Struggling Japanese electronics giants Sony and Panasonic are to team up to develop televisions with advanced technology, in a bid to claw back market share from overseas rivals.

Tokyo: Panasonic forecast a 31% rise in annual profit on expanding flat TV sales and cost cuts but offered a three-year margin target that raised doubts about its ability to keep pace with Asian rivals.

ONE of the world’s biggest sports broadcasters is to film 25 of the World Cup matches in 3D at this year’s tournament in South Africa.