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Sony hikes profit forecast but says PS5 sales to slow
Sony hikes profit forecast but says PS5 sales to slow
Economy
by  AFP

Japan's Sony upgraded its annual net profit forecast on Wednesday but trimmed its PlayStation 5 unit's sales target, with the flagship console currently in its fourth year on the market. The conglomerate now predicts a full-year net profit of 920 billion yen ($6.1 billion) instead of its previous target of 880 billion yen.

Turkey under pressure to shut down gold mine after landlside
Turkey under pressure to shut down gold mine after landlside
Economy
by  AFP

Calls grew in Turkey on Wednesday to shut down a controversial gold mine as hopes dimmed of rescuing nine workers trapped by a massive landslide that rolled over their open pit. Environmental advocates and local officials sought to shut down the open pit mine after a 2022 cyanide leak caused by a burst pipe.

UK inflation holds at 4.0 percent in January: data
UK inflation holds at 4.0 percent in January: data
Economy
by  AFP

Britain's annual inflation rate remained unchanged in January from the previous month, confounding expectations for an acceleration, official data showed on Wednesday. Analysts said Wednesday's data showed that the central bank could decide to cut its main interest rate from 5.25 percent in the coming months.