Ghosn: A tycoon full of surprises

Tokyo: Former auto tycoon Carlos Ghosn, once-revered boss of three huge car companies, has masterminded an exit from Japan as stunning as his arrest that shocked the world more than a year ago. The 65-year-old’s journey from one of the world’s best-known CEOs to a Japanese detention cell on financial misconduct charges was one of […]

Vivendi sells minority stake in Universal

Paris: French media conglomerate Vivendi agreed to sell 10 per cent of its Universal Music Group arm — home to artists such as Taylor Swift and Lady Gaga — to a consortium led by Tencent, in a deal valuing the whole of UMG at €30 billion (Dh123 billion or $34 billion). Vivendi added that the […]

China’s Liu He to sign Phase 1 trade deal in US

Washington: Chinese Vice Premier Liu He will visit Washington this week to sign a “Phase 1” trade deal with the United States, the South China Morning Post reported on Monday. “Washington has sent an invitation and Beijing has accepted it,” the SCMP quoted a source as saying. Representatives for the Office of the U.S. Trade […]