Carlos Ghosn’s daring flight from Japan, where he was awaiting trial on charges of financial wrongdoing, has revived global criticism of the nation’s “hostage justice,” but in Japan is prompting talk of reversing more lenient curbs on defendants.
The imposing home where Carlos Ghosn lived for the last seven months and probably launched a daring escape to avoid Japanese prosecutors is nestled in a leafy enclave of Tokyo where most people pay little attention to Westerners or luxury cars.
The imposing home where Carlos Ghosn lived for the last seven months and probably launched a daring escape to avoid Japanese prosecutors is nestled in a leafy enclave of Tokyo where most people pay little attention to Westerners or luxury cars. Ghosn on Tuesday said he had fled to Lebanon to escape a “rigged” justice system in Japan, an astonishing revelation that raises questions about how one of the world’s most-recognised businessmen slipped past authorities, especially after he had surrendered his passports under the terms of his bail. Hana Takeda, who lives in an apartment close to the …read more […]
The imposing home where Carlos Ghosn lived for the last seven months and probably launched a daring escape to avoid Japanese prosecutors is nestled in a leafy enclave of Tokyo where most people pay little attention to Westerners or luxury cars.
China’s central bank said on Wednesday it was cutting the amount of cash that all banks must hold as reserves, releasing around 800 billion yuan ($114.91 billion) in liquidity to shore up the slowing economy. The People’s Bank of China(PBOC) said on its website it will cut banks’ reserve requirement ratio (RRR) by 50 basis points, effective Jan. 6. The PBOC has now cut RRR eight times since early 2018 to free up more funds for banks to lend as economic growth slows to the weakest pace in nearly 30 years. …read more […]
Samsung Electronics partly halted some semiconductor production at its Hwaseong chip complex in South Korea after about a minute-long blackout on Tuesday afternoon, the company said on Wednesday.
(Bloomberg) — Carlos Ghosn’s stunning escape from Japan makes him one of the most famous white-collar fugitives in recent years, joining the likes of Malaysian businessman Jho Low and Indian tycoon Vijay Mallya.The former head of Nissan Motor Co. and Renault SA, who was facing trial for financial crimes, defended his move to Lebanon by saying in a statement he’ll “no longer be held hostage by a rigged Japanese justice system.”It’s unclear how Ghosn escaped as he’s been under house arrest and close surveillance since being granted bail in April following his initial arrest in November 2018. He’s a citizen …read more […]
Americans are likely to pay an average of $2.60 per gallon in 2020, according to fuel-savings app GasBuddy’s annual forecast. …read more […]
It’s a mixed start to the day, with Tron’s TRX bucking the trend early on. The majors will need to make a move by the early afternoon to avoid a sell-off. …read more […]
(Bloomberg) — China’s tech industry enters a new year after weathering unprecedented turbulence in 2019, when giants emerged in social media and artificial intelligence only to bear the brunt of Washington’s campaign to contain the world’s No. 2 economy. There’s little reason to think 2020 will be much different given U.S. efforts to hobble Chinese champions from Huawei Technologies Co. to SenseTime Group Ltd. deemed a threat to national security.American lawmakers went after some of the country’s biggest names last year. Foremost among them were smartphone and networking titan Huawei and ByteDance Inc., the Chinese wunderkind that in the span …read more […]
(Bloomberg) — China’s tech industry enters a new year after weathering unprecedented turbulence in 2019, when giants emerged in social media and artificial intelligence only to bear the brunt of Washington’s campaign to contain the world’s No. 2 economy. There’s little reason to think 2020 will be much different given U.S. efforts to hobble Chinese champions from Huawei Technologies Co. to SenseTime Group Ltd. deemed a threat to national security.American lawmakers went after some of the country’s biggest names last year. Foremost among them were smartphone and networking titan Huawei and ByteDance Inc., the Chinese wunderkind that in the span …read more […]
It’s a bullish start to the day for the Majors. Bitcoin would need to steer clear of $7,235 levels to avoid dragging the pack into the red… …read more […]
The fatal Dec. 29 crash of a Tesla Inc vehicle in Southern California will be investigated by the U.S. government’s auto safety regulator, the agency said on Tuesday.
The U.S. National Highway Traffic Safety Administration (NHTSA) said late on Tuesday it will investigate a fatal Dec. 29 Tesla Inc crash in Los Angeles that killed two people.
The fatal Dec. 29 crash of a Tesla Inc vehicle in Southern California will be investigated by the U.S. government’s auto safety regulator, the agency said on Tuesday. The U.S. National Highway Traffic Safety Administration (NHTSA) said earlier this month it had opened an investigation into a 12th Tesla crash that may be tied to the vehicle’s advanced Autopilot driver assistance system after a Tesla Model 3 rear-ended a parked police car in Connecticut. NHTSA did not say if autopilot was suspected in Sunday’s crash in Gardena in Los Angeles county. …read more […]
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