Chinese car maker Chery has signed a non-binding memorandum of understanding with Nissan to potentially build its Omoda and Jaecoo cars at the Sunderland facility, with production possible from 2027

Chinese automotive manufacturer Chery may soon begin producing its vehicles at Nissan’s Sunderland facility following a fresh agreement. The manufacturer, which owns the Omoda and Jaecoo marques, has entered into a non-binding memorandum of understanding with Nissan to assemble its vehicles at the Sunderland site.

The facility would continue to be owned by Nissan under the proposed arrangement, with staff operating it remaining employed by the Japanese manufacturer, though Chery would utilise the plant’s available production capacity for its passenger vehicles.

Should the agreement proceed, Chery vehicles could begin emerging from the Sunderland production line during the 2027 financial year. A statement released in May by Nissan revealed that the marque would be consolidating its manufacturing operations onto a single production line to ‘assess future opportunities to secure full plant utilisation’.

The restructuring would lead to approximately 900 job losses across Europe, although the specific impact on the Sunderland facility – which currently employs around 6,000 staff – was not disclosed at that juncture.

Massimiliano Messina, chairperson Nissan, commented: “This is an important step forward for our operations. We are looking forward to working with Chery International UK in the coming months to finalise a position that is optimal for both companies.”

Nissan has confirmed that the present agreement remains non-binding and that ‘discussions are ongoing between the two companies, with no further details to be made public at this stage.’

Unite national officer Steve Bush said: “This is very good news for Nissan’s Sunderland workers and the UK’s automotive industry in general at a time of uncertainly for the sector. Chinese vehicles are increasingly visible on British roads so it makes sense for UK workers to build them here as well.”

“To ensure the UK auto sector’s future remains a positive one, Unite is working with industry and government on reforming the ZEV mandate. Without this, car production volumes will be kept artificially low.”

The announcement comes as Nissan battles tough trading conditions – including competition from Chinese rivals and the switch to electric vehicles – which have prompted a massive restructuring of its global operation, including plant closures and job losses.

Sunderland has escaped much of that upheaval and is seen as one of the manufacturer’s most productive sites. In May, it came to light that about 900 jobs could be cut by Nissan in Europe but manufacturing posts on Wearside were said to be protected by the combining of the plant’s two production lines.

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The company in April this year announced that each of its eligible shareholders will get one share of Vedanta Aluminium Metal (VAML), one share of Talwandi Sabo Power (now renamed to Vedanta Power), one share of Malco Energy (to be renamed to Vedanta Oil and Gas) and one share of Vedanta Iron and Steel, for every share held in Vedanta, marking one of the biggest corporate restructuring in India’s metals and mining space.

Vedanta had set May 1 as the record date for the much-awaited demerger. Since it was a market holiday on account of Maharashtra Day, the shares of the company adjusted to the demerger on April 30, appearing to have crashed more than 63% in one single day.

Also read: At what price will each of the four new Vedanta companies list? Check cost of acquisition

Vedanta’s dividend history

In March this year, Vedanta shares turned ex-record date for an interim dividend of Rs 11 per equity share for FY26, with the dividend payout cumulatively amounting to Rs 4,300 crore. The company has so far declared 49 dividends since July 23, 2001, according to Trendlyne data. At the current share price, Vedanta’s dividend yield stands at more than 10%.Last year, the company announced two interim dividends, Rs 16 in August and Rs 7 in June. 2024 was a bumper year for dividend payouts, as the company announced four dividends cumulatively worth Rs 43.5 per share.

What happens to Vedanta’s dividend payout after mega demerger?

From a dividend perspective, the Vedanta demerger may change the yield for residual Vedanta (which houses Hindustan Zinc, Zinc International and base metal business), said Sunny Agrawal, Head of Fundamental Research at SBI Securities. He explained that the company will likely remain a dividend‑paying entity, but its absolute dividend per share (DPS) can decline structurally as several large cash‑generating businesses have been carved out.

