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Sony hikes profit forecast on strong gaming business
Sony hikes profit forecast on strong gaming business
Economy
by  AFP

Japan's Sony Group on Thursday upgraded its annual net profit projection to $7.0 billion, lifted by its strong gaming business. The entertainment and electronics conglomerate said it now expects a net profit of 1.08 trillion yen ($7.0 billion), compared with an earlier projection of 980 billion yen for the business year ending on March 31, 2025. hih/stu

Trump threats to South Africa rattle automakers
Trump threats to South Africa rattle automakers
Economy
by  AFP

South Africa exports vehicles worth about $1.9 billion every year, many to the United States under a trade deal now in jeopardy as President Donald Trump piles pressure on the country. Motor vehicles account for 22 percent of South Africa's exports to the United States, worth $1.88 billion -- behind only precious metals, according to government statistics.

Asian stocks rise, oil falls as Trump fans Ukraine peace hopes
Asian stocks rise, oil falls as Trump fans Ukraine peace hopes
Economy
by  AFP

Asian markets mostly rose Thursday and oil prices extended losses as forecast-topping US inflation was overshadowed by hopes for an end to the Ukraine war after news Donald Trump and Russia's Vladimir Putin had discussed peace talks. Ukrainian President Volodymyr Zelensky said he had a "meaningful conversation" with Trump and that the leaders discussed ways to end the war.