Bloomberg Carlos Ghosn lost an appeal against his ongoing detention, diminishing prospects of an early release on bail for the auto industry icon fighting charges of financial misconduct while he was heading Nissan Motor Co. The Tokyo District Court rejected the petition filed by Ghosn’s defense team, according to a statement from the court shared with the media by the ...

Bloomberg Indonesian President Joko Widodo is on a mission to save billions of dollars lost to Jakarta’s notorious traffic congestion. Widodo, known as Jokowi, held a cabinet meeting and ordered officials to tackle the worsening traffic bottleneck in the Greater Jakarta area that authorities estimate causes about 65 trillion rupiah ($4.6 billion) of annual economic losses. The president also asked ...

Bloomberg HNA Group Co sold a building in Manhattan to help ease the embattled conglomerate’s debts and stave off US concerns about a Chinese company owning property near Trump Tower. HNA completed the sale, the group said in a statement, without providing details. Bisnow reported earlier that investor and real estate developer Jacob Chetrit and his sons bought the tower ...