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Also read: What recent large demergers of Tata Motors, ITC and others tell us about possible Vedanta’s listing timeline?
“Post‑demerger, Vedanta’s dividend payout will be driven primarily by Hindustan Zinc’s (60.71% stake) earnings (led by LME Zinc and silver prices), increasing commodity sensitivity. Investors who previously viewed Vedanta as a single, high‑yield proxy will now need to own a basket of the demerged entities to approach similar aggregate yields—where mature Aluminium and Oil & Gas businesses are most likely to offer consistent dividends, while Power and Iron & Steel are expected to prioritise deleveraging and growth before increasing distributions. Over time, improved capital allocation and governance across standalone entities could support healthy group‑level cash returns, but dividends will be more volatile, more cycle‑dependent, and more business‑specific, requiring an active allocation strategy rather than reliance on Vedanta,” the analyst said.
The metals business may sustain higher payouts in case commodity pricing remains supportive and leverage is managed down, according to Harshal Dasani, Business Head at INVasset PMS. He believes that the oil and gas segment could follow a more conservative policy, given the capital intensity and exploration cycle. Power and aluminium will likely reinvest more heavily in the near term, which would weigh on immediate distributions, the analyst said.
“What changes is the dividend story itself. It moves from a single consolidated number to four separate cash flow engines, each with its own balance sheet priorities and growth appetite. Investors who held Vedanta purely for yield will now need to evaluate each entity on its free cash flow generation, debt trajectory, and management’s appetite for distributions versus reinvestment. The sum of the parts may not replicate the headline yield the parent offered, especially in the first year or two post-listing as each business establishes its capital allocation rhythm,” he added.

What dividend-focused investors should do?

Dividend-focused investors should assess whether all four holdings still fit their income requirement or if selective exits make sense once the entities list, Dasani said, adding that the demerger is a portfolio recalibration: what was one holding becomes four, each requiring a fresh risk-reward lens. The aggregate yield will emerge over time, but expecting continuity from day one would be misplaced, he concluded.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

NEW YORK — Oracle Corp. continues to draw investor attention in 2026 as the enterprise software giant capitalizes on surging demand for cloud infrastructure, artificial intelligence solutions and database technologies. Despite broader market volatility, Oracle’s strategic positioning in high-growth areas supports a constructive outlook for the stock.

Here are 10 key reasons investors are considering Oracle shares this year.

1. Explosive Cloud Revenue Growth Oracle Cloud Infrastructure (OCI) has emerged as one of the fastest-growing major cloud platforms. The company reported strong double-digit revenue increases in its cloud segment in recent quarters, driven by hyperscaler partnerships and enterprise migrations to its next-generation cloud services.

2. Leadership in AI and Database Technologies Oracle’s Autonomous Database and AI-powered offerings are gaining significant traction. The integration of generative AI tools across its stack positions the company at the forefront of enterprise AI adoption, helping clients reduce costs while improving performance and security.

3. Strong Financial Performance and Guidance Oracle delivered robust results in fiscal 2026, with total revenue exceeding expectations and consistent earnings beats. The company raised its full-year outlook, citing sustained momentum in cloud and license revenues, which analysts view as a sign of durable growth.

4. Expanding Partnership Ecosystem Strategic alliances with major technology players, including Microsoft, Google and NVIDIA, have expanded Oracle’s reach. These collaborations enhance its cloud offerings and open new revenue streams in AI infrastructure and hybrid cloud deployments.

5. Attractive Valuation Relative to Growth Oracle trades at reasonable forward multiples compared to other large-cap software peers when factoring in its projected earnings growth. The combination of steady cash flow and disciplined capital allocation supports shareholder returns through dividends and buybacks.

6. High Switching Costs and Customer Retention Oracle’s enterprise database dominance creates significant stickiness. Once integrated into mission-critical systems, customers face high costs and risks in switching, providing Oracle with predictable recurring revenue and pricing power.

7. Momentum in Multicloud and Hybrid Strategies Businesses increasingly demand flexible multicloud solutions. Oracle’s interoperability with other major clouds gives it an edge, allowing enterprises to avoid vendor lock-in while leveraging Oracle’s specialized strengths in data management and analytics.

8. Robust Free Cash Flow Generation The company generates substantial free cash flow, enabling continued investment in innovation and shareholder-friendly policies. This financial flexibility provides a buffer during economic uncertainty and supports long-term strategic initiatives.

9. Analyst Optimism and Upward Revisions Wall Street analysts maintain predominantly positive ratings on Oracle, with several raising price targets in 2026. Consensus estimates highlight sustained earnings growth and market share gains in cloud and AI-related services.

10. Long-Term Secular Tailwinds Global digital transformation, data explosion and AI proliferation create structural demand for Oracle’s core competencies. As enterprises modernize IT infrastructure, Oracle is well-placed to benefit from multi-year spending cycles in cloud migration and intelligent applications.

