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Renault-Nissan Chief to chair Mitsubishi

  Bloomberg Nissan Motor Co. and Renault SA Chairman Carlos Ghosn is set to add that title at Mitsubishi Motors Corp., according to people with knowledge of the matter, putting him on track to become the first executive to head three different automakers at the same time. Nissan is acquiring a 34 percent stake in Mitsubishi Motors, which sought a ...

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UNESCO urges B’desh to scrap Sundarbans plant

  AFP The United Nations has urged Bangladesh to halt construction of a huge coal-fired power plant near the Sundarbans, warning of a serious threat to the delicate ecosystem of the world’s largest mangrove forest. The UN’s culture and science agency UNESCO said there was a high chance pollution from the plant would “irreversibly damage” the Sundarbans, which straddles the ...

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Liberty House to bid for Oz Arrium assests

  Bloomberg Liberty House Group is among bidders to have submitted an offer for the steel and iron ore assets of Australia’s Arrium Ltd., according to people with knowledge of the process. The London-based steelmaker and metals trader made a non-binding proposal, the people said, requesting anonymity as the details are private. Liberty House faces competition, including from private equity ...

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