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Toyota cites tariffs as it forecasts 35% drop in 2025-26 net profit
Toyota cites tariffs as it forecasts 35% drop in 2025-26 net profit
by  AFP

Japanese auto giant Toyota on Thursday forecast a 35 percent year-on-year drop in net profit for 2025-26 citing Donald Trump's vehicle tariffs among other factors. For the current financial year that began in April, Toyota now forecasts net profit of 3.1 trillion yen ($21.6 billion).

Trump official to unveil ambitious US air traffic control upgrade
Trump official to unveil ambitious US air traffic control upgrade
by  AFP

Faced with fresh flight safety problems at a major US airport, the Trump administration is set Thursday to unveil a modernized air traffic control system. A massive overhaul of the US air traffic control system could cost tens of billions of dollars.

Trump to announce trade deal with UK on Thursday: US media
Trump to announce trade deal with UK on Thursday: US media
by  AFP

Donald Trump will announce a trade deal with the United Kingdom on Thursday, US media reported, after the president touted a "major" upcoming agreement on social media. Trump wrote earlier on Wednesday the "major trade deal" would be announced with a "big, and highly respected country."

Stocks rise further on growing trade deal hopes
Stocks rise further on growing trade deal hopes
by  AFP

Asian stocks extended their rally Thursday on hopes for an easing of trade war tensions as China and the United States prepare for weekend talks and after Donald Trump flagged a "major trade deal" later in the day. Meanwhile, Trump posted on his Truth Social platform that he would announce "a major trade deal with representatives of a big, and highly respected, country" later Thursday.

Trump tariff plan brings Hollywood's struggles into focus
Trump tariff plan brings Hollywood's struggles into focus
by  AFP

Donald Trump's proposal to put 100 percent tariffs on foreign movies left many filmmakers scratching their heads. Newsom reacted to Trump's tariff suggestion with a counter-proposal for a $7.5 billion federal tax credit that would apply nationwide.

Google shares plunge after Apple executive's court testimony
Google shares plunge after Apple executive's court testimony
by  AFP

Shares in Google parent Alphabet plunged more than eight percent on Wednesday after Apple executive Eddy Cue testified in federal court that Google's search traffic on Apple devices declined last month for the first time in over two decades.