Japan court extends Ghosn detention until April 14

TOKYO. Former Nissan boss Carlos Ghosn will remain in custody until at least April 14, a Japanese court ruled on Friday, as prosecutors quiz him over fresh allegations of financial misconduct. The Tokyo District Court said in a statement it had accepted a request from prosecutors to detain the 65-year-old auto tycoon for a further […]

UAE home to over 67 fintech start-ups in Middle East

DUBAI: The UAE tops the list of countries in the Middle East with the highest number of financial technology (fintech) start-ups to date, reveals Bloomberg Intelligence in its latest report. The UAE with 67, was followed by Turkey at 44 and Jordan and Lebanon at 30 each. Overall, the number of fintech start-ups in the […]

Eurozone ministers fret over cool-down in economy

BUCHAREST: Eurozone finance ministers said darkening clouds in Germany and Italy posed a danger to the European economy as France pushed for a common budget to buck the tide. The Eurozone economy is struggling, with export powerhouse Germany suffering from the slowdown in China and rising protectionism sparked by the United States. Italy meanwhile has […]

ECB will ask Deutsche Bank to raise fresh funds for merger

FRANKFURT. The European Central Bank will ask Deutsche Bank to raise fresh funds before it gives the go-ahead for a merger with a state-backed rival, a person with direct knowledge of the matter said. The official said that Deutsche would be required to have the buffer, which has yet to be calculated, to cope should […]