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Samsung Electronics forecasts profits jump despite virus

Samsung Electronics forecast a 23-percent rise in second-quarter operating profit Tuesday, with strong demand for memory chips and displays overcoming the impact of the coronavirus pandemic on smartphone sales.

The world’s biggest smartphone and memory chip maker said in an earnings estimate that it expected operating profit to be 8.1 trillion won ($6.8 billion) for April-June, up from 6.6 trillion won in the same period last year.

The prediction was far ahead of analyst forecasts of a single-digit decline.Lockdowns imposed around the world in the face of the coronavirus pandemic, especially in Europe and the United States, have boosted Samsung’s chip business with data centres moving to stockpile DRAM chips to meet surging demand for online activities.

“The earnings surprise seems to have stemmed from Samsung’s memory chip sector,” said Park Jin-suk of market observer Counterpoint, pointing to “increased demand for memory chips for PCs and a continuing rise in DRAM chip prices”.

Similarly TV sales, which have been on a long-term decline, were “moving upward as people spend more time at home, leading to increased demand”, said James Kang, an analyst at market observer Euromonitor International Korea.

But Samsung also predicted overall sales in the second quarter would be down by 7.3 percent from a year earlier.

The firm is the world’s largest smartphone maker, accounting for 20 percent of global market share in the first quarter, ahead of China’s Huawei with 17 percent and Apple on 14 percent, according to Counterpoint.

Global smartphone sales slumped more than 20 percent year-on-year in the first quarter, their worst performance ever, according to market tracker Gartner, as the pandemic hit consumer spending and sparked widespread economic uncertainty.

Samsung attributed the estimated operating profits rise to a one-off profit generated from its display division, without offering details.

Border boost 

Looking forward, analysts expect the firm’s smartphone and television businesses to improve, with mobile sales growing as restrictions are lifted in some parts of the world.

Smartphone “sales in the US and Europe showed signs of improvement from late in second quarter”, said Park.

“Going into the third quarter, we expect the sales figure to rise,” he added, predicting smartphone sales in the “low 70 millions” for July-September.

A recent military brawl between India and China also could play in Samsung’s favour, Kang said, if Indian consumers choose Samsung devices over Chinese firms amid heightened nationalistic sentiment against Beijing.

Samsung Electronics is crucial to South Korea’s economic health.

It is the flagship subsidiary of the giant Samsung group, by far the largest of the family-controlled conglomerates known as chaebols that dominate business in the world’s 12th-largest economy.

Its overall turnover is equivalent to a fifth of the national gross domestic product.

Despite the positive forecast, Samsung Electronics shares were down 0.9 percent in morning trade Tuesday, having fallen more than 13 percent from a record high in January amid concerns over the coronavirus and its economic repercussions.

Vice chairman and de facto leader Lee Jae-yong is currently being retried over a sprawling corruption scandal that could see him return to prison.

He is not being held in custody during the proceedings, but a guilty verdict could deprive the firm of its top decision-maker.

Samsung withholds net profit and sector-by-sector business performance data until it releases its final earnings report, expected later this month.

Pakistan offers condolences to Turkey

ISLAMABAD (DNA)- The government and people of Pakistan would like to convey their heartfelt condolences to the government and people of Turkey on the loss of lives and injuries to many as a result of explosion at the fireworks factory in the Sakarya province.

Our thoughts and prayers are with the victims of this tragedy and their families. We also pray for the quickest recovery of the injured.

As always we share the pain of our Turkish brothers and sisters and stand by them in this hour of grief.

2,691 coronavirus cases, 77 deaths reported in country in past 24 hours

ISLAMABAD: The country reported 2,691 coronavirus cases and 77 deaths over the past 24 hours, pushing the national tally of infections to 234,508 and casualties to 4,839.

2,691 new cases were detected when 24,577 tests were conducted in the previous 24 hours, according to the National Command and Operation Centre.

94,713 COVID-19 patients are undergoing treatment while 134,957 patients have recuperated from the disease thus far. A total of 4,975 patients are under treatment at 732 hospitals across the country, 439 of which are on ventilators.96,236 cases have been detected in Sindh so far, 82,669 in Punjab, 28,236 in Khyber Pakhtunkhwa, 10,841  in Balochistan, 13, 494 in Islamabad, 1,383 in Azad Jammu and Kashmir and 1,587 in Gilgit Baltistan.

Global coronavirus cases

The number of coronavirus cases across the world has surpassed over 11.7 million while the pandemic has so far claimed more than 540,000 lives.

