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Honda forecasts 70% net profit drop citing 'tariff impact'
Honda forecasts 70% net profit drop citing 'tariff impact'
Business and Economy
by  AFP

Japan's Honda Motor on Tuesday forecast a 70 percent drop in net profit for the 2025-26 financial year as US trade tariffs weigh on the global auto industry. Honda, Japan's second-biggest automaker after Toyota, logged net profit of 835 billion yen in the past financial year, a drop of almost 25 percent on-year and well short of its February forecast of 950 billion yen.

Tariffs set to level up game console prices
Tariffs set to level up game console prices
Business and Economy
by  AFP

The US tariffs barrage and the bounding cost of producing games have prompted manufacturers like Sony and Microsoft to announce price hikes on consoles, in an industry shift experts say is set to last. Microsoft plans to increase prices of games developed by its studios to as much as $80 -- a $10 hike.

US tariffs hit Central Europe, Balkans growth: Europe bank
US tariffs hit Central Europe, Balkans growth: Europe bank
Business and Economy
by  AFP

Economic growth in Central Europe and the Balkans is expected to be strained this year by US President Donald Trump's tariff policies, Europe's development bank forecast Tuesday. The London-based European Bank for Reconstruction and Development has downgraded its growth forecast for the regions, anticipating tariffs fallout owing to their heavy dependence on Germany's struggling economy.