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.
New details have emerged in the investigation of the devastating fire at the Le Constellation bar in the Swiss ski resort of Crans-Montana, which kill...
Demonstrations were held in several major European cities in solidarity with ongoing protests in Iran, as anger mounts over worsening economic conditi...
The number of prisoners freed in Venezuela has increased to 18, human rights organisations reported on Saturday, up from nine on Friday afternoon....
Iran’s security forces have intensified their crackdown on nationwide protests, with the elite Revolutionary Guards warning that safeguarding securi...
The death toll from a landfill collapse in the central Philippines has risen to four, an official confirmed on Saturday, as rescue teams continued the...
New details have emerged in the investigation of the devastating fire at the Le Constellation bar in the Swiss ski resort of Crans-Montana, which killed 40 people on New Year’s Eve. Authorities have revealed that a service door in the basement was locked from the inside.
Demonstrations were held in several major European cities in solidarity with ongoing protests in Iran, as anger mounts over worsening economic conditions and soaring food prices amid a nationwide communications blackout.
The number of prisoners freed in Venezuela has increased to 18, human rights organisations reported on Saturday, up from nine on Friday afternoon.
The United States’ actions in Venezuela have clearly demonstrated not only that Latin America remains firmly in Washington’s geopolitical orbit, but also that the U.S. is the only global superpower.
U.S. President Donald Trump has ruled out ordering a mission to capture Russian President Vladimir Putin, saying he is confident the war in Ukraine can be brought to an end.
New York City parents could soon have access to free childcare for two-year-old children following a joint announcement made by Mayor Zohran Mamdani and Governor Kathy Hochul on Thursday (8 January).
Türkiye has stepped back from mediating between Pakistan and Afghanistan after repeated efforts failed to narrow deep differences between Islamabad and Kabul.
Türkiye is reportedly in discussions to join the defence alliance between Saudi Arabia and Pakistan, a strategic move that could reshape security dynamics in the Middle East and South Asia.
Iran does not seek war with Israel or the United States but is prepared to respond if attacked, Iranian Foreign Minister Abbas Araghchi said on Thursday (8 January ) as economic protests sweep the country and Tehran's crackdown reportedly intensifies.
U.S. oil major Chevron and private equity firm Quantum Capital Group are reportedly preparing a joint bid to acquire Lukoil’s international assets, as the sanctioned Russian energy company seeks to divest its overseas operations.
The U.S. dollar's share of global reserves fell to nearly 40% at the end of 2025, according to the International Monetary Fund (IMF), which says it's 10% lower than at the start of 2024. However, gold has risen and overtaken the dollar to be above 50% in global reserves according to the IMF data.
The U.S. dollar has strengthened against major peers on Tuesday, while the euro fell following slower-than-expected inflation in Europe. Market movements were relatively subdued as investors focused on upcoming U.S. economic data.
Wall Street closed higher on Tuesday, boosted by optimism over artificial intelligence (AI) and a strong rally in Moderna shares, with the Dow Jones Industrial Average approaching a record high.
India’s largest oil refiner, Indian Oil Corporation (IOC), has taken a significant step towards diversifying its crude oil supply by purchasing Colombian crude, from state oil company Ecopetrol, for the first time.
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