/wirtschaft/arbeitsmarkt/wochenmaerkte-handel-personal-100.html
There is a lack of staff at Germany's weekly markets
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Nigeria's Dangote refinery supplies petroleum products to local market: Nigeria's Dangote oil refinery started supplying petroleum products to the local market ...
reuters.com/markets/commodities/nigerias-oil-marketers-load-products-dangote-refinery-2024-04-02/
Nigeria's Dangote refinery supplies petroleum products to local market
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TSMC's first quarter profit rises 9%, beats forecasts: TSMC , the world's largest chipmaker and a major Apple and Nvidia supplier, forecast second-quarter sales ...
reuters.com/technology/tsmc-set-report-5-rise-first-quarter-profit-strong-ai-chip-demand-2024-04-18/
TSMC's first quarter profit rises 9%, beats forecasts
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US weekly jobless claims remain at low level: The number of Americans filing new claims for unemployment benefits was unchanged at a low level last week ...
reuters.com/world/us/us-weekly-jobless-claims-unchanged-low-levels-2024-04-18/
US weekly jobless claims remain at low level
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China to Stop Displaying Real-Time Data for Foreign Flows Into Stocks: China will soon cease displaying real-time data for flows into the world’s second-largest ...
bloomberg.com/news/articles/2024-04-15/china-to-end-live-feed-on-gauge-of-foreign-flows-into-stocks
China to Stop Displaying Real-Time Data for Foreign Flows Into Stocks
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Exclusive: Tesla scraps low-cost car plans amid fierce Chinese EV competition: Tesla has canceled the long-promised inexpensive car that investors have been ...
reuters.com/business/autos-transportation/tesla-scraps-low-cost-car-plans-amid-fierce-chinese-ev-competition-2024-04-05/
Exclusive: Tesla scraps low-cost car plans amid fierce Chinese EV ...
Quick Glance: Elon Musk to Unveil Tesla 'Robotaxi' on August 8
  • Elon Musk announced that Tesla will unveil its robotaxi on August 8, despite past promises and delays with self-driving cars.

  • Musk plans to develop a car without controls for human use and gradually enhance Tesla vehicles with Full Self-Driving capability.

  • Currently, buyers can add the Full Self-Driving feature for an additional cost, but experts note that the system is not fully autonomous yet.

