EU pledges financial aid to Ukraine but demurs on Russian assets plan
European Union leaders on Thursday agreed to meet Ukraine’s urgent financial needs for the next two years but stopped short of formally backing the ...
Honda and Nissan are exploring deeper collaboration, including a potential merger, to address growing competition from Tesla and Chinese EV makers. The move could create the world's third-largest automaker, reshaping Japan's automotive industry.
Honda and Nissan are in discussions to strengthen ties, potentially through a merger, two sources revealed on Wednesday. This move highlights how Japan's auto industry is responding to challenges from Tesla and Chinese competitors.
A merged Honda-Nissan entity would become the world's third-largest automaker, with a market value of $54 billion and annual production of 7.4 million vehicles, trailing only Toyota and Volkswagen.
The two companies established a strategic partnership in March to collaborate on electric vehicle (EV) development. However, Nissan's mounting financial troubles have accelerated the need for closer cooperation.
Last month, Nissan announced a $2.6 billion cost-saving plan, including 9,000 job cuts and a 20% reduction in production capacity, following an 85% drop in second-quarter profits due to weak sales in China and the US.
“This seems like an effort to rescue Nissan, but Honda is also facing challenges,” said Sanshiro Fukao of the Itochu Research Institute. Honda expects weaker cash flow next year and struggles in its EV segment.
Nissan shares surged over 22% on Wednesday, while Honda shares dipped 2.3%.
Mitsubishi shares rose 13%. The talks aim to enhance technological collaboration and could lead to a holding company or even a full merger, sources said. Cooperation with Mitsubishi Motors, in which Nissan owns a 24% stake, is also being explored.
Neither company has announced a deal, though they have acknowledged exploring collaboration opportunities.
“A Honda-Nissan merger could revitalise Japan's auto industry by providing competition to Toyota,” said Seiji Sugiura of Tokai Tokyo Intelligence Laboratory. However, integrating their differing corporate cultures and navigating US trade policies could pose challenges.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
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A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Türkiye has emerged as Europe’s largest steel producer and the world’s seventh largest in the first eight months of 2025, producing 36.9 million tonnes last year, according to sector officials.
Germany’s Adidas increased its full-year profit guidance, saying it managed to cushion some of the extra expenses resulting from higher U.S. tariffs.
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New Zealand's annual inflation accelerated in the third quarter, reaching 3.0%, which aligns with analysts' expectations and is at the upper end of the central bank's target range, according to official data released on Monday.
On Sunday, the Netherlands' Economy Minister, Vincent Karremans, stated that he expects to meet with a Chinese government official in the coming days to discuss how to resolve the standoff over Nexperia NV, a computer chip maker whose issues are threatening global automotive supply chains.
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