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TOKYO :Sony said on Wednesday it expects operating profit to rise 0.3 per cent to 1.28 trillion yen ($8.70 billion) in the financial year ending in March. The Japanese conglomerate has transformed from a maker of household electronics such as the Walkman to an entertainment behemoth spanning games, movies, music and chips. President Hiroki Totoki has strengthened his grip over the conglomerate, taking the CEO role last month. Sony is preparing for a partial spin-off of its financial unit as it focuses on entertainment. Including the financial business, operating profit rose 16 per cent to 1.4 trillion yen, beating analyst…

Shares logged modest gains in most world markets on Tuesday as the initial euphoria over the 90-day truce in the trade war between the United States and China faded.Investors were sobered after Monday’s rallies by longer term worries, as analysts warned President Donald Trump’s policies could still change.The future for the S&P 500 slipped 0.4% while that for the Dow Jones Industrial Average fell 0.2%. On Monday, stocks soared on Wall Street after the United States said in a joint statement with China that it will cut tariffs on Chinese goods to 30% from as high as 145%, for 90…

Commerce’s guidance stands to make it all the more difficult for the Shenzhen-based company to fulfil its ambitions of developing more powerful chips for artificial intelligence and smartphonesPublished Wed, May 14, 2025 · 09:05 AM[NEW YORK] The Commerce Department issued guidance stating that the use of Huawei Technologies’ Ascend artificial intelligence (AI) chips “anywhere in the world” violates the government’s export controls, escalating US efforts to curb technological advances in China. The agency’s Bureau of Industry and Security said on Tuesday (May 13) that it’s also planning to warn the public about “the potential consequences of allowing US AI chips…

Illinois has locked in its football and men’s basketball coaches for the long term, agreeing to six-year contracts with Bret Bielema and Brad Underwood.Illinois rewarded Bielema for turning around its struggling football program, and Underwood for an eight-year run that includes five NCAA Tournament appearances and a trip to the Elite Eight. Both deals were announced Tuesday.Bielema’s deal runs through 2030, while Underwood is locked in through the 2030-31 season. The contracts are pending approval by the university’s board of trustees on May 22.Bielema’s annual salary would begin at $7.7 million, while Underwood’s would start at $4.4 million. Both coaches…

AI civil servants and sending human workers out of London are at the heart of the government’s plans to cut costs and reduce the size of the state bureaucracy.Shrinking the civil service has been a target of both the current Labour and recent Conservative governments – especially following the growth in the organisation during the pandemic. From a low in 2016 of 384,000 full time workers, in 2024 there were 513,000 civil servants.Politics latest: Your views on PM’s migration speechThe Department for Science, Innovation and Technology is claiming a new swathe of tools to help sift information submitted to public…

Our digital world allows us to enjoy games, information, connection and entertainment in just a few taps. Many consider this accessibility to be positive. But others say that the constant hits of dopamine we receive from our phones, apps and fast-paced digital platforms are actually rewiring our brains. They claim these technologies are changing how we go about seeking pleasure, rewards and motivation. Is there more to these technologies than we suspect? Read on to discover the answer.Understanding DopamineDopamine is a neurotransmitter that delivers messages to the brain when we participate in activities that we find rewarding or otherwise pleasurable. Volunteering,…

The U.S. Agency for International Development is trying to hire more lawyers to conduct investigations into employee misconduct, including “unauthorized communications with the media,” according to a job posting reviewed by CBS News. “Lawyers will be expected to conduct investigations into general employee misconduct, and more specifically violations of various federal government regulations and policies, such as, for example, rules governing unauthorized communications with the media,” reads the post, published by a recruiter called Highlight. The American Foreign Service Association, the union representing USAID employees, believes the posting is genuine.The effort to expand the Trump administration’s crackdown on fired employees who…

Apple has announced new accessibility features that will be released to the public later this year. The features will be added to the fall software updates for the iPhone, Mac, and more. Apple has long made accessibility a focus for its products, and the preannouncement of these new features continues that ahead of WWDC’s expected unveiling of iOS 19, macOS 16, and other software updates. “At Apple, accessibility is part of our DNA,” said Tim Cook, Apple’s CEO, via the announcement press release. “Making technology for everyone is a priority for all of us, and we’re proud of the innovations…

TOKYO :EQT is hiring in Japan for its private capital, infrastructure and real estate teams and feels the Asian nation could become its biggest market in the region over the next five years, the investment firm’s chairperson and founder said.The Swedish firm has made two investments in Japan since entering the market in 2021, including the $1.4 billion management buyout of education company Benesse in 2024, which it led.It is pinning its hopes on support for changing management practices in Asia’s second-largest economy, citing an openness to change by politicians, unions, media, and companies.”I think Japan has a really good…

The modernisation of electric grids is no longer a monolithic infrastructure challenge, it is a multifaceted transformation that hinges on the integration of digital technologies, distributed energy resources, and interactive consumer participation. Within this dynamic ecosystem, five core segments have emerged as foundational pillars of smart grid development: (1) Advanced Metering Infrastructure; (2) Distribution Automation; (3) Vehicle-to-Grid Integration; (4) Grid-Edge Software; and (5) Distributed Energy Resources Integration. Each represents a distinct functional domain but is increasingly interdependent in delivering the outcomes of a resilient, efficient, and intelligent power system.AMI is the digital backbone of modern utility-customer interactions. It encompasses smart…