Airbus shares fall after report of US joining corruption probe

Paris: Shares in Europe’s Airbus fell on Thursday after Le Monde newspaper reported the United States had opened an investigation into allegations of corruption, raising the stakes of probes already underway in Britain and France. The French newspaper said Airbus could face record fines of several billion euros as a result of the overall case, […]

Banks in UK warned over failure to take diversity seriously

London: Senior managers in financial services could lose their jobs if they fail to tackle bullying, homophobia and other unacceptable conduct in the workplace, Britain’ Financial Conduct Authority said on Wednesday. Under FCA rules, people must be deemed “fit and proper” to work in the finance industry in Britain, but this requirement also encompasses a […]

Nissan meets to replace former chairman Carlos Ghosn

Tokyo: Update: Nissan board members meeting Monday failed to agree a replacement for former chairman Carlos Ghosn, under arrest on allegations of financial misconduct, the firm said Monday. “The committee will continue its discussions,” the Japanese automaker said in a statement after the meeting of its board in Tokyo. Earlier report The board of automaker Nissan […]

Nissan hints at reviewing its cross holdings with Renault

Paris, Tokyo: Nissan Motor Co. has updated its corporate governance code, a month after the arrest and indictment of former Chairman Carlos Ghosn brought differences with partner Renault SA out in the open after a two-decade partnership. As part of the new code, the Japanese automaker revised the cross-shareholding policy. Renault is the largest shareholder […]

Saudi Arabia wants to sell $32 billion of bonds in 2019

Saudi Arabia intends to issue around 120 billion riyals ($32 billion or Dh117.5 billion) of bonds next year to help finance its deficit, with plans to tap international markets in the first half, Finance Minister Mohammed Al Jadaan said. The kingdom is considering international bonds in dollars and other currencies, Al Jadaan told Bloomberg TV […]

Tokyo court rejects prosecutor appeal on Ghosn’s detention

A Tokyo court rejected an appeal from prosecutors who had sought to extend Carlos Ghosn’s jail detention, bolstering the chances for the former Nissan Motor Co. chairman to receive bail and to fight allegations of under-reporting of his income. The court earlier ruled to dismiss keeping Ghosn in custody for a further 10 days as […]

India’s govt likely to renew demand for extra dividend from central bank: sources

NEW DELHI: India’s government will likely renew its demand for Rs131.40 billion (Dh6.91 billion, $1.9 billion) in additional dividend from the central bank helmed by newly-appointed governor Shaktikanta Das, two sources in the government told Reuters. The government believes the amount has been pending since 2016-17, when the Reserve Bank of India used an internal […]

LISTEN: A recap of the top stories of 2018

In our last episode of the year, we discuss the biggest, most bizarre, most surprising stories of 2018. Oh, what a year this has been! From the chaos of Brexit to the plain silly of Elon Musk’s tweets, we nominate our picks for the year’s silliest, biggest, top non-business, least surprising, most surprising stories, and […]