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Sony logs 18% annual net profit jump, forecast cautious
Sony logs 18% annual net profit jump, forecast cautious

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.

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by  AFP

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Shein picks France for its first permanent stores
Shein picks France for its first permanent stores
by  AFP

Asian fast-fashion giant Shein said Wednesday it had picked France to open its first permanent physical stores in November. "This alliance is more than just a launch -- it's a commitment to revitalise city centres across France, restore department stores and create opportunities for French fashion," Shein said.

Meta defends ads model in 550-mn-euro data protection trial
Meta defends ads model in 550-mn-euro data protection trial
by  AFP

Facebook owner Meta on Wednesday defended its advertising model in a 550-million-euro trial in Spain over alleged breaches of EU data protection rules brought by more than 80 Spanish media organisations. The association launched a lawsuit alleging unfair competition in digital advertising sales and is seeking 551 million euros ($647 million) in compensation.

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