Markets

Smartphone market recovered in 2024 after 2 years of decline

Arnold Pinto 12/02/2025 0

Led by Samsung and Apple Global smartphone sales increased 4% year over year in 2024, marking a significant recovery after two years of decline. According to Counterpoint Research’s Market Pulse, the market bounced back after its weakest performance in a decade in 2023, driven by improving

Business Markets

India’s smartphone market posts 9% revenue growth in 2024

Arnold Pinto 31/01/2025 0

Driven by premium segment According to Counterpoint’s Monthly India Smartphone Tracker, the Indian smartphone market saw a significant surge in wholesale revenue in 2024, reaching a record high with a 9% year-on-year (YoY) increase. Despite a modest 1% YoY shipment increase, totalling 153 million units, the market shifted towards more expensive devices, driving up

Markets

US imposes visa restrictions on Colombian government officials

Arnold Pinto 28/01/2025 0

Following repatriation flights dispute US Secretary of State Marco Rubio has authorised a series of visa restrictions on Colombian government officials and their immediate family members in response to the country’s refusal to accept repatriation flights for its citizens. The move follows a diplomatic dispute in which Colombian President Gustavo Petro withdrew his

Markets

Offline versus online promotional media

News Desk 2 27/01/2025 0

Which drives better consumer engagement? In an era dominated by digital marketing, businesses increasingly turn to online platforms like mobile apps, social media, and direct email to reach consumers. However, recent research suggests that traditional offline marketing techniques like printed coupons might still have a significant edge in driving consumer behaviour. A team

Markets Travel

UN Tourism and CAF to promote regional tourism in the Americas

News Desk 2 23/01/2025 0

MoU signed in Madrid The United Nations World Tourism Organization (UNWTO) has entered into a new collaboration with the Development Bank of Latin America and the Caribbean (CAF). The partnership promotes Latin America’s rich tourism potential while fostering sustainable development. UNWTO Secretary-General Zurab Pololikashvili and CAF Executive President Sergio

Markets

Donald Trump vows to defend the United States

News Desk 2 22/01/2025 0

At his inaugural ceremony In his inaugural address on January 20, 2025, President Donald J. Trump reaffirmed his commitment to defending the United States. He declared that his top priority as commander-in-chief would be protecting the country from external threats and invasions. “As Commander-in-Chief, I have no higher responsibility than to defend our country from

Automotive Markets

China extends vehicle trade-in policy in 2025

Arnold Pinto 19/01/2025 0

To boost the country’s EV sales China has extended its vehicle trade-in subsidy scheme into 2025, renewing a crucial incentive to further the adoption of electric vehicles (EVs). The previous policy expired at the end of 2024. The trade-in scheme, which remains the final Chinese government-backed subsidy for EVs, is part of a broader effort […]

Crypto Markets

Chainalysis says organised crime is using crypto for illicit activities

Arnold Pinto 17/01/2025 0

Rise in crypto crime a concern With cryptocurrency adoption rising globally, recent data shows a disturbing surge in crypto crime. According to Chainalysis’ 2024 Crypto Crime Report, illicit addresses received approximately $40.9 billion in 2024. This figure is expected to grow to $51 billion as further criminal activity is uncovered. Despite this alarming statistic,

Business Markets

WEF: Global labour market is poised for a significant change

Arnold Pinto 10/01/2025 0

Mainly driven by tech advancements The latest edition of the Future of Jobs Report, released by the World Economic Forum (WEF), shows that the global labour market is poised for significant change. By 2030, 22% of jobs are expected to undergo disruption, with a net gain of 78 million roles set to emerge from the […]

Business Markets

Global VR headset shipments fell in Q3 2024

Arnold Pinto 04/01/2025 0

AR and AI technologies show promise Global shipments of Virtual Reality (VR) headsets fell by 4% year-on-year (YoY) and 16% quarter-on-quarter (QoQ) in the third quarter of 2024, marking the market’s third consecutive quarter of declines. This trend reflects a growing challenge within the VR market, as demand for tethered VR headsets dropped by 50% […]

