Upcoming shows
Real News

NOW ON AIR
Now On Air

Story Time

1:00 am 6:00 am



Maga First News

Upcoming Shows

Join The MAGA Network on Discord

0 0

Notre Dame Cathedral: Salma Hayek’s French billionaire husband pledges more than $100M for rebuild

Salma Hayek’s husband, the French billionaire François-Henri Pinault, pledged almost $113 million to rebuild Paris’ historic Notre Dame Cathedral after Monday’s devastating fire.

Pinault announced Tuesday that he will draw almost $113 million in funds from his family’s investment firm, Artemis, “to participate in the effort that will be necessary for the complete reconstruction of Notre-Dame,” the French newspaper Le Figaro reported.

THE LATEST: FRENCH LEADER VOWS TO REBUILD DAMAGED NOTRE DAME

Pinault, 56, who is the chairman and CEO of Kering, a Paris-based luxury group behind brands including Gucci, Yves Saint Laurent, Balenciaga, Alexander McQueen, married the Mexican and American actress Salma Hayek in Paris in 2009, Yahoo News reported. The couple owns a residence nearby the destroyed 12th-century medieval Catholic cathedral.

“As many others I’m in deep shock and sadness to witness the beauty of Notre-Dame turn into smoke. I love you Paris,” Hayek said on Instagram, sharing an image of the cathedral ablaze.

Pinault’s father, the 82-year-old Francois Pinault, is worth $37.3 billion, according to Bloomberg’s Billionaire Index. The family’s contribution is the first major donation to reconstruction efforts after the fire engulfed the historic structure, leading to the collapse of the structure’s main spire.

CLICK HERE FOR THE FOX NEWS APP

A public fundraising drive for reconstruction efforts kicked off Tuesday. French President Emmanuel Macron addressed a sorrowful crowd at the site. He vowed to rebuild the cathedral for the French people, describing it as the “epicenter” of their lives, The New York Post reported.

“It is what our history deserves,” Macron said. “It is, in the deepest sense, our destiny.”

Source: Fox News World

0 0

Satellites and shoe-leather: How investors get beyond China’s dubious data

FILE PHOTO: Delivery driver rides his electric vehicle past Chinese and foreign car dealerships in Beijing
FILE PHOTO: A delivery driver rides his electric vehicle past Chinese and foreign car dealerships in Beijing, China October 11, 2018. REUTERS/Thomas Peter

March 11, 2019

By Daniel Leussink, Swati Pandey and Trevor Hunnicutt

TOKYO/SYDNEY/NEW YORK (Reuters) – When TAL Education Group, a mid-sized tutoring services firm in China, reported a three-fold increase in its 2018 third-quarter net income earlier this year, few people made much of it.

Rather, investors fretted over a weak performance in China from Apple Inc – a classic yardstick for measuring demand and the health of the world’s second-largest economy.

For Brendan Ahern, the New York-based chief investment officer at Krane Funds Advisors, TAL’s results showed that, while China may be showing signs of pain from a long-running U.S.-Sino trade war, parts of its economy are still doing well.

“With some study of China, you can get results that are very contrary to this view of China as one entity,” said Ahern.

Ahern is not alone. Foreign investors keen to get a grasp of China’s economy have for years distrusted official data.

Many have models built on inputs such as auto sales or air traffic and even indicators such as commentary from food and beauty firms.

“Many people look for alternative data sources in China as proxies for growth, rather than the just the official figures,” said Ross Hutchison, a fund manager at Aberdeen Standard Investments in Edinburgh. “I find it helpful to consider ‘micro’ stories, where you can get a better sense of actual activity.”

In 2018, even as the trade war sapped exports and investment at home, China’s official GDP growth was 6.6 percent – as always, unerringly within official targets.

That was a 28-year low for China, but still almost double the global average of 3.7 percent.

“There are always questions about it and there are always doubts raised about it,” said Michael O’Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut.

“U.S. investors for the most part put a little haircut on it. If the number is X, they suspect the real number is X minus something, and then it is more about trying to identify the trend of numbers rather than the absolute levels.”

What’s more, for an economy that exceeds $10 trillion and a population of nearly 1.4 billion, analysts says China’s economic statistics are released too swiftly for investors to have faith in their accuracy, leading them to read the economic tea leaves elsewhere.

