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India Beyond the US: A new era of global partnerships

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India Beyond the US: A new era of global partnerships
Volatility in global markets rarely comes from balance sheets alone; more often it flows from geopolitics, policy shifts and strategic uncertainty. One such overhang today is the ongoing suspense around the India–US trade negotiations. While both nations remain engaged to arrive at a mutually beneficial deal, the possibility of tariff-related disruptions has kept exporters and investors cautious.

The United States: India’s Largest Export Anchor

There is no denying the importance of the United States for India’s trade ecosystem. In FY24–25, the US accounted for nearly 20% of India’s total exports, amounting to USD 86.5 billion, making it our single largest export destination. Key sectors such as engineering goods, electronics, pharmaceuticals, gems and jewellery, and textiles have built strong demand linkages with the US market over the years.

Strategic Export Diversification

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However, what deserves equal attention and appreciation is how strategically India is positioning itself to reduce over-dependence on any one geography. Rather than waiting passively for the outcome of the US negotiations, India has been quietly but aggressively building alternative export corridors across Europe, the Middle East, Oceania regions like Australia, New Zealand and Latin America.

India–European Union FTA

Trade game changer chartETMarkets.com

Source : MOC&I

The most significant step in this direction has been the recently concluded Free Trade Agreement with the European Union (EU), often described as the “mother of all trade deals.” The agreement envisages the removal of tariffs on over 99% of Indian exports to EU, currently valued at approximately USD 75.76 billion, while progressively opening key segments of the Indian market to European Union participants. Over the longer term, the objective is to almost double bilateral trade volumes between India and the EU, significantly strengthening economic integration between the two regions. For sectors like textiles, this is a game-changer. Historically, India faced higher tariffs in Europe compared to competitors such as Vietnam and Bangladesh, putting Indian exporters at a price disadvantage. With tariffs now coming down, Indian textile companies can compete on equal footing in what is the world’s second-largest export market after the US. Over time, this significantly reduces the sector’s heavy reliance on American demand.
The electronics sector stands to benefit just as strongly. Currently, nearly 38% of India’s electronics exports are directed towards the US. The EU, on the other hand, represents a massive USD 750 billion electronics market, where India’s current penetration is still under USD 100 billion. The FTA opens the door for Indian manufacturers to diversify revenue streams and scale meaningfully in Europe. Pharmaceuticals, gems and jewellery, and engineering goods also gain access to a large, high-value consumer base, offering both volume growth and pricing stability.

Expanding the Trade Map

Complementing the EU deal is the recently signed trade agreement with the United Kingdom. The UK currently absorbs around 3.5% of India’s exports, but the new framework provides duty-free access on 99% of Indian goods and targets bilateral trade of USD 100 billion in the coming years. Once again, the biggest beneficiaries are the same export-heavy sectors that are most exposed to the US market. India has also inked FTAs with Oman and New Zealand, which are smaller in scale but strategically important for expanding market presence and building resilient trade networks.

Strengthening Middle East and Asia Corridors

Beyond signed agreements, negotiations are progressing rapidly with countries such as Australia, Chile, Peru, Korea and the Maldives. The urgency reflects a clear diplomatic and economic intent: India wants diversified trade partnerships before any global protectionist wave strengthens.

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Even relationship repair efforts with nations like Canada and deeper engagement with the UAE, India’s second-largest trade partner, underline this broader strategy. India and the UAE aim to double bilateral trade to $200 billion by 2032, further strengthening India’s presence in the Middle East corridor.

Conclusion

From an investor’s lens, this is not just about trade numbers; it is about risk management at a national level. The US will continue to remain a critical partner for India. There is no realistic scenario where India disengages from the American market, nor should it. But what India is systematically ensuring is that no single country holds disproportionate influence over its export-driven sectors or broader economic trajectory. This diversification brings negotiating power, economic stability, and long-term growth resilience.

As markets remain sensitive to headlines around the India–US deal, investors should also recognise the bigger picture unfolding quietly in the background. India is not merely reacting to trade pressure; it is reshaping its global economic footprint.

