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Nintendo lifts net profit forecast on weak yen, steady Switch sales
Game giant Nintendo raised its annual net profit forecast on Tuesday, saying the weak yen and steady sales of the Switch console, now in its seventh year, would boost earnings. "This fiscal year is the seventh year since the launch of Nintendo Switch, but sell-through has remained steady and there are more annual playing users than ever before," Nintendo said.
UBS to reward shareholders as Credit Suisse-linked losses narrow
Swiss banking giant UBS said Tuesday it would hand shareholders up to $1 billion in share buybacks as it posted a smaller-than-expected quarterly loss stemming from the costs of absorbing fallen rival Credit Suisse.
Thailand orders close watch on cheap 'elephant pant' imports
Thailand ordered its ports on Tuesday to keep a close watch out for rogue "elephant pants" being imported to the kingdom, as Bangkok trumpeted its copyright claim to the popular pachyderm print. "We have ordered the surveillance of elephant pants in all ports," Deputy Prime Minister Phumtham Wechayachai told reporters on Tuesday.
Chance for Italy's toxic steelworks to finally go green
Doctor Maria Grazia Serra's patients have been "breathing, eating and drinking" toxins from Taranto's steelworks for decades, but a dispute over the vast Italian plant could finally see its ecological conversion. She is one of 150 doctors who last month appealed to the government not to waste the opportunity to finally turn the plant around.
Toyota raises annual net profit forecast as chip shortage eases
Japan's Toyota raised its annual net profit forecast to a record high on Tuesday and reported strong sales in all regions in the first three quarters as the global semiconductor shortage eases. Third-quarter net profit soared 86 percent on-year to nearly 1.36 trillion yen, the company said.
UBS to spell out growth plan after Credit Suisse takeover
Swiss banking giant UBS will on Tuesday report its first full-year results since swallowing rival Credit Suisse, with investors keen for details on a US-centred growth strategy hinted at by the mega-bank.
Markets mixed after Wall St losses, Shanghai and Hong Kong rally
Asian markets were mixed Tuesday following a drop on Wall Street, though Shanghai and Hong Kong were lifted by a pledge by authorities to boost investment in a range of stocks as they look to staunch a long-running rout.
Plan for Europe's huge new particle collider takes shape
Europe's CERN laboratory revealed more details Monday about its plans for a huge new particle accelerator that would dwarf the Large Hadron Collider (LHC), ramping up efforts to uncover the underlying secrets of the universe. Running under France and Switzerland, it would be more than triple the length of CERN's LHC, currently the largest and most powerful particle accelerator.
Snap lets go ten percent of staff
Social media company Snap, which runs the youth-focused Snapchat platform, on Monday said it was laying off about ten percent of its staff, joining a wave of job cuts in the tech sector. Snap had previously cut 20 percent of its staff in 2022.
AFP
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