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Philips turns in a profit but China, tariffs weigh
Philips turns in a profit but China, tariffs weigh
Economy
By AFP

Dutch medical device maker Philips reported a net profit for the first time in three quarters Tuesday despite weak sales in China but warned of "intensified" uncertainties due to tariffs. However, global sales were down two percent compared to the same quarter last year due to a "double-digit decline" in China, the firm said.

Dollar recovers some losses, stocks gain as traders eye tariff deals
Dollar recovers some losses, stocks gain as traders eye tariff deals
Economy
By AFP

The dollar rose in Asia on Tuesday fuelled by hopes for trade deals to avert Donald Trump's sweeping tariffs, while equities mostly rose as investors await the Federal Reserve's latest policy decision. Equities mostly rose, with Hong Kong and Shanghai leading the way as investors returned from a long weekend.

'Makes no sense': Hollywood shocked by Trump's film tariffs announcement
'Makes no sense': Hollywood shocked by Trump's film tariffs announcement
Economy
By AFP

Hollywood reacted Monday with skepticism to US President Donald Trump's announcement of 100 percent tariffs on foreign films, with movie insiders calling it a policy made up on the fly by a president who fails to understand how the industry works. As Hollywood fretted over Trump's announcement, the White House said no decision on foreign film tariffs has been made.