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Month: December 2024

What a merger between Nissan and Honda means for the automakers and the industry

AP Business Writer BANGKOK (AP) — Japanese automakers Honda and Nissan will attempt to merge and create 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

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5 things to know for Dec. 23: Subway killing, Starbucks strike, Nissan-Honda merger, Death row sentences, Drone sightings

By Andrew Torgan and Tricia Escobedo, CNN (CNN) — Drivers nationwide are getting a welcome gift this holiday season: Cheaper gasoline. Americans will likely be greeted by the lowest Christmas Day gas prices since 2020 during the pandemic, according to GasBuddy, an app that crowdsources pump prices. GasBuddy said it expects gas prices will average

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Imran Khan’s party holds talks with Pakistan’s government to seek former PM’s release

ISLAMABAD (AP) — The opposition party of Pakistan’s imprisoned former Prime Minister Imran Khan has held a first round of talks with the government to secure the release of its leader and other activists, officials said. Khan and his Pakistan Tehreek-e-Insaf party, or PTI, had not had talks with the government since February when parliamentary elections saw their

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The Container Store files for bankruptcy

By Jordan Valinsky, CNN New York (CNN) — The Container Store has filed for bankruptcy. It is the latest well-known retailer to fall victim to customers cutting back on discretionary spending. The 46-year-old company said in a statement late Sunday that filing for Chapter 11 bankruptcy protection will help it “bolster its financial position, fuel

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Decenas de condominios y hoteles de lujo se están hundiendo en Florida, según estudio

Por Rachel Ramírez Decenas de condominios, hoteles y otros edificios de lujo en el sureste de Florida se están hundiendo a un ritmo sorprendente, informaron investigadores en un estudio reciente. El estudio, dirigido por científicos de la Universidad de Miami, encontró que 35 edificios desde Golden Beach hasta Miami Beach se hundieron hasta 7 centímetros

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China says Philippine plan to deploy midrange missiles would be ‘extremely irresponsible’

BEIJING (AP) — China says a plan by the Philippines to deploy midrange missiles would be a provocative move that stokes regional tensions. A senior Philippines army official told reporters that the military plans to acquire a midrange system to defend the country’s territory amid tensions with China in the South China Sea. The U.S.

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Magdeburg mourns Christmas market attack victims as fears swirl of deeper German social divisions

MAGDEBURG, Germany (AP) — Mourners laid flowers near the scene of the deadly Christmas market attack on Monday as investigators puzzled over the motive of the suspect and his previous encounters with authorities were scrutinized, while fears swirled that the rampage could deepen divisions in German society. The Johanniskirche, a church a short walk from

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Powell led the Fed’s fight against inflation. It’s not over yet — and it could get even harder

By Bryan Mena, CNN Washington (CNN) — Federal Reserve Chair Jerome Powell has steered the world’s most powerful central bank during a tumultuous period for the US economy, from the pandemic to a historic bout of inflation shortly after. But the job isn’t finished yet. Inflation is now well below the 40-year highs of 2022,

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