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LG Finally Quit The Mobile Phone Industry

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Earlier this year, LG Mobile released its financial report for the fourth quarter of 2020, which showed that the mobile division’s loss cap for the 2020 calendar year is 841.2 billion won (756.3 million U.S. dollars), and the company has been in a net loss state for six consecutive years.

LG announced in this report that it will “closely review the development direction of its mobile business” and “share its business development direction after determination.” According to reports, the company decided to exit the smartphone industry as early as next week.

“Korea Times” quoted industry sources as recently revealed that the company plans to officially announce the next week on April 5, 2021 after the LG board of directors decides the fate of de.well.

Allegedly, this move was ultimately unachievable after LG tried to negotiate the sale of its mobile phone division. LG officials said that the company is considering several strategies for its mobile business, including selling the entire division and splitting sales and exiting the smartphone business altogether.

As for employees, they are likely to be transferred to the household appliances department. However, since things still depend on the final board meeting, the exact fate of LG’s mobile division will be revealed next week.

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US Dollar Falls Below Rs. 154 Against Pakistani Rupee

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The exchange rate of the Pakistani rupee against the U.S. dollar rose by 74 paisa when trading began in the interbank currency market today. According to currency traders, the local currency appreciated 74 paise against the U.S. dollar to 153.30, a 21-month high. The daily exchange rate of the rupee closed at 154.04.
Since hitting an all-time low of 168.43 rupees in August last year, the rupee has rebounded by more than 14 rupees in the past seven months.
As foreign exchange reserves increased, current account surpluses, increased remittances, and the ongoing pandemic have reduced demand for US dollars, the rupee has gained considerable gains.

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TESLA Becomes a Cryptonize! -TESLA Accepts Bitcoin Payments

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People just imagine digital currency, but as time goes by, imagination becomes reality.

Since Elon Musk got involved in the Bitcoin chain, it has changed the dynamics of businesses and investors. After Tesla bought Bitcoin and eventually fell, the price of Bitcoin rose.

But Elon continued to support Bitcoin, and his tweets did not stop, which also helped other investors to invest in Bitcoin. Through his latest tweet, the price of Bitcoin has been higher than expected.

People just imagine digital currency, but as time goes by, imagination becomes reality.

Since Elon Musk got involved in the Bitcoin chain, it has changed the dynamics of businesses and investors. After Tesla bought Bitcoin and eventually fell, the price of Bitcoin rose.

Source: CBNC
But Elon continued to support Bitcoin, and his tweets did not stop, which also helped other investors to invest in Bitcoin. Through his latest tweet, the price of Bitcoin has been higher than expected.

As CEO Elon Musk announced on Twitter a few hours ago, people can now buy Tesla ready to accept Bitcoin as a car payment.

From Card to Crypto

Source: Teslarati

These are not just the CEO’s words, they are legitimate people, and they can find cryptocurrency methods and the usual card payment methods on the company’s official US website.

Elon Musk also authorized this cryptocurrency method, which is currently only available to U.S. citizens, and will be officially used in other countries later this year.

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