News

Hyundai and General Motors are close to finalizing a deal for Hyundai to share two electric commercial van models with GM, while GM might provide Hyundai with pickup trucks to sell under its own brand in North America. This potential partnership could extend beyond just vehicles, with discussions including joint purchasing or development of computing chips, next-generation batteries, and battery materials.

Alimentation Couche-Tard's founder, Alain Bouchard, believes his company's $47 billion offer for Seven & i Holdings could be strengthened if the Japanese firm became more cooperative and revealed more financial information. However, Seven & i remains hesitant about the deal, citing antitrust concerns in the United States.

Opposition leaders in Japan are demanding that Prime Minister Shigeru Ishiba explain his decision to give gift certificates to 15 rookie lawmakers, as they believe it may have violated the Political Fund Control Law. The controversy has further damaged the image of the LDP and created divisions within the party, with some members calling for Ishiba to take responsibility for his actions.

Asian markets displayed a mixed performance on Friday, with Chinese markets experiencing their second consecutive day of decline and Japan's Nikkei 225 index edging up. This mixed performance came amidst a retreat on Wall Street, which was attributed to uncertainties surrounding U.S. President Donald Trump's policies.

U.S. stocks rebounded on Monday, with the S&P 500 and Dow Jones Industrial Average both rising, despite ongoing concerns about President Trump's trade war and the possibility of a recession. The Federal Reserve is set to make a decision on interest rates later this week, with investors closely watching for any signals about the future direction of monetary policy.