China’s National Bureau of Statistics did not respond to a faxed request for comment.

FAKES, FILTERS

Around the same time that Apple’s disappointing iPhone sales were making investors nervous about China, Aberdeen’s Hutchison was looking at athletic apparel firm Nike Inc’s estimate-beating results and double-digit sales growth in China.

“To me, it suggests that the worries around Apple are not a canary in the coalmine for faltering Chinese growth, but that increasingly expensive iPhones just aren’t as cool as they used to be,” said Hutchison.

Peter Bye, a portfolio manager on the U.S. equity team at UBS Asset Management, agrees some filtering of data is needed.

Bye cites the example of the 2013 crackdown by Chinese authorities on gift-giving by officials, which skewed demand for luxury brands.

“Therefore, China growth numbers out of some high-end brands again weren’t that indicative of China consumer health.”

His discretionary list of data points includes travel commentary from booking platforms as well as commentary from beauty and food companies around the region pandering to Chinese travelers and customers.

For U.S. hedge fund manager Teddy Vallee, founder of Pervalle Global, the correlations between China’s credit growth and other markets such as global crude and copper are material, so he looks at China’s base money or M1 growth.

“The issue today is we haven’t seen M1 turn higher, so it’s quite difficult to be constructive until this turns,” Vallee said.

(GRAPHIC: Proxy economic indicators for China – https://tmsnrt.rs/2Ch1a4i)

BIRD’S EYE VIEW

The Economist magazine’s Li Keqiang index was inspired by comments from the Chinese premier a decade or so ago that the official GDP was ‘man-made’. Li based his preferred measures of economic growth on bank loans, rail freight and electricity consumption.

But as China weans its economy off a reliance on manufacturing and heavy industry, analysts have found the Li Keqiang index needs additional measures.

Unfortunately, China’s modern economy, more represented by internet payment platforms and sales systems such as WeChat and Alipay, isn’t yet openly sharing data on online traffic.

Jian Shi Cortesi, an Asian equities portfolio manager at GAM Investment Management in Zurich, tracks a China Satellite Manufacturing Index, developed by San Francisco-based SpaceKnow.

It analyses industrial facilities in China using imagery from space and algorithms measuring the level of manufacturing activity.

Qinwei Wang, a London-based senior economist at European asset manager Amundi, uses in-house models incorporating freight and passenger traffic data, floor space under construction and electricity consumption.

“These data are more independent from official GDP and headline data, of high frequency, difficult to manipulate by officials, and cover the relatively broad economy,” said Wang.

For many analysts like Sarah Shaw, a Sydney-based global portfolio manager at 4D Infrastructure, nothing beats boots on the ground.

“If you’re wandering around in Beijing and you can’t get into a restaurant or you can’t get on a train because they are all full, that’s an indication that things are still relatively okay.”

(Additional reporting by Chuck Mikolajczak, Kate Duguid, Lewis Krauskopf, Dhara Ranasinghe, Caroline Valetkevitch and Jennifer Ablan; Writing by Vidya Ranganathan; Editing by Lincoln Feast)

Source: OANN

0 0

Barty guides Australia into Fed Cup final

FILE PHOTO - Tennis: Miami Open
FILE PHOTO - Mar 30, 2019; Miami Gardens, FL, USA; Ashleigh Barty of Australia returns a shot back to Karolina Pliskova of the Czech Republic (not pictured) during the woman's finals at the Miami Open at Miami Open Tennis Complex. Mandatory Credit: Steve Mitchell-USA TODAY Sports

April 21, 2019

SYDNEY (Reuters) – World number nine Ashleigh Barty continued her recent strong run of form and guided Australia to their first Fed Cup final since 1993 with a 3-2 victory over Belarus in Brisbane on Sunday.

Barty, who won both her singles matches in the semi-final tie, and veteran Samantha Stosur beat Victoria Azarenka and Aryna Sabalenka 7-5 3-6 6-2 in the deciding doubles to set up a final against either France or Romania in November.

Australia, who have not won the title since 1974, will host the final against the winner of the second semi-final, which was locked at 1-1 in Rouen.

