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Volkswagen to navigate another tricky year after 2024 profit plunge
Volkswagen said Tuesday its profits nosedived in 2024 amid high costs and fierce Chinese competition as the German carmaker geared up for another tricky year navigating an industry transition and global trade tensions.
Ships blaze after North Sea crash, govt rules out foul play
Two ships were still on fire in the North Sea on Tuesday after a cargo vessel slammed into a tanker carrying flammable jet fuel, with the UK government ruling out foul play.
Stock markets mixed as Trump-fuelled economy fears weigh
European and Asian stock markets diverged Tuesday after a sharp sell-off on Wall Street fuelled by fears about the US economy as President Donald Trump presses ahead with steep tariffs.
Ships blaze, spill feared after North Sea crash
Fires were raging on Tuesday after a cargo ship laden with toxic materials slammed into a tanker carrying flammable jet fuel in the North Sea, as questions mounted about how the accident happened.
Volkswagen profits hit as high costs, China woes weigh
German auto giant Volkswagen said Tuesday its annual profits nosedived during a torrid year that saw Europe's top carmaker increasingly struggle with high production costs and fierce Chinese competition.
Struggling Japanese automaker Nissan replaces CEO
Struggling Japanese automaker Nissan announced on Tuesday that chief executive Makoto Uchida would step down, a move that follows the failure of merger talks with rival Honda.
Ships still on fire after North Sea crash
Fires were still raging on Tuesday after a cargo ship laden with toxic materials slammed into a tanker carrying flammable jet fuel in the North Sea, as questions mounted about how the accident happened.
Lego posts record profit, CEO shrugs off US tariff threat
Lego's CEO told AFP that US President Donald Trump's tariff threats do not keep him "awake at night" as the world's largest toymaker posted on Tuesday record earnings for 2024.
Most markets in retreat as Trump-fuelled economy fears build
Asian markets mostly fell Tuesday following a sharp sell-off on Wall Street fuelled by fears about the US economy as Donald Trump presses ahead with his global trade war and federal jobs cuts.
Asian markets track Wall St lower as Trump-fuelled economy fears build
Asian markets fell Tuesday following a sharp sell-off on Wall Street fuelled by fears about the US economy as Donald Trump presses ahead with his global trade war and federal jobs cuts.
South Korea's Kia denies responsibility for anti-Musk ad
South Korean automaker Kia told AFP Tuesday it had not approved an advertising campaign that featured one of its electric vehicles with a bumper sticker denigrating rival Tesla owner Elon Musk.
Kung fu girl group puts fresh spin on ancient Chinese art
In front of a secluded temple in southwestern China, Duan Ruru skilfully executes a series of chops and strikes, practising kung fu techniques she has spent a decade mastering.
Asian markets track Wall St selloff as Trump-fuelled economy fears build
Asian markets tumbled Tuesday following a sharp sell-off on Wall Street fuelled by fears about the US economy as Donald Trump presses ahead with his global trade war and federal jobs cuts.
Indian artisans keep traditional toymaking alive
The whirr of machines and smell of carved wood hangs in the air of the Indian toy workshop, a centuries-old art form still in the game despite cheaper plastic alternatives.
abrdn Japan Equity Fund, Inc. (“JEQ”) Announces A Proposed Merger Into abrdn Global Infrastructure Income Fund (“ASGI”) And A Conditional Tender Offer
PHILADELPHIA, PA / ACCESS Newswire / March 11, 2025 / The Boards of Trustees/Directors of abrdn Japan Equity Fund, Inc. (NYSE:JEQ) (the "Acquired Fund") and abrdn Global Infrastructure Income Fund (NYSE:ASGI) (the "Acquiring Fund") announce today that each have approved the merger of JEQ into ASGI (the "Reorganization"). The proposed Reorganization is subject to the receipt of necessary Acquired Fund shareholder approvals.
Curve Energy Corp. And Lot 49 Capital Corp. Sign Definitive Agreement for Amalgamation and TSX Venture Listing
VANCOUVER, BC / ACCESS Newswire / March 11, 2025 / Curve Energy Corp. (the "Company" or "Curve") and Lot 49 Capital Corp. ("Lot 49") are pleased to announce that they have entered into a definitive agreement (the "Definitive Agreement") to combine the two companies (the "Transaction") which will constitute a reverse takeover transaction ("RTO") of Lot 49. The Transaction is structured to facilitate the listing of the combined entity on the TSX Venture Exchange ("TSXV").
Gryphon Digital Concludes Legal Dispute with Sphere 3D Corp.
LAS VEGAS, NV / ACCESS Newswire / March 11, 2025 / Gryphon Digital Mining, Inc. (NASDAQ:GRYP) ("Gryphon" or the "Company"), an innovative venture in the bitcoin and AI space dedicated to helping bring digital assets to the market, entered into a settlement and release agreement (the "Settlement Agreement") with Sphere 3D Corp. ("Sphere") on mutually acceptable terms. No payments were made under the Settlement Agreement, which fully resolves all pending litigation between Gryphon and Sphere, and provides for a full release of Gryphon from any known or unknown and unsuspected claims.
