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Bloomberg In the uproar over Carlos Ghosn’s alleged financial improprieties, the former chairman of Nissan Motor Co. has received most of the heat. Now, the scrutiny has expanded to the role of the Japanese automaker and its chief executive officer: Hiroto Saikawa. Tokyo prosecutors on December 10 indicted Nissan, as well as Ghosn, for allegedly misleading investors and the government ...

Bloomberg Takeda Pharmaceutical Co.’s credit rating was cut by Moody’s Investors Service, which cited the drugmakers’ ballooning debt level following its $62 billion acquisition of Shire Plc. Moody’s cut Takeda’s credit rating three notches to Baa2 from A2, according to a statement. That’s still investment grade, and Moody’s said the outlook is stable based on expectations that Takeda will reduce ...

Bloomberg Greenhouse gas emissions from power plants, cars and other uses of energy in the US are on the rise again after several years of declines, according to new government data that defies the Trump administration’s argument for rolling back regulations to fight pollution. Energy-related carbon dioxide emissions — a category that includes electric power generation and transportation fuel use ...

Bloomberg US factory production was unchanged in November and the prior month’s reading was revised to a decline from a gain, a sign the industry may be taking a breather while still growing at a pace that supports economic growth. Factory output was unchanged after a 0.1 percent decrease that was revised from a 0.3 percent gain, Federal Reserve data ...

Bloomberg Revolut, the London-based financial technology startup, has obtained a European banking license as Brexit looms, with plans to launch checking and savings accounts as well as retail and business lending. The Bank of Lithuania, the eastern European country’s central bank, granted Revolut the regulatory approval that gives it permission to operate throughout European Union. While London has been a ...

Bloomberg Protests against Hungarian Prime Minister Viktor Orban’s regime grew as an initial call to repeal a law on overtime work widened into a demand for a return to liberal democracy, including independent courts and free public media. The demonstration was the biggest of four in five days and highlighted the backlash against Orban’s centralisation of power. The 55-year old ...

Abu Dhabi / WAM Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and with the attendance of H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, the 1st Arab Digital Economy Conference began on Sunday ...

Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec), successfully completed Cold Hydrostatic Testing (CHT), at Unit 3 of the Barakah Nuclear Energy Plant in Abu Dhabi. The testing, which is a crucial step towards the completion of Unit 3 of the 4-unit Barakah plant, incorporated the lessons learned from Units 1 and 2 and represents a significant milestone in ...

DUBAI / WAM The Dubai Investment Development Agency (Dubai FDI), the investment development agency of Dubai Economy (DED), held a meeting with major industries and key investors at the Circulo Ecuestre in Barcelona, Spain in collaboration with Senda International Company. The meeting, which aimed to further boost Dubai’s strong investment and trade relations with Spain, formed part of Dubai FDI’s ...

Dubai / Emirates Business Dubai Tourism alongside its public and private sector partners welcomed cruise ship Horizon into Dubai, marking the debut of Pullmantur Cruise Lines in the region. To commemorate the occasion, a traditional ‘Plaques and Keys Exchange’ ceremony was hosted on board in the presence of the President and CEO of Pullmantur Cruises and the ship’s captain, as ...