Latest News
-
Honda and Nissan aim to roll out joint vehicle software by fiscal 2029
Nissan and Honda, two Japanese automakers, announced 'on Monday that they will jointly develop electronic control units (ECUs), standardised for software defined vehicles (SDVs). This is a step forward in their collaboration on more advanced car technology. In a joint statement, the companies said they plan to integrate the ECUs developed jointly and the software into next-generation cars starting in the financial year 2029. Automakers are increasingly focusing on software as their vehicles adopt more autonomous driving and connected features. The cost of development is increasing as carmakers invest heavily in operating systems to support features such as driver assistance, entertainment and over-the-air upgrades. This move reflects the growing pressure of Chinese automakers, such as BYD. They have made significant gains in Europe and Southeast Asia by introducing electric and hybrid vehicles with sophisticated software. This agreement is the result of talks that began 2024 when Honda and Nissan announced they would?jointly research next-generation platforms. The agreement comes after more than a yr of abandoning?merger discussions that would have created a?fourth-largest automaker in the world. Honda and Nissan have stated that they are working to create common specifications for the core ECUs in their vehicles' electrical and electronic architecture. They also plan to standardize operating systems, middleware software and other parts. Nissan's alliance partner, Mitsubishi?Motors, said in a press release that it was considering joining the collaboration. It remained in discussion with both automakers about potential areas of cooperation.
-
Rhine water levels rise after rain but shipping issues are not over
The Rhine river in Germany rose'sharply' after recent rains, according to the inland navigation agency of Germany. However, shipping problems remained despite ships being able to take on more cargo. Rhine water levels reached record lows in early August. Industry suffered higher transport costs, logistic bottlenecks, and curtailed production. WSV, the inland navigation agency, said that the navigable water gauge at the chokepoint near Koblenz measured 72 cm on Monday compared to 60 cm on Friday. The Rhine dropped 'below 10 cm' in mid-August. This was below the previous low recorded level of 25cm?in 2018. The river is approximately 1 metre deep?than its navigable depth. Ships continue to sail partially loaded, even though they can take on more cargo. For fully loaded sailings, a navigable water gauge at Kaub of approximately 1.5 metres is required. The cost of transporting freight on roads and rails has increased as a result of the need to spread out loads across multiple vessels. One commodity trader stated that "some rain is forecast this week, but any improvement will be dependent on how much actually falls." The WSV predicts that the river may fall later this week, but will remain?well below early-August levels. Germany and other European nations have experienced successive heatwaves this summer and limited 'rainfall. This has pushed the water levels down on important waterways such as the Rhine. The Rhine is a vital shipping path for grain, minerals and refined oil products.
-
Mother tells of daughter's disappearance in North Cyprus ferry disaster
Ayten Bicer felt her daughter, 12, slip from her hand and 'disappear' as a ferry capsized near northern Cyprus on Sunday. At least eight people were killed. Search teams were still looking for survivors Monday in the waters of more than 500 metres (1.640 feet) depth. Her daughter Miray and her 6-year-old Mehmet asaf were two of nearly 20 people who remain missing. "She said, 'Don’t let go.' And I did not let go of my child. I swear, I didn't let her go," Ayten Bicer sobbed. The girl was thrown from her grip when a suitcase fell on her. The mother grabbed the foot of her daughter, but the shoes were covered in oil from the ship that had overturned. On Sunday, a double-hulled vessel with 267 people aboard took on water and flipped. Surviving passengers were left clinging to the overturned hull. The coastguard and passing vessels rescued them. Separate reports said that the vessel's wide body jolted violently, before slamming into the surface of the water with a part of its bow breaking open upon impact. On Saturday, Cypriots experienced severe storms and on Sunday the seas remained rough. On Monday, debris was scattered on the water. This included a wheelie case in black that bobbed on the surface as well as a sheet of metal that looked to have come loose from the ferry. Families wait for updates Some of the people waiting outside the port in Kyrenia sat silently and wept while others scanned their mobile phones to check for updates. Uncertain was whether people were still trapped in the ship, which now lay on the seabed. Social media footage suggests that there were still people in one compartment when the ship flipped. Hayri Bicer, the husband of Ayten Bicer, says that everything happened very suddenly. "We couldn't intervene. We lost our kids. We tried hard but couldn't save them. Two of my kids are dead. One of my sons lives. Two of my three children are dead. Two of my children have?gone. We left them. "We're leaving them here on the island," he said. Officials said that divers from Turkey assisted in the search. Officials gave varying estimates, some saying 19 and others 18. The ferry had a problem shortly after departing Kyrenia to the Turkish port of Tasucu in Mersin Province, one of many daily sea shuttle connections with Turkey. The authorities have detained and questioned the captain of the ship as well as the crew. Ayten Bicer, sat in a deckchair?outside of the port at Kyrenia Monday morning. She was waiting for updates. Her eyes were swollen from crying. "It was like oil, there was Diesel, and our feet were slick. It was slippery everywhere. It was slippery everywhere. She slipped from my hand. Ayten Bicer pointed to the collar of Ayten's T-shirt and said: "Mehmet Asaf was holding on to his dad here." "Saying, 'Baba'(Dad)".