The United States tops both in number of cases and deaths with over three million cases and more than 132,000 deaths followed by Brazil with over 1.6 million cases and more than 65,000 deaths.

Over 6.5 million patients have so far recovered from the disease across the world.

Modi’s comic claim to victory

Iqbal Khan

On June 28, Prime Minister Modi declared victory over China. His June 19 statement had already hinted at all pervasive preservation of sanctity of Line of Actual Control (LAC); that according to him had not be disturbed. His “Victory Declaration” was pegged around “20 brave soldiers” giving“befitting reply” claiming as if India had won the tactical battle.

Infact Chinese never envisioned or fought a tactical battle. According to Modi’s earlier statement there was Chinese incursion across Indian side of the LAC. So why is he indulging in hate mongering against china? Latest act of banning over 59 Chinese Apps adds to earlier frenzy of breaking Chinese TV sets. Most Indians live in delusion, so such gimmicks are aimed at strengthening such public delusions—a perceptive win.

In an interesting development, US Secretary of State Mike Pompeo has cited Chinese threat to India and Southeast Asian countries, likeVietnam, Indonesia, Malaysia, Philippines, and the South China Sea, as one of the reasons the US is shifting its troops from Europe.He said so while responding to a question when he spoke at the Virtual Brussels Forum on June 25. He added that the US military is “postured appropriately” to meet these “challenges of our time.”According to Pompeo,President Donald Trump’s administration had carried out a fundamental relook at the threats it faced and how it should allocate its military resources, including intelligence and cyber.Speaking about the Chinese threat, he cited the violent border confrontation with India, China’s increasing activities in the South China Sea, and its predatory economic policies as evidence.Of these, the US is actually worried about the economy part.

Will the US really send its armada to fight India’s war? No, Never! Even Trump is not stupid enough to fight a direct military confrontation with China. However, it may employ some expandable proxies for getting the beating. Will India fight America’s war against China? No, Never! Modi is not Nehru! Will China go for an all-out war with any country? No, Never.Cardinal mistake on the global chess board has been America’s selection of a nuclear proxy—India— to take on a stronger and a bigger nuclear power— China.  Indo-US strategic clock got stuck somewhere in the 1960s.

Indian Chief of Defence Staff General Bipin Rawat has messed up handling of China-India tiff in Ladakh so much that it’s interesting to observe that most of retired Indian generals want war with China and most of serving ones want to retire before that war!. While the war may already be over; only Rawat is unable to perceive that. Prime Minister Narendra Modi has realized the consequences and is busy in damage reduction through denial, in fact he is in a state of mental paralysis.

Of late, India’s former foreign secretary Nirupama Rao has been sharply critical of Indian government’s overall communication on the India-China situation;whatIndia has ended up with is “a compounding of confusion.” Rao said she was very concerned about this.During an interview, Rao spent a lot of time talking about the impact of the India-China tussle on India’s image in the South Asian neighbourhood. Calling it “a very dark hour”, she said the outcome was “a great blow to our prestige in the neighbourhood”. She distressingly added: “I grieve for India”. Rao said India needs to rethink its neighbourhood policy which, at the moment, she said was in “shambles”. She said “we need to be more generous, more giving”.Rao put a lot of stress on the need to improve relations with Pakistan. She said there was a need “to reopen the channels for communications”. She added we need to “dissect what went wrong in our Pakistan policy”.

Rhetoric by India’s Home Minister to reclaim parts of Chinese territory,meant forhome consumption, led to pre-emptive action by China.By “inventing” a rhetorical position around the issue of Aksai Chin, a territory India may never have intended to take back by force from China, New Delhi aggravated the existing Chinese sensitivities on it.India ignited the matter by annexing its already occupied portion of Kashmir on August 05 and bifurcating it into two union territories. India also laid claims on Chinese & Pakistani areas of Aski Chin and Azad Jummu & Kashmir and threatened to capture these by force; and hence violated the UN Charter.

Rao said government communication must be “more precise and less ambiguous”. She added “every word is weighed carefully”. As she put it, it’s “masticated, there is no doubt about what is being said, there is no ambiguity”.In a 41-minute interview to Karan Thapar for The Wire, Rao, said the PMO must clarify what it means by the phrase “across the LAC (Line of Actual Control)”. Rao criticised calls to boycott Chinese goods as well as the public breaking and throwing of Chinese television sets.

