The biggest oil and gas companies around the world are cutting their spending this year following the collapse in oil prices, driven by a slump in demand as a result of the coronavirus crisis and a price war between top exporters Saudi Arabia and Russia.
The growing scale of economic disruption amid volatility in financial markets as a result of the COVID-19 means urgent steps are required in order to restore business confidence.
For Samsung, the 2020 Tokyo Olympics were going to be its springboard to attain a long-held goal - making significant inroads into Japan's lucrative smartphone market.