  • Other companies like Waymo and Cruise are also working on autonomous ride-sharing services, despite safety concerns and incidents.
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Germany says Europe is open to Chinese cars but not at any price: German Chancellor Olaf Scholz pressed his case on Monday for an open and fair European market ...
cnn.com/2024/04/15/business/china-germany-chancellor-cars-overcapacity-hnk-intl/
Germany says Europe is open to Chinese cars but not at any price
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Bluey: Producer confirms series return amid cancellation rumours: Fans were concerned the show had ended but its producer tells the BBC it is "not the end".
bbc.com/news/entertainment-arts-68795941
Bluey: Producer confirms series return amid cancellation rumours
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Glasgow, Scotland to Beijing, China for only £435 roundtrip: Cheap flights from Glasgow, Scotland to Beijing, China for only £435 roundtrip with KLM.
secretflying.com/posts/glasgow-scotland-to-beijing-china-for-only-435-roundtrip/
Glasgow, Scotland to Beijing, China for only £435 roundtrip
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XMAS: #Oslo, Norway to Beijing, China for only €354 roundtrip with Lufthansa #Travel
secretflying.com/posts/oslo-norway-to-beijing-china-for-only-e218-roundtrip
XMAS
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Futures recover from Wall St selloff ahead of payrolls test: U.S. stocks finished higher on Friday after a strong jobs report reinforced the view that the ...
reuters.com/markets/us/futures-recover-wall-st-selloff-ahead-payrolls-test-2024-04-05/
Futures recover from Wall St selloff ahead of payrolls test
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Trump's RNC Chair Includes Ukraine in List of US Adversaries: Trump's hand-picked RNC Chair, Michael Whatley, listed Ukraine with China and Iran among aggressive ...
newsweek.com/trump-rnc-chair-whatley-says-ukraine-us-adversary-republicans-1887731
Trump's RNC Chair Includes Ukraine in List of US Adversaries
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Exclusive: Abu Dhabi Islamic Bank in talks to buy $1.1 bln stake in Indonesian lender, sources say
reuters.com/markets/deals/abu-dhabis-largest-islamic-bank-talks-buy-11-bln-stake-indonesian-lender-sources-2024-04-17/
Exclusive: Abu Dhabi Islamic Bank in talks to buy $1.1 bln stake in ...
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Vienna, Austria to Beijing, China for only €499 roundtrip: Cheap flights from Vienna, Austria to Beijing, China for only €499 roundtrip with Air France and KLM.
secretflying.com/posts/vienna-austria-beijing-china-e319-roundtrip/
Vienna, Austria to Beijing, China for only €499 roundtrip
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Focus: Czech arms maker CSG chief eyes place on global stage: Michal Strnad, who a decade ago became head of CSG, a family defence business ...
reuters.com/business/aerospace-defense/czech-arms-maker-csg-chief-eyes-place-global-stage-2024-04-14/
Focus: Czech arms maker CSG chief eyes place on global stage
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Despite $90 crude, US oil output capped by weak natgas prices: U.S. crude oil prices last week climbed to their highest this year, but a weak natural gas market ...
reuters.com/business/energy/despite-90-crude-us-oil-output-capped-by-weak-natgas-prices-2024-04-08/
Despite $90 crude, US oil output capped by weak natgas prices
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Business Class from Oslo, Norway to Beijing, China for only €1372 roundtrip (lie-flat seats)
secretflying.com/posts/business-class-from-oslo-norway-to-beijing-china-for-only-e1248-roundtrip
Business Class from Oslo, Norway to Beijing, China for only €1372 ...
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Samsung puts more workers on mobile OLEDs as China threatens its lead: Samsung Display has long been the leading supplier of mobile OLED panels across the globe ...
sammobile.com/news/samsung-puts-more-workers-on-mobile-oleds-as-china-threatens-its-lead/
Samsung puts more workers on mobile OLEDs as China threatens its lead
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UK recruiters report slowest growth in starting pay in over 3 years: Starting salaries for permanent staff grew at the slowest rate in over three years last ...
reuters.com/world/uk/uk-recruiters-report-slowest-growth-starting-pay-over-3-years-2024-04-07/
UK recruiters report slowest growth in starting pay in over 3 years
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Samsung flags 10-fold rise in first-quarter profit as chip prices recover: Samsung Electronics estimated on Friday its first-quarter operating profit would rise ...
reuters.com/technology/samsung-flags-931-rise-first-quarter-profit-chip-prices-recover-2024-04-04/
Samsung flags 10-fold rise in first-quarter profit as chip prices recover
Quick Glance: Samsung forecasts 10-fold profit surge, marking the end of chip downturn
  • Samsung expects a 10-fold increase in operating profit in the first quarter as memory chip prices recover strongly after last year's industry downturn.

  • Revenue rose by 11.4 percent to Won71tn in the first quarter compared to the previous year, while operating profit surged by 931 percent to Won6.6tn.

  • Analysts predict Samsung's chip division will achieve an operating profit of approximately Won900bn in the first quarter, compared to an operating loss of Won2.2tn in the December quarter.

  • Samsung's strong earnings have also been driven by robust sales of its latest AI-driven smartphones, allowing the company to regain the top spot in global smartphone sales in February.
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Ohio senator wants Biden to permanently ban Chinese EVs from US: The chair of the Senate Banking Committee on Thursday urged President Joe Biden to block ...
reuters.com/business/autos-transportation/ohio-senator-wants-biden-permanently-ban-chinese-evs-us-2024-04-11/
Ohio senator wants Biden to permanently ban Chinese EVs from US
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XMAS: 5* Regal Palace Hotel in Dongguan, China for only $48 USD per night: Stay at the 5* Regal Palace Hotel in Dongguan, China for only $48 USD per night over ...
secretflying.com/posts/5-regal-palace-hotel-in-dongguan-china-for-only-48-usd-per-night
XMAS: 5* Regal Palace Hotel in Dongguan, China for only $48 USD per night
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Qatar leads Gulf markets higher; Kuwait slips: The Qatar stock market ended higher on Sunday, boosted by gains in communications, energy and finance stocks ...
reuters.com/world/middle-east/qatar-leads-gulf-markets-higher-kuwait-slips-2024-04-07/
Qatar leads Gulf markets higher; Kuwait slips
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Apple supplier Foxconn sees growth in Q2 after dip in Q1 revenue: Taiwan's Foxconn , the world's largest contract electronics maker and the biggest assembler of ...
reuters.com/technology/foxconn-q1-revenue-drops-96-yy-sees-growth-q2-2024-04-05/
Apple supplier Foxconn sees growth in Q2 after dip in Q1 revenue
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Christiania: A Copenhagen hippy commune fights back against drug gangs: Locals start digging up a Copenhagen street as part of a bid to tackle drug-related crime ...
bbc.com/news/world-europe-68740282
Christiania: A Copenhagen hippy commune fights back against drug gangs
Quick Glance: Christiania's Transformation: Ending Illegal Drug Market
  • Residents of Christiania in Copenhagen aim to remove Pusher Street after decades of illegal drug trade to make way for renovations.

