Dushanbe hosts key regional summits amid shifting geopolitical landscape
Dushanbe is preparing for one of its busiest diplomatic weeks in recent memory. From 8 to 12 October, the capital of Tajikistan will host two major in...
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.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
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 powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
Gold prices rose above $4,000 an ounce for the first time on Wednesday, fuelled by investor demand for safe-haven assets amid rising geopolitical tensions and expectations of U.S. interest rate cuts.
U.S. shares ended Tuesday in negative territory as investors, cut off from official economic data due to the ongoing government shutdown, looked to alternative indicators and comments from Federal Reserve officials for guidance on economic weakness and monetary policy.
Elon Musk’s artificial intelligence startup xAI is targeting a $20 billion capital raise linked to Nvidia hardware, Bloomberg News has reported.
Türkiye’s benchmark stock index, the BIST 100, closed Tuesday at 10,814.11 points, up 0.74% from the previous session.
Euro zone finance ministers are set to meet on Thursday to explore ways to boost the development of euro-denominated stablecoins, amid concerns that the fast-growing market could remain dominated by the United States, a senior euro zone official said.
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