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FT News Briefing
Nissan pushes CEO out
Mar 12, 2025
Nissan's leadership shakeup sees CEO Makoto Uchida ousted after failed merger talks with Honda. The podcast highlights the impact of this transition on the company's strategy, including workforce cuts and production adjustments. Meanwhile, banks are scrambling to adapt to the booming Buy Now, Pay Later trend, competing with fintech startups while emphasizing responsible lending. As traditional banking struggles to keep pace with these innovations, the podcast dives into the challenges of the finance sector and evolving consumer habits.
10:49
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Quick takeaways
- Nissan's CEO Makoto Uchida was ousted due to multiple challenges, including failed merger talks and internal management issues.
- Citigroup is striving to establish itself in the competitive Buy Now, Pay Later market by offering interest-free payment options and responsible lending practices.
Deep dives
Volatile Market Dynamics
Recent trading sessions in U.S. equities displayed significant volatility, with the S&P 500 experiencing a notable correction that brought it down by 10% from its recent peak. This decline was primarily triggered by the U.S. government's announcement to double tariffs on Canadian steel and aluminum imports. However, a recovery occurred later in the day when news surfaced about Ukraine's willingness to enter a 30-day ceasefire with Russia, which prompted a bounce back in stock prices. Despite this rebound, the S&P 500 ended the day lower by approximately three-quarters of a percent, reflecting ongoing economic uncertainty.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode