Briefly

BANGLADESH

Collision sinks ferry with loss of 25 lives

Rescuers have recovered 25 bodies from a river outside Bangladesh's capital after a ferry collided with another vessel and capsized, an official said on Monday. The ferry ML Rabit Al Hasan sank on Sunday night after being hit by a cargo vessel in the Shitalakkhya River outside Dhaka. Fire and civil defense official Ershad Hossain said the double-decker ferry was traveling to neighboring Munshiganj district with more than 50 passengers when the accident took place, adding that nine other people remained missing. Authorities blamed the sand-laden cargo vessel with hitting the ferry and ordered an investigation.

SOUTH KOREA

LG to exit loss-making mobile phone business

South Korea's LG Electronics will wind down its loss-making mobile division after failing to find a buyer, a move that is set to make it the first major smartphone brand to completely withdraw from the market. Its decision to pull out will leave its 10-percent share in North America, where it is the No 3 brand, to be gobbled up by Samsung and Apple with its domestic rival expected to have the edge. LG's smartphone division has logged nearly six years of losses totaling $4.5 billion. Dropping out of the sector would allow it to focus on areas such as electric vehicle components and smart homes.

Agencies via Xinhua