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On May 17, the World Health Organization declared that the Ebola outbreaks in the Democratic Republic of Congo and Uganda constitute a "Public Health Emergency of International Concern."① Iran: 1. Construction resumes on Unit 2 of the Bushehr nuclear power plant in Iran. 2. A fire at an Iranian oil factory injures at least 10 people. 3. According to Iranian state media, the Iranian stock market will reopen next Tuesday. ② United States: 1. The USS Ford aircraft carrier returns to its home port in the United States. 2. Trump suggests the situation in Iran is "the calm before the storm." 3. The United States suspects Iranian hackers of infiltrating fuel monitoring systems at gas stations in multiple states. 4. Sources: The US and Israel may resume military operations against Iran as early as next week. ③ Israel: 1. Israeli military: One soldier was killed in fighting in southern Lebanon. 2. Israeli forces launched airstrikes on Hezbollah infrastructure in several locations in southern Lebanon. ④ Strait of Hormuz: 1. The conflict between the US, Israel, and Iran has led to a sharp decline in Iraqi crude oil exports. 2. Iran: A mechanism for managing the Strait of Hormuz is ready, and details will be released soon. 3. Iranian media: European parties have begun contacting the Revolutionary Guard regarding passage through the Strait of Hormuz. 4. According to Iranian media reports, Iran stated that shipping will return to normal after the unrest in the Strait of Hormuz ends. 5. US Central Command: As of May 16, 78 merchant ships have been redirected, and 4 have been intercepted and suspended to ensure compliance with the blockade measures. 6. According to Iran International Television: Iran has launched a new maritime insurance platform for ships transiting the Strait of Hormuz. Reports indicate the system provides digital insurance policies. ⑤ Ceasefire Negotiations 1. Pakistans Interior Minister visited Iran to discuss border security and other issues. 2. Trump: If a peace agreement cannot be reached, Iran will face a "very bad situation." ⑥ Other Situations 1. The current conflict between Israel and Lebanon has resulted in 2,969 deaths in Lebanon. 2. Pakistans Interior Minister visited Iran to discuss border security and other issues. 3. Gaza has been attacked several times in the past 48 hours, resulting in 13 deaths and 57 injuries. 4. British media: US officials are urging the UAE to seize the key Iranian island of Lawan. 5. The Strait of Hormuz crisis remains unresolved, and the US continues to suspend waivers for Russian crude oil sales. 6. Iranian media: Saudi oil production has fallen to its lowest level since 1990 due to the disruption in the Strait of Hormuz. 7. According to RIA Novosti: The Kremlin stated that Putin spoke by phone with the President of the UAE to discuss the Middle East and Iran.According to the Daily Mail, sources say British Prime Minister Keir Starmer has told close friends that he intends to resign and has developed a well-organized timetable for his departure.On May 17, British Columbia health officials reported on May 16 that a passenger from the cruise ship *Hundius*, who was quarantined in the province, tested positive for hantavirus in a preliminary test. British Columbias Chief Medical Officer of Health, Bonnie Henry, said the patient developed mild symptoms such as fever and headache two days prior and was subsequently hospitalized. Her preliminary hantavirus test on May 15 was positive. The patient is currently in isolation, and her test results still require confirmation by a microbiology laboratory. Her partner tested negative. Currently, 10 Canadian citizens are under quarantine due to the *Hundius* outbreak; four are in British Columbia for a 21-day quarantine, and the other six are in Alberta, Ontario, and Quebec.According to Israeli media reports, the massive explosion near Beit Shemesh, Israel, was a controlled industrial blast, with no casualties or property damage.

Samsung introduces foldable smartphones to preserve its market dominance

Charlie Brooks

Aug 11, 2022 10:58

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Samsung Electronics (OTC:SSNLF) presented its most recent high-end foldable smartphones on Wednesday, maintaining the same cost as last year in a bid to secure its leadership in a growing niche market.


The smartphone maker priced its clamshell Galaxy Z Flip4 at $999.99 and its 5G-enabled flagship Galaxy Z Fold4 with a 7.6-inch primary display at $1,799.99 in the United States, the same prices as last year's models.


TM Roh, president and head of mobile experience at Samsung (KS:005930) Electronics, commented, "We have effectively transformed this category from a risky venture to a worldwide popular product line."


The Galaxy Z Flip4 and Z Fold4, as well as the company's newest earbuds, Galaxy Buds2 Pro, will be widely available beginning on August 26 in the United States, areas of Europe, and South Korea.


This year, global shipments of foldable smartphones are estimated to climb to 16 million units, representing just 1.2% of the 1.36 billion smartphone units expected to be shipped, but an increase over 2017's sales of 9 million foldables.


Although analysts forecast a downturn in the global smartphone business this year due to consumers' decreased spending, foldable smartphones are anticipated to perform better because of their unique form factor, enormous screens, and portability.


In the first half of 2022, Samsung led the foldable smartphone market with a 62% share, followed by Huawei with 16% and Oppo with 3%. According to Counterpoint, after the new releases Samsung's share in the second half will be about 80%.


In the second half, Samsung anticipates that sales of foldable phones would exceed those of its previous flagship smartphone, the Galaxy Note.


Apple (NASDAQ:AAPL) will be Samsung's key competitor in the future, and we predict the release of an Apple foldable device around 2024 or 2025, according to Jene Park, a senior analyst at Counterpoint.


Samsung noted that its newest models make it easier for consumers to use popular applications such as Microsoft's Instagram and Outlook (NASDAQ:MSFT).