Ghosn crisis shows how Japan Inc “scapegoats” foreigners

As Japanese gear up for the changing of the guard at Tokyo’s Imperial Palace, another palace coup is grabbing headlines globally and forcing Japan Inc. to look in the mirror. The upheaval in question is at Nissan Motor headquarters in Yokohama, where Carlos Ghosn was arrested Monday in dramatic fashion. The driving force behind the triple alliance […]

Lebanese foreign ministry: will stand by Carlos Ghosn

Lebanon’s foreign ministry said on Tuesday it would stand by Nissan and Renault boss Carlos Ghosn, who is of Lebanese descent and holds Lebanese citizenship, a day after his arrest in Japan on financial misconduct allegations. Ghosn, one of the best-known leaders in the car industry, was arrested after Nissan Motor Co said he had […]

Renault defies partners and French government decides to keep Ghosn as its Chairman

Renault defied its partner firm, Nissan, and the French government on Tuesday night as its board decided to retain Carlos Ghosn as its chairman and chief executive in spite of his shock arrest by Japanese prosecutors. Renault’s board promoted Thierry Bolloré to deputy chief executive to head the company, but said the appointment was only […]

Trump defends Saudi denials in Khashoggi murder, says relationship most important

By MARIAM KHAN In an extraordinary statement, President Trump on Tuesday defended Saudi Arabia in the face of mounting pressure over the murder of Washington Post columnist Jamal Khashoggi. He then doubled down on his statement to reporters Tuesday afternoon as he left the White House to travel to Florida for the Thanksgiving holiday. “It’s […]

Argentina arrests two men with suspected links to Hezbollah

Argentine citizens with suspected links to the Lebanese armed group arrested in Buenos Aires ahead of the G20 summit. Two citizens from Argentina with suspected links to Lebanon’s Hezbollah were arrested on Thursday, leading up to the G20 summit due to take place in Buenos Aires at the end of the month, Argentina’s security ministry […]

Yemen peace prospects rise as government, Houthis closer to talks

Yemen’s government to take part in planned UN talks after Houthis say they will freeze attacks on Saudi-led coalition. Yemen‘s internationally-recognised government has announced it will take part in proposed peace talks in Sweden, hours after a senior Houthi leader said the rebels will halt drone and missile attacks on Saudi Arabia, United Arab Emirates and […]

Trump extends best wishes for Lebanon for Independence Day

BEIRUT: U.S President Donald Trump extended his country’s best wishes for Lebanon in the lead up to its 75th Independence Day, according to statements issued by both Prime Minister-designate Saad Hariri and President Michel Aoun. Trump praised Lebanon for “the progress achieved by your government” and the “successful parliamentary elections.” “Lebanon has been a strong partner with […]

Why the Carlos Ghosn scandal matters

He was the driving force behind one of the leading powers in the auto industry, an alliance of three separate companies that employs over 470,000 people, operates 122 plants and sold 10.6 million vehicles in 2017. And now Carlos Ghosn is in deep trouble. The auto industry was rocked Monday when Nissan said that an […]

Nissan, Renault, Mitsubishi Motors Chairman Carlos Ghosn arrested in Tokyo

Carlos Ghosn, The Lebanese-French-Brazilian businessman, who has served as the chairman and CEO of France-based Renault, chairman and CEO of Japan-based Nissan, and chairman of Mitsubishi Motors   was arrested  in Tokyo upon arrival at the airport on November and  is expected to be fired    as Nissan  Chairman , reportedly over financial misconduct . He was one of the […]

Netanyahu says calling Israeli snap polls now would be ‘irresponsible’

Israeli prime minister Benjamin Netanyahu said Sunday calling snap elections now would be “irresponsible” as he vowed to push on despite a coalition crisis. Speaking in an impassioned televised address to the nation, Mr Netanyahu also said he would retain the defence ministry portfolio at least for now and work to convince his coalition partners […]