Carlos Ghosn escape: Turkish jet firm says ex-Nissan boss used planes illegally January 3, 2020 A Turkish private jet firm said today that ex-Nissan boss Carlos Ghosn used two of its planes illegally to escape Japan, where he was awaiting trial for financial misconduct. MNG Jet said it had filed a criminal complaint over the incident, a day after Turkish police detained seven people, including four pilots, as part of [...]
Was Sadiq Khan’s new policy copied and pasted from The Thick of It? January 2, 2020 Sadiq Khan’s first policy announcement of his mayoral campaign appears that it could have been lifted from the cult TV show The Thick of It. The mayor of London today announced that if re-elected in May that all carers of disabled people will get free travel on all Transport for London (TfL) services. Read more: [...]
French union calls for more strikes in response to pension reforms January 1, 2020 French union CGT today called for more strikes after President Emmanuel Macron used his New Year’s address to the nation to promise to push through his planned overhaul of the country’s pension system. Macron said he hoped his government would find a compromise with unions on the reforms soon, but said he would not depart [...]
Carlos Ghosn met Lebanon’s President after fleeing Japan January 1, 2020 Former Nissan chairman Carlos Ghosn met Lebanon’s president after he fled from the Japanese justice system to the middle eastern country, according to sources close to the ex-car executive. Ghosn was apparently warmly welcomed by President Michel Aoun on Monday after being smuggled out of house arrest by a private security company, Reuters reported one [...]
China cuts banks’ reserve ratios to spur economy January 1, 2020 China’s central bank will cut the amount of cash the country’s lenders have to hold as reserves, releasing over $100bn (£75bn) into the economy in the government’s latest bid to shore up slowing economic growth. The People’s Bank of China said it will cut banks’ reserve requirement ratio by 0.5 percentage points, bringing the requirement [...]
Lloyds, Halifax and Bank of Scotland customers locked out of accounts January 1, 2020 Some customers of Lloyds, Halifax and Bank of Scotland were left unable to access their accounts on New Year’s day after Lloyds Bank suffered an outage. The issue left many customers exasperated, coming on New Year’s Day, a public holiday when bank branches are closed. Across its platforms, Lloyds group has around nine million online [...]
Google to end ‘double Irish’ tax scheme January 1, 2020 Google will stop using an intellectual property licensing scheme that let it delay paying US taxes, marking a major change in international tax practices. “We’re now simplifying our corporate structure and will license our IP (intellectual property) from the US, not Bermuda,” a spokesman said in a statement. Read more: France fines Google over anti-competitive [...]
Hong Kong police fire tear gas during mass New Year protest January 1, 2020 Hong Kong began 2020 with yet more clashes between protesters and police, with the latter firing several rounds of tear gas at crowds during a march that drew tens of thousands of people. The semi-autonomous city has been embroiled in protests for more than six months. What were originally demonstrations against an extradition law have [...]
Vimto owner Nichols warns on profit due to sugar tax December 23, 2019 Vimto-maker Nichols has warned that profits will be lower than expected next year after Saudi Arabia and the United Arab Emirates implement a 50 per cent excise sugar tax. The company said the impact of the tax, which will be levied on all drinks containing either natural or artificial sweeteners so product reformulation is not [...]
Regulator’s report stalls new Heathrow runway December 20, 2019 Heathrow’s new runway will be delayed by over a year after a report by the Civil Aviation Authority (CAA) restricted early spending on the expansion. The project is now expected to be completed between 2028 and late 2029, a setback of more than a year. Read more: Boris Johnson raises red flag in election over [...]