The Japanese automaker has announced major cuts in its workforce and production, with the elimination of 9,000 jobs and a 20% reduction in production capacity.
Nissan Motor announced a $2.6 billion cost saving plan, including 9,000 job cuts and a 20% reduction in global production capacity as it battles falling sales in China and the United States https://t.co/eYdyLK2ZXypic.twitter.com/ZOixRxBatA
Lower sales in the second quarter of 2024, particularly in the US and China, are one of the main reasons for the cuts, which will save the company a total of $2.6 billion in expenses.
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The company is struggling to compete in China, where sales are down 13% year-on-year, as well as in the US, with a 2.3% decline over the same period.
What’s more, it lacks a credible range of hybrid cars to compete with affordable, technologically advanced electric and hybrid vehicles.
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Nissan’s share price has indeed fallen sharply on the Tokyo Stock Exchange, losing JPY 369 (-36.00, or -8.90%) in the last five days since the announcement of the reduction.
King Charles and Prince William are at the center of a scandal following the release of the investigative documentary The King, The Prince & Their Secret Millions, which reveals that they are alleged to have personally stocked the coffers of their respective royal estates with millions of dollars, obtained through their links with charities, public services and taxes paid by citizens.
Investigation Exposes King Charles and Prince William's Estates Raking in Millions from Charities and Public Service https://t.co/MtIP28S5ZY
According to the investigation, the two British royal figures would have reaped millions of dollars, feeding the coffers of the Duchy of Lancaster and the Duchy of Cornwall, financial entities belonging respectively to the King and the heir to the British throne.
The investigation, carried out over several months in collaboration with The Sunday Times and Channel 4’s Dispatches, revealed the millions of dollars accumulated each year by Charles and William – including $35 million for King Charles and $30 million for Prince William last year alone – as well as the various methods used to amass this fortune.
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The financial entities of King Charles and Prince William generate millions every year from lands seized by medieval monarchs. They receive income from a variety of sectors, including government, business and the general public, via commercial rents and feudal royalties.
These include river tolls, the use of coastlines to unload cargo, the laying of cables under beaches, the operation of schools and charities, as well as tolls on bridges, churches, mines, parking lots, housing and many other sources.
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These millions of dollars raised by the King and Prince are, of course, tax-free thanks to a special agreement with the Treasury. According to The Sunday Times, these sums come from fees charged to various public services, such as the army, navy, National Health Service, prisons and state schools, for the use of these lands, rivers and even coastlines.
Following Donald Trump’s victory in the US presidential election, the Canadian government has indicated that Canada will be ready to handle a potential mass influx of migrants at the Canadian border, with Trump promising mass deportations on his first day in the White House.
Deputy Prime Minister Chrystia Freeland says Canada has "a plan" on dealing with potential impacts to the border from U.S. President-elect Donald Trump's immigration plans.
Deputy Prime Minister Chrystia Freeland noted that the Canadiens government has been preparing for the possibility of a Trump presidency for some time.
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She expressed a desire for mutually beneficial cooperation between the two countries, while recognizing the importance of border security and control over who enters Canada.
Freeland also said that Canada was preparing to manage a likely influx of migrants at the Canadian border when Trump takes office in January 2025.
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Recall that after Trump’s victory in 2016, many migrants attempted to cross the Canadian border, fleeing the US administration’s strict migration policies.
Canada observed an influx of asylum seekers, particularly at Roxham Road, a road on the Quebec-New York border frequently used by smugglers and migrants. As a result, authorities had to step up security measures in the area.
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An extension of the Safe Third Country Agreement (STCA) between the USA and Canada, signed in 2002, was concluded last year, which stipulates that asylum seekers must apply in the first safe country they arrive in, meaning that migrants arriving from the USA must apply for asylum there.
However, Trump’s unpredictable attitude is raising concerns among Canadians about a potential larger influx of asylum seekers, at a time when Canada is already facing immigration challenges.
In response, Chrystia Freeland reassured Canadians that the government fully recognizes the importance of border security and control.
Vice President Kamala Harris addressed her supporters, who warmly welcomed her after her crushing defeat by rival Donald Trump.
The speech came hours after she conceded the election in a phone call to her opponent.
In remarks to supporters, Vice President Kamala Harris promised to keep up the "fight that fueled this campaign" and drew a contrast with Donald Trump as she vowed a peaceful transfer of power.
The emotion was palpable as Kamala Harris began her speech by expressing that her heart was filled with gratitude and appreciation for the trust her supporters had placed in her, as well as determination and love for her country.
She acknowledged that the outcome of this election was not what she had hoped for or fought for, but added that the light of America’s promise will continue to shine as long as we never give up and keep fighting.
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To applause and tears from the crowd, Kamala Harris thanked those who had supported her in this fight, including her husband Doug, President Joe Biden and First Lady Jill Biden, her running mate Tim Walz, as well as her family.
She also expressed her gratitude to her team, volunteers, poll workers and election officials for their work.
