The China Mail - Economy

Nissan shares fall as reports say Honda merger talks off

Nissan shares plunged on Wednesday as media reports said the struggling Japanese carmaker was walking away from merger talks with rival Honda.

Toyota announces Lexus EV plant in Shanghai

Japan's Toyota said Wednesday it will build an electric vehicle plant in Shanghai for its luxury Lexus brand as it raised its annual net profit forecast to almost $30 billion.

Santander reports record profit for third straight year

Spanish banking giant Santander announced record annual profits for a third consecutive year on Wednesday as a strong commercial performance offset the impact of falling interest rates.

Nissan shares plunge as report says Honda merger talks off

Nissan shares plunged on Wednesday after Japan's Nikkei business daily said the carmaker had decided to withdraw from merger talks with rival Honda.

China holds out hope last-minute deal can avert US trade war

China's new tariffs on US imports like oil, coal and cars are relatively modest in scale, suggesting that Beijing is hoping for a last-minute deal but also giving them the option to inflict more pain if needed, analysts say.

Race against time to complete contested Milan-Cortina bobsleigh track

With a year to go until the start of the Milan-Cortina Winter Olympics, organisers are racing against time to ensure the sliding events are held in Italy and not moved over 6,000 kilometres away to Lake Placid.

French PM set to survive no confidence vote

French Prime Minister Francois Bayrou is expected on Wednesday to survive a no-confidence vote in parliament, winning some breathing space after less than two months in office but by no means ensuring his long-term future.

Google shares slide on spending plans despite sales jump

Google's parent company Alphabet on Tuesday reported revenue jumped in the recently-ended quarter, but shares sank on concerns it may be pouring too much money into artificial intelligence.

Honda shares jump on reports it wants Nissan as subsidiary

Honda shares surged in Tokyo on Wednesday as Japanese media said the automaker had proposed making its struggling rival Nissan a subsidiary -- with some reports saying the move could spell the end of their merger talks.

Nicole Wilson Promoted to Chief Strategy Officer at Trust Consulting Services

Since joining Trust Consulting Services, Nicole has played a pivotal role in driving strategic initiatives that have significantly enhanced the company's service offerings and market position. Her leadership has been instrumental in expanding digital workforce solutions, fostering client relationships, and spearheading transformative projects that align with the company's mission of delivering cutting-edge technology services.

App Orchid Announces an Insights Accelerator for Google Cloud Cortex Framework Customers, Powered by Google’s Gemini Models

App Orchid, a Google Cloud Cortex Framework partner, will enable customers to ask natural language questions and get AI-powered insights from enterprise data grounded with Cortex Framework

Telehealth Tailwind Drives Equum Medical Year-End Results, Expansion Welcomes New Chief Growth Officer

New Leadership and Expanded Telehealth Services Position Equum Medical for Accelerated Growth in 2025

SJ Environmental Consultants (Windsor) Inc. Wins 2025 Consumer Choice Award for Environmental Consulting in Windsor

Founded in 1993 by Dr. Saad Jasim, P.Eng., SJ Environmental Consultants (Windsor) Inc. has been at the forefront of innovative solutions for water treatment and environmental challenges. The company is known for its pioneering work in ozone technology for drinking water treatment and its contributions to improving water quality and safety for municipalities, private entities, and industries.

Announcing the 2024-25 St. John’s Consumer Choice Award Winners

ST. JOHN'S, NL / ACCESS Newswire / February 5, 2025 / Consumer Choice Award is pleased to announce the 2024-25 award recipients in the St. John's region. These businesses have been meticulously selected through independent market research, reflecting their commitment to excellence and unparalleled service in their city. Consumer Choice Award celebrates those who have consistently set the benchmark for quality and customer satisfaction. Congratulations to the 2024-25 St. John's Consumer Choice Award Winners.