Gladstone Investment Corporation Exits Its Investment in Nocturne Luxury Villas
MCLEAN, VA / ACCESS Newswire / March 11, 2025 / Gladstone Investment Corporation (NASDAQ:GAIN) ("Gladstone Investment") announced today the sale of its portfolio company Nocturne Luxury Villas, Inc. ("Nocturne" or the "Company") to an affiliate of Calera Capital. As a result of this transaction, Gladstone Investment received full repayment of its debt investment and realized a significant capital gain on its equity investment. Gladstone Investment formed Nocturne in partnership with Aureus Capital, LLC ("Aureus") in 2021.
abrdn Emerging Markets Ex-China Fund, Inc. (AEF) Announces Distribution Payment Details
PHILADELPHIA, PA / ACCESS Newswire / March 11, 2025 / abrdn Emerging Markets ex-China Fund, Inc. (NYSE American:AEF), (the "Fund"), a closed-end fund, announced today details of the first distribution under the increased 10% rate. The Fund will pay the $0.15 distribution indicated on a per share basis on March 31, 2025, to all shareholders of record as of March 25, 2025 (ex-dividend date March 25, 2025).
D. Boral Capital Served as Exclusive Placement Agent to Plus Therapeutics, Inc. (Nasdaq:PSTV) in Connection with its up to $15.0 Million Private Placement
HOUSTON, TX / ACCESS Newswire / March 11, 2025 / On March 4th, Plus Therapeutics, Inc. (Nasdaq:PSTV) (the "Company"), a clinical-stage pharmaceutical company developing targeted radiotherapeutics with advanced platform technologies for central nervous system (CNS) cancers, announced the pricing of a private placement with gross proceeds to the Company expected to be approximately $15.0 million.
Formerra Introduces Formerra+ Upgraded Ecommerce Site to Optimize Customer Experience
Formerra+™ delivers a faster, smarter, and more seamless way to do business with enhanced product search, intuitive navigation, and powerful management tools.
Boston-Based Fashion Stylist Tara West and Family Launch Foundation to Aid Los Angeles Wildfire Victims
LOS ANGELES, CA / ACCESS Newswire / March 11, 2025 / Renowned Boston-based fashion stylist Tara West in partnership with five Los Angeles-based and charitably recognized family members, aged 19-75, have launched a foundation dedicated to helping victims of the devastating Los Angeles wildfires rebuild their lives and reclaim their sense of normalcy. The National Disaster Lifestyle Recovery Foundation, NDLRF, will provide resources such as wardrobe rehabilitation, home furnishings and other lifestyle rehabilitation services as a pathway for individuals and families affected by the wildfires to regain stability and return to their previous lifestyles.
Virtual Investor Releases Next Wave of "Top 5 for '25" On-Demand Videos
- Access video webcasts from all participating companies here
Search ends for missing crew member after North Sea collision
The UK coastguard ended the search for a missing crew member after a cargo ship ran into a US-military charted tanker carrying jet fuel in the North Sea on Monday.
One missing after cargo ship, tanker collide in North Sea
One person was missing Monday after a cargo ship ran into a US-military charted tanker carrying jet fuel in the North Sea, sparking concerns of "multiple toxic hazards" off the English coast.
Stock markets slump on US recession fears
Stock markets dropped on Monday with tech shares leading the plunge as investors fretted over the risk that US President Donald Trump's trade policies could nudge the United States into recession.
'Elbows up!' - the hockey tactic inspiring Canada's anti-Trump fight
A legendary Canadian ice hockey player renowned for his aggressive play has inspired the country's emerging rallying cry of "Elbows up!" in its battle against US President Donald Trump.
Stock markets slump on US economic fears
Stock markets dropped on Monday as investors fretted over the impact of President Donald Trump's trade policies on the economic growth of the United States.
UN chief says 'poison of patriarchy' is back with a vengeance
United Nations leader Antonio Guterres on Monday condemned rollbacks in women's rights that he said had been condoned by some world leaders.
UBS fined 75,000 euros in France for harassing two whistleblowers
A French court fined Swiss bank UBS 75,000 euros on Monday for the psychological harassment of two whistleblowers who had denounced a system that helped moneyed French clients dodge taxes.
Stock markets slump on US, China economic fears
Stock markets slipped on Monday as investors fretted over the impact of President Donald Trump's trade policy on the economic growth of the United States and China, the world's biggest economies.
Major fuel shortage hits black gold producer Niger
Petrol station attendant Amadou Sani gesticulated to approaching motorists in Niamey to keep going because the garage had no more fuel.