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Kamala Harris concluded by saying she was proud of the campaign she had run and the way it had been conducted during the 107 days of struggle.
Kamala Harris expressed her pride in the coalition and community she had brought together during the campaign, a group of people from diverse backgrounds and origins, united by their love of country, with enthusiasm and joy, in their fight for America’s future.
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The Vice President had an important message, acknowledging that her supporters were going through a wide range of emotions. She stressed the importance of accepting the election results, which prompted some booing from the crowd.
However, Harris went on to say that, despite the defeat, she and President Biden were committed to supporting Trump in a peaceful transition of power, a statement that was met with applause.
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The Vice President emphasized that this gesture distinguished democracy from monarchy, pointing out that true loyalty lies in the U.S. Constitution, not in individuals in positions of power.
She stressed the importance of honoring this principle, a message that seemed to be aimed directly at the president-elect.
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Harris made it clear that, while she accepted the results of the election as part of this democratic process, she was not abandoning the struggle that had fueled her campaign, that for freedom, opportunity, fairness and dignity for all.
She also stressed the importance of continuing the fight to protect women’s freedom to make decisions about their own bodies, to defend the right to schools and streets free from gun violence, and to preserve democracy, the rule of law, fair justice and the fundamental right to freedom.
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Harris then spoke directly to the young people watching her, telling them it was normal to feel sad and disappointed. She sought to reassure them that all would be well, because even if sometimes the struggle takes time, that doesn’t mean we won’t win.
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Harris explained that, although many felt the country was entering a difficult time, it was important to turn this darkness into an opportunity to light up the sky with billions of bright stars, through our optimism, faith, truth and service.
According to a Kamala Harris campaign spokesperson, the vice president’s call to Donald Trump lasted only a few minutes.
President Joe Biden calls President-elect Donald Trump to congratulate him on his election win and invite him to White House for a transition meeting. https://t.co/CugZ1rK6WR
During the exchange, she not only congratulated him, but also stressed the importance of becoming a president for all Americans.
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Later in the day, Kamala Harris delivered a speech to the nation, addressing her many supporters, still reeling from defeat but gathered for several hours to support her.
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They were gathered at the place where her victory was to be celebrated, the day after her defeat.
Joe Biden also called Donald Trump to congratulate him on his victory, while inviting him to the White House for a transitional meeting.
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Biden added that he would address the nation on Thursday.
The US stock market surged at the opening of trading after Trump’s victory was announced, with the Dow Jones recording a gain of over 1,300 points.
NEW: The U.S. stock market soared at the open of trading on Wednesday morning after former Pres. Trump's projected victory in the 2024 election, with the Dow up more than 1,300 points. https://t.co/v38lmGEeqW
The stock market opened positively after the surprising announcement of Trump’s victory in the presidential election, news which, far from upsetting the markets, seems to have supported them, at least for the time being.
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The Dow Jones Industrial saw its shares rise 3% the morning after the election results were announced, while the Nasdaq and S&P 500 gained 2%.
Shares in DJT, Trump’s stockbroking company, recorded a 17% gain, while those in Tesla and Elon Musk climbed over 14%. Bitcoin also saw its value rise by over 7%.
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Recall that historically, the US stock market tends to rise after the winner of an election is announced, regardless of the victorious party.
In 2020, Trump warned that the stock market’s enormous growth under his presidency would collapse if voters replaced him with Joe Biden.
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However, since Biden’s arrival in the White House, the US stock market has recorded even more spectacular rises, breaking several records.
The announcement of Donald Trump’s victory had an impact on certain stock market values: shares in DJT, Tesla and Bitcoin rose after the election results, benefiting Trump, Elon Musk and Bitcoin.
The price of bitcoin hit a new high as investors bet that Donald Trump's victory in the U.S. presidential election will be a boon for cryptocurrencies. https://t.co/tEBpgHY6oX
DJT shares, representing Donald Trump’s company, have seen a series of ups and downs in recent months.
However, Trump’s surprise victory seems to have had a positive impact, contributing to a recovery in its share price.
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Indeed, DJT shares had fallen to $30.02 on November 4, just before the election, but jumped to $44.35 the day after the results, before falling back slightly thereafter.
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For Tesla and Elon Musk, now one of Donald Trump’s most powerful allies in his victory, Tesla’s share value was at its lowest on November 4, at $243.52.
However, the day after the election on November 6, it rose significantly, peaking at $284.55, before falling back slightly.
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Finally, investors in Bitcoin, which Trump has suggested in recent months could be used to finance the US government’s multi-billion debts, probably viewed Trump’s victory positively, as the value of Bitcoin also rose. On November 4, it was at $68,346, and the day after the election, it had climbed to $74,552.
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The unexpected outcome of the election gave a boost to DJT, Tesla and Bitcoin shares.
It remains to be seen how the coming months will evolve with Trump’s imminent installation in the White House for a second term.
Election Day has finally arrived in the United States, and the suspense is obviously at its height on November 5. The two candidates, with completely opposite visions of America, have withdrawn to different parts of the country after a particularly intense campaign blitz.