“It’s super exciting to be in a Fed Cup final,” Stosur said. “We all work so hard all year and we’re such a tight team. We’re going to be giving it our best shot here in November.”

Barty had earlier given Australia a 2-1 lead after a superb mixture of tactics, scrambling defense and a powerful service game to beat Sabalenka 6-2 6-2.

It was her second singles win of the tie after she beat Azarenka on Saturday and her success came on the back of winning her first WTA Premier level tournament in Miami last month.

Azarenka was originally not listed to play the doubles but after she dismantled Stosur 6-1 6-1 in 59 minutes to send the tie to the decider, she quickly had her racquets restrung and joined the 20-year-old in the doubles.

SINGLES EVEN

The tie had been locked at 1-1 after the opening day’s singles before Barty produced a high level of intensity to beat Sabalenka in Sunday’s first match.

Despite the lop-sided scoreline, Barty was made to work hard by her fellow top-10 player Sabalenka, who lost control of the match in the fifth game of the first set when she served four double faults.

Barty, who was forced to produce big serves to neutralize breakpoint opportunities in both the second and fourth games of the second set, broke Sabalenka and ended the Belarusian’s resistance when she served her eighth double fault.

Azarenka sent the tie into the decider when she produced some of the high quality tennis that had propelled her to two Australian Open titles.

The 29-year-old is making her way back up the rankings after she had a child and then faced a custody battle that restricted her travel.

Even during the rallies the 35-year-old Stosur controlled, Azarenka chased the ball down and forced her opponent to keep making shots that resulted in the Australian making 35 errors.

(Reporting by Greg Stutchbury; Editing by Sudipto Ganguly)

Source: OANN

0 0

Redskins linebacker Foster won’t face suspension

NFL: San Francisco 49ers at Minnesota Vikings
FILE PHOTO: Aug 27, 2017; Minneapolis, MN, USA; San Francisco 49ers linebacker Reuben Foster (56) looks on following the game against the Minnesota Vikings at U.S. Bank Stadium. Mandatory Credit: Brace Hemmelgarn-USA TODAY Sports

April 12, 2019

Washington Redskins linebacker Reuben Foster will be fined but not suspended for his involvement in an incident that led to misdemeanor domestic violence battery charges that ultimately were dropped, the NFL announced Friday.

The league said Foster would be fined two game checks. He is scheduled to earn a base salary of $1.29 million in the 2019 season.

The charges stemmed from an incident in Tampa on Nov. 24 when Foster was a member of the San Francisco 49ers. His former girlfriend, Elissa Ennis, said Foster pushed her in the chest area and slapped her with an open hand on the left side of her face at a Tampa hotel on the eve of the 49ers’ game against the Tampa Bay Buccaneers.

The 49ers released Foster the next day and the Redskins claimed him two days later. The NFL placed Foster on the commissioner’s exempt list, and he did not play the rest of the season.

“Following a thorough investigation, the evidence did not support a finding that Foster violated the NFL’s Personal Conduct Policy in connection with the Tampa incident in November 2018. The NFL has returned Foster to the active roster from the Commissioner Exempt list. He may fully participate in all team activities,” the NFL said in a statement issued Friday.

Washington team president Bruce Allen said the team has told Foster it will not tolerate any further off-field incidents.

“The Redskins have put in place a comprehensive responsibility and accountability plan to help Reuben be successful on and off the field,” Allen said in a statement. “Elements of this plan include individual counseling, a structured living arrangement, weekly meetings with the club player engagement director, weekly meetings with our team chaplain, and targeted community service engagements.

“We have been very clear with Reuben that his past does not have to determine his future – but the responsibility is squarely on him to change. Reuben must fully adhere to the plan we have developed for him. Reuben knows that we simply will not tolerate any future conduct that is detrimental to the Washington Redskins organization or to the NFL.”

In a statement issued by the team, Foster said he understood the conditions.

“I accept the NFL’s decision and want to say that I am truly sorry for my past actions and the people who may have been hurt by them,” Foster said. “Going forward, I will follow the plan outlined for me and work hard to earn back the trust of my teammates, the NFL, NFL fans, and the community. I know that my success is all up to me, and I am committed to not letting you down.”

