Japan Financial News

Honda and Nissan have announced plans to work toward a merger that would form the world’s third-largest automaker by sales, as the industry undergoes dramatic changes in its transition away from fossil fuels.The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors Corp. also had agreed to join the talks on integrating their businesses.Automakers in Japan have lagged behind their big rivals in electric vehicles and are trying to cut costs and make up for lost time as newcomers like China’s BYD and EV market leader Tesla devour market share.Honda’s president, Toshihiro Mibe, said Honda and Nissan will attempt to unify their operations under a joint holding company.

Auto expert Mike Caudill joins 'Cavuto: Coast to Coast' to discuss the likelihood of a merger between Honda and Nissan and how it could impact the brands.

Japanese automakers Nissan and Honda have announced plans to work toward a merger that would catapult them to a top position in an industry in the midst of tectonic shifts as it transitions away from reliance on fossil fuels

Subscribe to enjoy similar stories. In ancient Indian philosophy, vidya—or wisdom—is celebrated as the ultimate liberator, the force that dispels ignorance and uplifts individuals and societies. From the Vedic chant “Asato ma sadgamaya"—lead me from ignorance to truth—to Mahatma Gandhi’s vision of Nai Talim, education rooted in self-reliance and character building, a broader construct of knowledge has always been central to India’s ethos.

After the bonanza of recent central bank decisions, this week is much quieter with only the minutes of a few of those meetings due. There are no Federal Reserve speeches and U.S. data is of secondary importance.

Subscribe to enjoy similar stories. Deep Tech encompasses groundbreaking ideas rooted in science and engineering, tackling major global challenges. These innovations stem from fundamental research with specific commercial applications.

Data centre capacity addition in the colocation space is expected to reach approximately 230 MW (IT load) by the end of 2024, with a similar or higher capacity addition anticipated in 2025, according to Cushman & Wakefield data. In 2025, while the majority of capacity creation will occur in Mumbai, other cities such as Delhi-NCR, Kolkata, and Chennai are also expected to see significant growth. India has the potential to become a global data centre hub due to its low construction, land and power costs compared to other countries, coupled with a well-established IT and digitally enabled services ecosystem. According to Cushman & Wakefield, the median cost of constructing a data centre in India is estimated at $6.8 million per MW of capacity, significantly lower than most APAC nations-Australia is at $9.17 million, Japan is at $12 million.

The Japan Fair Trade Commission(JFTC) will soon issue a cease and desist order asking Google to halt its monopolistic practices, the report added. Google did not immediately respond to request for comment while the JFTC could not be reached for comment.

Subscribe to enjoy similar stories. Nissan, once a symbol of Japan’s carmaking prowess, spent the past five years trying to regain its footing after the arrest of longtime leader Carlos Ghosn, only to find itself in a precarious spot again. The carmaker has been slashing jobs, cutting vehicle production and reporting lower profit.

Indian exporters of garments, handicrafts, and engineering goods expect 5-10% gains from the rupee’s depreciation, but more import-dependent sectors such as gems and jewellery and electronics see rising oil and commodity prices offsetting any benefits, trade insiders said. Moreover, the sharper depreciation of the Chinese yuan, Japanese yen, and Mexican peso against the US dollar may prompt buyers to pressure Indian exporters to pass on the gains, besides undermining any long-term competitive advantage from the rupee’s fall, they said. The rupee hit an all-time low of 85.09 per dollar on Thursday, crossing the 85 mark for the first time. On Friday, the rupee hit a new low of 85.10/$1. Almost 60% of India’s goods trade is in dollars, and the depreciation will help traditional sectors such as textiles and leather.

Long before the birth of modern Christmas, people marked the shortest day of the year- the winter solstice. Ancient cultures celebrated the return of the sun with festivals like Yule in Scandinavia. The Norse lit bonfires, feasted, and gathered in joy; this symbolized light over darkness. This tradition is what inspires the warm glow of candles and string lights in our current celebrations. Similarly, the Romans celebrated Saturnalia, a lively festival in honor of Saturn, the god of agriculture. Homes were decorated with evergreen boughs, feasts were shared, and small gifts were exchanged. These customs laid the foundation for the gift-giving and festive greenery that define Christmas today.

The clock is ticking to buy Christmas gifts, but you still have time before Santa beats you to it. Here’s a handy list of top Xmas pressie ideas to suit a wide range of personalities, price points, and stations in life, and they can be delivered straight to your door. For those who want a tiny, ultra-portable speaker, the JBL Go 4 is the pick for the best portable Bluetooth speaker. This speaker is small enough to fit in a pocket, yet it still sounds good.

bank policy decisions weighed. The Nikkei closed 0.29% lower at 38,701.90, bringing it to a weekly decline of 1.66%, its steepest decline since early-November.

OpenAI is rapidly developing into an AI shark, doing their best to cut away competition as much as possible, and bringing in a different kind of revolution in the technology industry. However, their approach is not being liked by the leaders at Silicon Valley, with Elon Musk even accusing the company of breaking away from industry norms, and paying way over industry standards in order to cut out other competitors in the same avenue.

Subscribe to enjoy similar stories. GARY, Ind.—In a meeting room facing U.S. Steel’s century-old plant, Takahiro Mori offered his vision for the plant’s next chapter under a new owner.

China Sea to Himalayan frontiers, Beijing’s methodical approach has left neighbouring countries scrambling to respond. China shares its border with more than a dozen countries and it has had border disputes with at least six of them over the past few years. On its border disputes with its neighbors, China has mostly gone unchallenged, gradually pushing its salami-slicing strategy forward. But 2024 was a turning point: India was the first country in past few decades to decisively stop China in its tracks and refuse to yield to its tried-and-tested game. India’s resistance proved to be a firm message that China’s expansionist ambitions can't always go unchecked.

A friend of brothers who are prominent in luxury real estate in Florida and New York and are charged with sex trafficking and assault has surrendered to face an allegation that he helped two of them rape a woman nearly a decade ago

Subscribe to enjoy similar stories. Honda put nostalgia to the fore on December 18th when it announced that the Prelude, a nameplate last produced some 25 years ago, now being relaunched as a hybrid-electric, would come with the option of a system that simulates gear changes and combustion-engine noises. The message, however, was quickly drowned out by news with far more bearing on the Japanese carmaker’s future.

Subscribe to enjoy similar stories. Could Japanese carmakers rally together to push the pedal on electric vehicles (EVs), a fast-emerging market in which they lag their overseas rivals? Honda and Nissan are reported to be exploring a merger.

Lapland which is located in Finland can be a winter wonderland which eventually offers an unforgettable experience. In this location, the travelers can embark on reindeer sleigh rides, visit Santa Claus Village and then witness the breathtaking Northern Lights in a truly magical setting. Vienna located in Austria is another must-visit destination during the Christmas. The city is famous for its enchanting Christmas markets, classical concerts and festive lights.