HTC to lay off 1,500 employees


The 1,500 affected employees are from HTC's manufacturing operations in Taiwan.

The official statement by HTC said "Today HTC announces a plan to optimise the manufacturing organisations in Taiwan ..."

Barcelona pull out of chase for Chelsea's Willian
The La Liga champions want the 29-year-old to add depth to their attack after the departure of Andres Iniesta. Long-term admirers Manchester United are waiting in the wings and have also posted an interest.

In the first quarter, HTC posted a net profit of NT$21.1 billion, compared with a net loss of NT$9.8 billion in the previous quarter, with earnings per share of NT$25.70.

Shares in the firm plunged 6.71 percent to Tw$52.80 in Taipei and are sharply down from a high of Tw$1,300 in 2011 as its share of the global smartphone market has been worn away.

Trump administration seeks to drop Iran's oil revenue to nothing
Iran is among the nations with the highest oil serves, along with Saudi Arabia, which is the world's leading exporter of oil. OPEC's June output was 32.32 million barrels per day (bpd), a Reuters survey showed on Monday, up 320,000 bpd from May.

The mobe maker has persistently failed to come up with anything that pushes it ahead of competitors, leading to a billion-dollar deal late previous year with Google to effectively sell 2,000 of its handset engineers to the monster web corp.

A HTC "U11" smartphone is displayed in this illustration photo taken August 1, 2017.

Federer stuns by appearing in Uniqlo instead of Nike
The good thing is it's not theirs forever. 'With the shoe situation, I don't have a shoe deal. Roger Federer is now with UNIQLO, leaving Nike for a massive deal.

Under the deal, half of HTC's smartphone research and development team - about 2,000 people - would go to Google. The company also said the layoffs would be completed by the end of September and would further its plan to put its smartphone and VR businesses under one roof in each region. However, analysts have been sceptical about the earning potential of its investments in virtual reality and other emerging areas.