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Apple loses top spot in China smartphone sales to local rivals
Apple loses top spot in China smartphone sales to local rivals
Economy
by  AFP

Apple lost its status as the best selling smartphone brand in the crucial Chinese market last year, new data showed Thursday, with a pair of local rivals surpassing it with surging shipments. Also coming in at 15 percent, with total smartphone sales narrowly behind Apple's, were Chinese brands Oppo and Honor, the data showed.

Sri Lanka signs landmark $3.7 bn deal with Chinese state oil giant
Sri Lanka signs landmark $3.7 bn deal with Chinese state oil giant
Economy
by  AFP

Sri Lanka has secured its biggest-ever foreign investment after signing a deal with Chinese state-run oil giant Sinopec, officials said on Thursday. "During President Anura Kumara Dissanayake’s four-day state visit to China, Sri Lanka marked a significant milestone by securing the largest foreign direct investment to date," it said.

UK economy rebounds but headwinds remain for govt
UK economy rebounds but headwinds remain for govt
Economy
by  AFP

Britain's economic growth rebounded less than expected in November, official data showed Thursday, dealing a fresh blow to a Labour government that is battling headwinds. Britain's economy has stagnated since Labour won a general election in July, which saw the party end 14 years of rule by the Conservatives having pledged to drive growth.