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Sony logs 18% annual net profit jump, forecast cautious
Sony logs 18% annual net profit jump, forecast cautious
Economy
by  AFP

Japanese entertainment and electronics giant Sony on Wednesday reported an 18 percent jump in annual net profit but issued a cautious forecast for the current financial year. The firm logged a net profit of 1.14 trillion yen ($7.7 billion) for the 2024-25 financial year, but said it expects that to fall 13 percent to 930 billion yen in 2025-26.

China, US to lift sweeping tariffs in trade war climbdown
China, US to lift sweeping tariffs in trade war climbdown
Economy
by  AFP

The United States and China will lift sweeping tariffs on each others' goods for 90 days on Wednesday, after a temporary ceasefire in a brutal trade war that roiled global markets and international supply chains. Under the deal, the United States agreed to lower its tariffs on Chinese goods to 30 percent while China will reduce its own to 10 percent -- down by over 100 percentage points.

Australian seaweed farm tackles burps to help climate
Australian seaweed farm tackles burps to help climate
Economy
by  AFP

It is barely visible, and needs no irrigation or fertilisers: lying off the coast of Australia is a vast seaweed crop destined to curb livestock's climate-altering flatulence and belches. "Seventy-one percent of the Earth's surface is surrounded by the ocean, and seaweed require zero inputs: No irrigation, no fertiliser, no pesticides.