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Bloomberg Nissan Motor Co is set to be fined 2.4 billion yen ($22 million) for underreporting former chairman Carlos Ghosn’s compensation, Japan’s securities regulators said. The Securities and Exchange Surveillance Commission made the recommendation just over one year after Ghosn’s arrest, which shocked the auto industry and triggered turmoil at the Japanese automaker and its alliance partner, Renault SA. Ghosn, ...

Dubai / WAM The 12th Arab Strategy Forum (ASF 2019), held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Monday outlined a comprehensive list of the greatest challenges and opportunities facing the region and the world over the next decade in the run-up ...

Dubai / WAM The UAE jumped 23 ranks in the United Nations Development Programme (UNDP), 2019 Gender Inequality Index (GII), ranking first in the Arab world and 26th globally. In a series of tweets, HH Sheikha Manal bint Mohammed bin Rashid Al Maktoum, President of the UAE Gender Balance Council, highlighted the announcement, adding, “I am proud of this accomplishment ...

ABU DHABI / WAM The Abu Dhabi Accountability Authority (ADAA), on Monday announced the launch of a digital ‘Violation Reporting Platform’ that will enable the reporting of suspicious financial and administrative violations across government entities. According to a statement by the Authority, the newly launched digital platform will enhance Abu Dhabi’s competitiveness and further establish investor confidence in its business ...

The UAE is continuing to promote its inspiring model of tolerance, coexistence and openness to others, after leading globally through its unprecedented initiative launched this year that made it the “Capital of Tolerance.” The UAE has proven the importance of the key role of its soft power in reinforcing human fraternity principles and encouraging moderate speech discourse, through supporting all ...

Bloomberg Car sales in China continued to decline in November, extending a historic slump and all but ensuring a second straight annual drop for the world’s biggest auto market. Sales of sedans, sport utility vehicles, minivans and multipurpose vehicles fell 4.2% from a year earlier to 1.97 million units, the China Passenger Car Association (PCA) said, citing preliminary figures. The ...

Bloomberg Singapore, home to some of the planet’s most affluent people, shouldn’t have to worry about going hungry — except when you factor in the threat of climate change. The city state ranks top of the Global Food Security Index, a gauge of more than 100 countries developed by the Economist Intelligence Unit and supported by Corteva Agriscience. But when ...

Bloomberg India’s fight against deadly air pollution may come with an unintended consequence: increased emissions of greenhouse gases. Government-mandated pollution control devices for coal-fired power plants, which reduce deadly sulfur-dioxide pollution, could also boost carbon dioxide emissions at individual plants, according to a report by the US Environmental Protection Agency. That may impede India’s ability to meet international commitments to ...

Bloomberg US officials flooded Europe last week, and by the time they had departed, their efforts to persuade their allies to cut back in using Huawei Technologies Co equipment appeared to finally be gaining traction. Europe has been caught between two major world powers, China and the US, over the question of whether to include Huawei in the roll-out of ...

Bloomberg Berlin’s effort to protect tenants from steep rent increases has antagonised other participants in the property industry. Three convoys of construction lorries, along with landlord representatives, converged on Berlin’s Brandenburg Gate to protest against a plan to freeze rents in the city for five years. Around 1,500 people registered to take part in the event involving an estimated 240 ...