US Treasury says Musk team has 'read-only' access to payments data

The US Treasury said Tuesday that Elon Musk's government reform team can read data from its highly sensitive payment system but not alter it, after Democratic lawmakers raised the alarm over the move and called for an investigation.

What Elon Musk's Twitter tactics may bode for US government

As Elon Musk and his aides take control of the US Treasury's payments system, the drastic job cuts and other shake-ups he instituted on buying Twitter may offer a preview of what government workers can expect.

Australia bans DeepSeek AI program on govt devices

Australia has banned DeepSeek from all government devices as it seeks to block "an unacceptable level of security risk" presented by China's breakout artificial intelligence program, according to an official order Tuesday.

Amid Trump trade tensions, WTO remains crippled arbiter

While US President Donald Trump unleashes trade wars and tariffs, the system for settling such disputes within the World Trade Organization has been paralysed for years -- by the United States.

Despite tariff reprieve Canadians worry 'damage already done' to US ties

The trade war may be on hold, but in a Canadian border city where the unhindered flow of auto parts across the bridge to Detroit supports thousands of jobs, the future remains uncertain.

Ferrari races to another record-breaking year, e-model set for Oct. 9

Italian luxury carmaker Ferrari posted another set of record results on Tuesday, with net profit surging to more than 1.5 billion euros last year.

De la Fuente says 'unaware' of forced kiss scandal backlash

Spain coach Luis de la Fuente on Tuesday told the forced kiss trial of ex-football federation chief Luis Rubiales that he initially knew nothing of the scandal's scale or efforts to silence it.

Ordinary Chinese stoic in the face of escalating US trade war

After China announced retaliatory tariffs against the United States, walkers along Shanghai's waterfront were stoic Tuesday in face of both the cold and the prospect of an escalating trade war.

AI regulation around the world

Countries and economic blocs around the world are at different stages of regulating artificial intelligence, from a relative "Wild West" in the United States to highly complex rules in the European Union.

Stocks rebound, dollar dips as Trump delay tariffs

Stock markets mostly rebounded and there strong gains for Mexico's peso and Canada's dollar Tuesday after Donald Trump said he would delay tariffs on imports from the US neighbours.

Tequila maker Diageo axes sales target on Trump tariffs

Diageo, the maker of Guinness stout and Johnnie Walker whisky, scrapped Tuesday a key performance target with President Donald Trump's tariff plans set to sour its US sales of tequila and Canadian spirits.

American VP Vance to attend Paris AI summit

US Vice President JD Vance will join top tech players in Paris next week at an artificial intelligence summit billed by France as a "wake-up call" for Europe in the global race for AI.

China imposes tariffs on US energy, autos in trade war retaliation

China said Tuesday it would impose tariffs on imports of US energy, vehicles and equipment, firing a return salvo in an escalating trade war between the world's two biggest economies.

Panama lawsuit requests axing Hong Kong firm's canal concession

Two Panamanian lawyers filed a complaint Monday to cancel the concession of a Hong Kong-based company for operating two ports on the Panama Canal, following US President Donald Trump's threats to seize the vital waterway.

OpenAI chief Altman signs deal with South Korea's Kakao after DeepSeek upset

OpenAI chief Sam Altman signed a deal with tech giant Kakao in South Korea on Tuesday as the US firm seeks new alliances after Chinese rival DeepSeek shook the global AI industry.

UBS profit beats forecast as Credit Suisse merger nears end

Swiss banking giant UBS posted better-than-expected fourth quarter results on Tuesday and confidently predicted its mega-merger with Credit Suisse would be substantially wrapped up by the end of 2026 as planned.

Nintendo cuts net profit forecast as Switch sales slow

Japanese video game giant Nintendo on Tuesday cut its annual net profit forecast after hardware and software sales for its Switch console fell in the first three quarters.

China says to probe Google over anti-monopoly violations

China on Tuesday said it would probe US tech giant Google over violations of anti-monopoly laws after Washington slapped 10 percent levies on Chinese goods.

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