A first-round draft pick in 2017, the 31st player selected overall, Foster had 29 tackles but no sacks, forced fumbles, fumble recoveries or interceptions in the six games he played last season.

–Field Level Media

Source: OANN

0 0

AP PHOTOS: The most senior Catholic convicted of child abuse

The conviction and sentencing of Cardinal George Pell represent a remarkable downfall for the man who was Pope Francis' former finance minister and third-highest ranking Catholic in the Vatican.

Pell, the most senior Catholic to be convicted of child sex abuse, was sentenced Wednesday to six years in prison for molesting two choirboys in a Melbourne cathedral more than 20 years ago.

He was convicted by a unanimous jury verdict of orally raping a 13-year-old choirboy and indecently dealing with the boy and the boy's 13-year-old friend in the late 1990s, months after becoming archbishop of Melbourne.

Pell was appointed Archbishop of Sydney in 2001, and Pope John Paul II made him a cardinal in 2003. Francis appointed Pell to the powerful position of Prefect of the Secretariat for the Economy in 2014.

Francis removed Pell as a member of his informal Cabinet in October, shortly before he was convicted of the abuse. He remained prefect of the Vatican's economy ministry, but his five-year term expired this month.

Pell also is being investigated by the Vatican's Congregation for the Doctrine of Faith, which has the power to remove him from the priesthood.

Source: Fox News World

0 0

Fears over U.S. ties limit Turkish lira gains after Fed decision

Turkish lira banknotes are seen in this picture illustration in Istanbul
Turkish lira banknotes are seen in this picture illustration in Istanbul, Turkey August 14, 2018. REUTERS/Murad Sezer/Illustration

March 21, 2019

ANKARA (Reuters) – Fears over renewed tensions with the United States reversed some of the Turkish lira’s overnight gains in early trade on Thursday following a dovish Fed decision that had boosted emerging market currencies late on Wednesday.

The United States could soon freeze preparations for delivering F-35 fighter jets to Turkey, officials told Reuters, in what would be the strongest signal yet by Washington that Ankara cannot have both the advanced aircraft and Russia’s S-400 air defences system.

The lira firmed to 5.4160 against the dollar in the wake of the Fed decision but eased back to 5.4415 after Reuters report, analysts said.

Amid a slowing economy the Fed now sees only one rate hike next year, and announced a plan to end its balance sheet reduction program by September.

“It’s a very positive decision for emerging market currencies including the lira, and we were able to observe its impact on the market, with lira gaining around 1 percent against the dollar,” an Istanbul-based forex trader said.

“However, the report that ties with the U.S. are seen entering a difficult period was the only factor that limited this rise.”

The United States is nearing an inflection point in a years-long standoff with Turkey, a NATO ally, after so far failing to sway President Tayyip Erdogan that buying the S-400 Russian air defense system would compromise the security of any F-35 aircraft delivered to Turkey.

While no decision has been made yet, U.S. officials confirmed that Washington was considering halting steps now underway to ready Turkey to receive the F-35, which is built by Lockheed Martin Corp.

(Reporting by Nevzat Devranoglu; Writing by Ece Toksabay; Editing by Dominic Evans)

Source: OANN

0 0

'Overwhelming evidence' man killed wife, 3 kids, before setting fire to home, authorities say

Investigators discovered “overwhelming evidence" that a Massachusetts mother and her three young children were murdered by their father last week before he set fire to their home and committed suicide, officials said Tuesday.

Luke Karpinski and his wife, Justine Wilbur, both 41, and their children, a set of 7-year-old twins and a 3-year-old, were found dead inside their Sheffield home March 13 when firefighters arrived to put out the blaze, which appeared to have been intentionally set.

FLORIDA WOMAN FOUND DEAD IN SUSPECTED MURDER-SUICIDE, POLICE SAY

Investigators located evidence of an accelerant in different parts of the home, including two 20-pound propane tanks on the upper floor, where Karpinksi and the children were discovered, Mass Live reported.

“This investigation is complex and ongoing, but we have uncovered overwhelming evidence suggesting that Luke Karpinski killed his wife and children prior to committing suicide,” District Attorney Andrea Harrington said.