  • The Justice Minister sees the action as symbolically significant, emphasizing the residents' desire to create a new Christiania without a criminal drug market.

  • Having long battled authorities, residents now have the opportunity to control and renovate their land to modernize the hippie oasis.

  • The community hopes that by dismantling the street and renovating, the illegal drug trade will cease, allowing Christiania to remain a legal and alternative part of Copenhagen.
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China solar industry faces shakeout, but rock-bottom prices to persist: Consolidation in China's crowded solar power sector is pushing smaller players out of the ...
reuters.com/business/energy/china-solar-industry-faces-shakeout-rock-bottom-prices-persist-2024-04-03/
China solar industry faces shakeout, but rock-bottom prices to persist
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Swatch buyers in China hesitate over higher prices, CEO says: The Chinese market is likely to be difficult until the end of the year with consumers hesitating ...
reuters.com/business/retail-consumer/swatch-buyers-china-hesitate-over-higher-prices-ceo-says-2024-03-31/
Swatch buyers in China hesitate over higher prices, CEO says
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Non-stop from Manchester or Edinburgh, UK to Beijing, China from only £378 roundtrip
secretflying.com/posts/edinburgh-or-manchester-uk-to-beijing-china-from-only-373-roundtrip
Non-stop from Manchester or Edinburgh, UK to Beijing, China from only £378 ...
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Rivian misses production estimates as EV maker shifts to new supply chain: Rivian Automotive missed market estimates for quarterly production on Tuesday ...
reuters.com/business/autos-transportation/rivian-misses-production-estimates-ev-maker-shifts-new-supply-chain-2024-04-02/
Rivian misses production estimates as EV maker shifts to new supply chain
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Volkswagen EVs 'can't keep up' in China, CEO tells newspaper: Volkswagen wants to avoid setting
reuters.com/business/autos-transportation/volkswagen-evs-cant-keep-up-china-ceo-tells-newspaper-2024-04-05/
Volkswagen EVs 'can't keep up' in China, CEO tells newspaper
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Grave robbers tap 'alien' fascination with Peru's ancient mummies: Leandro Rivera says he chanced upon the cave in Peru's remote Nazca region that contained ...
reuters.com/world/americas/alien-fever-dreams-fuel-peruvian-grave-robbings-2024-04-06/
Grave robbers tap 'alien' fascination with Peru's ancient mummies
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Chinese Accounts Posing as Trump Fans Ahead of 2024 Election: Report: One reportedly accused President Biden of being a Satanist pedophile.
thedailybeast.com/chinese-accounts-posing-as-trump-fans-ahead-of-2024-election-report
Chinese Accounts Posing as Trump Fans Ahead of 2024 Election: Report
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US layoffs reach 14-month high amid government, tech cutbacks: U.S. layoff announcements rose 7% in March to the highest since January 2023 ...
reuters.com/markets/us/us-layoffs-reach-14-month-high-amid-government-tech-cutbacks-2024-04-04/
US layoffs reach 14-month high amid government, tech cutbacks
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China’s internet giants snap up their own shares to boost flagging stock market value
cnn.com/2024/04/03/tech/china-internet-giants-record-buyback-intl-hnk/
China’s internet giants snap up their own shares to boost flagging stock ...
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UK house prices fall for first time in six months: Prices fell in March with higher mortgage rates affecting affordability, the Halifax says
bbc.com/news/articles/cz9zle1973xo
UK house prices fall for first time in six months
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China EV maker Nio urges openness in US speech amid tensions: Chinese electric vehicle (EV) maker Nio's founder called for openness in a rare speech in the ...
reuters.com/business/autos-transportation/china-ev-maker-nio-urges-openness-us-speech-amid-tensions-2024-04-14/
China EV maker Nio urges openness in US speech amid tensions
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China's oil majors face uphill climb to adapt to EV future: Tucked away on a side road in suburban Beijing, the Xiaowuji battery charging station opened by ...
reuters.com/world/china/chinas-oil-majors-face-uphill-climb-adapt-ev-future-2024-04-01/
China's oil majors face uphill climb to adapt to EV future
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Samsung becomes No. 1 digital signage manufacturer for 15th consecutive year: Samsung has announced that according to a new market analysis by Omdia ...
sammobile.com/news/samsung-becomes-no-1-digital-signage-manufacturer-15th-consecutive-year/
Samsung becomes No. 1 digital signage manufacturer for 15th consecutive ...
Quick Glance: Samsung Executives: New Work Schedule and Economic Challenges
  • Samsung Group is introducing a six-day workweek for executives in response to economic challenges and disappointing results in 2023.