On side-lines of Victory Day Parade, India urged Russia to expedite delivery of Fighter planes, S-400 Missile system and other already ordered war munitions, keeping in view ongoing China-India tensions in Ladakh. However, Russia has conveyed to India that it would be difficult for her to out-rightly side with her in its conflict with China.

Russian Foreign Minister Sergei Lavrov said on June 23 at a virtual meeting of RIC (Russia-India-China) foreign ministers: “I don’t think India and China need any help from outside. I don’t think they need to be helped, especially when it comes to country issues. They can solve them on their own.”

In India, these are rough times for the sane voices. India’s jingoistic media strategy is in disarray, it continues to make rash and irresponsible calls for teaching China a lesson. Government is striving to construct a fake narrative through anchors on retainer ship, and doesn’t want anyone to challenge it.Those attempting to put up factual position are being coerced.

China being more powerful, controls the dynamics of crisis termination, while India has no choice but to keep ceding space. Likely End-State of crisis: There would be no worthwhile war. Territory taken by China will stay with China, and 1993 LAC alongside all agreements signed in 1996, 2005, 2012, and 2013 would not be worth the paper each is written on.And vacation of Siachen by India occupation forces is only a matter of time. Longer the crisis prolongs, more precarious would keep evolving India’s position.

China remains the winner as long as PLA is camped on Indian side of LAC.The PLA has capability to end war decisively in its favour without loss of its soldiers. No credible analyst expected the PLA to start a shooting war with India.Modi Era is a carefully scripted drama to fool its domestic audience, even in the presence of satellite imagery.

Since Modi’s arrival to PM House, every crisis has two sides: perception— India wins; reality —the other side wins. And in the process India is losing respect, within and outside. Now as consolidation measure to Modi style victory we eagerly wait for a Bolly Wood movie themed on a hunter carrying Lady Major of India army single handily beating a hell out of Chinese brigades!

Writer is a freelance contributor; e-mail: [email protected]

Sopore: Indian barbarity at peak

Farooq Alay

The horrific incident of July 1, 2020 in Sopore has shocked the world. The brute Indian forces shot a 65-year-old man dead in front of his three-year-old grandson, who was accompanying him in the middle of town where they had come to draw a cheque from the bank.The goons in uniform dragged Bashir Ahmed Khan out, shot him several times and did not stop here. They threw his grandson on his dead body and snapped photographs to send across through social media, making mockery of the misery of that senior citizen lying dead in the pool of blood.

This incident has really shocked the world, the heads may kneel in shame, but the question is whether the world community will condemn India and Modi’s fascist government that, analysts believe, is deliberately committing such incidents which are aimed at diverting world’s attention from New Delhi’s embarrassment at the hands of the Chinese in Ladakh and Galwan. The picture went viral on social media like a jungle fire and has drawn widespread hatred against the brute Indian forces and the barbaric Modi government. The picture staged in a way to mock the misery of the child wailing on the blood stained corpse of his grandfather is not just a heart wrenching sight, but it is a killing pain in the heart.

Thousands of enraged people in Occupied Kashmir staged widespread protests on July 1 against the killing of innocent elderly man, whose grandson was later left badly weeping and wailing helplessly sitting on Bashir Ahmed Khan’s dead body, dazed and traumatized.  The forces, according to eyewitnesses, dragged the elderly man out of his car and shot him dead, leaving his body in pool of blood. Later, the troopers in uniform put the child on his chest as the grandfather lay dead on the road; they took photographs to make the mockery of his corpse. The toddler was accompanying his grandfather for drawing cash from a bank situated in the heart ofSorpore town. Later, in the afternoon, hundreds of Kashmiris gathered at the old man’s funeral, chanting slogans of “We want freedom.”

Bashir Ahmed Khan’s daughter said that her father had gone to the bank to cash a cheque and on the way he was dragged out of his car and then shot in cold blood. Without naming anyone, she said her father’s killers did not care about the 3-year-old child who was accompanying him. “Who shoots a person in front of a 3-year-old kid?”, she asked in deep anguish. The victim’s wife said thather 3-year-old grandson was deliberately made to sit on the corpse of her husband. “My brother was not a militant. He did not carry a gun. Why was he killed?”, asked Nazir Ahmad, the brother of victim Bashir Ahmed. “If you want, I can come with you to meet the top police officers to counter their claims.”

