city New Delhi India covid-19 experts president pandemic Mobile Enterprise city New Delhi India

Laptops demand ebbs as pandemic eases

Reading now: 642
www.livemint.com

NEW DELHI : The pandemic-led shift to remote work, which fuelled massive demand for PCs and laptops in the last two years, is starting to fade.

Analysts and IT industry experts expect sales to weaken further due to a slump in consumer demand driven by inflationary pressures.

This, in turn, will force brands to cut prices of consumer laptops and offer either discounts or bundled offers for commercial deals. “PC refresh happens in cycles.

We are past the highest cycle which was during covid-19. That sort of growth cycle will not happen again. The double-digit decline will continue for the next 2-3 quarters," said Tarun Pathak, research director at Counterpoint Research.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

Sajith Premadasa - Ranil Wickremesinghe - Dinesh Gunawardena - Sri Lanka’s President and PM issues statements to mark the 75th Independence Day - newsfirst.lk - Sri Lanka
newsfirst.lk
59%
806
Sri Lanka’s President and PM issues statements to mark the 75th Independence Day
Sri Lanka's President and Prime Minister issued statements to mark the 75th Independence Day.In his message, President Ranil Wickremesinghe says there is a new economic and social reform agenda before the country with the objectives focusing first on recovery and then on renewed development. The Head of State stated it is imperative for us to unite in its implementation so that we can emerge with a high level of economic prosperity. He pledged to make the extremely difficult though vital decisions to achieve this goal with courage and determination. Prime Minister Dinesh Gunawardena in his message to mark the 75th Independence Day said "today, we not only celebrate our freedom, but also pay tribute to the ones who fought for it, to the ones who held a vision for our country, and to the ones who sacrificed themselves for the same." The Premier says the bravery, heroic acts as well as untold miseries suffered by our forefathers during their struggle for freedom of the Motherland must not be allowed to fade away from our memories.The Prime Minister adds the government has taken a series of measures to ensure recovery of the economy, and increase agricultural production to attain self-sufficiency and food security. Opposition Leader Sajith Premadasa also issued a statement to mark the 75th Independence Day. He stated "despite the fact that Sri Lanka has been independent for 75 years, we have failed to make that independence meaningful on national, social, educational, and religious levels."The Opposition Leader stated being trapped in "narrow chauvinism and communalism" is not the way to experience true freedom.
Two PUCSL members submit resignation letters to the President - newsfirst.lk - Sri Lanka
newsfirst.lk
36%
806
Two PUCSL members submit resignation letters to the President
COLOMBO (News 1st) – Udeni Wickramasinghe & Mohan Samaranayake have informed the President that they would be resigning from the Public Utilities Commission of Sri Lanka.Mohan Samaranayake in his letter of resignation had noted that the work environment, and the work style of the PUCSL has become highly unprofessional, unpleasant, and intolerable.He added that the situation has degenerated to such an extent that on 20th January 2023 when a special meeting of the commission was held, a group of thugs was organized and allowed inside the commission premises who indirectly threatened him with physical assault and destruction of property.He noted that the act of hooliganism was justified by the insinuation by the PUCSL Chairman at the National Council meeting on 24th January 2023 with the participation of the members of the commission.Samaranayake noted that the justification of threats against him indicated he run the risk of being threatened and even assaulted in the future.He also noted that the Chairman of the Public Utilities Commission of Sri Lanka by violating Section 9 (5) of the PUCSL Act continues to make decision and statements purported to be that of the commission without the concurrence of the rest of the members, thereby making other members redundant.Mohan Samaranayake said that he had been humiliated and painted the villain before the society.He also noted that the failure on the part of the government authorities to counter legal and other arguments against the proposed electricity tariff hike with irrefutable facts, leave the people in a quandary.Udeni Wickramasinghe noted that he decided to resign from the PUCSL due to personal reasons. 
