Business

Carlos Ghosn’s lawyers hit back at Nissan fraud claims

[ad_1] Image copyright Getty Images Lawyers acting for ousted Nissan boss Carlos Ghosn have hit back after the car giant accused him of misusing the firm's money for events abroad.Nissan said its joint venture with Renault spent €3.9m (£3.3m) on Mr Ghosn's personal expenses.The events included a party at the Palace of Versailles and trips to Rio de Janeiro carnivals.But Mr Ghosn's defence team said Nissan never interviewed him or
Business

Mukesh Ambani: Asia’s richest man in $13bn ruling boost

[ad_1] Image copyright Getty Images Asia's richest man has scored two major wins in his ambition to dominate the Indian telecoms market.The main competitors to Mukesh Ambani's Reliance Jio have been told they must pay the bulk of almost $13bn (£10bn) to the government in historical fees.The country's top court rejected calls from older firms, including Vodafone Idea, to review the case.Meanwhile, Reliance Jio has overtaken Vodafone Idea to become
Business

China’s economic growth hits three-decade low

[ad_1] Image copyright Getty Images China's economy grew last year at the slowest pace in almost three decades.Official figures show that the world's second largest economy expanded by 6.1% in 2019 from the year before - the worst figure in 29 years.The country has faced weak domestic demand and the impact of the bitter trade war with the US.The government has been rolling out measures over the past two years
Business

How the dog biscuit became a million dollar idea

[ad_1] Dog biscuits: they're the treat every owner carries in their pocket to get their pet to come to heel. They were the brainchild of an American electrician. Little did he know it, but his invention would spark a multi-billion dollar, worldwide industry. Aaron Heslehurst explains.Script and video: Jeremy Howell [ad_2] Source link
Business

Collector pays UK-record £1m for rare coin

[ad_1] Media playback is unsupported on your device Media captionThis is what a million pound coin looks like An Edward VIII sovereign has become the first UK coin to be bought for £1m, the BBC can reveal.The new owner, a private collector, described the chance to buy it and bring it back from the US as a "once in a lifetime opportunity".The coin is one of a trial set of
Business

Flybe: Viable business or destined to fail?

[ad_1] Image copyright Getty Images A year after being rescued by two of the world's most successful airlines, Flybe's future is again in doubt.Some have blamed fundamental problems with the business model, others bad management, competitive pressures, unfair taxes, or the vagaries of the oil and currency markets. In truth, it's a combination of all these, and more. The firm's boss Mark Anderson has told staff that the firm still
Business

Does your company nurture neurodiverse talent?

[ad_1] Image caption Universal Music HQ, London How do you make your workplace more welcoming to neurodiverse employees, and ensure their talent is nurtured? David Joseph takes off his shoes, crosses his legs and tucks himself into an armchair. For the CEO of one of the biggest record labels in the UK - Universal Music UK - he's unassuming. Our interview is supposed to last 10 minutes, but nearly an
Business

Flybe boss says government loan is not a bailout

[ad_1] The boss of Flybe has confirmed the airline is in talks with the government over a loan, but says the financial support would not constitute a bailout.Mark Anderson told Flybe staff the firm had had a few "difficult days" this week but it still had "a great future".He said the company's turnaround plan had started to work and that with more time it would be making a big profit.Rival
Business

Flybe: Ryanair’s Michael O’Leary threatens legal action over rescue

[ad_1] Image copyright EPA The boss of Ryanair has threatened legal action over the government help given to regional carrier Flybe.Michael O'Leary has written a strongly-worded letter to the Chancellor, Sajid Javid, saying the government's rescue of Flybe contravenes competition rules.He argues measures that are being put in place to help Flybe should be extended to other airlines. If they are not, Ryanair intends to launch legal proceedings against the