Connect with us

Business

Xiaomi will launch more than 10 5G smartphones in 2020

Published

on

Wuzhen, China: China has been one of the first countries in the world to embrace 5G, and now manufacturers and operators are working together to deliver the technology to the masses as soon as possible.

Speaking at the World Internet Conference on Sunday, Xiaomi CEO Lei Jun has announced that the company is planning to launch more than 10 5G smartphones by 2020.

The top mobile network carriers in China accepted more than 9.3 million subscriptions for 5G even before the network officially rolled out. China Mobile accepted 5.6 million subscriptions, China Telecom scored 1.9 million, and China Unicom “People in the industry fear that next year 4G models won’t sell, this is a step you have no choice but to take. So we hope that operators can speed up their expansion of 5G base stations.”

According to Taiwanese semiconductor manufacturer TSMC, the demand for 5G phones is expected to reach around 300 million by next year. Currently, 5G phones only make up 1% of the total population of smartphones, but this figure is expected to hit 10% in 2020 as manufacturers and network providers shift towards 5G.

Xiaomi CEO didn’t confirm the name of the 5G smartphones that the company plans to launch next year but it looks like the phones are already in the works. As noted earlier Xiaomi has launched two 5G phones this year — Mi MIX 3 5G and Mi 9 Pro 5G. The first one – Mi MIX 3 5G – is the 5G edition of the standard Mi MIX 3 that launched last year. While the Mi 9 Pro 5G is the 5G version of the Mi 9 Pro that launched beginning this year.

Business

Pakistan following threats to split OIC,Saudi Arabia ends loan and associated oil supply.

Published

on

Saudi Arabia has ended a loan and associated oil supply to Pakistan due to Islamabad’s criticism that Riyadh-dominated Organisation of Islamic Cooperation (OIC) is not doing enough on the Kashmir issue, signalling further deterioration in relations between the two allies. Pakistan Foreign Minister had even threatened to split OIC if the group fails to convene a stand-alone session on Kashmir.

Pakistan had to repay a Saudi loan of $1 billion after Pakistan persisted that it should lead OIC on the Kashmir issue. The loan was part of a $6.2 billion package announced by Saudi Arabia in November 2018, which included a total of $3 billion in loans and an oil credit facility amounting to $3.2 billion. Those deals were then signed when Crown Prince Muhammed Bin Salman made a visit to Pakistan in February last year.

But Saudi Arabia focusing on further expanding partnership with India has not shown any willingness to convene a stand-alone meet on Kashmir.

Last week Pakistan’s foreign minister, Shah Mehmood Qureshi, asked the OIC to stop dilly-dallying on convening a meeting of the group’s Council of Foreign Ministers on Kashmir.

Qureshi had told local media: “I am once again respectfully telling OIC that a meeting of the Council of Foreign Ministers is our expectation. If you cannot convene it, then I’ll be compelled to ask Prime Minister Imran Khan to call a meeting of the Islamic countries that are ready to stand with us on the issue of Kashmir and support the oppressed Kashmiris.”

In response to a reporter’s query, Qureshi also said that Pakistan could not wait any further and threatened that if the OIC fails to summon the CFM meeting, Pakistan would be ready to go for a session outside OIC.

The minister recalled that Pakistan skipped the Kuala Lumpur summit in December on Saudi Arabia’s request and “now Pakistani Muslims are demanding Riyadh to show leadership on the issue”.

Pakistan’s stance is backed by Turkey which wants to challenge Saudi Arabia’s leadership in the Islamic world. Riyadh backs New Delhi’s stand that Kashmir is its domestic matter. The UAE, Oman, and some North African and West Asian nations are among the other Muslim-majority nations backing India on this. India also has tacit support from Indonesia, the world’s biggest Muslim nation. Besides Central Asian states have also backed India.

In May, Maldives had initiated a move to oppose Pakistan’s rant against India at the OIC meet. Saudi Arabia and the UAE (once traditional allies of Pakistan) had backed the stand taken by Maldives, a sign of their expanding ties with New Delhi. Oman, India’s oldest strategic partner in the Gulf region, is believed to have stated at the meet that the discourse is part of India’s internal affairs, according to sources.

A number of other countries from the OIC had not responded to Pakistan’s initiative led by its permanent representative (PR) at the UN. Interestingly, UAE’s decision to back India had drawn a backlash from Pakistan-based social media. The UAE had chaired the virtual meeting of the PRs on May 19.

Continue Reading

Trending