Honda and Nissan have reportedly engaged in talks about a potential merger to boost their competitiveness in the electric vehicle market, particularly in China, where they are losing market share. The Japanese car makers previously agreed to explore a strategic partnership for EVs, responding to the BBC with identical statements confirming their ongoing collaboration. With the industry shifting towards electric vehicles, Honda and Nissan are looking to strengthen their position by deepening their ties and exploring new opportunities for cooperation in technology and intelligence.
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White House Keeps Pressure on Powell Over Rate Cuts and Renovations
The White House continues to pressure Federal Reserve Chair Jerome H. Powell amid accusations of economic mismanagement and a $2.5 billion renovation overrun at the Fed's headquarters. President Trump criticized Powell for not cutting interest rates as demanded, suggesting political motivations behind the Fed's decisions, while top administration officials explore ways to remove him before his term ends. Want More Context? 🔎
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