“We received a call that my father had met with an accident,” Bashir’s son, Suhail said. “When we reached Sopore, we were told he was killed in a crossfire. If it was a crossfire, his body should’ve been inside the car, but it was found on the road.”Aijaz Ahmad Qudsi, Bashir Ahmed’s nephew, told Anadolu Agency that his deceased uncle’s car was unharmed, with not even a scratch. He claimed that the 65-year-old was dragged out from his car and then shot by the armed forces. The family members also accused the security forces of putting the child on the deceased civilian’s body “for taking pictures”. “They dragged the body out and put the child on top. The child’s clothes were drenched in his grandfather’s blood”. The family said the man was a small-time employee who earned Rs 6,000 per month.

The incident echoed the killing of 12-year-old Palestinian child Muhammad al Durra in September 2000, whose father, Jamal al Durra, tried his best to shield him from Israeli gunfire, taking several injuries. The boy’s killers were never brought to justice but the photograph of young Durra screaming behind his father remained etched in the memory of almost every Palestinian.

Reacting to the July 1 Sopore incident, Amnesty India said that the security forces had violated the law by disclosing the identity of the minor. “It is also a breach of the ‘best interests of the child’ principle as required to be the basis of any action by authorities under the Convention on the Rights of the Child, to which India is a state party.” Foreign Minister Shah Mehmood Qureshi said that the image of the three-year-old sitting on his grandfather’s “lifeless, bullet-ridden body” exposed the real face of Narendra Modi’s “fascist India”. Leader of the oppositionShehbaz Sharif also condemned the killing. In a tweet, he said: Widespread human rights abuses by fascist Modi government constitute an acid test for the international community.” Tweeting the picture of the deceased’s grandson sitting on his chest, Pakistan FO spokesperson Aisha Farooqui said she was “searching for words to describe (…) the grief and helplessness of the Kashmiri people.”Terming killing of a civilian right in front of his 3-year-old grandson by the Indian forcesas a chilling reminder of Nazi oppression, senior vice chairman Jammu Kashmir National Front Altaf Hussain Wani said that the soul-wrenching photo of atoddler crying on the chest of his dead grandfather speaks volumes about India’sfascism and its racial undercurrents.

The world felt the pain and anger of the Kashmiris and cited against this horrific incident. Kashmiris have been suffering at the hands of Indians for a long time. The decades of brutality and human rights violations are unimaginable and inconceivable. As hundreds of children lay blinded by the pallet guns, this incident adds fuel to the already igniting fire of freedom for the Kashmiris. Oppressed and tortured Kashmir is driving India to a point of no return. As Nazi inspired Indian government gets bolder in its brutality against Kashmiris, India is gradually being compelled into isolation for the crimes against humanity. It is about time that India is brought to answer for the innocent blood spilled in Kashmir and the decades of atrocious and bare barbaric are accounted for.

(The writer is freelance columnist based in Islamabad)

FBR has once again shed blood on the future of children, Sanaullah Ghman

DNA

RAWALPINDI, JULY 6 – General Secretary Pakistan National Heart Association (PANHA) Sanaullah Ghman has said that imposition of 25% tax on e-cigarettes by the Federal Board of Revenue (FBR) means issuing freedom to the concerned companies on sale of cigarettes, which we condemn.

Speaking to reporters, Sanaullah Ghman said that e-cigarettes are more dangerous than other cigarettes, adding that the use of e-cigarettes affects the brain development of the younger generation. According to research, toxins found in e-cigarette flavors adversely affect human health.

Research by experts from the University of Research Medical Center has found that cinnamon, vanilla and oily flavors in e-cigarettes are the most dangerous, rapidly destroying white blood cells in the human body. There is also evidence of cancer caused by the chemical found in the said flavors.

Sanaullah Ghman said that the Supreme Court has banned glass while e-cigarettes also fall into this category. Cigarettes attack human health in combination with various toxic chemicals, including nicotine.

India and the United States have banned the use of e-cigarettes. On the one hand, we do not lose a match to India. Sanaullah Ghman said that on December 3, 2019, more than 200 health professionals from Panah appealed to Prime Minister Imran Khan that e-cigarettes are more dangerous than other cigarettes, ban it, save our lives. While the FBR is taxing and giving e-cigarette traders a legal way to impose taxes, because imposing a tax clearly means that you are allowing the use of e-cigarettes, we appeal that this decision Return immediately and save the future of our young generation from ruin.

PPP to adopt aggressive media policy against PTI govt

LAHORE, JULY 06(DNA) –   Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari has decided to adopt an aggressive media policy against the Pakistan Tehreek-e-Insaf (PTI) led government.