-
State media reports that Russia has dropped all charges against Ilya Traber.
On 'Monday,'?state media reported that Russian investigators had dropped the murder charges against prominent businessman Ilya Traber. Traber is a 75-year-old businessman who has invested heavily in St Petersburg's ports and logistics. Russian media reported that he was arrested in June for the fatal shooting of Alexander Petrov in 2020. On?Monday, state-run agencies?TASS? and RIA?reported that all charges?against Traber?had been dropped and his investigation closed. TASS reported that he had been released from his pre-trial custody due to health reasons. The reports were not confirmed by any official sources. Traber rose to prominence after the fall of the Soviet Union in the 1990s when he took control of St Petersburg’s oil terminal and sea port at a time when President Vladimir Putin served as a deputy mayor of the city's administration. Traber's friendship with Putin and the Kremlin was previously denied by the Kremlin.
-
Kenya Airport Staff Strike delays Thousands of Passengers
The go-slow strikes by airport workers continued on Monday, affecting thousands of travellers. The main union said that negotiations were still ongoing. The Kenya?Aviation Workers' Union said?the striking at the Jomo?Kenyatta?International Airport is due to a variety of grievances. These include the inability of concluding a collective bargaining with the Kenya Civil Aviation Authority, and the lack of cooperation by the Kenya Airports Authority and Kenya Airways subsidiary Jambojet. KAA said on Sunday that some flights had experienced delays, without disclosing the reasons. On 'Monday, it did not reply to a comment request. Kenya Civil Aviation Authority (KCAA) and Jambojet have not responded to requests for comments. RwandAir, Rwanda's national carrier, announced in an X-post on Sunday that two flights had been cancelled due to?what they called air traffic control problems at the Nairobi airport. Passengers said they had waited?hours for information about their flight. "When I arrived, the flight had been delayed until 1 a.m. It was an hour-and-a-half delay and another delay until 4:30 a.m. I then went to check in at around 3 o'clock. The rabbi Mendel, who was travelling to Florida for a wedding, said that they?told him the flight had been cancelled. Goldman told a reporter on Monday that the earliest flight available to them was only for tomorrow night. "We'll have to wait," Goldman said. "We are going to make the most of this, but I have been waiting in the airport for over 12 hours." KAWU Secretary general Moss Ndiema stated that the union and government officials had met on Sunday in order to resolve issues, but they were unable to do so. "We've agreed to continue with the engagements tomorrow at 11 am." "In the meantime, the strike is still going on," he said on KTN Television.
-
Eight people are still missing following the north Cyprus ferry accident that killed eight
Divers joined search teams to search deep waters in search of survivors. Nearly 20 people are still missing after a ferry capsized near Northern Cyprus on Monday, killing at least eight. On Sunday, a double-hulled 'ferry' with 267 people aboard sank and flipped on the seabed just off the port of Kyrenia. The survivors were left clinging onto the overturned hull. The coastguard and passing vessels rescued them. Naif Ezer was one of the anxiously waiting outside the port for news about passengers in the early morning hours on Monday. One of the three friends who were traveling to see their families had been located, but two others were still missing. While some waited, they silently wept while others scrolled their mobile phones to check for updates. The vessel was lying at a greater depth than 500 meters (1,640 feet) on the seabed. Officials said that divers from Turkey assisted in the search. Officials gave varying estimates on the number of missing people, some stating 19 and others 18 The ferry ran into trouble soon after leaving Kyrenia to reach the Turkish port Tasucu, in Mersin Province. This is one of many daily sea shuttle connections with Turkey. Separate reports said that the wide-bodied ship slammed violently onto the sea surface, with a part of its bow bursting open upon impact. Authorities have detained and questioned the captain of the ship, as well as the crew.
