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Matt Gaetz says he won't return to Congress next year after withdrawing name for attorney general WASHINGTON (AP) — Matt Gaetz is not coming back to Congress. The Florida Republican said Friday he has no intention of serving another term in the House now that he is no longer President-elect Donald Trump's nominee for attorney general. Gaetz withdrew as the nominee this week amid growing fallout from the allegations of sexual conduct against him. Gaetz denies the allegations. Gaetz didn't lay out his plans now that he's out of office, saying only, “I’m still going to be in the fight, but it’s going to be from a new perch." After Gaetz's withdrawal on Thursday, Trump named former Florida attorney general Pam Bondi to lead the Justice Department. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get any of our free email newsletters — news headlines, obituaries, sports, and more.Japanese automakers Honda and Nissan are discussing a possible merger, in a bid to share costs and help themselves compete in a fast-changing and increasingly competitive industry. But a merger, even of two companies from the same country, is no guarantee of success, and the history of automotive deals is littered with failures and disappointments. ET Year-end Special Reads Top 10 equity mutual funds of the year. Do you have any? How India flexed its global power muscles in 2024 2024 was the year India became the talk of America Combining two large, global manufacturing operations is an incredibly difficult feat that involves reconciling different technologies, models and approaches to doing business. A merger's success rests on getting ambitious managers and engineers who have spent decades competing with each other to cooperate. Teams and projects have to be scrapped or changed, and executives must cede power to others. In some cases, the merging firms are hamstrung by elected leaders who force them to keep operating money-losing plants. Thomas Stallkamp, an automotive consultant based in Michigan, was involved in the struggles of one of the biggest auto mergers: the 1998 merger of Chrysler and German company Daimler. Stallkamp spent years in senior roles at Chrysler and DaimlerChrysler. "Car companies are big, complicated organisations, with large engineering staffs, manufacturing plants all over the world, hundreds of thousands of employees, in a capital-intensive business," Stallkamp said. "You try to put two of them together and you run into a lot of egos and infighting, so it's very, very difficult to make it work." Honda and Nissan announced plans this year to work together on electric vehicles, and on Monday, they formally began talks about extending that cooperation to a merger that could also include Mitsubishi Motors, a smaller manufacturer that works closely with Nissan. A pairing would unite Japan's second- and third-biggest automakers, after Toyota, and create a company that would be the third largest in the world by number of cars produced, after Toyota and Volkswagen. 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Chief among those problems is that sales have plummeted in China, the world's largest auto market. Chinese car buyers are moving much more quickly to electric and plug-in hybrid cars and trucks than most industry experts had expected. Honda and Nissan offer few such models, which now account for more than half of all cars sold in China. Companies that are doing the best in the shift away from gasoline cars are domestic manufacturers such as BYD and SAIC, as well as Tesla. A merger could help Honda and Nissan develop electric cars faster and at lower cost - in theory. But other companies have struggled to achieve such gains in practice, often because the priorities of companies working together often shift and diverge. Ford Motor and Volkswagen teamed up a few years ago to work on EVs and autonomous driving technology. But the companies shut down their self-driving car business and reaped few benefits from collaborating on EVs. Honda had a partnership with General Motors, and currently sells two electric SUVs - the Honda Prologue and Acura ZDX - that are manufactured by GM. But the companies have decided not to extend the partnership beyond those models, and GM is now exploring ways to work with Hyundai. Still, analysts said a merger of Honda and Nissan had the potential to help both companies. In the United States, the two companies have similar product lines focused on small- and medium-size cars and SUVs such as Nissan's Sentra, Altima and Rogue and Honda's Civic, Accord and CRV. (You can now subscribe to our Economic Times WhatsApp channel )
Murray – Britain’s greatest ever player – retired after this summer’s Olympics at the age of 37 after finally admitting defeat in his battle against his body. Many in the game expected the Scot would one day return to tennis and become a coach, particularly due to his love of the sport, hard work and his tactical acumen. But it came with some degree of shock on Saturday afternoon when a social media post from Djokovic, playing on Murray’s light-hearted tweet upon his departure, read: “He never liked retirement anyway”. The attached video announced Murray, who he lost to in two Slam finals but beat in four Australian showpieces, would coach him over the winter and through January’s Open in Melbourne. “We played each other since we were boys, 25 years of pushing each other to our limits. We had some of the most epic battles in in our sport. They called us gamechangers, risk-takers, history-makers,” Djokovic said. “I thought our story may be over. Turns out it has one final chapter. It’s time for one of my toughest opponents to step into my corner. Welcome aboard, coach Andy Murray.” Murray, who beat Djokovic to win the US Open in 2012 and Wimbledon in 2013, says he wants to help the 24-time grand slam champion achieve his goals. “I’m going to be joining Novak’s team in the off-season, helping him to prepare for the Australian Open, he said. “I’m really excited for it and looking forward to spending time on the same side of the net as Novak for a change, helping him to achieve his goals.” Djokovic, a week younger than his new coach, added: “I am excited to have one of my greatest rivals on the same side of the net, as my coach. “Looking forward to the start of the season and competing in Australia alongside Andy with whom I have shared many exceptional moments on the Australian soil.” Djokovic beat Murray in the 2011, 2013, 2015 and 2016 Australian Open finals as well as the French Open final in 2016. It was after he unseated Djokovic at the top of the rankings in 2016 that Murray suffered the hip injury which ultimately derailed his career. Since his retirement, Murray has been playing golf with the same dedication he pursued his tennis but will now return to his natural habitat. Djokovic, who split with coach Goran Ivanisevic earlier this year, hopes that adding Murray to his team will help him get back to the top of the game after he went through a calendar year without winning a grand slam for the first time since 2017. Jannik Sinner and Carlos Alcaraz have developed a stranglehold at the top of the men’s game and Djokovic, who has seen Murray, Roger Federer and Rafael Nadal all retire in recent years, is still hoping to move clear of the record 24 grand slams he shares with Margaret Court.Video game ends ‘collaboration’ with Conor McGregorI’m A Celebrity viewers react as new ‘fantastic’ celebrities join ITV show