(The author is Founder & CEO, SAMCO Group)

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The Hershey Co. adds spicy gummies

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The Hershey Co. adds spicy gummies

Jolly Rancher Heat Wave Gummies are available in five flavors. 

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ECB Survey Records ‘Unexpected’ Tightening in Bank Lending

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ECB Survey Records ‘Unexpected’ Tightening in Bank Lending

Eurozone banks tightened their conditions for loans to businesses in the final three months of 2025, an unexpected development lenders expect will continue in the early months of this year, the European Central Bank said Tuesday.

Publishing the results of a quarterly survey, the ECB said much of the tightening was reported in Germany and France, and “partly but not exclusively” involved loans to businesses that were affected by higher U.S. tariffs.

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Atlanta newspaper announces 50 job cuts across newsroom and business operations

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Atlanta newspaper announces 50 job cuts across newsroom and business operations

The Atlanta Journal-Constitution (AJC) announced Tuesday that it would be laying off newsroom employees along with other staff across the company, according to the outlet.

About 50 positions will be cut as part of the layoffs and roughly half are newsroom positions, according to the AJC, which is 15% of the paper’s total staff.

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“We’ve made these difficult decisions because we believe they will best position us to continue to accelerate the AJC’s growth,” President and Publisher Andrew Morse said, according to the paper. “We have invested heavily in our editorial, product and business teams over the last three years, and we’ve seen direct results from that investment.”

The paper previously announced in August that it would be cutting jobs and scrapping its print edition starting in 2026, with the final issue scheduled for Dec. 31, 2025.

BROADCAST BIAS: MEDIA CIRCLE THE WAGONS TO PROTECT THEIR ANTI-TRUMP REPORTING

Copies of the Atlanta Journal-Constitution

Copies of The Atlanta Journal-Constitution are seen on a newspaper rack on Aug. 28, 2025, in Atlanta, Georgia.  (Elijah Nouvelage / Getty Images)

“As we grow, we must be agile and ensure we are devoting resources where they will have the most impact for our audience,” Morse said. “While these changes are difficult on a personal level, they will best position the AJC to continue delivering journalism worth paying for.”

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The decision to eliminate the print paper resulted in the “elimination of about 30 full- and part-time jobs involved in designing and distributing the newspaper” as the Atlanta Journal-Constitution shifted to digital-only publishing.

Staffers were alerted on Tuesday that the AJC offices would be closed Wednesday, and it would be a remote workday.

ATLANTA NEWSPAPER STUNNED BY DEMOCRATS PICKING CHICAGO FOR 2024 NATIONAL CONVENTION: ‘SAY IT AIN’T SO, JOE’

Atlanta Journal-Constitution newstand

 Print copies of The Atlanta Journal-Constitution are seen on a newspaper rack inside a Kroger supermarket on Aug. 28, 2025, in Atlanta, Georgia.  (Elijah Nouvelage / Getty Images)

Employees affected by the layoffs will be briefed in meetings on Wednesday and will receive severance packages, according to the paper.

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Morse told the AJC that the paper’s owner, Cox Enterprises, believes the transformation to digital only will be beneficial in the long term.

“We are not taking our foot off the gas,” he said. “Cox remains deeply committed to the AJC, our team remains deeply committed to growth, and we will continue to invest in areas that are critical to the growth of our organization.”

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The Atlanta Journal-Constitution published its last print edition on Dec. 31.  (iStock / Getty Images)

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Fox News’ Brian Flood contributed to this report.

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Thousands evacuated as storm hits Spain, Portugal

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Thousands evacuated as storm hits Spain, Portugal
Ronda: A storm unleashing up to 35 centimetres (14 inches) of rain in 24 hours battered the Iberian Peninsula on Wednesday, forcing thousands of people in southern Spain from their homes, shutting schools and cancelling trains.

Spanish weather agency AEMET placed parts of the southern region of Andalusia under the highest red alert for the torrential rain dumped by Storm Leonardo.

An “extraordinary amount of rain” was falling in a region where “the ground is very saturated and riverbeds are already carrying a lot of water” from recent precipitation, AEMET spokesman Ruben del Campo said.

