1. The United Nations says the recovery and reconstruction of the Gaza Strip after devastation by Israeli attacks is estimated to require at least 53.1 billion dollars. The UN released a report on its interim assessment for the recovery and reconstruction needs for Gaza on Tuesday. The report says more than 60 percent of homes and over 65 percent of roads have been destroyed in the strip.
2. Authorities in Taiwan say an explosion at a department store in central Taiwan on Thursday has left four people dead and one without vital signs. Footage aired by Taiwanese TV station TVBS shows significant damage to the upper part of the building, with debris scattered on the ground nearby as emergency responders work at the scene.
3. Honda Motor and Nissan Motor have decided to terminate merger talks that would have created the world’s third-biggest automaker group. The companies say they are instead seeking to prioritize “the speed of decision-making” in a rapidly changing EV market. The Japanese automakers started the merger talks in the face of intense competition from US and Chinese rivals in EVs and software development. They originally planned to integrate operations under a holding company. But Honda then switched strategy and proposed acquiring Nissan to make it a wholly-owned subsidiary. Nissan President Uchida Makoto says that proposal was unacceptable.
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