CEB takes back assurance on suspending power cuts - newsfirst.lk - Sri Lanka
newsfirst.lk
72%
221
CEB takes back assurance on suspending power cuts
COLOMBO (News 1st) – The Ceylon Electricity Board informed the Supreme Court on Friday (3) that it would be withdrawing the assurance that it gave to refrain from imposing power cuts until the Contempt of Court application filed by the Human Rights Commission of Sri Lanka is taken up for consideration, and the matter is concluded.President's Counsel Romesh De Silva appearing for the CEB made the announcement to the court.The matter was taken up in the presence of Justices Gamini Amarasekera, Kumuduni Wickremesinghe, and Shiran Gunaratne for consideration.Thereafter, the President's Counsel noted that the assurance will be withdrawn with effect from Friday (3).President's Counsel Upul Jayasuriya appearing for the Human Rights Commission of Sri Lanka requested for an interim order to prevent the CEB from imposing Power Cuts during the period of the Advanced Level Examination is over, if the respondent is withdrawing the assurance that it gave to the Supreme Court on Thursday (2).However, the Supreme Court rejected the request and fixed the matter to be taken up again on the 7th of February at 1:30 PM.The Human Rights Commission of Sri Lanka had moved to the Supreme Court against the Ceylon Electricity Board for failing to follow the directive to provide an uninterrupted supply of electricity until the end of the G. C.
Joe Biden - Ranil Wickremesinghe - Sri Lanka and US have always been strong together – Joe Biden in letter to President - newsfirst.lk - Usa - Sri Lanka
newsfirst.lk
88%
729
Sri Lanka and US have always been strong together – Joe Biden in letter to President
COLOMBO (News 1st); US President Joe Biden has conveyed his best wishes to President Ranil Wickremesinghe and the people of Sri Lanka on the occasion of the 75th Anniversary of Sri Lankan Independence.The communication from President Biden was handed over to President Wickremesinghe by the US Under-Secretary for Political Affairs Victoria Nuland when she called on President Wickremesinghe on Wednesday (01), at the President's Office.US President Joe Biden had stated that he looks forward to strengthening and deepening the bilateral friendship even further and, together, continuing to advance the shared values and vision for a peaceful, prosperous and secure future for the people of the two countries.He pointed out that this milestone independence anniversary, coincides with the 75 years of diplomatic relations between the US and Sri Lanka.President Biden acknowledged that the longstanding partnership has helped to advance peace and prosperity across the region and globally. The US President recalled that both nations – throughout their shared history – “have tackled formidable global challenges, including the combatting of climate change, addressing the scourge of human trafficking and maintaining a secure, free and open Indo-Pacific”.President Biden pointed out that bilateral trade and economic ties have been strengthened and deepened, and that Sri Lanka and the U.S., as democracies, have always been stronger when standing together, while being united in a shared commitment to freedom, opportunity and equality, said the President's Media Division.Source: PMD
Bondholders Group prepared to engage with Sri Lanka on Debt Restructuring - newsfirst.lk - India - Sri Lanka - state Indiana
newsfirst.lk
86%
848
Bondholders Group prepared to engage with Sri Lanka on Debt Restructuring
COLOMBO (News 1st) – The Ad Hoc Group of Sri Lanka Bondholders (the "Bondholder Group") in a letter to the IMF Managing Director has confirmed it is prepared to engage, through its Steering Committee, with the Sri Lankan authorities in restructuring negotiations consistent with the parameters of an IMF Programme and the targets specified therein (the "IMF Programme Targets").The Ad Hoc Group of Sri Lanka Bondholders (the "Bondholder Group") has acknowledges the Sri Lankan authorities' engagement with their official creditors towards a resolution of the current crisis and restoration of debt sustainability.The Bondholder Group further acknowledged that such engagement has recently resulted in the Government of India (in its letter to the IMF, dated January 16, 2023 (the "India Letter")) delivering letters of financing assurances, committing to support Sri Lanka and contribute to its efforts to restore debt sustainability by providing debt relief and financing consistent with the IMF Extended Fund Facility Arrangement (the "IMF Programme") and the IMF Programme targets indicated in the India Letter.Similarly, the Bondholder Group through its Steering Committee stands ready to engage quickly and effectively with the Sri Lankan authorities to design and implement restructuring terms that would help Sri Lanka restore debt sustainability and allow the country to re-gain access to the international capital markets during the IMF Programme period.The Bondholder Group understands that the IMF Programme's debt sustainability targets are identified as (i) reducing the ratio of public debt to GDP to 95% by 2032,  (ii) limiting the central government's annual gross financing needs to GDP ratio to 13% in the period between 2027 and
Sri Lankans - Exercise increased caution in Sri Lanka; New Zealand tells travelers - newsfirst.lk - Sri Lanka - New Zealand
newsfirst.lk
61%
945
Exercise increased caution in Sri Lanka; New Zealand tells travelers
COLOMBO (News 1st) – New Zealand has advised its citizens to Exercise increased caution in Sri Lanka due to the impacts of the economic crisis, the potential for civil unrest and the risk of terrorism.The Ministry of Foreign Affairs and Trade for New Zealand in its official portal noted that Sri Lanka has stabilised somewhat since the widespread shortages and associated large protests and consequent changes in political leadership in mid-2022. There are still sporadic shortages of basic goods including medicines and some food due to the economic position of the country and living conditions of Sri Lankans, which have significantly deteriorated in the past year. It added that there is a restricted/limited supply of fuel including diesel, petrol and cooking gas, which is being rationed. The rationing system has reduced queues but there may occasionally be difficulties or delays obtaining specific types of fuel, particularly outside of Colombo.It added that Travellers should ensure they have transport plans and contingency plans in place ahead of any journeys to or around Sri Lanka. It also advises New Zealanders in Sri Lanka to avoid protests, demonstrations, political rallies and events, large crowds and queues. On Terrorism, New Zealand says there is an ongoing threat of terrorism in Sri Lanka.It added that in response to the 2019 April Attacks, the country’s security presence has increased, and security has since improved across the country.More details on : https://www.safetravel.govt.nz/sri-lanka
Paris Club to give Sri Lanka financing assurances amid IMF debt talks - newsfirst.lk - China - city Beijing - India - Sri Lanka
newsfirst.lk
69%
754
Paris Club to give Sri Lanka financing assurances amid IMF debt talks
(Reuters) – The Paris Club of creditor nations is ready to provide financing assurances to Sri Lanka, a key step needed to unlock a $2.9 billion bailout by the International Monetary Fund (IMF), two sources with direct knowledge of the matter told Reuters.The informal group of bilateral lenders is set to "soon" announce its support to the crisis-hit nation on a debt overhaul, said one of the people, who asked not to be named because talks are private.The Asian island nation, which is grappling with soaring inflation, a recession and currency depreciation, entered into a staff level agreement with the IMF last September.But it needs financing assurances from key bilateral lenders before the fund's executive board approves the programme.Sri Lanka's public debt stood at 122% of GDP, of which 70% is denominated in foreign currency, according to data in a country presentation to investors in November.China and India, both non-Paris Club members, are the top bilateral lenders. "Paris Club assurance is not reliant on China," said the source.Another source said the informal group is currently reaching out to other non-Paris Club besides China on financing assurances, but did not provide any further details.India previously committed to help ease the debt burden of neighbour Sri Lanka as part of the IMF programme, and China's Eximbank offered a two-year moratorium in a letter sent to the island nation in January.While the IMF has not yet provided any guidance on where the lender stands regarding China's assurances to Sri Lanka, a U.S.
Sri Lankans - Ranil Wickremesinghe - Julie Chung - US pledges support for Sri Lanka’s recovery efforts - newsfirst.lk - Usa - Sri Lanka
newsfirst.lk
89%
973
US pledges support for Sri Lanka’s recovery efforts
