Business

Report: Ghosn sues Nissan and Mitsubishi for breach of contract

By The Frontier Post | July 19, 2019

Monitoring Desk PARIS: Former auto titan Carlos Ghosn, currently under house arrest in Tokyo, is suing Nissan and Mitsubishi in a Dutch court for “improper termination” of his contract, French newspaper Le Figaro reported Ghosn is accusing the Japanese manufacturers of breaching his contract as an employee of NMBV, their joint subsidiary based in the…

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No-deal could cause £30b economic hit

By The Frontier Post | July 19, 2019

Monitoring Desk LONDON: The UK could be dragged into a recession if it implements a no-deal Brexit, with the economy shrinking by 2% and taking a £30 billion hit, an independent forecasting body warned on Thursday. The Office for Budget Responsibility (OBR) said growing uncertainty over the Brexit negotiations and a lack of confidence in…

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SK cuts interest rate as Japan trade row simmers

By The Frontier Post | July 19, 2019

Monitoring Desk SEOUL: South Korea’s central bank on Thursday cut its key interest rate for the first time in three years as the economy struggles with sluggish global growth and with the country is embroiled in a trade spat with Japan. The Bank of Korea (BOK) lowered its key rate to 1.5 percent from 1.75…

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