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.
An asteroid named 2025 OW, roughly the size of the Leaning Tower of Pisa, is set to pass Earth at a distance of 393,000 miles next Monday, traveling at 46,908 miles per hour. It is one of five near-Earth asteroids monitored by NASA, all of which pose no threat to our planet despite their size, as they will fly well beyond the Moon's orbit. Want More Context? 🔎
Read moreAn Israeli drone strike in Aita al-Shaab, southern Lebanon, killed one person, adding to ongoing ceasefire violations along the border. Despite a November 2024 truce, Israeli forces have conducted near-daily attacks, with reports of nearly 3,000 violations since, resulting in 259 deaths and over 562 injuries, while Israel maintains military presence at five border outposts. Want More Context? 🔎
Read moreAbout the AuthorTOI World DeskTOI World Desk consists of a team of dedicated journalists and writers who provide timely and accurate news coverage of global events. They aim to offer readers a nuanced understanding of international affairs, unraveling the interconnected stories that shape our world.Read More Want More Context? 🔎
Read moreA passenger, Jovahna Samuels, 38, has been sentenced to jail after attempting to drive off with a $200,000 public bus during a dispute with the driver in Auckland. The bus only moved a short distance before stopping, and while her defense argued it was more of a tantrum than a serious crime, it was still deemed a significant offense. Want More Context? 🔎
Read moreKenya's Independent Policing Oversight Authority (Ipoa) reported that police used "disproportionate force" during recent protests, resulting in 65 deaths, primarily due to police actions. The protests, sparked by police brutality and government policies, saw significant violence, with President Ruto controversially ordering police to injure rather than kill protesters. Want More Context? 🔎
Read moreWashington — Todd Blanche, the second-highest-ranking Justice Department official, is set to meet with Ghislaine Maxwell to discuss Jeffrey Epstein, following her conviction for facilitating his abuse of underage girls. Blanche emphasized the DOJ's commitment to uncovering the truth, stating, "No one is above the law," as he reaches out to Maxwell for insights. Want More Context? 🔎
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