AFP
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Nissan posts $4.5 billion annual net loss, says to cut 20,000 jobs
Japan's Nissan posted a huge annual net loss of $4.5 billion on Tuesday while confirming reports that it plans to cut 15 percent of its global workforce and warning about the possible impact of US tariffs. The company's shares closed three percent higher on Tuesday after reports, later confirmed by Nissan, said it was planning a total of 20,000 job cuts worldwide.
Honda forecasts 70% net profit drop citing 'tariff impact'
Japan's Honda Motor on Tuesday forecast a 70 percent drop in net profit for the 2025-26 financial year as US trade tariffs weigh on the global auto industry. Honda, Japan's second-biggest automaker after Toyota, logged net profit of 835 billion yen in the past financial year, a drop of almost 25 percent on-year and well short of its February forecast of 950 billion yen.
Japan's SoftBank posts $7.8 bn annual net profit
Japanese tech investor SoftBank Group, a major player in the US Stargate artificial intelligence drive, on Tuesday posted a bumper full-year net profit of $7.8 billion. Tuesday's result marked its first full-year net profit since the 2020-21 financial year.
Tariffs set to level up game console prices
The US tariffs barrage and the bounding cost of producing games have prompted manufacturers like Sony and Microsoft to announce price hikes on consoles, in an industry shift experts say is set to last. Microsoft plans to increase prices of games developed by its studios to as much as $80 -- a $10 hike.
US tariffs hit Central Europe, Balkans growth: Europe bank
Economic growth in Central Europe and the Balkans is expected to be strained this year by US President Donald Trump's tariff policies, Europe's development bank forecast Tuesday. The London-based European Bank for Reconstruction and Development has downgraded its growth forecast for the regions, anticipating tariffs fallout owing to their heavy dependence on Germany's struggling economy.
Most Asian markets extend rally in glow of China-US truce
Most Asian stocks extended gains Tuesday as investors continued to bask in the glow of the China-US tariff suspension that has fuelled hopes the world's two economic superpowers will step back from a punishing trade war.
Air Force One: iconic jet gets the Trump treatment
It is arguably the world's most iconic plane, an instantly recognizable symbol of the US presidency. - A name, not a plane - Technically Air Force One is the callsign for whichever US Air Force plane, no matter how small, is carrying the US president.
Trump announces drug prices cut with swipe at Europe
US President Donald Trump said Monday he would slash drug prices so that they match costs abroad, accusing the "brutal" European Union in particular of forcing pharmaceutical firms to lower prices on its turf. He blasted the European Union nation in particular over drug prices, alleging that the 27-nation bloc forced pharmaceutical firms to lower their costs on their territory.
Gaza faces 'critical risk of famine': UN report
Gaza is at "critical risk of famine", with 22 percent of the population facing an imminent humanitarian "catastrophe" after more than two months of an aid blockade by Israel, a food security monitor warned Monday.
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