Britain sanctions Georgia-linked crypto firms already under investigation in Tbilisi
As Britain's sanctions on three Georgia-registered companies made headlines on 26 May, the Georgian side of the story was already complicated. The Nat...
Apple’s iPhone, along with other foreign-branded smartphones, saw a sharp 21% decline in shipments in China this January. Economic shifts and rising competition from local brands are reshaping the market, putting pressure on international players like Apple.
Shipments of foreign-branded smartphones, including Apple’s iPhone, dropped 21% year-on-year in China during January, according to the latest data from the China Academy of Information and Communications Technology (CAICT). The decrease represents a decline in shipments to 4.398 million units, compared to 5.542 million units during the same month last year.
As the largest foreign smartphone brand in China, Apple plays a crucial role in the overall performance of foreign-branded devices. The company's sales figures significantly impact the country's smartphone market, which has been facing a general slowdown.
In addition to the drop in foreign-branded phone shipments, overall mobile phone sales in China also saw a decline of 14.3%, falling to 27.24 million units in January. This downward trend is reflective of broader challenges in the Chinese smartphone market, where competition from domestic brands remains strong.
Experts suggest that factors such as economic conditions and shifting consumer preferences could be contributing to the reduced demand for foreign-made smartphones. As the market adjusts, it remains to be seen how these trends will evolve in the coming months.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 26 May, covering the latest developments you need to know.
Iran has called Monday's U.S. strikes on it 'a gross violation' of their ceasefire. The U.S. military said it carried out defensive strikes in southern Iran after boats were seen laying mines in the Strait of Hormuz. Meanwhile, the U.S. says a peace deal may require several more days.
Shortly after nine o’clock on Tuesday morning (26 May), a sleek white train eased into Tbilisi’s central railway station, a couple of minutes behind schedule, carrying passengers from Baku for the first time since 2020.
The new AnewZ documentary, TARGET: Yerevan, builds its explosive case on exclusive, secret recordings originally published by Minval Politika.
Dozens of people were killed in Israeli strikes on Lebanon on Tuesday, Lebanese officials said, straining a fragile ceasefire agreed between the countries in April. The attacks came as Iran accused the U.S. of violating a separate ceasefire with strikes near the Strait of Hormuz.
BP has removed its chair, Albert Manifold, with immediate effect, citing concerns over governance and conduct. The company said its board had unanimously decided that Manifold should no longer serve as chair or director.
The dual-class share structure outlined in SpaceX’s initial public offering (IPO) filing, which gives chief executive Elon Musk outsized control, has reignited one of Wall Street’s longest-running debates over corporate governance.
Kevin Warsh will be sworn in as chair of the U.S. Federal Reserve on Friday as policymakers consider higher interest rates to tackle inflation linked to the Trump administration’s Iran policy.
A government-mediated agreement has suspended an 18-day walkout by about 48,000 Samsung union members, easing fears of damage to South Korea's economy and global chip supply.
Asian stocks surged on Thursday as some vessels resumed passage through the Strait of Hormuz, while forecast-beating results at Nvidia and a suspended workers' strike at Samsung Electronics lifted shares of chipmakers.
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