Markets

OTT business messaging revenue to hit $3.7bn in 2025

Arnold Pinto 28/12/2024 0

Infobip, Gupshup, Twilio dominate A new study has revealed that global Over-the-Top (OTT) business messaging revenue is set to surge, growing from $2.4 billion in 2024 to $3.7 billion in 2025. Despite this promising expansion, the market is expected to face significant disruption from emerging technologies that will enhance user experiences. Notably, click-to-chat ads are

Business Markets

World’s top arms makers profit from wars and regional tensions

Arnold Pinto 19/12/2024 0

Earnings top $632bn in 2023 Revenues from the world’s top arms producers surged in 2023, with the 100 largest companies in the sector collectively generating $632 billion, a real-terms increase of 4.2 per cent compared with the previous year. As the Stockholm International Peace Research Institute (SIPRI) recently revealed, this global trend reflects the growing […]

Business Markets

Digital ID verification spend to exceed $26bn globally by 2029

Arnold Pinto 06/12/2024 0

Growing from $15.2bn in 2024 A new study has found that spend on digital identity verification checks will grow by 74% from $15.2 billion in 2024. This substantial growth will be attributable to new solutions that aim to reduce the friction of these checks. Juniper Research’s study identified the rising usage of behavioural biometrics as […]

Business Markets

Airbus unveils C295 Final Assembly Line in India

Arnold Pinto 22/11/2024 0

In partnership with Tata Group entity Airbus officially inaugurated its first-ever Indian final assembly line (FAL) for the C295 medium tactical transport aircraft on October 28, 2024, in Vadodara, Gujarat. This marks a significant milestone in the European company’s history, as it is the first time Airbus has established a complete aircraft production system outside […]

Markets

iPhone 15 was the world’s best-selling smartphone in Q3 2024

Arnold Pinto 10/11/2024 0

Followed by iPhone 15 Pro Max and iPhone 15 Pro According to Counterpoint Research’s Global Handset Model Sales Tracker, Apple’s iPhone 15 was the world’s best-selling smartphone in Q3 2024, followed closely by the iPhone 15 Pro Max and iPhone 15 Pro. Samsung dominated the global top-10 list, securing five spots, with Apple close at […]

Automotive Markets

Major EV battery markets aim to reduce dependence on China

Arnold Pinto 04/11/2024 0

As Chinese players target emerging markets As of October 2024, Chinese battery manufacturers dominate the global electric vehicle (EV) battery market, holding approximately two-thirds of the market share. This dominance is primarily attributed to their control over vital raw materials and their rapid adaptation to technological advancements, enabling them to outperform

Markets

Samsung, Apple, Xiaomi top global smartphone market in Q2 2024

Arnold Pinto 17/08/2024 0

US sanctions hurt Huawei Samsung, Apple, and Xiaomi have collectively commanded half of the global smartphone market in the second quarter of 2024, highlighting their continued dominance in the industry. According to the latest IDC Quarterly Mobile Phone Tracker data, these three tech giants have each made significant strides in capturing consumer interest and market […]

Markets

Why is the global news app industry booming?

News Desk 2 10/08/2024 0

Let’s take a deep dive for the answers The global news app industry has experienced significant growth in recent years, fueled by the increasing demand for real-time information, the proliferation of smartphones, and the shift towards digital content consumption. As traditional media outlets face challenges, news apps have emerged as a crucial platform for delivering […]

Business Markets

gimmefy.ai enters the North American market

Dan Ngiam 16/07/2024 0

MENA region is also in the pipeline In a strategic move aimed at global expansion, gimmefy.ai, a leading generative AI marketing platform headquartered in Singapore, has officially launched its operations in North America. Founded on cutting-edge AI models and expert marketing strategies, gimmefy.ai has achieved considerable success in Asia. Now, it aims to empower North

Automotive Markets

Geely Holding sells 256,556 vehicles globally in May 2024

Arnold Pinto 06/07/2024 0

EVs ramp up the demand Geely Holding (Zhejiang Geely Holding Group) has registered robust global sales figures for May 2024, underscoring a significant uptick in demand across its diverse automotive portfolio. Aggregate sales for the month soared to 256,556 vehicles, marking a notable 22.2% year-on-year (YoY) increase. Of particular note was the surge in sales […]