Wilbur, whose body was found separated from her children and Karpinski, showed signs of a “traumatic injury” that occurred before the fire was set, Harrington said. Police did not find any evidence of guns in the home, she said.

CLICK HERE TO GET THE FOX NEWS APP

The Berkshire Eagle, citing an unnamed source, reported Saturday that Karpinksi may have stabbed his family to death before starting the fire.

Authorities have not confirmed the family’s cause of deaths. Autopsy results for the couple and their children were pending as the investigation continued.

Investigators have not disclosed a possible motive for the killings.

The Associated Press contributed to this report.

Source: Fox News National

NOW ON AIR
Now On Air

Story Time

1:00 am 6:00 am



A California man who allegedly fatally shot his ex-girlfriend in broad daylight last month before fleeing the country has been returned to the U.S. following his arrest in Mexico on Wednesday, authorities said.

Julio Cesar Rocha, 25, of Montlcair, is accused of shooting his 25-year-old ex-girlfriend Thalia Flores and a second unidentified male victim March 21 around 2:45 p.m. while the two were sitting in a vehicle in the parking lot of a discount store in Chino. Both communities are about 36 miles east of Los Angeles.

ARREST MADE IN DOUBLE HOMICIDE OF EX-PRO HOCKEY PLAYER, COMMUNITY ADVOCATE, POLICE SAY

Julio Cesar Rocha, 25, of Montlcair, Calif. was located in Mexico Wednesday and returned to California where he faces murder and attempted murder charges related to the death of his ex-girlfriend, Thalia Flores.

Julio Cesar Rocha, 25, of Montlcair, Calif. was located in Mexico Wednesday and returned to California where he faces murder and attempted murder charges related to the death of his ex-girlfriend, Thalia Flores. (City of Chino Police Department)

Flores died at the scene. The man, whose name was not released, walked to a nearby hospital where he’s recovering from his gunshot wounds.

Rocha allegedly fled the scene and remained at large for more than a month, the Daily Bulletin reported. He was formally arrested at 4:30 p.m. after arriving at Los Angeles International Airport from Mexico, KTLA-TV reported.

The suspect was booked at the West Valley Detention Center in Rancho Cucamonga on murder and attempted murder charges, the City of Chino Police Department said on Facebook.

Flores ended her seven-year relationship with Rocha just two months before her death and still lived in fear of him until that point, a sister of the victim, Bernice Flores, told the Daily Bulletin.

“He said himself so many times to other people, ‘If I can’t have her, no one will.’ ” Flores said, adding that her sister stayed in the relationship longer that she would have liked in fear that Rocha would hurt her or her family if they broke up.

Rocha was convicted on misdemeanor battery in 2016 and sentenced to 60 days in prison. He was originally charged with misdemeanor assault with a deadly weapon, but the charges were lowered in a plea deal, the Daily Bulletin reported.

CLICK HERE FOR THE FOX NEWS APP

Rocha was convicted of misdemeanor resisting or obstructing a peace officer in 2014. A second charge of misdemeanor battery was dropped in a plea deal, and Rocha was ordered to complete a 26-week anger management course, according to San Bernardino County Superior Court records. Rocha was later arrested and sentenced to 10 days behind bars for failing to complete the course.

Source: Fox News National

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

Multiple people died Thursday when a semitrailer plowed into stationary traffic that resulted in explosions and flames on a Colorado freeway, authorities said.

The incident occurred just before 5 p.m. in the Denver suburb of Lakewood when a truck driver lost control while traveling east on Interstate 70, according to a preliminary investigation. The collision started a chain reaction and a diesel fuel spill, Lakewood police spokesman Ty Countryman told the Denver Post.

“This is looking to be one of the worst accidents we’ve had here in Lakewood,” he said.

The driver of the runaway truck survived. At least one truck was carrying lumber, another was hauling gravel and the third may have been carrying mattresses, KDVR-TV reported.

CLICK HERE TO GET THE FOX NEWS APP

Lakewood police tweeted there were multiple fatalities but did not give a specific number. Six people were taken to a hospital. Their conditions were not released, according to the paper.

Lanes in both directions were closed and expected to remain so into Friday morning.

