Sony Group (6758.T) and Honda Motor (7267.T) have opted to explore new opportunities through their 50-50 joint venture, following the cancellation of the Afeela 1 electric vehicle, according to a report from the Nikkei newspaper on Friday.

ByteDance has signed binding agreements to create a new joint venture that will take control of TikTok’s U.S. operations, a major step toward avoiding a nationwide ban and ending years of political and legal uncertainty around the popular app.

The creation of a joint venture by Baoshan Iron & Steel (Baosteel), Baowu Aluminum and Kobelco has been approved by the European Commission under the EU Merger Regulation recently, News.Az reports.

By Faiq Mahmudov

The State Oil Company of Azerbaijan (SOCAR) and Russia's PJSC Tatneft are in talks to establish a joint venture for lubricant production, as announced by Rufat Mahmud, General Director of SOCAR RUS, a SOCAR subsidiary. Mahmud highlighted that both parties have already signed two roadmaps: one focused on trading oil products and the other on potential joint ventures in oil refining. The proposed lubricant production facility could be located in Azerbaijan or in third countries, but definitely not in Russia, as Mr. Mahmud clarified. "We have much to learn from each other and many joint initiatives in the works," he noted. "This includes the digitalization of production processes and sharing expertise in petrochemical production. Additionally, we're exploring opportunities for joint market expansion." News.Az reached out to experts for insights on the potential benefits of establishing a joint venture for lubricant production.

India and Russia are working on a contract for the supply of nuclear fuel and key components for two new power units of the Kudankulam Nuclear Power Plant ( NPP ), and are also considering the possibility of creating a joint venture (JV) for the production of NF, News.az reports citing Times of India.