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HMD – Mattel launches Barbie phone

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HMD Global, which makes Nokia, opens new tab-branded phones, said it has teamed up with toymaker Mattel, to launch the HMD Barbie Phone – a pint-sized pink feature flip phone with a retro design.The phone, priced at 99 pounds ($131.24), is available starting on Wednesday. The device allows users to make calls and send texts but gives no access to social media apps.

The Barbie-pink keypad has hidden designs featuring palm trees, hearts and flamingos that light up in the dark, the company said.

The launch coincides with the Barbie doll’s 65th birthday this year and follows the success of last year’s “Barbie” movie starring Margot Robbie, which grossed $1.4 billion at the global box office.

“I’d imagine quite a few people will be tempted to buy it as a bit of fun, but in reality, everyone is so dependent on their smartphones that anything more than the odd day of detox will be a stretch,” said Ben Wood, chief analyst at research firm CCS Insight.

Research firm CCS Insight estimates that HMD could sell more than 400,000 Barbie phones in the UK, where it will be available through Vodafone and Argos.

Finnish firm HMD, which is backed by Alphabet’s Google and Qualcomm has launched several feature phones, including reissues of classic Nokia phones such as the 3210 and 3310.

(Reuters)

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CBSL warns on 21 companies conducting pyramid schemes

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Central Bank of Sri Lanka (CBSL) has conducted investigations and determined 21 companies as those that have engaged in pyramid schemes prohibited under Section 83 (C) of the Banking Act, No. 30 of 1988 as amended.

The companies are as follows :

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Sathosa slashes brown sugar price

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Lanka Sathosa, the only state owned supermarket chain in the country, has announced a price drop of brown sugar.

Accordingly, a kilo of brown sugar, which was Rs. 340, has been reduced to Rs. 300 by Rs. 40.

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SL – China currency swap agreement, renewed

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The Central Bank of Sri Lanka and the People’s Bank of China, in December 2024, successfully renewed the Bilateral Currency Swap Agreement signed in 2021, for a period of another three (03) years, under the terms and conditions stipulated in the original agreement.

The CNY 10 billion (approximately USD 1.4 billion) currency swap facility reflects the financial cooperation between China and Sri Lanka.

Dr. P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, signed the agreement on behalf of the Central Bank of Sri Lanka, while Mr. Pan Gongsheng, Governor of the People’s Bank of China, signed on behalf of the People’s Bank of China.

(CBSL)

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