Author: Victor Blackwell

Nissan Motor CEO Makoto Uchida attends a press conference on February 13, 2025, in Yokohama, Japan.Tomohiro Ohsumi | Getty Images News | Getty ImagesNissan CEO Makoto Uchida will step down from his position on April 1, the company said in a release Tuesday.He will be replaced by current Chief Planning Officer Ivan Espinosa. He will be Nissan’s fourth CEO in eight years. The leadership shakeup comes less than a month after Nissan and Honda terminated merger talks.The potential $60-billion deal — which would have created the world’s third-largest auto company by sales volume — fell apart amid accusations of “pride and denial” at…

An Iranian missile system is displayed next to a banner with a picture of Iran’s Supreme Leader Ayatollah Ali Khamenei and the late Lebanon’s Hezbollah leader Hassan Nasrallah, in a street in Tehran, Iran, October 2, 2024. Majid Asgaripour | Via ReutersIran’s fortunes may look entirely different over the course of President Donald Trump’s second term — whether for Tehran’s good or very ill.In surprising moves, Trump has now several times expressed his desire to make a deal with Iran — most recently by way of a letter to Iranian Supreme Leader Ayatollah Ali Khamenei last week, asking that the two…

The new Volkswagen ID. EVERY1 is displayed during the presentation during the presentation of the Volkswagen ID. EVERY1 on March 5, 2025 in Dusseldorf, Germany.Andreas Rentz | Getty ImagesGerman autos giant Volkswagen reported a 15% year-on-year drop in annual operating profit on Tuesday, citing increasing costs and “extraordinary expenses” associated with its restructuring strategy.It posted a revenue of 324.7 billion euros ($352.8 billion) in full-year 2024, up from 322.3 billion euros last year. The automaker said it expects sales revenue to exceed the previous year’s figure by up to 5% in 2025. It also forecasts that its operating margin, which…

Campaign posters hang outside of the polling station ahead of tomorrow’s general election on March 10, 2025 in Ilulissat, Greenland. Greenland will hold a general election on March 11 to elect the 31 members of its parliament, the Inatsisartut. Joe Raedle | Getty Images News | Getty ImagesGreenlanders are heading to the polls on Tuesday in a pivotal parliamentary election shaped by the perennial debate over independence from overseer Denmark — and by U.S. President Donald Trump’s ambitions to get hold of the island “one way or the other.”The majority of the Arctic island’s six main political parties support independence, and the…

European stock markets closed lower on Tuesday, sharply extending losses as trade tensions between the U.S. and Canada escalated.After a negative start to the week for global equities as U.S. growth fears weighed, the pan-European Stoxx 600 ended Tuesday down by another 1.7%.Milan-listed shares of Jeep and Dodge owner Stellantis fell 5%, with the Stoxx Autos index down 2.13%, after U.S. President Donald Trump threatened to hike tariffs on cars coming into the U.S. from Canada. Stellantis has several production facilities in Canada.Stellantis and other automakers which sell to the U.S. and have major production operations in the countries targeted…

Former Philippine President Rodrigo Duterte gives a speech during a campaign rally at Southorn Stadium on March 09, 2025 in Hong Kong, China.Anthony Kwan | Getty Images News | Getty ImagesFormer Philippine President Rodrigo Duterte was served an Interpol arrest warrant from the International Criminal Court on his arrival at Manila’s main airport on Tuesday, the government said.The ICC has said it would pursue an investigation of suspected crimes against humanity related to Duterte’s role in overseeing a bloody “war on drugs” that killed thousands of Filipinos.Duterte had said on Monday in Hong Kong that he was ready to be arrested if the ICC issued a warrant and has repeatedly defended the anti-drugs crackdown. He has…

Hong Kong’s stock exchange reported its highest quarterly profit in nearly four years after China’s stimulus measures boosted trading and listing volume.Bloomberg | Bloomberg | Getty ImagesBEIJING — Mainland Chinese investors are piling into the Hong Kong stock market at record volumes as its tech-heavy Hang Seng Index trades around three-year highs.Net mainland Chinese purchases of Hong Kong stocks hit a record 29.62 billion Hong Kong dollars ($3.81 billion) on Monday, according to the Wind Information database.That was the most since the Hong Kong stock market launched its “connect” program with the mainland, allowing local investors easier access to a…

QINGDAO, CHINA – JANUARY 08: Customers browse at an electronics shop amid an ongoing nationwide trade-in subsidy program on January 8, 2025 in Qingdao, Shandong Province of China.  Zhang Ying | Visual China Group | Getty ImagesBEIJING — China’s latest move to boost consumption isn’t meant to jolt all kinds of spending.Policymakers last week doubled subsidies for a consumer trade-in program to 300 billion yuan ($41.47 billion) this year, matching market expectations — and again steering clear of cash handouts. The subsidies will go toward around 15% to 20% of the purchase price for select products, including mid-range smartphones and home…

A man looks at an electronic board displaying stock prices of the Nikkei 225 listed on the Tokyo Stock Exchange in Tokyo on April 30, 2024.Kazuhiro Nogi | Afp | Getty ImagesAsia-Pacific markets slid on Tuesday, tracking losses in the U.S. following anxiety over tariff policy and a potential recession in the world’s largest economy.Japan’s Nikkei 225 ended the day 0.64% lower at 36,793.11, paring steeper losses earlier in the session. The broader Topix index, meanwhile fell 1.11% to 2,670.72.Significant losses in the Nikkei 225 were seen in imaging and network technology operator Konica Minolta, which was down 6.98% and…

CNBC’s Jim Cramer advised investors not to leave the market entirely because of the massive sell-off. He said to remember there is always a bottom and stocks can recover. Cramer then recalled late CNBC anchor Mark Haines, who correctly called a market bottom on this date back in 2009 during the financial crisis.”So, in honor of the Haines bottom, remember, even when it’s terrible out there, and it is terrible, stocks do bottom, and you have to do a little buying,” he said. “The lack of clairvoyance of Haines, well, I plead guilty to that. But we know that you…