Around the web
5 Jun 2020
The European Central Bank on Thursday said it would expand its massive bond-buying program to combat the shock from the coronavirus pandemic.
4 Jun 2020
Taiwan is dangling incentives to attract more than NT$40 billion ($1.3 billion) of annual investments in research and technology, creating a seven-year blueprint to safeguard the island's lead in semiconductors and other cutting-edge fields.
IDC expects worldwide smartphone shipments to plummet 11.9% in 2020 fueled by ongoing COVID-19 challenges (Jun 3)
The worldwide smartphone market is forecast to decline 11.9% year over year in 2020 with shipments totaling 1.2 billion units.
Other companies are canceling large conferences
3 Jun 2020
SoftBank put together a $100 million investment fund for minority-owned businesses in 24 hours (Jun 3)
SoftBank created a $100 million Opportunity Fund that will invest only in companies led by people of color.
2 Jun 2020
India launched a $6.65 billion plan on Tuesday to boost electronics manufacturing, saying it would start by offering five global smartphone makers incentives to establish or expand domestic production.
While LG Electronics is releasing the world's first 48-inch OLED TVs in June, panels for the new TVs will be supplied from LG Display's Chinese plant.
And the thinnest 5G phone ever
U.S. manufacturing activity eased off an 11-year low in May, the strongest sign yet that the worst of the economic downturn was behind as businesses reopen, though the recovery from the COVID-19 crisis could take years because of high unemployment.
1 Jun 2020
43 inches of rotating screen
India is making it more attractive for Apple and other mobile phone companies to set up production facilities in the country by adjusting the rules for its PLI scheme, a change that could allow Apple to increase manufacturing in the region.
China's factory activity grew at a slower pace in May but momentum in the services and construction sectors quickened, pointing to an uneven recovery in the world's second-largest economy as businesses emerge from coronavirus-led shutdowns.
More than 200 top UK firms and investors are calling on the government to deliver a Covid-19 recovery plan that prioritises the environment.
29 May 2020
The U.S. economy is beginning to recover from shutdowns tied to the coronavirus pandemic, Bank of America CEO Brian Moynihan told CNBC.
China's legislature has approved a proposal to impose a highly contentious national security law in Hong Kong, in an unprecedented move that critics say threatens fundamental political freedoms and civil liberties in the semi-autonomous territory.
We're also expecting the company to launch the Galaxy Fold 2 later this year, but a new patent shows that Samsung is thinking about a different take on the Fold.
Rumors suggest Sony has a digital event planned for next week
28 May 2020
President Trump has taken the extraordinary step of threatening to close down social media platforms.
Pompeo says Hong Kong is no longer autonomous from China, jeopardizing billions of dollars in trade (May 28)
Secretary of State Mike Pompeo said he certified to Congress Wednesday that Hong Kong no longer enjoys a high degree of autonomy from China -- a decision that could result in the loss of Hong Kong's special trading status with the US and threaten its standing as an international financial hub.
Millionaire investors are betting that stocks will take at least a year to regain their previous highs, according to the CNBC Millionaire Survey.
They're called the Yoga Duet 7i and IdeaPad Duet 3i