UK retailers have urged the government to help out Britain's high streets after revealing 85,000 jobs were cut in the sector over the past year.
Employment in retail dropped 2.8 per cent in the most recent quarter compared to the same period last year. Elsewhere, Twitter's shares plunged 17 per cent after quarterly profits came in way below expectations.
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They said in a statement that they filed papers in Tokyo District Court alleging prosecutorial misconduct that would prevent Ghosn from having a fair trial.
The filings say the case results from unlawful collusion between prosecutors, government officials and Nissan executives to drum up allegations.
The papers Ghosn's lawyers filed in Tokyo District Court last week allege collusion between the prosecutors, government officials and executives at Nissan Motor Co. to drum up criminal allegations in order to remove him as chairman.
They wanted to prevent Ghosn from further integrating Nissan with its French alliance partner Renault SA, according to the lawyers' statement released Thursday.
"To execute this scheme, the prosecutors illegally ceded their investigative powers to certain Nissan employees and consultants, and together with Nissan, unlawfully trampled Mr. Ghosn's legal rights in Japan and around the world," it said.
The Competition and Markets Authority is considering whether the move would result in "a substantial lessening of competition" in the UK energy market.
Ovo will more than double its customer base with the acquisition, catapulting the independent supplier into the UK's "Big Six".
The CMA is calling for evidence on the deal to be submitted by 6 November.
The plane was grounded worldwide in March 2019 after two fatal crashes that claimed 346 victims.
An anti-stall system called MCAS was blamed for both tragedies.
The company has been working to find a solution that will satisfy regulators around the world.
In its third-quarter results, Boeing reported profits of $895m (£695m) on revenue of $20bn (£15.5bn) – less than half the earnings compared with a year earlier.
Boeing predicts 737 Max will fly again by the end of 2019
Planemaker blamed for Indonesian crash that killed 189When Fabian Bolin started feeling unusually tired in the summer of 2015, he initially put it down to his crazy schedule.
It had been 18 months since he left his career in investment banking to start afresh in acting. He had not taken a single day off in that time, instead racking up credits in Made In Chelsea and an online science fiction show called Kosmos. His exhaustion came at the same time as a summer visit to his hometown of Stockholm, so he powered through until the trip, ignoring the fact that he was sweating uncontrollably and feeling sore.
The leukaemia survivor building a storytelling network for people affected by cancer
The IndependentFabian Bolin co-founded War On Cancer after documenting his own treatment for leukaemia. He speaks to Hazel Sheffield about his mission to radically improve the mental health of everyone affected by the diseaseIt’s like the cast of a new “Ocean’s Eleven” film: a London investment banking couple who called each other “Pops” and “Popsy”, a Greek owner of a chain of Manhattan restaurants, a poker-playing securities trader in Monaco, a Goldman Sachs vice-president and the son of a pharmaceuticals company board member.
They’re all accused of participating in a “wide-ranging international insider trading ring”. US prosecutors unveiled the charges in the past week, piggy-backing on similar actions taken in France and the UK in recent years. Taken together, it’s a dramatic assault on a network of bankers and traders operating on both sides of the Atlantic who allegedly reaped tens of millions of dollars in illicit profits.
And yet more is likely to come. It’s unclear from the US complaints who, if anyone, is the mastermind behind the scheme. One trader in Switzerland, who hasn’t been charged, appears in multiple indictments, but isn’t identified.
While the profits were allegedly big and the scheme expansive, the basics were relatively simple.
Investment bankers got information about pending mergers and acquisitions at work, according to the US Justice Department and the Securities and Exchange Commission (SEC). They then sold the information to middlemen, who passed it on to traders. The bankers were repaid with cash, expensive holidays, luxury watches and other benefits, according to court filings.
Poker player, Goldman banker and London couple linked to insider trading ring
US prosecutors accuse six people of participating in hugely lucrative insider trading following similar charges in UK and FranceA national strike is planned for Italy tomorrow. Public servants and private sector employees are angry about low pay, pension provisions and poor working conditions.
The effect on travel will be highly significant. These are the key issues.
Everything you need to know about Italy strike
Alitalia cancels more than 200 flights, including links with the UK; all your questions answeredA scientist who nearly 40 years ago invented pioneering technology to test blood sugar levels has been awarded £2m in compensation by the UK’s highest court.
Professor Ian Shanks, 71, developed a new system for measuring the concentration of glucose in blood and other liquids while working for a subsidiary of multinational giant Unilever in Bedfordshire in the 1980s.
Using plastic film and glass slides from his daughter’s toy microscope kit and bulldog clips to hold it together, in 1982 Prof Shanks built the first prototype of what is now known as the electrochemical capillary fill device (ECFD).
His ECFD technology eventually appeared in most glucose testing products, many of which are used by diabetics to monitor their condition.
