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Japan's Auto Giants Are Losing The EV Race To China

Japan's Auto Giants Are Losing The EV Race To China Japan’s car industry is being forced into a major reset as Chinese automakers rapidly outpace traditional rivals in electric vehicles, software, and manufacturing speed, according to Nikkei. The shift is especially visible at Honda Motor. In 2021, CEO Toshihiro Mibe pledged that EVs and fuel-cell vehicles would account for all new Honda sales by 2040. Last week, however, he admitted the plan was “not realistic under the current circumstances,” formally backing away from the target. Nikkei writes that Honda’s retreat marks a sharp...
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Jun 12, 2026 / Tyler Durden
'US-Iran Deal Is Near' Narrative Returns, But Tehran Refuses To Surrender Hormuz Leverage
'US-Iran Deal Is Near' Narrative Returns, But Tehran Refuses To Surrender Hormuz Leverage After having heard the same line many, many times before - and yet with no result (instead, more often the opposite of sliding into further conflict and escalation) - Pakistan’s Ministry of Foreign Affairs on Friday welcomed the "progress" made between the United States and Iran in indirect negotiations. CNN and other mainstream outlets are reporting on this "hint" that an interim deal taking shape (again). But given the pattern and track record of such reporting, which has consistently...
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Jun 7, 2026 / Tyler Durden
Korea "Black Monday": Kospi Halted For 20 Minutes After Crashing Almost 10%
Korea "Black Monday": Kospi Halted For 20 Minutes After Crashing Almost 10% After the close on Friday, we said that on Monday, Korean stocks would be a "bundle of joy"... Korea on Monday will be a bundle of joy — zerohedge (@zerohedge) June 5, 2026 ... are having a very bad day.  The sudden plunge triggered a circuit breaker, halting trading for 20 minutes.  The Korea Exchange held an emergency meeting Monday to assess rising volatility and discuss measures to ensure stable market operations. Concerns over overheating in the AI rally combined with uncertainty in the macro...
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Apr 18, 2026 / Tyler Durden
Ilhan Omar: Hey, Um, As It Turns Out, I'm Not Actually A Multimillionaire After All
Ilhan Omar: Hey, Um, As It Turns Out, I'm Not Actually A Multimillionaire After All Authored by Robert Spencer via PJMedia.com, Rep. Ilhan Omar (D-Mogadishu) has for some time now been the poster child not only for the legion of ungrateful, America-hating migrants, but for members of the House of Representatives who have become multimillionaires on a $174,000 annual salary.  The latter in particular has brought her unwelcome scrutiny: In February, House Oversight Chairman James Comer (R-Ky.) announced that he was opening an investigation after two companies Omar’s husband owns jumped in...
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