Nissan Chairman Carlos Ghosn Arrested
Nissan Chairman Carlos Ghosn has been arrested. His fate is now in hands of Japanese prosecutors and the directors of three of the world's leading car companies.
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It was a stunning turn for one of the biggest names in the global auto industry who is credited with turning around the businesses at both Nissan and Renault. Shares in the companies plunged on the news.
Facebook Faces Tough Questioning Again
As disinformation becomes a major issue on social media, Facebook faced tough questions from legislators from nine countries as part of an international hearing on disinformation in London.
But a committee of members of the UK parliament stopped short of releasing documents Facebook has been trying to keep confidential,
South Koreans Paying Heavy Price Of Overwork
South Koreans are working themselves to death. They work the longest hours among all but one of the OECD countries – almost 50 percent more than famously hard-working Germany.
Soo-hong worked at a food supplier specializing in jangjorim, a popular Korean side dish of beef cooked in soy sauce. His primary duty was to make sure quality and production are high.
Business Students Keen To Change World
You might think young M.B.A. students and graduates would primarily want to land high-paying jobs. However, a growing number of students seem keener to learn how to change the world through business.
Among those who are at the vanguard of this initiative are students at Columbia Business School in New York. They founded Microlumbia, an impact investment fund, which measures its success by the yardstick of social benefit, not just financial return,
US Steps Up Pressure On China Over Trade Espionage
The Trump administration is doubling down on efforts to target China over economic espionage, announcing a new initiative to curb trade theft and charges involving alleged crimes against an Idaho semiconductor company.
The Department of Justice disclosed an indictment Thursday alleging that a government-backed Chinese firm, a Taiwanese company, and three Taiwanese individuals engaged in conspiracy to steal trade secrets from Micron, which makes memory chips,
Are You A Type A? Think Again
For decades, we have heard of the personality types A and B. You may have described someone as a “Type A” personality – an ambitious, competitive, and impatient person striving for success. Perhaps you would describe yourself as such.
But new research suggests the categorization of Type A and Type B personalities might be misleading.
IMF Warns Of Tough Times For World Economy
The study, the International Monetary Fund's Financial Stability Report, says that although banks are more secure than they were in 2008, when a financial crisis broke out, new risks have cropped up,
Trade frictions are growing, the IMF says, and inequality has grown.
Apple CEO Proud Of Decision To Come Out
Apple CEO Tim Cook became the first CEO of a major company four years ago to come out as gay. He says he's happy about his decision and about his being gay.
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Cook came out on October 30, 2014. His sexual orientation had been widely speculated upon but he hadn’t confirmed it openly.
US-China Trade War: US Under 'No Presssure' To Strike Deal
The comments come in the wake of reports the two sides could resume talks to avoid a third round of US tariffs,
China welcomed the prospect of talks, according to reports.
The US has launched a trade war against China that could see all of its exports to the US subject to duties.
Elon Musk Reverses Plan To Take Tesla Private
Tesla chief executive Elon Musk says he will no longer be taking the electric car maker private, just two weeks after saying he was considering a deal.
The plan was cancelled after a board meeting on Thursday, he wrote in a post published on the company's site.
Greece Completes Difficult 3-Year Bailout Program
Greece has successfully completed a three-year eurozone emergency loan program worth €61.9 billion (£55 billion; $70.8 billion) to tackle its debt crisis.
It was part of the biggest bailout in global financial history, totalling some €289 billion, which will take the country decades to repay.
Deeply unpopular cuts to public spending, a condition of the bailout, are set to continue, report
Global Economy Set Back
This week has been sobering from the point of view of global economy, with a rift at the G7 Summit and the Trump administration's slapping of tariff on Chinese imports.
The Trump administration confirmed Friday that it would move forward with tariffs on $50 billion of Chinese exports. Beijing called that a declaration of a trade war, and promised immediate retaliation.
EU Tariffs On US Products From Friday
European Union tariffs on products from the United States will go into effect on Friday.
The European Commission announced Wednesday that it had approved initial retaliatory tariffs on US exports worth €2.8 billion ($3.2 billion), report the
The tariffs will hit American products including motorcycles, orange juice, bourbon, peanut butter, motor boats, cigarettes and denim. They are a response to the Trump administration's tariffs on steel and aluminum exports from Europe.
US-China Trade Row Escalates
US President Donald Trump has threatened to impose tariffs on an additional $200 billion of Chinese goods in a growing trade row.
26refuses to change its practices
The threats would be a major escalation of the dispute and sparked further falls on stock markets.
Trade War: US Allies Plan To Retaliate
America's biggest allies and trade partners are promising to fight back against US tariffs that threaten to spark a global trade war.
The European Union, Canada and Mexico said Thursday that they will respond to new US tariffs on steel and aluminum with punitive measures targeting American products worth billions of dollars, report the