Prof Shanks first applied for compensation in 2006 and lost every step of the way in his 13-year legal battle.
Scientist awarded £2m compensation decades after he invented diabetes test
Professor Shanks built his first prototype in 1982, using plastic film and glass slides from his daughter's toy microscope kit and bulldog clips to hold it togetherTravel giant Expedia is profiting from the suffering of hundreds of captive dolphins forced to entertain holidaymakers, a report has claimed.
The popular website sells tickets to “demeaning” shows that exploit about 500 dolphins at 32 venues, the group World Animal Protection (WAP) said.
It claims that millions of animal lovers every year buy tickets, believing dolphin experiences are cruelty-free, educational and good for conservation efforts, “but this could not be further from the truth”.
The report, Behind the Smile, the most comprehensive assessment of captive dolphins to date, says that globally:
- There are 336 dolphin entertainment venues in 54 countries that keep at least 3,029 of the animals
- Venues featuring captive dolphins annually generate up to $5.5bn (£4.3bn)
- Nearly two-thirds of captive dolphins are kept by just five countries: China, Japan, the USA, Mexico and Russia
Expedia ‘profiting from suffering of 500 captive dolphins in holiday resorts’
Travel giant condemned for selling tickets in ‘sinister’ industry that ‘makes animal lovers think experiences are cruelty-free’The majority taxpayer-owned bank posted an £8m loss in the three months to September compared with a £961m profit in the same quarter last year.
RBS also blamed its worse-than-expected performance on a “particularly challenging” quarter for its investment banking division.
Brexit is taking its toll, RBS said, as it revealed it had set aside another £55m to cover the cost of political and economic uncertainty.
The results mark a blip on RBS' long and painful road to recovery. Last year, the lender delivered its first full-year profits since from a £45bn taxpayer bailout in 2008
RBS slumps to loss after setting aside extra £900m for PPI compensation
The IndependentTaxpayer-backed bank falls back into the red, with Brexit costs adding to PPI problemsPlans for millions of 50p coins to commemorate Brexit day have been thrown into doubt after MPs derailed Boris Johnson's chances of fast-tracking his deal through parliament by Halloween.
Sajid Javid, the chancellor, announced plans for new coins to mark Brexit earlier this year – shortly before Mr Johnson won the Conservative leadership contest – following enthusiastic calls from Conservative MPs.
But with the prime minister’s Brexit timetable in doubt, and the UK awaiting a verdict from the EU on the length of a third extension, the Treasury refused to confirm whether production had begun on the first tranche of coins.
The confusion came after it emerged that three million of the coins were to be imprinted with the Brexit date of 31 October and ready to spend by the end of the month.
Millions of commemorative 50p coins now in doubt as Brexit delay looms
Chancellor had pledged a tranche of new 50p pieces to mark the UK's anticipated departure from the EU on 31 October
Election 2020: The peculiar phenomenon of political merchandise
The IndependentThe Maga hat is a controversial symbol of right-wing thinking around the world. Holly Baxter considers how clothing is being used to win electionsJoining the meeting of the 25-member governing council as an observer will be Draghi's designated successor, former International Monetary Fund head Christine Lagarde, who takes office 1 November after being chosen for the post by eurozone governments.
The defining moment of Draghi's eight years in office was his statement on 12 July, 2012 that the ECB would "do whatever it takes to preserve the euro, and believe me, it will be enough." That vow, backed up by a promise to buy unlimited amounts of government bonds if needed to lower excessive borrowing costs, has been widely credited with calming financial market pressure on indebted governments such as Italy and thereby rescuing the currency union from the brink of disaster.
Yet Thursday's news conference may focus on more current issues. In his last days in office, Draghi has faced unprecedented pushback from among the bank's own officials against the latest stimulus moves announced 12 September. The bank cut the rate on overnight deposits from banks to minus 0.5% from minus 0.4%, announced 20 billion euros ($22 billion) per month in bond purchases starting Nov. 1 and lasting indefinitely, and said rates will stay at current lows until things have definitely taken a turn for the better.
Emmanuel Macron has nominated the longtime CEO of outsourcing company Atos to be France's new EU commissioner.
The president's office said on Thursday morning that Thierry Breton would be France's new pick, after his first choice was rejected by MEPs.
A former finance minister under Jacques Chirac, Mr Breton went on to run Atos from 2009 onwards. If confirmed by the European Parliament he would be in charge of the EU's single market.
Atos, which holds billions in UK government contracts, has a controversial reputation in Britain.
The firm became the subject of protests while it ran disability benefits assessments for the DWP: a contract it quit early in 2014 after more than 600,000 appeals were lodged against its decisions. Four in 10 of Atos assessors' original decision were overturned, costing taxpayers £60m a year.
