- Saturday, 23 August 2025
BBC
Samsung expects profits to jump by more than 1,400%
By João da Silva, July 5: Samsung Electronics expects its profits for the three months to June 2024 to jump 15-fold compared to the same period last year.An artificial intelligence (AI) boom has lifted the prices of advanced chips, driving up the firm's forecast for the second quarter.The South Korean tech giant is the world's largest maker of memory chips, smartphones and televisions.The announcement pushed Samsung shares up more than 2% during early trading hours in Seoul.The firm also reported a more than 10-fold jump in its profits for the first three months of this year.In this quarter, it said it is expecting its profit to rise to 10.4tn won ($7.54bn; £5.9bn), from 670bn won last year.That surpasses analysts' forecasts of 8.8tn won, according to LSEG SmartEstimate."Right now we are seeing skyrocketing demand for AI chips in data centres and smartphones," said Marc Einstein, chief analyst at Tokyo-based research and advisory firm ITR Corporation.Optimism about AI is one reason for the broader market rally over the last year, which pushed the S&P 500 and the Nasdaq in the United States to new records on Wednesday.The market value of chip-making giant Nvidia surged past $3tn last month, briefly holding the top spot as the world's most valuable company."The AI boom which massively boosted Nvidia is also boosting Samsung's earnings and indeed those of the entire sector," Einstein added.Samsung Electronics is the flagship unit of South Korean conglomerate Samsung Group.Next week, the tech company faces a possible three-day strike, which is expected to start on Monday. A union of workers is demanding a more transparent system for bonuses and time off.
Bodies of 89 migrants retrieved from Atlantic
Coastguards in Mauritania have recovered 89 bodies of migrants from a boat that capsized in the Atlantic Ocean on Monday. Nine people - including a five-year-old girl - were rescued, but dozens more are missing.
'We did it,' says Starmer as Labour wins general election
Labour has won a landslide victory in the UK general election-meaning Keir Starmer will be the new prime minister
Polls open across UK as voting begins in general election
After a six-week election campaign, it's over to you to decide: polls are now open across the country.
Indian state battling floods braces for heavy rain
The flood-hit Indian state of Assam is on high alert as it braces for more rains in the coming days. The northeastern state has been inundated by flood waters for several days, affecting more than 600,000 people and killing at least 34.
Plane diverted to Brazil after turbulence injures 30
A flight hit by "strong turbulence" has made an emergency landing in Brazil, with 30 people reported injured. The Air Europa Boeing 787-9 Dreamliner was flying from Madrid to Montevideo when the mid-air incident happened, the airline said.
South Africa's new coalition government unveiled
South Africa's President Cyril Ramaphosa has unveiled a new coalition government, after his ruling African National Congress (ANC) party lost its parliamentary majority in May's elections. He said, "The government of national unity... is unprecedented in the history of our democracy".
'A World Cup final where history beckons either way'
If India win the T20 World Cup final on Saturday it will secure their first world title for 13 years - a wait too long for the sport's overwhelming superpower. Were South Africa to win it would be their first World Cup triumph in their long cricketing history.
India crush England to reach T20 World Cup final
England's defence of the T20 World Cup is over after they slumped to a 68-run thrashing by a superb India in the semi-final in Guyana. Set 172 on a difficult pitch to make Saturday's final, England's batters folded and were dismissed for 103 in 16.4 overs. Captain Jos Buttler gave them a solid start with 23 but his wicket was the first of four for 20 runs.
South Africa thrash Afghanistan to reach first men's World Cup final
South Africa ended their run of semi-final heartache by thrashing Afghanistan to reach their first men's T20 World Cup final. The Proteas, who had failed to progress from all seven of their previous World Cup semi-finals across formats, dismissed Afghanistan for 56 in 11.5 overs on a difficult pitch on their way to a nine-wicket win in Trinidad.
Deaths mount as Pakistan swelters in heatwave
As the temperatures rose in southern Pakistan, so did the body count. The Edhi ambulance service says it usually takes around 30 to 40 people to the Karachi city morgue daily.
South Africa edge past West Indies to reach semis
South Africa are through to the T20 World Cup semi-finals after a tense three-wicket win on the Duckworth-Lewis-Stern method over co-hosts West Indies in a winner-takes-all Super 8s match. After England secured their place in the last four on Sunday, the game in Antigua was essentially a quarter-final to decide the other side to progress from Group 2.
Afghanistan shock Australia to keep semi-final hopes alive
Afghanistan shocked Australia to keep their T20 World Cup hopes alive with a historic 21-run win in St Vincent. Needing a victory to avoid elimination, Afghanistan posted 148-6 on a challenging surface on the back of a superb opening stand of 118 between Rahmanullah Gurbaz and Ibrahim Zadran.
West Indies thrash USA to leapfrog England in race for semi-finals
Shai Hope hit a supremely stylish unbeaten 82 as West Indies reignited their hopes of reaching the T20 World Cup semi-finals with a nine-wicket thrashing of fellow co-hosts USA. Defeat by England in their opening Super 8s game put the Windies under pressure but they responded with a dominant victory in Barbados. After bowling the United States out for 128, Rovman Powell's side knocked off the runs in only 10.5 overs.
Inside India's first heat stroke emergency room
In one of the largest hospitals in India’s capital, Delhi, a physician says he has never seen anything like this before.