Source: Fox News National

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

President Trump will address members and leaders of the National Rifle Association on Friday at the group’s annual convention in Indiana.

Around 80,000 gun enthusiasts and more than 800 exhibitors are expected to pack the Indiana Convention Center in Indianapolis for the three-day event, the Indianapolis Star reported. It will mark the third straight year that Trump will deliver the keynote address, where he is expected to champion the rights of gun owners.

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes,” Chris Cox, executive director of the NRA’s Institute for Legislative Action (ILA), said in a statement. “President Trump’s Supreme Court appointments ensure that the Second Amendment will be respected for generations to come. Our members are excited to hear him speak and thank him for his support for our Right to Keep and Bear Arms.”

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes.”

— Chris Cox, executive director, NRA’s Institute for Legislative Action

COLORADO ENACTS ‘RED FLAG’ LAW TO SEIZE GUNS FROM THOSE DEEMED DANGEROUS, PROMPTING BACKLASH

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

Trump and Vice President Mike Pence spoke at last year’s convention in Dallas. During his speech, Trump assured gun owners that he would protect their Second Amendment rights, according to the paper.

“Your Second Amendment rights are under siege,” Trump told the cheering audience in Dallas. “But they will never, ever be under siege as long as I am your president.”

Trump has supported some gun control measures in the past. Last year, his administration imposed a ban on bump stocks, attachments that enable semiautomatic rifles to fire in rapid bursts. Although, he most recently threatened to veto two Democratic gun control bills.

This year’s convention comes as the NRA faces outside pressure and internal problems. The group has seen its legislative agenda stall amid a series of mass shootings — including a massacre at a Parkland, Fla., high school in February 2018 that left 17 dead and launched a youth movement against gun violence.

CLICK HERE TO GET THE FOX NEWS APP

It’s also grappling with infighting in its ranks, money problems and investigations into whether Russian agents courted officials and funneled money through the group.

“I’ve never seen the NRA this vulnerable,” said John Feinblatt, president of Everytown for Gun Safety, a nonprofit that advocates for gun control measure.

The convention will run through the weekend and conclude Sunday.

The Associated Press contributed to this report.

Source: Fox News Politics

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London
FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London, Britain December 15, 2018. REUTERS/Simon Dawson

April 26, 2019

(Reuters) – Ailing British retailer Debenhams said two proposed company voluntary arrangements (CVA) could see all its stores remaining open during 2019, with 22 closures planned for next year, putting about 1,200 jobs at risk.

Debenhams’ lenders took control of the retailer earlier this month in a process designed to keep its shops open at the expense of shareholders.

(Reporting by Noor Zainab Hussain in Bengaluru; editing by Gopakumar Warrier)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London
FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London, Britain, November 8, 2018. REUTERS/Toby Melville

April 26, 2019

BENGALURU (Reuters) – Chinese brands controlled a record 66 percent of Indian smartphone market in the first quarter, led by Xiaomi Corp, a report showed, with volumes rising 20 percent on the back of popularity for brands like Vivo, RealMe and Oppo.

Xiaomi’s India shipments fell by 2 percent over last year, but the Beijing-based company was still the biggest smartphone brand in the country, followed by Samsung Electronics Co Ltd, according to Hong-Kong based Counterpoint Research.

Shipment volumes for Vivo jumped 119 percent, while those of Oppo rose 28 percent.

“Vivo’s expanding portfolio in the mid-tier range ($100 to $180) drove its growth along with aggressive Indian Premier League cricket campaign,” Counterpoint analysts said.

India is the world’s fastest growing market for smartphones, where affordable pricing coupled with features like “selfie” cameras and big screens have popularized Chinese brands.

Video streaming services like Netflix Inc and Hotstar, as well as heavy usage of messaging apps like Facebook Inc’s WhatsApp have further spurred demand.

“Data consumption is on the rise and users are upgrading their phones faster as compared to other regions,” Counterpoint’s Tarun Pathak said.

“As a result of this, the premium specs are now diffusing faster into the mid-tier price brands. We estimate this trend to continue leading to a competitive mid-tier segment in coming quarters.”

(Reporting By Arnab Paul in Bengaluru; Editing by Subhranshu Sahu)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
Current track

Title

Artist