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Italy, China Sign Pact To Strengthen Economic Ties

Italy's involvement gives China a crucial inroad into Western Europe and a symbolic boost in its economic tug-of-war with Washington.

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Chinese President Xi Jinping, left, and Italian Prime Minister Giuseppe Conte shake their hands following the signing of a memorandum in support of Beijing's "Belt and Road" initiative, at Rome's Villa Madama, March 23, 2019. VOA

Italy has signed a memorandum of understanding with China in support of Beijing’s “Belt and Road” initiative, which aims to weave a network of ports, bridges and power plants linking China with Africa, Europe and beyond.

Premier Giuseppe Conte and Chinese President Xi Jinping shook hands during a ceremony in Rome on Saturday, after 29 separate sections of the memorandum were signed by members of both governments.

 

 

With the memorandum, Italy becomes the first member of the Group of Seven major economies that includes the United States, to join Belt and Road, following Portugal’s embrace of the initiative in December.

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Italy’s involvement gives China a crucial inroad into Western Europe and a symbolic boost in its economic tug-of-war with Washington. (VOA)

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Samsung Galaxy Fold Launch Postponed in China: Report

The Galaxy Fold is expected to be priced around Rs 1,40,790 in India

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FILE - The Samsung Galaxy Fold phone is shown on a screen at Samsung Electronics Co. Ltd.’s Unpacked event in San Francisco, Feb. 20, 2019. Samsung says it will look into some reports of flickering or cracking screens. VOA

Samsung has postponed the Galaxy Fold’s launch events in Hong Kong and Shanghai, which were originally scheduled for April 23 and 24, days after some units of the $2,000 foldable phone encountered major display issues.

“The firm is blaming the decision on a last minute issue with the venue, according to someone claiming to be familiar with the matter.

“But that seems a little too convenient seeing as the handset has been under heavy fire all week, after a number of units broke after being in the hands of reviewers for less than a day,” the SamMobile reported late on Sunday.

Tech reviewers from renowned media brands like The Verge and the CNBC noted issues like screen flickering, display distortion and unexplainable bulges bugging the industry-first device, reports said last week.

The handset maker obviously doesn’t want to associate these delays with the broken review units, but given the timing, chances are Samsung wants to buy more time to address these issues before the next wave of shipments, according to the Engadget.

Sub-titling the review “Yikes”, The Verge said that the flaws were “distressing to be discovered just two days after receiving the review unit”.

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DJ Koh, president and CEO of IT and Mobile Communications, holds up the new Samsung Galaxy Fold smartphone during an event, Feb. 20, 2019, in San Francisco. VOA

Defending its devices just days before its roll-out, a Samsung spokesperson assured that the firm would “thoroughly inspect” the units.

The super-expensive foldable smartphone was launched during the Mobile World Congress in Barcelona in February followed by Huawei launching its own foldable phone, the Mate X.

According to market research firm Gartner, foldable phones would make up 5 per cent of high-end phones sales by 2023 with around 30 million units.

Also Read- Why you Should Make your Credit Card Bill Payment on Time: 5 Reasons

The phone comes with the world’s first 7.3-inch Infinity Flex Display, which folds into a compact device with a cover display that is capable of opening up to three active apps simultaneously on the main display.

The Galaxy Fold is expected to be priced around Rs 1,40,790 in India. (IANS)