The mayor of the nearby city of Ronda, Maria Paz Fernandez, told public broadcaster RTVE that “the ground can no longer absorb” the constant downpours, speaking of “numerous landslides” in the surrounding rural areas.

Andalusia’s top emergency official, Antonio Sanz, told a press conference that the situation was “very worrying” in the nearby mountainous municipality of Grazalema, where AEMET predicted up to 35 centimetres of rain in 24 hours.

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Around 3,500 people had been evacuated in Andalusia, where more than 650 incidents were recorded, none of them causing serious damage, Sanz said, adding that one person was injured in a building collapse.
Spanish police published footage of flooded fields and torrents of water that were engulfing buildings and vehicles.Hundreds of soldiers deployed to assist the rescue services, while all Andalusian schools were closed apart from in the region’s easternmost province of Almeria.

State railway company Renfe announced the cancellation of almost all suburban, regional and long-distance trains across Andalusia, with no bus replacement services possible due to the state of the roads, dozens of which were closed.

Scientists say human-driven climate change is worsening the intensity, frequency and length of such extreme weather events.

In October 2024, Spain suffered its deadliest floods in decades with more than 230 people killed, mostly in the eastern region of Valencia.

Portugal hit again
In Portugal, the emergency services had dealt with more than 3,300 incidents since Sunday, mostly due to flooding, falling trees and landslides, according to the Civil Protection authority.

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The service had deployed more than 11,000 people to respond to the emergency, and around 200 residents were evacuated in central Portugal on Wednesday.

In Alcacer do Sal, south of Lisbon, the Sado river had burst its banks and the rising water had submerged the town’s main avenue, AFP journalists saw.

The Lisbon region and the Algarve in the south were most affected, with the rain and wind predicted to reach peak intensity overnight Wednesday to Thursday.

Tens of thousands of customers remained cut off from the power grid following last week’s Storm Kristin, which killed five people and injured hundreds.

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Unifi, Inc. (UFI) Q2 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Q2: 2026-02-03 Earnings Summary

EPS of -$0.48 beats by $0.09

 | Revenue of $121.37M (-12.61% Y/Y) beats by $1.19M

Unifi, Inc. (UFI) Q2 2026 Earnings Call February 4, 2026 8:30 AM EST

Company Participants

Albert Carey – Executive Chairman
Edmund Ingle – CEO & Director
A.J. Eaker – CFO, Executive VP & Treasurer

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Conference Call Participants

Anthony Lebiedzinski – Sidoti & Company, LLC

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Presentation

Operator

Good morning, and thank you for attending Unifi’s Second Quarter Fiscal 2026 Earnings Conference Call. During this call, management will be referencing a webcast presentation that can be found in the Investor Relations section of unifi.com. Please familiarize yourselves with Page 2 of the slide deck for cautionary statements and non-GAAP measures.

Today’s conference is being recorded [Operator Instructions]. Our speakers are listed on Page 3 of today’s presentation and include Al Carey, Executive Chairman; Eddie Ingle, Chief Executive Officer; A.J. Eaker, Chief Financial Officer.

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I will now turn the call over to Al Carey. Please turn to Page 4 of the presentation. You may begin.

Albert Carey
Executive Chairman

Thank you. Well, good morning, everyone, and thanks for joining our call this morning. I’m happy to report that we’re beginning to see results in our business that are coming from a major effort that began one year ago, which is essentially resetting our cost base in North America business. The closing of the Madison facility and the reduction of costs across the board have created clear operating improvements that are going to allow us to make healthy profits on a much smaller sales level.

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Now a couple of highlights, and A.J. will go into more details on these later on. We’re pleased to see improved profit margins improved free cash flow. We have dramatically improved our inventory turns and it’s probably the best we’ve seen in recent history. We have 25% fewer people in North America, and our plant efficiencies have come way up from the summertime now that all

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Fox Corporation ad revenue grows on news and sports programming strength

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Fox Corporation ad revenue grows on news and sports programming strength

Fox Corporation on Wednesday reported its second-quarter earnings that beat analysts’ estimates amid growth in advertising revenue from the company’s news networks and sports programming.