Oracle’s transformation under CEO Safra Catz and Chairman Larry Ellison has shifted the company from a traditional software provider to a comprehensive cloud and AI powerhouse. Recent quarters have shown accelerating momentum, particularly in its higher-margin cloud services, which now represent a growing portion of total revenue.

The company’s focus on cost efficiency while investing heavily in capacity expansion has improved profitability metrics. Gross margins in the cloud business have expanded, reflecting economies of scale and operational improvements.

Geographic diversification also supports resilience. Strong performance in international markets, particularly in Asia and Europe, helps offset any regional slowdowns and provides exposure to emerging digital economies.

Risks remain, including intense competition from AWS, Microsoft Azure and Google Cloud, as well as potential macroeconomic headwinds that could delay enterprise spending. However, Oracle’s differentiated offerings in autonomous databases and industry-specific solutions provide competitive insulation.

Analysts project continued revenue growth in the mid-teens for the foreseeable future, with operating margins expected to expand further as cloud adoption scales. This combination of growth and margin improvement supports higher valuation multiples over time.

For long-term investors, Oracle offers exposure to essential enterprise technology with a proven management team and strong balance sheet. The stock’s dividend yield adds appeal for income-oriented portfolios, while share repurchases demonstrate confidence in future prospects.

As artificial intelligence becomes central to business operations, Oracle’s investments in AI infrastructure and applications position it to capture a meaningful share of this transformative opportunity. The company’s ability to deliver secure, high-performance solutions for regulated industries further strengthens its moat.

Market sentiment has improved as Oracle consistently meets or exceeds expectations. Upcoming earnings reports will be closely watched for continued cloud momentum and guidance updates that could catalyze further investor interest.

Oracle’s strategic evolution demonstrates adaptability in a rapidly changing technology landscape. By focusing on cloud, AI and customer success, the company has built a foundation for sustained value creation.

Investors considering Oracle stock should evaluate their risk tolerance and time horizon, as technology stocks can experience volatility. However, the underlying business fundamentals and market positioning provide compelling reasons for consideration in diversified portfolios for 2026 and beyond.

This article was written by

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CHICAGO — Doughnut lovers across the United States can indulge in free and discounted treats on Friday as National Doughnut Day returns, marking the annual celebration of the sweet fried pastry with promotions at major chains including Krispy Kreme and Dunkin’.

The holiday, observed on the first Friday in June, falls this year on June 5. It honors the Salvation Army’s “Donut Lassies,” the women who provided comfort and doughnuts to American soldiers during World War I, while also serving as a fun occasion for consumers to enjoy specials at participating locations nationwide.

The tradition dates back to 1938, when the Salvation Army in Chicago established the day as a fundraiser during the Great Depression. The Donut Lassies, volunteers who traveled to France in 1917, fried doughnuts for troops near the front lines, often using improvised tools like soldiers’ helmets as fryers. Their efforts boosted morale and helped popularize doughnuts back home when the “doughboys” returned.

“National Doughnut Day is one of our most joyful traditions – a moment to celebrate the doughnuts people love, the guests who inspire us every day and the simple happiness that comes from sharing something sweet,” Alison Holder, chief brand and product officer at Krispy Kreme, said in a news release.

Today, the day blends nostalgia with modern marketing as bakeries and fast-food outlets roll out deals to draw customers. While supplies last and at participating locations, here is a roundup of some of the top offers available on June 5, 2026:

Krispy Kreme is offering customers a free doughnut of their choice with no purchase necessary. The promotion includes classics like Original Glazed but excludes limited-edition and seasonal varieties. Additionally, buyers can get a dozen Original Glazed doughnuts for just $2 when purchasing any other dozen at regular price, available in-store, drive-thru, online or for pickup and delivery with promo code BOGO2.

Dunkin’ continues its long-running tradition, providing a free classic doughnut with the purchase of any beverage for the 16th consecutive year. The deal is available while supplies last at participating locations, in-store or via the app.

“Jill Nelson, chief marketing officer at Dunkin’, stated that the chain is making the day even sweeter for guests with expanded celebrations throughout the week.”

7-Eleven, Speedway and Stripes locations are discounting classic glazed doughnuts to 50 cents each for members of the 7Rewards and Speedy Rewards programs. Shoppers can also find packs of 7-Select mini doughnuts for $1.

Duck Donuts is giving away one free classic doughnut per guest in-store on June 5, with no purchase required and the offer limited to one per person.

