Nissan Board Fires Jailed Chairman Ghosn

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Once-admired auto executive Carlos Ghosn's fall from grace deepened Thursday when directors of Nissan Motor Co. voted unanimously to fire the recently jailed businessman from his post as board chairman. Dismissed along with Ghosn was another director, Greg Kelly, whom the board accused of working…


Canada Unveils Investment Tax Break

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Canada will allow businesses to write off additional capital investments to make them more competitive at a time when the United States is aggressively cutting taxes, Finance Minister Bill Morneau said Wednesday.  But Morneau, speaking as he unveiled a budget update that forecast a slightly smaller than predicted deficit…


Nissan Chairman Faces Arrest in Japan

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Japanese automaker Nissan says it has determined that its chairman, Carlos Ghosn, falsified reports about his compensation "over many years." The company said its internal investigation also found Ghosn had used company assets for personal purposes. Japanese media are reporting Monday that Ghosn is being…


Ukraine PM Upbeat on IMF Loan Prospects

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Ukrainian Prime Minister Volodymyr Groysman expects to get new loans from the International Monetary Fund as early as December, once parliament passes a budget of stability that refrains from making pre-election populist moves, he said Thursday. Securing IMF assistance will also unlock loans from the World Bank and the European Union. Groysman also…


May’s Brexit ‘Moment of Truth’

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Britain’s Theresa May scrambled Wednesday to sell to her Cabinet a draft Brexit divorce agreement British negotiators concluded after months of wrangling with their European Union counterparts. But the 500-page draft remains a source of deep dispute within Britain’s ruling Conservative party and also in…


Amazon Splits 2nd HQ Between NYC, DC Suburb

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Amazon says it will split its long-awaited second headquarters between New York City and and Crystal City, part of Arlington, Virginia, as well as open a new facility in Nashville, Tennessee. “These two locations will allow us to attract world-class talent that will help us…


Gin Up, South Africa: Gin Craze Going Big

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A recent proliferation of craft gins and new distilleries has taken over South Africa’s bar scene. But this is not your average gin, distillers say: South African gin is infused with unique local flavors -- like fynbos, rooibos, marula, sceletium and other distinctive South African…