The company reported $5.18 billion in revenue for the second quarter of its 2026 fiscal year, an increase of 2% from the prior year quarter and above the LSEG estimate of $5.06 billion. Distribution revenues were up 4% in the quarter, driven mainly by 5% growth in Fox’s cable network programming segment.

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Advertising revenues were 1% higher primarily because of higher pricing for ads during sports and news programs, additional MLB postseason games, as well as digital growth led by Tubi – Fox’s free, ad-supported streaming platform. Ad revenue growth was partially offset by lower political advertising revenues and lower ratings.

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Fox Corp. is the parent company of Fox News Digital, Fox News Channel and FOX Business Network. (Erik McGregor/LightRocket via Getty Images)

FOX CORP HITS ADVERTISING REVENUE RECORD IN FIRST QUARTER

Fox’s cable programming, which includes Fox News Channel and FOX Business Network as well as its cable sports networks, grew revenue 5% to $2.28 billion in the quarter, while its advertising revenue rose about 7%. 

“Whether streaming, linear, social or digital, Fox News Media continues to meet our audiences where they are,” Fox CEO Lachlan Murdoch said on the company’s earnings call. “Over the past 12 months, a fast-moving and consequential news cycle has reinforced Fox News Media’s leadership position, with audiences turning to the network for live coverage and in-depth analysis.”

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Fox Corp. CEO Lachlan Murdoch

Fox Corp. CEO Lachlan Murdoch noted the rise in advertising revenue despite political ad spending declining compared with last year. (Drew Angerer/Getty Images)

“Fox News again finished the quarter as the most watched cable network in total day, while maintaining its lead as the most watched cable news network and producing the top 11 cable news programs,” he noted. “According to recent Nielsen data, Fox News is the number one cable news network among all three political parties, which bodes well for the upcoming political election cycle.”

APPLE SEES BIGGEST SALES JUMP IN 4 YEARS, POWERED BY ‘STAGGERING’ IPHONE DEMAND

“On the digital side, social media views for Fox News Digital were up an astounding 170% over the prior year, and both Fox News and FOX Business ranked number one in YouTube video views among their peers during the quarter,” Murdoch added.

Murdoch said that Tubi saw its most streamed quarter of all time and grew total viewer time by 27% year over year, with the streaming platform’s content slate expanding to include a simulcast of an NFL game on Thanksgiving.

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TUBI CEO: TUBI IS COMMITTED TO BEING A FREE STREAMER

Fox’s subscription streaming service, Fox One, completed its first full quarter since launching in August, and Murdoch noted the company hasn’t seen any cannibalization of traditional subscribers to date as it looks to market the platform to cord cutters. 

He said that live sporting events are driving the majority of engagement on Fox One, news accounts for about one-third of the minutes viewed and that news viewers engage with the platform more frequently than non-news viewers.

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Fox Corporation is the parent company of FOX Business.

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Startup seeking to take lentils to the next level

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Startup seeking to take lentils to the next level

Lentil Telepathy is manufacturing lentil-based, ready-to-eat snacks. 

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Cencora, Inc. (COR) Q1 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Cencora, Inc. (COR) Q1 2026 Earnings Call February 4, 2026 8:30 AM EST

Company Participants

Bennett Murphy – Senior VP Of Investor Relations & Enterprise Productivity and Treasury
Robert Mauch – President, CEO & Director
James Cleary – Executive VP & CFO

Conference Call Participants

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Glen Santangelo – Barclays Bank PLC, Research Division
Elizabeth Anderson – Evercore ISI Institutional Equities, Research Division
Lisa Gill – JPMorgan Chase & Co, Research Division
Michael Cherny – Leerink Partners LLC, Research Division
Erin Wilson Wright – Morgan Stanley, Research Division
Stephen Baxter – Wells Fargo Securities, LLC, Research Division
Eric Percher – Nephron Research LLC
Allen Lutz – BofA Securities, Research Division
Charles Rhyee – TD Cowen, Research Division
George Hill – Deutsche Bank AG, Research Division
Steven Valiquette – Mizuho Securities USA LLC, Research Division
Kevin Caliendo – UBS Investment Bank, Research Division
Daniel Grosslight – Citigroup Inc., Research Division

Presentation

Operator

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Hello, everyone, and thank you for joining the Cencora Fiscal 2026 First Quarter Results Call. My name is Lucy, and I’ll be coordinating your call today. [Operator Instructions] It is now my pleasure to hand over to your host, Bennett Murphy, Senior Vice President of Investor Relations and Enterprise Productivity to begin. Please go ahead.

