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.
Ukrainian President Volodymyr Zelenskyy said on Tuesday that Türkiye, Gulf states or European nations could host potential talks with Russian Preside...
Space X will attempt to launch its super heavy booster rocket, Starship tonight after it was postponed on Monday night due to weather conditions at it...
U.S. President Donald Trump has said he wants to open denuclearisation talks with Russia and China, revisiting an issue he raised earlier as he also s...
Russian state assets frozen since the outbreak of the Ukraine conflict should remain in the Euroclear securities depository in Belgium for the time be...
A quarter of the world’s population, 2.1 billion people, still lack access to safely managed drinking water, according to a new WHO and UNICEF repor...
Ukrainian President Volodymyr Zelenskyy said on Tuesday that Türkiye, Gulf states or European nations could host potential talks with Russian President Vladimir Putin.
More Palestinian families left Gaza City on Tuesday after a night of Israeli shelling on its outskirts, as Israelis launched a day of nationwide protests calling for hostages to be released and the war in Gaza to end.
Space X will attempt to launch its super heavy booster rocket, Starship tonight after it was postponed on Monday night due to weather conditions at its starbase in Texas, United States.
U.S. President Donald Trump has said he wants to open denuclearisation talks with Russia and China, revisiting an issue he raised earlier as he also seeks to revive stalled diplomacy with North Korea.
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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