GM’s profit tumble in second quarter comes a day after Jeep maker Stellantis says it expected a $2.7bn loss in the first six months of the year.
General Motors reported a 35% drop in Q2 profits to $1.9bn, impacted by $1.1bn in tariffs, while maintaining its full-year forecast. Despite strong sales in North America, GM anticipates lower profits in the latter half of 2025 due to ongoing tariff challenges and increased spending on new vehicle launches.
Iranian diplomats are in Istanbul for renewed nuclear talks with Germany, the UK, and France amid threats of reinstated UN sanctions following Israel's recent attacks on Iran. Iran warns that reimposing sanctions would lead to its withdrawal from the nuclear non-proliferation treaty and insists on maintaining its nuclear program, claiming enrichment is currently halted due to damage from military strikes. Want More Context? 🔎
Read moreErik Menendez, 54, has been hospitalized with a serious but undisclosed medical condition, prompting his attorney to call for his immediate release ahead of a parole hearing on August 21. Along with his brother Lyle, Erik was resentenced to 50 years to life in prison for the 1989 murders of their parents, a case that has garnered significant public interest and family support for their release. Want More Context? 🔎
Read moreA 30-year-old bus driver in Singapore was sentenced to eight years in prison and six strokes of the cane for engaging in sex with a 13-year-old girl he met on his bus route. The victim reported the abuse after her aunts noticed changes in her behavior, leading to a police investigation that revealed a relationship lasting several months, during which the girl was underage. Want More Context? 🔎
Read moreStarting July 25, Ofcom mandates age checks on UK porn sites to protect children from accessing harmful content, requiring ID or credit information for verification. Research shows alarming rates of underage access, prompting these rules as part of the Online Safety Act to mitigate negative impacts on children's understanding of sex and relationships. Want More Context? 🔎
Read moreTwo Israeli soldiers at Belgium's Tomorrowland festival faced arrest for displaying a Givati Brigade flag, linked to alleged war crimes in Gaza. The Hind Rajab Foundation hailed the arrests as a milestone for accountability under universal jurisdiction, despite the soldiers’ claims of mistreatment during detainment, highlighting tensions surrounding Israel's military actions. Want More Context? 🔎
Read moreTraffic is being diverted off the Kwinana Freeway southbound at Armadale Road in Jandakot due to a serious multi-car pile-up, affecting multiple lanes and causing backups to Roe Highway. Emergency services, including towing and St John WA, are on site treating one patient for seatbelt injuries, and motorists are advised to consider the Farrington Road exit. Want More Context? 🔎
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