-
InPost barely beats forecasts for the second quarter but reduces guidance
InPost, the parcel?locker firm, which is?subject to a takeover offer?by FedEx and Advent International led consortium, has narrowly beaten market expectations in terms of core earnings for second quarter but reduced its 2026 forecast for this metric. It said that the outlook was slashed from a flat core profit to a single-digit percentage decline due to investment costs, an improved pricing environment in InPost's native Poland and ongoing business transformations in Britain & Ireland. Rafal Brzoska, the founder and CEO of the former Yodel company, said in a statement that "the UK is still a work-in-progress". The revamped business aimed to lower?costs for each parcel and improve the use and efficiency of the logistic network. InPost's second-quarter adjusted earnings were 1,04 billion zlotys, or $277.6 millions. The company polled analysts who expected an average of 1.01 billion. The adjusted core profit margin fell by 3.3 percentage points during the quarter, and by 5.7 percentage points for the first half of this year. InPost has been the target of a?takeover bid of EUR7.8billion ($9.0billion) from a group led by FedEx, and private equity firm Advent. The offer was launched in May and has received all regulatory approvals. It will run until September 18. The deal would allow U.S. FedEx, a parcel locker leader in Europe, to expand its reach into Europe.
-
Two people killed in missile attack on Russian Belgorod, say authorities; hit Ozon facilities
Alexander Shuvayev, the acting governor of Belgorod in Russia's border region with Ukraine, said that a missile attack had?killed 2 people and injured 16. He said that the deaths on Sunday followed a Ukrainian attack which had also destroyed seven warehouses in the city. Russian online retailer Ozon stated?on Telegram? that a Belgorod logistics hub and sorting facility were also attacked, resulting in a fire. It wasn't immediately clear if Shuvayev & Ozon were referring to the same facilities. A Russian drone attack on Friday caused a detonation of an ammunition depot near the Ukrainian capital, Kyiv. In February 2022, Russia invaded Ukraine. Both sides regularly attack each other's infrastructure including ports, energy and logistical facilities, but deny targeting civilians. Could not independently verify the damage reports. Sberbank is Russia's largest lender. It has approved a restructuring of a total?6.8 billion roubles (79 million dollars) of loans to traders who sell goods through?Ozon or Wildberries, an e-commerce giant which recently attracted?Ukraine terrorism attacks. State news agency TASS reported this, citing a senior bank executive.
Ground crews at Qantas Airways in Australia vote to strike over "rock-bottom" pay
Ground crew members at Australia's biggest airline, Qantas Airways voted on Monday for strike action due to pay and conditions.
The 'Transport Workers Union' said that 97% of the 350 workers who voted supported a?industrial action?, including work stops?ranging from an hour to 24 hours.
A strike date has not been announced. Before taking industrial action, the union must give at least three days' notice.
Michael Kaine, national secretary of the union, said that although ground workers didn't want strike, after falsely being promised by this airline that they would be treated with respect, there was no other option.
The union said that the workers' "pay, safety, and conditions" had fallen to the lowest levels.
The strike threat follows Qantas long-haul flight pilots who voted for industrial action in early August before reaching a wage agreement with the airline.
Qantas stated in a press release that it was "committed to reaching an agreement" with its employees that included annual pay increases. The details of the airline's proposal were not made clear.
The Fair Work Commission said that the discussions with the Fair Work Commission were constructive, and that negotiations continue.
We are focused on a deal that addresses the issues employees told us were most important, such as pay and full-time employment opportunities.
Qantas said it has contingency plans in place to minimise any impact on its operations, if there is a strike.
The subsidiary Qantas Ground Services employs its ground staff as casual or part-time workers.
They do not work on mainline or international services.
The Transport Workers Union stated that "QGS employees are calling for job stability, a fair wage rise after years in which wages were frozen, and to bring back the scattered work groups under a single Qantas banner instead of pitting them against each other."
Qantas' ground staff and the Fair Work Commission of Australia are due to meet on September 18 for talks.
Qantas reported A$2,06 billion ($1.47billion) in annual underlying profits before tax on Thursday, a fall of 14% attributed to an increase in fuel costs due to the Middle East conflict.
(source: Reuters)