Sony expects fiscal 2020 net profit to fall 12.4% over pandemic

Business Aug 4, 2020

Sony expects fiscal 2020 net profit to fall 12.4% over pandemic

Sony Corp. said Tuesday its fiscal 2020 net profit is expected to fall 12.4 percent from a year earlier to ¥510 billion ($4.8 billion), as the coronavirus pandemic has hit its image sensor and movie businesses. Sony, which released its earnings projections for the business ...

Trump’s TikTok assault opens new front in tech war with China

Business Aug 4, 2020

Trump’s TikTok assault opens new front in tech war with China

By going after TikTok, the U.S. is expanding a fight against Beijing using Chinese-style restrictions on tech companies in a move that could potentially have enormous ramifications for the world’s biggest economies. Washington’s threat to ban ByteDance Ltd.’s video app and other Chinese-owned apps could ...