AFP Asia Business
Philips turns in a profit but China, tariffs weigh
Dutch medical device maker Philips reported a net profit for the first time in three quarters Tuesday despite weak sales in China but warned of “intensified” uncertainties due to tariffs.Net profits came in at 72 million euros ($82 million), compared to a net loss of 998 million euros in the same quarter last year and …
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New Zealand PM proposes banning under-16s from social media
New Zealand’s prime minister on Tuesday proposed banning children under 16 from social media, stressing the need to protect them from the perils of big tech platforms.Regulators the world over are wrestling with how to keep children safe online, as social media is increasingly flooded with violent and disturbing content.Prime Minister Christopher Luxon unveiled draft …
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