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Toyota hikes profit forecasts 'despite US tariffs'
Toyota hikes profit forecasts 'despite US tariffs'
Business and Economy
by  AFP

Japanese auto giant Toyota on Wednesday hiked its operating income and net profit forecasts for the current fiscal year despite the impact of US tariffs. The firm said Wednesday that net income in the first half fell 7.0 percent to 1.8 trillion yen while operating income plunged 18.6 percent to 2.0 trillion.

Sri Lanka targets big fish in anti-corruption push
Sri Lanka targets big fish in anti-corruption push
Business and Economy
by  AFP

When Sri Lanka's economy collapsed in 2022, politicians and officials were accused of brazenly stealing the island's assets. - 'Economy collapsed' - Sri Lanka's police chief, accused of running a criminal network, was arrested and sacked earlier this year, while the prison commissioner was jailed for releasing convicts in exchange for cash.

Asian markets tumble as tech bubble fears grow
Asian markets tumble as tech bubble fears grow
Business and Economy
by  AFP

Tech companies led a sharp sell-off across Asia on Wednesday as investors grow increasingly worried about an AI bubble following a rally this year that has seen valuations hit record highs. Asia took up the baton in the morning, with Seoul and Tokyo the hardest hit, having just hit record highs.