Huawei overtakes Samsung as top smartphone seller: report

13 Sept 10:38 Key points summarised by AI

Huawei surpassed Samsung as the world's leading smartphone seller in Q2 2020, shipping 55.8 million devices.
This surge was driven by Huawei's robust performance in its home market, China, which experienced a faster economic recovery from the coronavirus pandemic.
Samsung's sales plummeted 30% to 53.7 million units, as its core markets like the U.S. and Europe were heavily impacted by COVID-19 lockdowns.
Despite U.S. sanctions limiting its international business due to the absence of Google apps, Huawei's domestic dominance (70% of sales in China) propelled its rise.
Analysts suggest Huawei's top position may be temporary as global economies recover and wireless carriers remain cautious about its devices.

New home loan scheme aims to boost property sector with Bt125 billion

Today 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.