Ukraine's Zelenskyy: Türkiye, Gulf states, European countries could host talks with Putin
Ukrainian President Volodymyr Zelenskyy said on Tuesday that Türkiye, Gulf states or European nations could host potential talks with Russian Preside...
Honda and Nissan plan to merge, forming the world’s third-largest automaker, as Japan’s car giants accelerate efforts to lead the shift to electric and autonomous vehicles.
Japanese car manufacturers Honda and Nissan have revealed plans to merge, positioning themselves as the world's third-largest automaker by sales. The move comes as the automotive industry undergoes significant transformation amidst the shift away from fossil fuels.
The two companies signed a memorandum of understanding on Monday, with Nissan's smaller alliance partner, Mitsubishi Motors, also agreeing to participate in discussions about integrating their operations.
Japanese automakers have been slower than their global competitors in adopting electric vehicle (EV) technologies. The merger aims to streamline costs and accelerate their transition to electrification.
Speculation about a potential merger emerged earlier this month, with reports suggesting the talks were partly influenced by Taiwanese electronics giant Foxconn’s interest in a collaboration with Nissan. Nissan currently has an alliance with France's Renault SA and Mitsubishi Motors.
In August, Nissan, Honda, and Mitsubishi announced plans to share EV components such as batteries and collaborate on autonomous driving software development. These initiatives followed a preliminary agreement between Nissan and Honda in March.
Nissan has faced challenges recently, with Fitch Ratings downgrading its credit outlook to "negative," citing reduced profitability due to price cuts in the North American market. However, the company retains a robust financial foundation, with $9.4 billion in cash reserves.
Despite financial difficulties, Nissan's share price has shown resilience, with Monday's Tokyo trading seeing a 1.6% increase. Shares surged by over 20% last week following news of the potential merger.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
Kuwait says oil prices will likely stay below $72 per barrel as OPEC monitors global supply trends and U.S. policy signals. The remarks come during market uncertainty fueled by new U.S. tariffs on India and possible sanctions on Russia.
The S&P 500 closed lower on Monday (25 August) as investors turned their attention to Artificial Intelligence (AI) chipmaker Nvidia’s upcoming quarterly results, following Friday’s rally that saw the Dow Jones Industrial Average close at a record high.
The global market for chemical enhanced oil recovery (EOR) is set to expand significantly over the coming decade. According to Allied Market Research’s 'Global Oil Recovery Market Report,' the market, valued at $900 million in 2021, is expected to grow at an average annual rate of 4.6%, reaching $1.
British American Tobacco (BAT) is preparing to sell its first disposable vape in the U.S. reversing years of opposition to unauthorised devices amidst a booming $8 billion market for synthetic nicotine products.
Large investors, wary of September’s traditional seasonal downturns, moved to lock in profits on Tuesday, according to traders and research firms – a sign that the sell-off in technology shares may reflect a broader retreat from risk.
Pop Mart has posted stunning interim results for the first half of 2025, riding on the explosive popularity of its breakout character Labubu.
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