Renault boss Carlos Ghosn has resigned: French economy minister

The French economy minister, Bruno Le Maire, above, said the board will have a meeting to choose a replacement for Ghosn. (AFP)
Updated 24 January 2019
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Renault boss Carlos Ghosn has resigned: French economy minister

  • French economy minister says a senior director at Renault received Ghosn’s letter of resignation

DAVOS: Renault boss Carlos Ghosn has handed in his resignation, France’s economy minister said Thursday ahead of a board meeting at which the French car maker is to appoint his successor.
A senior director of the firm “received last night the letter of resignation from Carlos Ghosn,” who remains detained in Japan, Bruno Le Maire told AFP.


Alibaba head’s remarks spark debate over China working hours

Updated 32 min ago
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Alibaba head’s remarks spark debate over China working hours

  • Jack Ma is one of China's richest men and his comments last week brought both condemnation and support as China's more mature economy enters a period of slower growth

BEIJING: Remarks by the head of Chinese online business giant Alibaba that young people should work 12-hour days, six days a week if they want financial success have prompted a public debate over work-life balance in the country.
Jack Ma is one of China’s richest men and his comments last week brought both condemnation and support as China’s more mature economy enters a period of slower growth.
Newspaper People’s Daily, the ruling Communist Party’s mouthpiece, issued an editorial, saying mandatory overtime reflects managerial arrogance and was also impractical and unfair to workers. Online complaints included blaming long work hours for a lower birth rate in the country.
Ma has responded to the criticism by saying work should be a joy and also include time for study, reflection and self-improvement.