Bonchon Korean Fried Chicken customers who spend $15 or more between June 5 and 7 can receive a free Korean doughnut with dipping sauce using promo code DONUTDAY when ordering online or via the app.

Lidl rewards members can redeem a free bakery doughnut through the myLidl app at participating stores on Friday, while supplies last. No purchase is necessary for the single-use offer.

Paris Baguette is providing rewards members with a free sugar mochi doughnut or small twist doughnut with a qualifying purchase on June 5.

Voodoo Doughnut has special perks for the first 100 customers, including a free foldable tote bag with purchase, and all doughnuts will be pink for the holiday. Fan club members can also score a free doughnut, excluding specialties, while supplies last.

Gopuff shoppers can save 20% when buying any two Crave Shoppe products, which include various glazed and specialty doughnut options.

Other chains like Shipley Do-Nuts are also participating with their own promotions, such as free signature glazed doughnuts with purchase using specific codes.

The deals come as Americans continue to embrace comfort foods amid busy schedules. Doughnuts, with their variety of flavors from classic glazed to filled and frosted creations, remain a popular indulgence. Industry experts note that limited-time promotions like these often drive significant foot traffic and boost sales for participating brands.

The Cultural and Economic Impact

National Doughnut Day has grown beyond its charitable origins into a nationwide marketing event. Chains use the day to highlight their products, foster customer loyalty through apps and rewards programs, and generate social media buzz as people share their hauls online.

For smaller independent shops, the holiday provides an opportunity to compete with big names by offering unique local flavors or community events. Some bakeries host donut-eating contests or donate portions of proceeds to causes echoing the Salvation Army’s original mission of service and support.

Consumers are advised to check with specific locations ahead of time, as offers may vary by store, require apps or memberships, and are subject to availability. Lines are expected to form early at popular spots like Krispy Kreme and Dunkin’, especially in urban areas.

Health-conscious diners might opt for moderation, perhaps pairing a treat with a walk or balancing it with healthier choices. Nutritionists remind that while occasional indulgences can fit into a balanced lifestyle, doughnuts are best enjoyed as an occasional delight rather than daily fare due to their high sugar and fat content.

A Sweet Tradition Evolves

The story of the Donut Lassies remains central to the day’s meaning. During World War I, these women worked under challenging conditions, delivering fresh doughnuts to soldiers in trenches. Their resourcefulness — using limited ingredients and makeshift equipment — turned simple fried dough into symbols of home and hope.

When the troops returned, they brought a taste for the treat, helping establish doughnuts as an American staple. The 1938 Chicago event raised funds for the needy while commemorating that service, a dual purpose that still resonates today.

In 2026, the celebration reflects broader trends in the food industry, including a focus on experiential marketing and digital engagement. Many chains encourage customers to post photos with hashtags, amplifying the reach organically.

For families, the day offers a chance for fun outings. Parents can introduce children to the history while enjoying a sweet reward. Schools and community groups sometimes incorporate educational elements about the Lassies’ bravery into activities.

As the sun rises on June 5, doughnut enthusiasts are encouraged to plan their routes efficiently. Combining stops at multiple chains could maximize savings, though patience for lines and respect for staff handling high volumes are key.

Whether grabbing a quick glazed at the drive-thru or savoring a fresh, warm one in-store, the day promises smiles and satisfied cravings. It serves as a lighthearted reminder of simple pleasures and community spirit that traces back more than a century.

With dozens of locations participating, National Doughnut Day 2026 is set to be one of the sweetest Fridays of the year. Doughnut devotees are urged not to miss out on the deals, but to remember the humble origins that made the holiday possible.

The U.S. economy added jobs at a modest pace in May amid uncertainty surrounding the impact of conflict in the Middle East on the labor market.

What are the key findings of the May 2026 jobs report?

The Bureau of Labor Statistics on Friday reported that employers added 172,000 jobs in May. That figure is above the estimates of economists polled by LSEG, who predicted a gain of 85,000 jobs.

The unemployment rate held steady at 4.3%, which was in line with the expectations of LSEG economists.

Construction at Fort St. Vrain Generating Station in Platteville, Colorado, on March 9, 2026. (Chet Strange/Bloomberg via Getty Images)

Revisions were made to the payroll numbers for the prior two months, with March revised up by 29,000 from a gain of 185,000 to a gain of 214,000; while April’s report was revised up by 64,000 from a gain of 115,000 to 179,000.

Taken together, employment in March and April was 93,000 jobs higher than previously reported.

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