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Kremlin spokesman Dmitry Peskov: It is too early to say that a peace agreement in Ukraine is imminent.Kremlin spokesman Dmitry Peskov: Dont draw conclusions too early about the impending end of the conflict in Ukraine.The State Administration for Market Regulation issued a public notice soliciting opinions on the "Regulations on Transparent Pricing in the Funeral Industry (Trial) (Draft for Comment)". The deadline for feedback is December 25, 2025.On November 26, the European Central Bank (ECB) stated that the regions financial stability faces "rising" risks, with excessively high asset valuations prone to significant corrections and fiscal challenges in some countries potentially testing investor confidence. In its latest Financial Stability Assessment report, the ECB noted, "Market sentiment could shift abruptly, for example, due to a deteriorating growth outlook or disappointing news regarding the application of artificial intelligence (AI)." The report also warned that concerns about high public debt levels in some developed economies could put pressure on global bond markets, potentially leading to international capital flows and currency shocks.On November 26, local time, Russian Presidential Aide Ushakov stated that Russia has not yet formally received the US-proposed "peace plan" for Ukraine, but has obtained the text through informal channels. He indicated that Russia has not discussed the specific details of the US "peace plan" with any party, and several clauses require further analysis. Ushakov stated that Russia holds a positive attitude towards some aspects of the US "peace plan," but many matters still need to be discussed. Ushakov revealed that Russia has obtained multiple versions of the US "peace plan" through informal channels, and their content even contains contradictions.

Unchanged revenue is the lowest in eight quarters for Lenovo

Charlie Brooks

Aug 10, 2022 10:44

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Lenovo Group (OTC:LNVGY), the world's largest personal computer manufacturer, reported flat sales for the April-June quarter when numerous Chinese cities were hit by COVID-19 lockdowns, marking its worst performance in eight quarters.


The $16.96 billion in total revenue was consistent with the $16.87 billion average estimate of seven analysts surveyed by Refinitiv. The net income attributable to shareholders rose by 11% to $516 million.


According to a report by the research firm Counterpoint, key laptop manufacturing partners like as Quanta, Compal, and Wistron saw significant manufacturing disruptions throughout the quarter owing to lockdowns in China. Several companies, notably Intel (NASDAQ:INTC) and Samsung (KS:005930), chipmakers and electronics manufacturers, issued dire warnings about a precipitous decline in demand. The most substantial year-over-year decline since the second quarter of 2013 happened in the most recent quarter, according to Counterpoint.


Lenovo claimed in a press release that "the PC market is experiencing temporary challenges." According to Counterpoint, Lenovo's total PC shipments dropped by 12.7% to 17.4 million units, mostly owing to lackluster consumer demand. With a 24.4% market share, however, Lenovo maintained its worldwide PC market leadership.


Lenovo's server and non-PC industries have expanded, however, due to the need of enterprises to improve their digital capabilities. The non-PC portion of the company's revenue increased by 37% during the quarter.

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