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GM’s first-quarter U.S. vehicle sales lead industry as automakers brace for tariffs

April 2, 2025

7-Eleven owner grants Couche-Tard greater access to its books
TOKYO — Seven & i Holdings, the 7-Eleven convenience chain operator and target of Japan’s biggest foreign takeover bid, announced on Thursday that it has signed a non-disclosure agreement with the bidder, Alimentation Couche-Tard (ACT), to engage in further deal discussions. “The execution of the NDA is a positive step in the constructive engagement process…
Yen weakens modestly as BOJ keeps rates unchanged
TOKYO — The yen weakened slightly on Thursday after the Bank of Japan left interest rates unchanged as expected at 0.5% at the end of its two-day policy meeting. The yen traded in the mid-143 range against the dollar, depreciating by about 0.45% as of 12:10 p.m.
BOJ holds steady on interest rates amid Trump tariff uncertainty
TOKYO — The Bank of Japan held its key interest rate steady on Thursday as U.S. President Donald Trump’s sweeping tariff policy casts a shadow over the Japanese economy. The central bank kept its policy rate, an uncollateralized overnight call rate, at 0.5% during its first board meeting since Washington announced a wave of “reciprocal”…
7-Eleven owner and Couche-Tard sign NDA for takeover talks
() — Canada’s Alimentation Couche-Tard said on Wednesday that it has signed a non-disclosure agreement with Japanese retail giant Seven & i Holdings for its takeover offer. The detailed terms of the agreement will remain confidential, Seven & i said in a separate statement.
Heart Aerospace’s US move shows Europe is ‘driving innovation away’
Swedish electric plane startup Heart Aerospace is relocating its headquarters from Gothenburg to Los Angeles in a move it says will “bolster product development.” The company will lay off all of its 75 employees in Sweden, company spokesperson Christina Zander told TNW. “Recruitment in the US is ongoing,” she added. Founded in 2018, Heart Aerospace…
Europe’s biggest blackout made me confront my dependence on tech
Unprecedented power cuts swept across Portugal, Spain, and parts of France on Monday — instantly unravelling the tech-dependent lives of me and tens of millions of others. At first, I wasn’t worried. Then the owner of my Lisbon apartment forwarded me a link: an article in The Sun newspaper titled “Spain & Portugal hit by…
Indonesia’s free meals marred by missed payments and poisoning
JAKARTA — Nearly four months after Indonesian President Prabowo Subianto launched his ambitious free meals for children program, missed payments to vendors, a lawsuit and incidents of food poisoning are tarnishing this flagship policy. Officially rolled out in early Janu, the program had reached 3.26 million recipients as of Tuesday, including children from infants to…
America’s oldest bank looks to Japan amid global uncertainty
TOKYO — Bank of New York Mellon is bolstering its Japan operations, seeing opportunities to make money as the country emerges from deflation and its people become more open to investing in the stock market. BNY, a processing bank, provides infrastructure for global banks, central banks, sovereign wealth funds, pension funds and insurers. It clears…
Global auto output to shrink 2% on Trump tariffs: forecast
NEW YORK — Global automobile production is on track to decline 2% on the year to 87.9 million vehicles in 2025 as a result of the Trump administration’s tariffs, a new forecast for the industry shows. S&P Global Mobility estimates that output will shrink 1.55 million vehicles compared with 2024. The drop exceeds the roughly…