COLOMBO (News 1st) –  Victoria Nuland, the Under Secretary of State for Political Affairs of the United States, called on President Ranil Wickremesinghe in Colombo on Wednesday (1).She is on an official visit to the country, and she discussed the economic crisis in Sri Lanka, and the ongoing US assistance to the Sri Lankan people.US Ambassador to Sri Lanka Julie Chung accompanied Nuland for the meeting, where both sides further discussed ways both the United States of America and Sri Lanka are working together toward an inclusive, prosperous and secure future for all Sri Lankans.According to the President's Media Division, the President in his meeting with Victoria Nuland, the Under Secretary of State for Political Affairs of the United States, thanked the US Government for their support during difficult times. Under-Secretary Nuland had pledged the US Government’s support for Sri Lanka's ongoing recovery efforts.The discussion also focussed on the on-going discussions with the International Monetary Fund (IMF), while the U.S. pledged to continue to support the negotiations with the aim of swiftly resolving the issues.The President outlined the measures being taken in regard to the reconciliation talks with the minority parties in Sri Lanka, including the full implementation of the 13th Amendment.Discussions also focussed on the on-going efforts to combat the growing narcotics trade, with the U.S.
Ozzy Osbourne - Sharon Osbourne - Ozzy Osbourne admits 'my body is weak' as he announces health has ended his touring days - express.co.uk - Britain
express.co.uk
60%
521
Ozzy Osbourne admits 'my body is weak' as he announces health has ended his touring days
Ozzy Osbourne, 74, has shared one of the "hardest things" he has ever had to do as he announced that he will no longer be touring with Black Sabbath.The legendary singer took to Twitter to share a lengthy statement with his upset fans.Ozzy shared a statement in view of his 5.5 million Twitter followers with the caption: "This is probably one of the hardest things I've ever had to share with my loyal fans..."The statement read: "As you all know, four years ago, this month, I had a major accident, where I damaged my spine."My one and only purpose during this time has been to get back on stage. My singing voice is fine."However, after three operations, stem cell treatments, endless physical therapy sessions, and most recently groundbreaking Cynbernics (HAL) Treatment, my body is still physically weak."I am honestly humbled by the way you've all patiently held onto your tickets for all this time, but in all good conscience, I have now come to the realisation that I'm not physically capable of doing my upcoming European/UK tour dates, as I know I couldn't deal with the travel required."Believe me when I say that the thought of disappointing my fans really F**KS ME UP, more than you'll ever know."Never would I have imagined that my touring days would have ended this way?"My team is currently coming up with ideas for where I will be able to perform without having to travel from city to city and country to country."The statement continued: "I want to thank my family...
Bandula Gunawardena - Ranil Wickremesinghe - President orders to further curtail government expenditure - newsfirst.lk - Sri Lanka
newsfirst.lk
44%
267
President orders to further curtail government expenditure
COLOMBO (News 1st); In a note to the Cabinet, President Ranil Wickremesinghe, in his capacity as the Minister of Finance, had stated that the Government revenue at present is far below the monthly expenditure for the month of January 2023.The President's Media Division, and Cabinet Spokesperson Minister Bandula Gunawardena confirmed that the President had instructed on further curtailing government expenses.The President had noted that the Treasury finds it challenging to meet all expenditures at this moment, except for payments for salaries, pensions, welfare, pharmaceuticals and debt servicing.Therefore, President Wickremesinghe had pointed out that the Government expenditure will have to be curtailed further / postponed until planned revenue to be raised on the recent tax revisions is realized, reported the President's Media Division.He had noted that the Treasury will formulate a priority criterion for this purpose.Furthermore, the President had pointed out that public officers should refrain from obtaining goods/services on credit basis, and any officer who violates this will be held personally responsible for such expenditure, said the PMD."The President informed the Cabinet of Ministers that the revenue for January collected from the Inland Revenue Department, Sri Lanka Customs and the Excise Department was Rs. 158.7 Billion.
DMCA