Nissan Motor announced major cost-cutting measures, including the elimination of 11,000 additional jobs and reduced production, as the automaker faces declining profits and tough market conditions.
The automaker’s operating profit for the fiscal year ending March 2025 plummeted by 88%, totaling ¥69.8 billion ($472 million), compared to the previous year. Nissan has struggled with declining sales in major markets like the United States and China.
Adding to its difficulties, the company recently replaced its CEO and continues to grapple with the impact of U.S. tariffs and rising competition from Chinese electric vehicle manufacturers, particularly in Southeast Asia.
Newly appointed CEO Ivan Espinosa is tasked with reviving Nissan’s declining brand value and steering the company toward recovery. The automaker aims to adapt its strategies to counter market challenges while positioning itself for sustainable growth in the evolving automotive landscape.
Gunmen in Nigeria kidnapped 303 students and teachers at a Catholic school in the northwest on Friday, the Christian Association of Nigeria (CAN) said...
Canadian Prime Minister Mark Carney and French President Emmanuel Macron discussed the war in Ukraine and the situation in Gaza on the sidelines of th...
As host of next year’s COP30 climate summit, Belem is unveiling an ambitious new model for sustainable growth — one that turns the Amazon’s natu...
Leaders of the world’s 20 largest economies convened in South Africa on Saturday for a G20 summit notably boycotted by the United States, as members...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 22nd of November, covering the latest developments you need to...
Gunmen in Nigeria kidnapped 303 students and teachers at a Catholic school in the northwest on Friday, the Christian Association of Nigeria (CAN) said, the latest in a spate of school attacks this week that has forced the government to shut 47 colleges.
Canadian Prime Minister Mark Carney and French President Emmanuel Macron discussed the war in Ukraine and the situation in Gaza on the sidelines of the G20 summit in South Africa, the Canadian government said on Saturday.
As host of next year’s COP30 climate summit, Belem is unveiling an ambitious new model for sustainable growth — one that turns the Amazon’s natural abundance into livelihoods while keeping its forests standing.
Leaders of the world’s 20 largest economies convened in South Africa on Saturday for a G20 summit notably boycotted by the United States, as members sought to finalise a draft declaration prepared without U.S. involvement — a move a senior White House official condemned as “shameful.”
The pilot of an Indian fighter jet performing in the Dubai Air Show has died after the aircraft crashed during an aerial display on Friday.
An Indian Tejas fighter jet crashed in a ball of fire during an aerial display at the Dubai Airshow on Friday (November 21), leaving spectators in shock.
Russian President Vladimir Putin visited the command post of the Russian forces “West” grouping on Thursday (20 November), meeting with Chief of Russia’s General Staff Valery Gerasimov and senior military officials, the Kremlin said.
The full 28-point framework outlining a proposed settlement between Ukraine and Russia has been published by Axios, but has yet to be officially published. Drafted by the U.S. administration, it says it's built on security guarantees, territorial provisions and long-term economic arrangements.
Lithuania’s Vilnius airport was temporarily closed on Thursday after smugglers’ balloons appeared on radar, the National Crisis Management Centre said.
Google has announced a major update for its Pixel 10 series: owners can now send and receive files with Apple devices using AirDrop, without any collaboration from Apple. The new functionality applies to iPhones, iPads, and macOS devices, though for now it is limited to the Pixel 10 line.
European shares climbed on Thursday, as a relief rally swept through global markets after artificial intelligence (AI) bellwether Nvidia reported strong earnings, while investors awaited the release of delayed U.S. jobs data.
Mainland China and Hong Kong equities slipped on Tuesday, Reuters reported, as investors grew cautious ahead of delayed U.S. economic data expected to clarify the Federal Reserve’s policy outlook.
A federal jury in California ruled on Friday that Apple must pay $634 million to Masimo, a medical-monitoring technology company, for infringing a patent related to blood-oxygen reading technology.
Wall Street closed sharply lower on Thursday, dragged down by steep losses in Nvidia, Tesla, and other artificial-intelligence heavyweights, as investors dialed back expectations for further Federal Reserve interest-rate cuts amid renewed inflation concerns and mixed signals from policymakers.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment