International
Nissan plans 20,000 jobs cut after $4.5bn annual net loss
The uncertain nature of US tariff measures makes it difficult for us to rationally estimate our full-year forecast for operating profit and net profit, and therefore we have left those figures unspecified,” CEO Ivan Espinosa told reporters..
Japan’s Nissan posted a huge annual net loss of $4.5 billion on Tuesday while confirming reports that it plans to cut 15 percent of its global workforce and warning about the possible impact of US tariffs.
AFP reported that the carmaker, whose mooted merger with Honda collapsed earlier this year, is heavily indebted and engaged in an expensive business restructuring plan.
Nissan reported a net loss of 671 billion yen for 2024-25 but did not issue a net profit forecast for the financial year that began in April. It did say, however, that it expects sales of 12.5 trillion yen in 2025-26.
The uncertain nature of US tariff measures makes it difficult for us to rationally estimate our full-year forecast for operating profit and net profit, and therefore we have left those figures unspecified,” CEO Ivan Espinosa told reporters.
“Nissan must prioritise self-improvement with greater urgency and speed.”
The company’s worst ever full-year net loss was 684 billion yen in 1999-2000, during a financial crisis that birthed its rocky partnership with French automaker Renault.
International
Death toll in Hong Kong fire rises to 44 with 279 still missing, authorities say
Hong Kong authorities say the fires in four of the buildings have been brought under control, but large plumes of smoke are still hanging over the residential estate.
Photo: AFP
At least 44 people have been killed so far in a major fire engulfing public housing apartments in Hong Kong’s Tai Po district, with 279 people not accounted for.
Three construction company executives have been arrested on suspicion of manslaughter connected to flammable materials, including mesh and plastic sheets, that may have allowed the fire to spread quickly.
More than 800 firefighters are tackling the blaze at Wang Fuk Court, which has been burning for over 18 hours.
The fire has been classified a level five blaze, the most serious level in Hong Kong.
A baby and an elderly woman were rescued during a late-night rescue, local media reports.
Hong Kong authorities say the fires in four of the buildings have been brought under control, but large plumes of smoke are still hanging over the residential estate.
I can smell it in the air. I can also see a number of small fires still burning in the apartment blocks.
Even more fire engines and an ambulance have arrived this morning to help with rescue efforts
BBC.
International
BREAKING: Indian fighter jet crashes at Dubai airshow
An Indian fighter jet has crashed while performing a display at an airshow in Dubai, officials have said.
Details later.
International
JUST IN: Bangladesh war Crimes Court Sentences Ex-PM Hasina to Death
A Bangladeshi war crimes tribunal has sentenced former Prime Minister Sheikh Hasina to death.
The verdict, delivered on Monday, November 17, 2025, follows a months-long trial that found Hasina guilty of ordering a lethal crackdown on a student-led uprising last year. She received a death sentence for the killing of several protesters and a life sentence on charges of crimes against humanity.
The ruling marks the most significant legal action against a former Bangladeshi leader in decades and comes ahead of parliamentary elections expected in early February 2026. There was cheering and clapping in the courtroom as the death sentence was pronounced. The verdict can be appealed in the Supreme Court, though Hasina’s son and adviser, Sajeeb Wazed, said they would not appeal unless a democratically elected government, including the Awami League, is in office.
Prosecutors told the court that evidence showed Hasina directly ordered security forces to use lethal force to suppress protests in July and August 2024. A United Nations report estimates that up to 1,400 people were killed during the demonstrations, with thousands more injured, making it the deadliest unrest in Bangladesh since its 1971 war of independence.
Hasina, represented by a state-appointed defense lawyer, denied the charges, calling the tribunal proceedings unfair and claiming a guilty verdict was “a foregone conclusion.”
Tensions in Bangladesh had escalated ahead of the verdict, with at least 30 crude bomb explosions and 26 vehicles torched in recent days, though no casualties were reported.
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