Japan’s auto giant Honda Motor Co. has announced a two-year delay in its ambitious plan to establish a comprehensive electric vehicle (EV) supply chain in Canada, citing the global slowdown in EV demand. The decision was confirmed by Honda Canada, which shared the update with local media on Tuesday.
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This section brings you news reports from around the world, covering global events, politics, economy, and more. Stay informed with the latest international updates and developments.
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Nissan to cut 20,000 jobs globally amid restructuring push
May 13, 2025 – Japanese auto giant Nissan is preparing to slash approximately 20,000 jobs worldwide, significantly raising the scale of its previously announced cuts, according to reports in local media.
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India reports first drop in weekly forex reserves after two months
May 9, 2025 – India has recorded a notable dip in its foreign exchange (forex) reserves, marking the first weekly decline after an uninterrupted eight-week upward trend.
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Huawei to launch first HarmonyOS-Powered PCs on May 19
Chinese technology powerhouse Huawei has officially announced the launch of its first line of personal computers (PCs) running on its self-developed HarmonyOS operating system.
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Trump plans 100% tariff on foreign movies
U.S. President Donald Trump announced on Sunday that he is taking action to protect the American movie industry by starting the process of placing a 100% tariff on all movies made outside the United States.
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Meta posts strong Q1 performance with 16% surge in revenue
Tech giant Meta Platforms, Inc., the parent company of Facebook, Instagram, and WhatsApp, reported robust financial results for the first quarter ending March 31, 2025.
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China launches measures to enhance departure tax refund policy
China has introduced a comprehensive set of new measures aimed at optimizing its departure tax refund system to better cater to overseas tourists and stimulate inbound consumption.
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China to train Pakistani astronauts for space mission
In a groundbreaking development for bilateral space cooperation, China has announced it will train two Pakistani astronauts, with one of them set to join a future joint space mission as a payload specialist aboard the Tiangong Space Station.
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Gold surges past $3,500 in historic rally
In a landmark moment for global financial markets, gold prices surged past the historic $3,500 per ounce mark on Tuesday, marking an all-time high for the precious metal.
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COSCO Shipping Condemns U.S. Sanctions on China’s Maritime
China COSCO Shipping Corporation Limited strongly denounced the recent accusations and sanctions imposed by the United States targeting China’s maritime, logistics, and shipbuilding industries. In a detailed statement released on Monday, COSCO Shipping labeled the U.S. actions as discriminatory, baseless, and harmful to global trade and shipping stability.
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