Nissan’s board ousted Chairman Carlos Ghosn on Thursday following the auto industry star’s arrest in Japan over financial misconduct allegations, ushering in a period of uncertainty for its 19-year alliance with Renault.
Nissan’s board voted unanimously to oust Chairman Carlos Ghosn over allegations of financial misconduct, after French partner Renault backed away from a last-minute demand to postpone the decision on their alliance leader’s fate.
Chinese e-commerce sites have removed Dolce & Gabbana products amid a spiralling backlash against an advertising campaign that was decried as racist by celebrities and on social media.
Europe’s share markets fell back into the red on Thursday, as investor worries about slowing global growth in the face of rising U.S. interest rates and trade tensions outweighed crucial Brexit progress.
In sacking his long-time mentor Carlos Ghosn as chairman of Nissan Motor Co Ltd , CEO Hiroto Saikawa has only bolstered his reputation for being a tough leader unafraid to antagonize people in the interests of business.
France has told Japan that now is not the time to contemplate changes in the power balance inside the Renault-Nissan alliance, an official in President Emmanuel Macron’s office said on Thursday.
Visa Inc and Mastercard have offered to reduce the fees merchants pay when accepting card payments from tourists in an attempt to settle a long-running EU antitrust investigation and stave off possible hefty fines, people familiar with the matter said on Thursday.
A race by aerospace giants Rolls-Royce and Airbus to stockpile parts before Brexit is pushing some small suppliers to breaking point.
France sees room for discussions about the future of the Renault-Nissan alliance but does not think now is the time to reopen talks about the power balance between the two carmakers, a French presidency official said on Thursday.
Europe’s share markets drooped back into the red on Thursday, as investor worries about slowing global growth in the face of rising U.S. interest rates and trade tensions outweighed crucial Brexit progress.
Nissan Motor Co’s board voted unanimously to oust Chairman Carlos Ghosn on Thursday after the shock arrest of the industry heavyweight, ushering in a period of uncertainty for its 19-year alliance with Renault .
When Ceferino Angulo heard screams and gunshots one night last year close to his dairy farm on the western plains of Venezuela, he tried to call the police, but there was no phone signal.
Japanese prosecutors have confirmed that Nissan’s arrested chairman, Carlos Ghosn, is being held in the spartan Tokyo Detention Center, its many rules and restrictions making for a stark contrast with his comfortable, globe-trotting lifestyle.
Chinese e-commerce sites have removed Dolce & Gabbana products amid a spiralling backlash following a series of ads that were condemned as “racist” by celebrities and on social media.
Nissan’s board ousted Chairman Carlos Ghosn on Thursday after the shock arrest of the industry heavyweight, Japanese broadcaster NHK reported without citing sources, ushering in a period of uncertainty for its 19-year alliance with Renault.
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