Japan court opts to detain Nissan’s Ghosn through Dec. 20

Passersby are silhouetted as a huge street monitor broadcasts news reporting ousted Nissan Motor chairman Carlos Ghosn's indictment and re-arrest in Tokyo, Japan December 10, 2018. (Reuters)
Updated 11 December 2018
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Japan court opts to detain Nissan’s Ghosn through Dec. 20

  • The extended detention is for additional allegations prosecutors issued Monday against Ghosn and Kelly, of underreporting another $36 million in 2016-2018
  • The arrest of an industry icon admired both in Japan and around the world stunned many and has raised concerns over the Japanese automaker and the future of its alliance with Renault SA of France

TOKYO: A Tokyo court has decided Nissan Motor Co.’s former chairman Carlos Ghosn and another executive, both arrested Nov. 19, will remain in custody through Dec. 20.
The Tokyo District Court decision on Tuesday comes a day after Ghosn, Greg Kelly and Nissan Motor were indicted for allegedly falsifying financial reports to underreport Ghosn’s pay by about 5 billion yen ($44 million) in 2011-2015.
The extended detention is for additional allegations prosecutors issued Monday against Ghosn and Kelly, of underreporting another 4 billion yen ($36 million) in 2016-2018.
The arrest of an industry icon admired both in Japan and around the world stunned many and has raised concerns over the Japanese automaker and the future of its alliance with Renault SA of France.


Theresa May survives UK parliament vote of no confidence in her government

Updated 16 January 2019
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Theresa May survives UK parliament vote of no confidence in her government

  • Had the government lost, Britain would have faced an election within weeks
  • The House of Commons expressed confidence in the government by 325 votes to 306

LONDON: British Prime Minister Theresa May's government has survived a no-confidence vote called after May's Brexit deal was overwhelmingly rejected by lawmakers.
The House of Commons expressed confidence in the government by 325 votes to 306, meaning May can remain in office.
Had the government lost, Britain would have faced an election within weeks while preparing to leave the European Union on March 29.
Despite the reprieve, May faces a monumental struggle to find a way out of her country's Brexit impasse. She has until Monday to come up with a new blueprint for Britain's EU exit after the deal she reached with the EU went down to a crushing defeat in Parliament on Tuesday.