Japanese carmaker Nissan has said it will cut another 11,000 jobs globally and shut seven factories as it shakes up the business in the face of weak sales.
Falling sales in China and heavy discounting in the US, its two biggest markets, have taken a heavy toll on earnings, while a proposed merger with Honda and Mitsubishi collapsed in February.
The latest cutbacks bring the total number of layoffs announced by the company in the past year to about 20,000, or 15% of its workforce.
It was not immediately clear where the job cuts will be made, or whether Nissan’s plant in Sunderland will be affected.
Nissan employs about 133,500 people globally, with about 6,000 workers in Sunderland.
Two-thirds of the latest job cuts will come from manufacturing, with the rest from sales, administration jobs, research and contract staff, said the company’s chief executive, Ivan Espinosa.
The plan had been to combine their businesses to fight back against competition from rival firms, especially in China.
The merger would have created a $60bn (£46bn) motor industry giant, the fourth largest in the world by vehicle sales after Toyota, Volkswagen and Hyundai.
After the failure of the negotiations, then-chief executive Makoto Uchida was replaced by Mr Espinosa, who was the company’s chief planning officer and head of its motorsports division.
Nissan also reported an annual loss of 670 billion yen ($4.5bn; £3.4bn), with US President Donald Trump’s tariffs putting further pressure on the struggling firm.
Mr Espinosa said that the previous financial year had been “challenging”, with rising costs and an “uncertain environment”, adding that the results were a “wake-up call”.
The car giant did not give a forecast for income in the coming year due to the “uncertain nature of US tariff measures”.
It said it expected flat profit this year even without accounting for the impact of tariffs.
Last week, Nissan announced it had scrapped plans to build a battery and electric vehicle factory in Japan as it cuts back on investment.
The firm has been in trouble in key markets, including China where growing competition has led to falling prices.
In China, many foreign carmakers have struggled to compete with homegrown firms such as BYD.
China has become the world’s biggest producer of electric vehicles, with some established car-making nations having failed to anticipate demand for the new technology.
In the US, another major market for Nissan, inflation and higher interest rates have hit new vehicle sales, although Nissan retail sales rose slightly last year.
But sales fell 12% in China, and also dropped in Japan and Europe.
Fred Smith, founder of the US parcel delivery giant Federal Express, has died at the age of 80, the company has announced.
Mr Smith founded the firm in 1973 having previously served in the US Marine Corps. He ran the company as CEO until 2022.
“Fred was more than just the pioneer of an industry and the founder of our great company. He was the heart and soul of FedEx,” current boss Raj Subramaniam wrote in a memo to staff.
Born in 1944, Mr Smith started FedEx with 389 staff and 14 small planes that carried 186 packages from Memphis to 25 cities within the US.
FedEx now has more than 500,000 employees across the globe and delivers millions of packages a day.
Its operations involve 705 aircraft and 200,000 vehicles, according to its website.
“He was a mentor to many and a source of inspiration to all. He was also a proud father, grandfather, husband, Marine, and friend,” Mr Subramaniam said.
Mr Smith joined the US Marine Corps as a second lieutenant after graduating from Yale University.
He served two tours in Vietnam and was awarded medals for bravery and wounds received in combat before leaving the military as a captain in 1969.
Mr Smith used a business theory he came up with while at Yale to create what is now known as a hub and spoke delivery system.
Such a network relies on co-ordinated cargo flights centred around a main hub – which Mr Smith set up in Memphis, Tennessee, which remains FedEx’s base.
While well known in Memphis, Mr Smith lived a life relatively out of the spotlight – although he did make a cameo appearance in the Tom Hanks movie Castaway in which a FedEx employee is stranded on an island after a plane crash.
Jane Platt is a volunteer helping others even though she is struggling herself
Jane Platt’s bright pink polo shirt marks her out as a volunteer at the Big Venture Centre.
The community shop provides discounted items and other help to people living in some of the most deprived areas of Wolverhampton.
Places like Bushbury, Heath Town and Low Hill, where Ms Platt believes “everyone is struggling”, including herself.
The local council insists it is there for those who need support, but some living in the areas say they feel forgotten.
“My baby won’t play out in the streets,” explained Ms Platt, who lives near the Scotlands Estate.