  • The sudden change aims to create a sense of urgency and promote efforts to overcome the situation. The new work schedule takes effect immediately in most of Samsung's technology divisions.

  • The work culture in South Korea is renowned for its intensity. In 2022, the average worker spent 1,901 hours at work.

  • Recent data shows that Samsung has regained the top position in global smartphone shipments. First-quarter 2024 results are expected on April 30.
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ESG: Unilever Scales Back Sustainability Goals: CEO Hein Schumacher is scaling back some commitments on plastics and diversity against a backdrop of wider ...
bloomberg.com/news/features/2024-04-19/esg-unilever-scales-back-sustainability-goals
ESG: Unilever Scales Back Sustainability Goals
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Norway's trillion dollar wealth fund posts 107 billion dollar first quarter gain: Norway's sovereign wealth fund, the world's largest, posted a gain of ...
thelocal.no/20240418/norways-trillion-dollar-wealth-fund-posts-107-billion-dollar-first-quarter-gain
Norway's trillion dollar wealth fund posts 107 billion dollar first ...
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Your morning coffee may be hundreds of thousands of years old: Using genes from coffee plants around the world, researchers built a family tree for the world’s ...
cleveland.com/entertainment/2024/04/your-morning-coffee-may-be-hundreds-of-thousands-of-years-old.html
Your morning coffee may be hundreds of thousands of years old
Quick Glance: Coffee Origins Revealed: Genome Study Uncovers Ethiopian Roots
  • Researchers unlocked the genome of Arabica coffee species, tracing its origins to a natural mating over 600,000 years ago in Ethiopia.

  • The study revealed Arabica's low genetic diversity and susceptibility to pests and diseases, limiting its cultivation locations.

  • The findings could lead to new breeding approaches in coffee to develop varieties with enhanced resistance to diseases and climate changes.

  • Arabica formed as a natural hybridization between parent species Coffea canephora and Coffea eugenioides, mainly used for global coffee production.
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Nvidia, Chip Stocks Drop Into Correction as Rate Bets Shift: A gauge of global chip stocks and AI bellwether Nvidia Corp. have fallen together into a technical ...
bloomberg.com/news/articles/2024-04-18/chips-stocks-fall-into-correction-on-rates-china-demand-worries
Nvidia, Chip Stocks Drop Into Correction as Rate Bets Shift
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Ping An Trust delays repayment, citing China property market woes: A subsidiary of China's Ping An Insurance failed to repay a roughly $107 million trust product ...
reuters.com/world/china/ping-an-trust-delays-repayment-citing-china-property-market-woes-2024-04-11/
Ping An Trust delays repayment, citing China property market woes
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Microsoft-OpenAI deal set to dodge formal EU merger probe, sources say: EU antitrust regulators have concluded that Microsoft's $13 billion investment into ...
reuters.com/technology/microsofts-13-bln-openai-deal-avoid-formal-eu-probe-bloomberg-news-reports-2024-04-17/
Microsoft-OpenAI deal set to dodge formal EU merger probe, sources say
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Fallout TV show finale answers long-running series mystery: Amazon's Fallout TV show released in its entirety last week, and in doing so answered one of the ...
eurogamer.net/fallout-tv-show-finale-answers-long-running-series-mystery
Fallout TV show finale answers long-running series mystery
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China Vanke Seeks to Sell 21.4% Stake in Logistics Operator GLP: China Vanke Co. is seeking to sell its entire stake in logistics firm GLP Pte ...
bloomberg.com/news/articles/2024-04-17/china-vanke-seeks-to-sell-21-4-stake-in-logistics-operator-glp
China Vanke Seeks to Sell 21.4% Stake in Logistics Operator GLP