Former Head of Nissan Motor Co. Carlos Ghosn said he had fled Japan to save himself from "political persecution," accusing Japanese prosecutors and top executives of Nissan of conspiring against him. Ghosn spoke at a press conference in Beirut on Wednesday, calling himself a victim of the unfair Japanese system. "I did not run from justice. I ran from injustice and political persecution," he...

In the fourth quarter, American Tesla Inc increased deliveries to dealers to 112 thousand electric vehicles compared with 97 thousand in the previous three months and 104.891 thousand for the same period in 2018. In the fourth quarter, American Tesla Inc increased deliveries to dealers to 112 thousand electric vehicles compared with 97 thousand in the previous three months and 104.891 thousand...

Japan Display Inc is discussing sale of its main smartphones display factory to Apple Inc and Sharp Corp for 70-80 billion yen ($ 730-820 million), according to Nikkei Asian Review.Japan Display Inc is discussing sale of its main smartphones display factory to Apple Inc and Sharp Corp for 70-80 billion yen ($ 730-820 million), according to Nikkei Asian Review. This month, the cash-strapped...

American oil producers faced a problem in the main American oil and gas field, the Permian basin. Local oil production is falling down, and the amount of associated gas is growing. Already now, companies have to either pay to get rid of it, or simply burn it. The main US shale field, the Permian Basin, is producing increasingly more gas, while oil production, on the contrary, is falling. This is...

Adam Neumann, the founder of WeWork’s coworking network, left the company in the fall, receiving a “severance pay” of almost $ 1.7 billion. This amount could be even bigger if the start-up experiencing serious problems was still allowed to hold an IPO. Wealth of Adam Neumann, WeWork’s founder who left the startup, can grow by hundreds of millions of dollars if the company conducts an IPO, writes...

US authorities have launched an investigation into BMW due to company reporting. The financial market regulator found the sales information suspicious as BMW is overtaking its main competitor, Mercedes-Benz. The U.S. Securities and Exchange Commission (SEC) has launched an investigation into BMW over the company’s reporting. BMW’s spokesman told the newspaper that the US authorities contacted the...

The Saudi Arabian Port Authority has transferred 30 years of concession rights to manage and develop the South Container Terminal in the Islamic Port of Jeddah to one of the world's largest port operators, DP World, the company said. Under the agreement, DP World will invest up to $ 500 million in modernization of the Islamic port of Jeddah, including development of infrastructure that will allow...

The US Securities and Exchange Commission is investigating Slack’s listing, writes The Wall Street Journal. The regulator was also interested in information about initial public offerings of other companies. The US Securities and Exchange Commission (SEC) is studying the listing of Slack, owner of the eponymous corporate messenger, as well as placements of other large companies on the New York...

The Church of England decided to find out if its investment fund can hold shares in major technology companies. The doubts are caused by fears that artificial intelligence undermines "the very idea of God". The Church of England will examine compatibility of investments in major technology companies with the Christian faith. A verification of this issue over the next 12 months will be undertaken...