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The Toyota founder's grandson steps down as chief executive, SAP is the latest tech company to cut jobs, and thousands rally for 'Invasion Day' protests in Australia

by Linda Noakes

World News

People take shelter inside a metro station during massive Russian missile attacks in Kyiv, January 26, 2023. REUTERS/Viacheslav Ratynskyi

Russia launched a rush-hour barrage of missiles towards Ukraine, killing at least one person, the day after Kyiv secured Western pledges of dozens of modern battlefield tanks to try to push back the Russian invasion. Here's what you need to know about the conflict right now.
Thousands of Australians marked the country's national day celebrations with rallies in support of Indigenous people, many of whom describe the anniversary of the day a British fleet sailed into Sydney Harbour as "Invasion Day".
Israeli commandos killed nine Palestinians, including an elderly woman, and wounded 12 others during clashes with gunmen in a flashpoint town in the occupied West Bank, witnesses and medics said.
Spanish authorities said they were investigating what they called a possible "terrorist" incident after a machete-wielding man attacked several people at two churches in the southern port city of Algeciras, killing at least one person.
European Union migration ministers meet today to discuss visa restrictions and better coordination inside the bloc to be able to send more people with no right to asylum in Europe back to their home countries.

U.S. News

A resident visits a memorial for shooting victims at Mac Dutra Park in Half Moon Bay, California, January 25, 2023. REUTERS/Fred Greaves Caption and credit

A 66-year-old immigrant farm worker was formally charged with premeditated murder in the fatal shooting of seven co-workers near San Francisco, the second of two gun rampages in California in recent days in which 18 people were killed.
Meta Platforms said it will reinstate former President Donald Trump's Facebook and Instagram accounts in the coming weeks, following a two-year suspension after the deadly Capitol Hill riot on January 6, 2021.
President Joe Biden will use a speech at a steamfitters union hall today to launch an attack against Republicans who control the House of Representatives, saying that some of their proposals are dangerous for the U.S. economy.
The number of migrants from Cuba, Haiti, Nicaragua and Venezuela caught crossing the U.S.-Mexico border dropped off dramatically from December to January following new rules that expel them back to Mexico, the Department of Homeland Security said.
Authorities at a Virginia school were warned three times that a first grader had a gun before he shot and wounded his teacher, her lawyer said on Wednesday, while the school board voted to oust the superintendent.

Business & Markets

Toyota President Akio Toyoda gestures at an event at Tokyo Auto Salon 2023 in Japan, January 13, 2023. REUTERS/Kim Kyung-Hoon

The chief executive of Toyota will step down as head of the company his grandfather founded, the Japanese automaker said, handing over to the boss of its luxury car unit as it struggles to meet the shift to electric vehicles. Here's a timeline of Akio Toyoda's 14 years at the helm.
Tesla's aggressive price cuts have ignited demand for its electric vehicles, Chief Executive Elon Musk said, playing down concerns that a weak economy would throttle buyers' interest.
IBM announced 3,900 layoffs as part of some asset divestments and missed its annual cash target, dampening cheer around beating revenue expectations in the fourth quarter. SAP said it planned to cut 3,000 jobs, or 2.5% of its global workforce, and explore the sale of its remaining stake in survey-software seller Qualtrics, as the German company looks to cut costs and focus on its cloud business.
Nokia beat quarterly operating profit expectations and forecast higher 2023 sales as the Finnish telecom equipment maker said it had been able to gain market share, benefiting from 5G roll-out in countries such as India.
Diageo, the world's largest spirits maker, signaled that robust demand for its drinks as people made pricey cocktails at home during COVID lockdowns may be slowing in some parts of the world, particularly North America.
Adani Group said it is evaluating "remedial and punitive action" under U.S. and Indian laws against short-seller Hindenburg Research, which in a report accused the conglomerate of improper use of offshore tax havens.

And Finally

Serbia's Novak Djokovic in action during his quarter-final match against Russia's Andrey Rublev at Melbourne Park, Australia, January 25, 2023. REUTERS/Loren Elliott

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