The Big Venture Centre helps people with discounted items and other support
The 45-year-old has been volunteering at the centre for years and said it helped her gain skills and look after her own mental health.
But she claimed it was also one of the only places she felt safe in the area.
“You can’t look at people when you [are out],” Ms Platt said.
“I try and look the opposite way because you just don’t know what they’re going to say.”
Tracey Walters likes living in the area but said there was scope for improvement
Tracey Walters, a resident being supported by the Big Venture Centre, was born in the area.
The 61-year-old said she liked living there but felt it had been “forgotten” about.
She demanded more activities for younger children on the estate, and was also concerned about rubbish.
“I don’t think Wolverhampton Council care about this area,” she said.
The council said there was more than £121,000 in funding for children in the Scotlands during the school holidays, adding it received regular litter picks and sweeps.
One woman asked not be named but said the area was “scruffy”
The local authority also insisted 112 jobs involving roads and street lighting had been carried out.
But another centre user, who asked not to be named, said it looked “scruffy”.
The woman, who has lived in the area all her life, said drugs and other forms of anti-social behaviour were a big problem, often because young people did not have anything to do.
“It used be nice area at one time but there’s nothing left,” she claimed.
“It’s just empty houses that get smashed up. You find needles on the floor [and] nobody cares.”
The council said it was working to make sure no residents were left behind
Despite the issues, volunteer director David Chadwick insisted the Scotlands was a place where “everybody will help everybody”.
“Without us a lot of families would suffer and that’s why we’re here,” he said.
City of Wolverhampton Council said it was working with police and other organisations to make sure the area was safe and nobody was “left behind”.
“The council has awarded millions of pounds in regeneration grants in the area and created The Big Venture centre by a community asset transfer,” a spokesperson said.
“We hold regular community resident meeting where people can talk directly to the council.”
The BBC is threatening to take legal action against an artificial intelligence (AI) firm whose chatbot the corporation says is reproducing BBC content “verbatim” without its permission.
The BBC has written to Perplexity, which is based in the US, demanding it immediately stops using BBC content, deletes any it holds, and proposes financial compensation for the material it has already used.
It is the first time that the BBC – one of the world’s largest news organisations – has taken such action against an AI company.
Perplexity has been approached for comment.
The BBC’s legal threat has been made in a letter to Perplexity’s boss Aravind Srinivas.
“This constitutes copyright infringement in the UK and breach of the BBC’s terms of use,” the letter says.
The BBC also cited its research published earlier this year that found four popular AI chatbots – including Perplexity AI – were inaccurately summarising news stories, including some BBC content.
Pointing to findings of significant issues with representation of BBC content in some Perplexity AI responses analysed, it said such output fell short of BBC Editorial Guidelines around the provision of impartial and accurate news.
“It is therefore highly damaging to the BBC, injuring the BBC’s reputation with audiences – including UK licence fee payers who fund the BBC – and undermining their trust in the BBC,” it added.
Web scraping scrutiny
Chatbots and image generators that can generate content response to simple text or voice prompts in seconds have swelled in popularity since OpenAI launched ChatGPT in late 2022.
But their rapid growth and improving capabilities has prompted questions about their use of existing material without permission.
Much of the material used to develop generative AI models has been pulled from a massive range of web sources using bots and crawlers, which automatically extract site data.
Many organisations, including the BBC, use a file called “robots.txt” in their website code to try to block bots and automated tools from extracting data en masse for AI.
It instructs bots and web crawlers to not access certain pages and material, where present.
But compliance with the directive remains voluntary and, according to some reports, bots do not always respect it.
The BBC said in its letter that while it disallowed two of Perplexity’s crawlers, the company “is clearly not respecting robots.txt”.
Mr Srinivas denied accusations that its crawlers ignored robots.txt instructions in an interview with Fast Company last June.
Perplexity also says that because it does not build foundation models, it does not use website content for AI model pre-training.
‘Answer engine’
The company’s AI chatbot has become a popular destination for people looking for answers to common or complex questions, describing itself as an “answer engine”.
It says on its website that it does this by “searching the web, identifying trusted sources and synthesising information into clear, up-to-date responses”.
It also advises users to double check responses for accuracy – a common caveat accompanying AI chatbots, which can be known to state false information in a matter of fact, convincing way.