Nintendo posts strong April quarter driven by homebound gamers
Nintendo Co reports 106.4 billion yen profit in the first quarter of the fiscal year, up from 16.6 billion yen, with quarterly sales at 358 billion yen as Animal Crossing New Horizons and Mario Kart 8 Deluxe boost demand. Animal Crossing sold 10 million copies in the quarter, reaching 20 million total. Hilton posts a second quarter loss of 432 million amid rising occupancy.
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Nintendo Co
Nintendo
Cuba Opens Wholesale Access For Private Businesses In Reform
Havana reports Cuba has launched a set of reforms to empower private firms by allowing wholesale imports and exports through state markets. Within days 213 restaurant owners joined to buy essentials at discounted prices, with similar markets planned in Holguin. Officials aim to broaden private work beyond self employment and boost a struggling economy facing an 8% drop this year.
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AAA finds partial automated driving systems unreliable
Detroit AAA tests over 4000 miles across five manufacturers show lane keeping and obstacle detection failures. Systems quit with little notice, risking driver inattention. researchers urge automakers to limit use and improve lane keeping and driver engagement.
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Detroit
AAA
Auto Club
Greg Brannon
Bank of England sees milder downturn but slower recovery
The Bank of England said the UK recession may be less severe than feared but recovery will take longer, with GDP forecast to fall 9.5 percent in 2020 and rebound 9 percent in 2021. Unemployment is projected to rise to 7.5 percent, while rates stay at 0.1 percent and asset purchases remain at 745 billion pounds. The bank warned uncertainty remains high and policy could ease further if needed.
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Nassetta
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Bailey
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