Kamala Harris at a results party in Washington
After focusing all her efforts on this historic campaign, Vice President Kamala Harris will be following the results with friends and family in Washington D.C.
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Trump retreats to Mar-a-Lago
While the final week of the campaign was difficult for Trump, he chose to retreat to Mar-a-Lago in Florida to await the results. There, he cast his vote on the morning of November 5, in the company of Melania Trump, who had been largely absent throughout this election campaign.
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Kamala Harris with the momentum in the campaign’s home stretch
Kamala Harris ended her final campaign night on a high note, with several simultaneous rallies in different cities, drawing large crowds. In Las Vegas, Nevada, singer Christina Aguilera performed “Feel This Moment”, “Beautiful” and “Fighter”, while in Detroit, Jon Bon Jovi joined Tim Walz’s rally, where he sang “The People’s House” and “Livin’ on a Prayer”.
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Katy Perry was in Pittsburgh, where she performed her songs “Dark Horse”, “Part of Me” and “Firework”, after Kamala Harris’s speech. The latter then flew to the main rally in Philadelphia, where several celebrities were present.
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In Philadelphia, Oprah and rapper Fat Joe spoke, while Ricky Martin performed several of his songs, including “Livin’ la Vida Loca”. Lady Gaga sang “God Bless America” before closing the evening with “Edge of Glory”.
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A tumultuous end to Trump’s campaign, as he struggles to fill his rallies
Donald Trump has had a particularly tumultuous end to his campaign, concluding his run for the presidency amid controversy, particularly after his rally at Madison Square Garden. Struggling to fill his final rallies in several key states, he seemed to lack energy on stage and sometimes lost patience with technical problems, such as difficulties with microphones, causing him to adopt rather erratic gestures.
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He ended the last night of his campaign in Pittsburgh, Pennsylvania, in a better way, alongside Megyn Kelly, who explained that his positions on immigration and transgender rights were reasons to vote for Trump, whom she saw as a defender of women.
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Three of Donald Trump’s children were present at the latest rally: Donald Trump Jr., Eric Trump and Tiffany Trump.
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What can we expect in the coming days?
So, what can we expect in the days ahead? Authorities are on high alert for any event that could disrupt the voting sites, although at the time of writing everything is going relatively smoothly. However, many fear that the vote count could be disrupted.
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Donald Trump continues to repeat that if he loses, it will be because of voter fraud, while his campaign worries about the turnout of his supporters.
Many fear Trump will declare victory before all the votes are counted.
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For their part, the authorities assure that all measures are being taken to ensure that the elections take place in a free and fair manner.
Kamala Harris is confident and satisfied with the turnout observed so far.
The next few days will certainly be eventful for Americans.
RFK Jr., who has been associated with Donald Trump’s electoral campaign for several weeks under the promise of holding an important position in his administration, was trying to have his name removed from the ballot in key states so as not to harm Trump’s chances of being elected.
His request was finally rejected by the Supreme Court.
BREAKING: Supreme Court rejects push to remove Robert F. Kennedy Jr. from ballot in two swing states https://t.co/XXBOvTZvry
The Supreme Court did indeed reject RFK Jr.’s request to be removed from the ballot in two key states, which was a desperate attempt on his part through an emergency appeal.
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The states of Michigan and Wisconsin asserted that it would be impossible to remove Robert F. Kennedy Jr.’s name at this stage of the election, given that early voting is already underway, just days before the election.
Indeed, at the time of this latest attempt to plead his case, 1.5 million people in Michigan had already returned their absentee ballots, while in Wisconsin, over 858,000 people had also returned their ballots.
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Kennedy wanted the Supreme Court to accept that his presence on the ballot violated his First Amendment rights by falsely implying that he still wished to be elected president.
However, the Court ultimately rejected his arguments.
A large number of Washington Post employees and subscribers have expressed to Jeff Bezos, CEO of Amazon and now owner of the paper, their disagreement with his recent decision not to support the editorial section endorsement of Kamala Harris and not to endorse any candidate at all in the US presidential elections.
One-third of The Washington Post's editorial board steps down amid a wave of canceled subscriptions over non-endorsement in the 2024 US presidential election https://t.co/TCpvc6EUQP
According to CNN, a third of the Washington Post’s editorial staff resigned (!) due to Bezos’ controversial and sudden decision, announced just days before the election date.
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We also learn that a wave of unsubscribes has also been seen among regular Washington Post readers, with around 200,000 people reported to have unsubscribed since the news was posted, according to CNN and NPR.
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Jeff Bezos tried to explain his decision in an opinion piece in which he says he chose to remain neutral because, in his view, the media has lost credibility. He believes that this decision could help improve the credibility of the Washington Post.
However, it has also come to light that at the same time as the Washington Post’s controversial announcement, last Friday, executive members of Blue Origin, the US aerospace manufacturer founded by Bezos, had a meeting scheduled with Donald Trump.
