United News of Bangladesh

A 26-member National 5G Committee has been formed with Thailand Prime Minister Prayut Chan-o-cha as chairman to coordinate 5G development and boost the country’s digital economy.

ESCAP Sustainable Business Network (ESBN) for the 2020 Asia-Pacific Forum on Sustainable Development on Thursday pledged to put people and planet before profit to ensure that businesses are sustainable and do not lead to a depletion or pollution of the earth’s resources.

Though global smartphone sales fell down after the coronavirus outbreak, Chinese multinational technology company Vivo made a record shipments and listed in the top five smartphone brands across the world.    Vivo returned to the top five smartphone with magnificent market share, sales and growth rate and secured the third position in the 5G mobile market, the company said.    Recently International Data Corporation (IDC) has revealed this information. According to the report, South Korean company Samsung is now at the top of the global market with a 21.1 percent share while vivo is fifth with 9 percent share. Apple, Huawei and Xiaomi are also in the list.   Vivo shipped 2.9 million units of 5G phones this year. According to the Strategy Analytics report, currently 5G smartphones demand is increasing worldwide, so its shipments have crossed 25 million in the global market and right now China has the highest demand for 5G phones.    Recently, Vivo has overtaken Samsung in India and become the second-largest brand in India, which is the second-largest smartphone market in the world.   During the COVID-19 crisis, Vivo is managing its services through the hotline. Online sales are going on. The warranty period has also been extended for the convenience of the customers. Vivo’s phones are available now in Bangladesh. 

Samsung Electronics Co on Wednesday said its operating profit for the first three months of 2020 rose 3.4 percent from a year earlier driven by increasing demands for computer chips.

Google has reported lowest revenue growth in nearly five years as the pandemic-driven recession began to shrivel its advertising sales in the first quarter.

Stock markets turned higher Tuesday after a mixed session in Asia as governments inch toward letting businesses reopen and central banks step in with still more support for ailing economies. The price of oil, however, extended its losses.

The European tourism sector will need €375 billion to recover from the situation created by the coronavirus crisis, said the European Travel Commission (ETC), a European tourism organisation.

Iraq is planning painful cuts in social benefits relied on by millions of government workers. Saudi Arabia will likely have to delay mega-projects. Egypt and Lebanon face a blow as their workers in the Gulf send back less of the much-needed dollars that help keep their fragile economies afloat.

Asian stock markets gained Monday after Japan's central bank promised more asset purchases to shore up financial markets and more governments prepared to revive struggling economies by reopening businesses.

In a manic week full of previously unthinkable market moves, Wall Street ended Friday with one reminiscent of what things were like before the coronavirus outbreak upended everything.