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Honda posts record profit, issues cautious forecasts
Honda posts record profit, issues cautious forecasts
Economy
by  AFP

Japanese auto giant Honda on Friday logged a record annual profit thanks to improving global vehicle sales, but issued a cautious outlook for the current fiscal year. On Friday, Honda said global vehicle sales were up, thanks largely to its vehicles' popularity in the United States.

UK economy exits recession ahead of election
UK economy exits recession ahead of election
Economy
by  AFP

Britain exited a shallow recession with better-than-expected growth in the first quarter, official data showed Friday, in a boost to embattled Prime Minister Rishi Sunak ahead of this year's election. GDP shrank by 0.3 percent in the fourth quarter of 2023 after contracting 0.1 percent in the prior three months, the ONS confirmed Friday in unrevised data.

Chip giant TSMC's April revenue jumps 60% on-year
Chip giant TSMC's April revenue jumps 60% on-year
Technology
by  AFP

Taiwanese chip giant TSMC's April revenue jumped nearly 60 percent on-year, the firm said Friday, riding a huge wave of demand for the advanced semiconductors used in AI hardware. This compares with a 34.3 percent on-year jump in March 2024.