According to sources, Bilawal Bhutto had chaired a video link meeting on media strategy in which the important leaders of the PPP from across the country participated.

The meeting was specially attended by the Information Secretary of the Central and Provincial Organizations, the most senior leaders of the party and the leaders representing the party in talk shows.

According to a private television channel, it was agreed in the PPP meeting that in order to highlight the problems of the people and the failures of the government, it is necessary to adopt an aggressive approach instead of a defensive one. = DNA

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Conflict of interest investigation launched against India captain Virat Kohli

India captain Virat Kohli faces an inquiry into a potential conflict of interest over his positions in two business ventures. DK Jain, ethics officer for the Board of Control for Cricket in India (BCCI), said late Sunday that a complaint by a state association member will be examined.

Sanjeev Gupta, a member of the Madhya Pradesh Cricket Association, has alleged that Kohli’s various posts are in violation of the BCCI rules that bar an individual from holding multiple positions.

“I have received a complaint. I will examine it and then see if the case is made out or not,” Jain was quoted as saying by the Indian media. “If yes, then I have to afford an opportunity to him (Kohli) to respond.”

Gupta said that Kohli’s co-directors at Virat Kohli Sports (LLP) and Cornerstone Venture Partners (LLP) were also directors in Cornerstone Sport and Entertainment Private Limited, a talent agency that contracts Indian cricketers and handles their branding and commercial interests.

Gupta had previously filed conflict of interest complaints against Sachin Tendulkar, VVS Laxman and Rahul Dravid.

All the three former players were served notices based on the complaints, but they were eventually cleared.

Huawei Pakistan holds ecosystem partner summit on development of Wifi-6, 5G

DNA

Islamabad, Pakistan, 6 July 2020 — The Huawei Pakistan Ecosystem Partner Summit 2020 was held under the theme of “Win Together” virtually. All Huawei partners across Pakistan joined the event, exchanged success stories and explored new business opportunities in a Win-Win Ecosystem. The summit focused on future strategies, policies and incentives programs with a theme to Win Together. It also demonstrated how the development of Wi-Fi 6, 5G, and AI technologies are enabling significant advancement in the application, network, and coverage of enterprise campuses.

The Summit started with the CEO Huawei Pakistan Mark Meng explaining how Partners help them to grow and build a fully connected intelligent world. Mr. Mark Meng said:

“In this era of change and uncertainty, Huawei can provide unique value to our partners and customers. With our end-to-end ICT infrastructure portfolio, rich experience accumulated from our operations in more than 170 countries, and our continuous investment 10% of revenue into R&D, We are able to make sure our products and solutions are in leading position”.

Gao Weijie, MD EBG, Huawei Technologies Pakistan explained how we can grow as a team through internal collaboration and external trust. Huawei enterprise business group launched two remarkable solutions “HoloSens IVS 1800” & “Huawei IdeaHub” to leverage innovative technologies to help partners and customers cope with the challenges due to the pandemic. 5G and AI being the backbone of Huawei Product & Solution Development, Mr. Shahzad Rasheed, CTO, EBG, Huawei Technologies Pakistan, talked about how Huawei is the pioneer in this ever-changing world of ICT technologies and how Huawei is leading the era of Digital Transformation.

Today, Huawei has more than 50 partners working in Pakistan. Mr. Shan Xiaoping, the Director of Huawei Channel Business Department, explained about the Huawei channel policies and incentive programs for the partners in 2020. He talked about the continuous investment in by Huawei for its Partners through comprehensive training can help to grow business together. Few partners shared their success stories about how they have improved business while working with Huawei.

The event reached a specific targeted audience of over180 experts across Pakistan who joined the live Webcast. Huawei believes that, long-term success is dependent on the success of its partners and customers.

The event ended with “2019 Outstanding performance Award” included four different categories Distributor Award, Professional Capability Awards, Excellent Individual Award and Excellent Partner Award.

Mr. David Shi, the President for the Enterprise Business Group, Huawei Middle East concluded the summit saying:

“I would like to take this opportunity to say thank you to all of our partners in Pakistan. Despite all kinds of challenges, together we have done a great job last year. Especially in Pakistan, our partners have stood firm with Huawei and trusted on our ability to sustain supply, delivery, and services for our customers. We believe that collaboration leads to shared success and builds the foundation for sustainable development. It is the only way forward and we will continue to develop a healthy, win-win ecosystem.”

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