Bennett Murphy
Senior VP Of Investor Relations & Enterprise Productivity and Treasury

Good morning, good afternoon. Thank you all for joining us for this conference call to discuss Cencora’s fiscal 2026 first quarter results. I am Bennett Murphy, Senior Vice President, Investor Relations and Enterprise Productivity. Joining me today are Bob Mauch, President and CEO; and Jim Cleary, Executive Vice President and CFO.

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On today’s call, we will be discussing non-GAAP financial measures. Reconciliations of these measures to GAAP are provided in today’s press release, which is available on our website at investor.cencora.com. We’ve also posted a slide presentation to accompany today’s press release on our investor website. During this conference call, we

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Gold Rebounds After Selloff

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Stocks Little Changed After Fed Decision

Gold prices regained ground after two sessions of heavy selling, with futures in New York rising 6.5% to $4,955.90 a troy ounce.

The earlier selloff was triggered by President Donald Trump’s nomination of Kevin Warsh as the next Federal Reserve chair—a choice markets viewed as more hawkish than other contenders—alongside a rebound in the dollar.

“Prices had previously moved well beyond levels typically associated with pure safe-haven demand linked to geopolitical or macro uncertainty,” Sucden Financial analysts said. “As a result, the correction appears less about uncertainty subsiding and more about excess positioning being cleared.”

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July 2026 Launch Expected with Major Upgrades & Wider Variant

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Samsung Galaxy S26 Ultra Set for February 25 Unveiling at

Samsung Electronics Co. is gearing up for what could be its most ambitious foldable year yet, with the Galaxy Z Fold 8 slated for an official unveiling in July 2026 during the company’s summer Galaxy Unpacked event, according to multiple leaks, industry reports and supply chain filings.

The flagship book-style foldable, along with the Galaxy Z Flip 8 and a new wider variant dubbed the Galaxy Z Fold 8 “Wide,” is expected to headline the event, marking a pivotal moment as Samsung defends its dominance in the foldable market against intensifying competition — particularly from Apple’s anticipated first foldable iPhone, rumored for later in 2026.

Leakers including Evan Blass, Ice Universe and outlets such as ET News, PhoneArena and Forbes have converged on a mid-summer timeline, aligning with Samsung’s established pattern. The Galaxy Z Fold 7 launched in July 2025, following predecessors like the Z Fold 6 in 2024. Pre-orders typically open immediately after the Unpacked keynote, with devices hitting retail shelves within two to three weeks — pointing to general availability by late July or early August 2026.

A GSMA database certification for models including SM-F976 (standard Z Fold 8) and SM-F971 (the “Wide” variant) supports global rollout plans, with listings indicating availability in key markets such as the U.S., China, Canada, Korea and Europe. Unlike the limited-edition Galaxy Z TriFold released in January 2026 at a premium $2,899 price point, the Z Fold 8 series is positioned for broader consumer access.

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Design Evolution: Thinner, Lighter and Crease-Free Ambitions

Samsung’s focus for the Galaxy Z Fold 8 appears centered on addressing long-standing foldable pain points: weight, thickness and the visible display crease. The Z Fold 7 already slimmed down to 215 grams from the Z Fold 6’s 239 grams, but leaks suggest the Z Fold 8 could drop further to around 200 grams — barely heavier than many traditional slab flagships.

This weight reduction would come despite a rumored battery capacity increase to 5,000mAh from the Z Fold 7’s 4,400mAh, potentially delivering better all-day endurance. Reports from Korean media like Maeil Business and SamMobile indicate Samsung is exploring advanced materials and hinge designs to achieve this balance.

