TOKYO (AFP) – Mr Hiroto Saikawa, tipped to replace disgraced Carlos Ghosn as Nissan chairman, was long considered one of “Ghosn’s children”, a loyalist to the powerful tycoon who owed him everything – but then oversaw his downfall. The mild-mannered 65-year-old bespectacled Nissan lifer stunned observers when he unleashed a string of harsh charges against […]
TOKYO (BLOOMBERG) – Nissan Motor Co’s board is set to meet on Thursday (Nov 22) in Japan without a consensus on whether to dismiss Mr Carlos Ghosn, the chairman whose surprise arrest over allegations of financial misconduct has left the Renault-Nissan alliance in a bind over his future. Board members in Japan are divided over whether […]
TOKYO (Reuters) – Japan’s core consumer prices rose 1.0 percent in October from a year earlier, steady from the previous month in a sign the economy lacks the momentum needed to accelerate inflation to the central bank’s elusive 2 percent target. With the gain due mostly to higher energy costs, the Bank of Japan may […]
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Wedding celebrations are supposed to be happy events but in northern India, a shocking number end tragically, thanks to a surprisingly tenacious tradition of celebratory gunfire. Take the wedding party in a small village called Raipur Bhood in the northern state of Uttar Pradesh last weekend. The photographer, employed to immortalise the special day, was […]
SYDNEY (BLOOMBERG) – Opposition leader Bill Shorten has announced plans to turbo-charge Australia’s response to climate change, seeking to fill a policy vacuum left by the government in a bet that Australians’ love of the natural environment will win him votes in an election next year. Shorten, in a speech at a BloombergNEF event in […]
KUALA LUMPUR (AFP) – A Fifa Ethics Committee judge was arrested on suspicion of corruption in his native Malaysia and has resigned as director of an arbitration service, his lawyer and reports said on Wednesday (Nov 21). Sundra Rajoo was detained late on Tuesday by anti-graft investigators after flying in from Zurich, where Fifa has […]
SINGAPORE – Singapore Airlines (SIA) has been named Airline of the Year for 2019 by airline safety and product rating review website AirlineRatings.com. The national air carrier jumped two places from its 2018 ranking, beating five-time winner Air New Zealand, which dropped to second place, and Qantas, which fell to No. 3. SIA’s first class suites […]
TOKYO (Reuters) – The Japanese government is threatening to cut existing solar power project subsidies angering the power producers and investors that say the cuts will undermine their profitability and violate earlier agreements. The Ministry of Economy, Trade and Industry (METI) last month proposed that companies granted permits for solar projects between the fiscal years […]
MANILA (XINHUA) – China and the Philippines issued a joint statement on Wednesday (Nov 21), stipulating cooperation on Belt and Road construction and agreeing to discuss maritime cooperation, during President Xi Jinping’s state visit to the country. Mr Xi and Philippines President Rodrigo Duterte held a bilateral meeting wherein they charted the course for the […]