A major highlight is the push toward a “nearly crease-free” inner display. Leaks from CES 2026 demonstrations and supply chain sources point to new “laser-drilling metal plate technology” for the hinge, minimizing the fold line that has plagued foldables since their inception. Some reports claim this could represent the “first true crease-free foldable display” in a commercial device, though real-world visibility remains to be tested.

The standard Z Fold 8 is expected to retain a roughly 7.6-inch inner OLED panel with a high refresh rate (likely 120Hz) and the signature narrow 6.3-inch cover screen. Cover display usability has improved across generations, and further refinements in aspect ratio and bezels are anticipated.

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The ‘Wide’ Variant: A Direct Response to Apple’s Foldable Push

Perhaps the biggest surprise in the 2026 lineup is the Galaxy Z Fold 8 “Wide,” a variant with a squarer 4:3 aspect ratio inner display (around 7.6 inches unfolded) and a 5.4-inch cover screen. This design shift aims to better suit video consumption, multitasking and app compatibility — addressing criticisms of the traditional tall-and-narrow Z Fold format.

ET News and Forbes reports indicate the Wide model was initially eyed for a fall release to directly counter Apple’s rumored iPhone Fold (expected September 2026 with a similar 4:3 inner display). However, recent updates confirm it will launch alongside the standard Z Fold 8 in Q3 2026, potentially giving Samsung a head start. Production targets of around 1 million units for the Wide variant suggest cautious optimism for its market reception.

The wider format could enhance productivity features like DeX mode, multi-window multitasking and S Pen support (rumored to return or improve). It also positions Samsung to capture users transitioning from tablets or those frustrated by vertical video cropping on standard foldables.

Camera, Performance and AI Upgrades

While full specs remain under wraps, leaks point to meaningful camera improvements. The ultrawide lens is expected to upgrade from 12MP to 50MP, joining a likely 50MP main and telephoto setup for better low-light performance and detail.

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Under the hood, Qualcomm’s Snapdragon 8 Elite Gen 2 (or equivalent) is the frontrunner, paired with up to 16GB RAM and storage options starting at 256GB. One UI 8 based on Android 17 will bring deeper Galaxy AI integration, including enhanced real-time translation, note summarization and photo editing tools tailored for the large inner screen.

Durability remains a priority, with IPX8 water resistance expected to continue and potential advancements in hinge cycles (aiming for 200,000+ folds).

Pricing and Market Strategy

Pricing is a point of speculation. The Galaxy Z Fold 7 started around $1,799–$1,999, and while some reports suggest stability, others warn of a potential uptick due to component costs and upgrades. The Wide variant could carry a slight premium, though Samsung aims to keep the lineup competitive against emerging rivals.

Samsung’s production plans reflect confidence in the book-style form factor. Industry sources report targets of approximately 3.5 million Z Fold 8 units (including variants) for the second half of 2026, surpassing the 2.5–3 million for the Z Flip 8 — a reversal from recent years where the Flip outsold the Fold.

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This shift underscores Samsung’s belief that larger-screen foldables will drive growth as the category matures. With foldable shipments growing globally and Apple poised to enter, the Z Fold 8 series represents a critical defense of market leadership.

Competition and Consumer Impact

The foldable landscape in 2026 is heating up. Google’s Pixel Fold successors, OnePlus Open updates, Honor and Oppo devices, plus Apple’s debut, create a crowded field. Samsung’s advantages include ecosystem integration (Galaxy Watch, Buds, tablets), proven reliability improvements and aggressive AI features.

For consumers, the Galaxy Z Fold 8 promises a more refined experience: lighter for pocketability, longer battery life for productivity, better cameras for creators and a wider option for media enthusiasts. Early adopters may see trade-in deals and carrier promotions at launch.

Samsung has not commented on the leaks or confirmed details. As with previous generations, full specifications, pricing and availability will be revealed at the July 2026 Unpacked event.

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With months until announcement, anticipation builds for how Samsung will balance innovation, durability and price in its quest to make foldables mainstream. The Galaxy Z Fold 8 could mark a turning point — proving foldables are no longer niche but essential for power users.

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