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What Carlos Ghosn loses means for his auto league
Mr Ghosn's arrest yesterday may cause a lot of trouble for the three carmers he has overseen, Nissan, Renault and Mitsubishi.
He was accused of underscoring his compensation to Japanese authorities and other corporate crimes. (According to the Nissan Affiliate report, he bought $ 17.8 million worth of properties, according to the Nikkei Asian Review). "Unnecessary to say, this is an act that the company can not tolerate," said Hiroto Saikawa, C.E.O. Nissan, yesterday.
Nissan and Mitsubishi said they would pull it as chairman, and the French government said that Renault is organizing temporary leadership.
But Mr Ghosn was crucial in overseeing the empire – the world's largest automaker, if considered as a single business – and it is not clear that anyone else could keep it with each other.
Stephen Wilmot of Heard on the Street explains what could happen instead:
The risk for investors in its lack is that Renault, Nissan and Mitsubishi are going back to being small but mar-market carmakers just like unprecedented technological change make a scale more necessary than ever.
More: This arrest is a warning to C.E.O.s everywhere, says the editorial board of the FT.
Andrew Ross Sorkin was written in today's Dealg Briefing in New York, and Michael J. de la Merced and Jamie Condliffe in London.
Tech shares leading the slump stock market
Nasdaq dropped by 3 per cent yesterday, led by Apple and semiconductor manufacturers. Facebook, Amazon and Netflix all end in the territory on the market, down at least 20 percent of their summits in September.
NY Phillips Matt Phillips sends home numbers: "Apple was worth more than $ 1 billion in the beginning of November. Now, it's worth $ 880 billion."
Tech investors have enough to be difficult about them. Apple iPhone sales are in question; Facebook has refined again in more scandal; and chip makers seem to be about to crash. Trade tensions do not help, either.
But the size of these companies do their best to everyone's problem, as Mr Phillips aims:
Much of the technology companies give them an external influence on the market – in both directions. The excitement in technology on Monday pushed large stock market indexes into a negative territory for November, leaving investors coping to earn less than 1 per cent for the year.
British companies support Theresa May's Brexit agreement
Although the British prime minister's political allies do not want his plan to leave the E.U, she may have business and country support. He received a warm reception yesterday in the British Industry System, a trading group, by corporate leaders who were is released by some certainty and is repeated by the danger of being illegal with Brexit.
Benjamin Mueller and the NYT spoke to the audience:
"He put a bar on board, which is the first time in two and a half years that has been true," said Craig Beaumont, director of external affairs and advocacy for the Federation of Small Businesses, who was in the audience. "Business accepts that it is in a difficult situation but appreciates the progress that it has made."
Some corporate leaders have doubts: Several best funders, including the investor Guy Hands, have publicly supported "people's vote" to reconsider leaving the E.U.
But Mrs.'s plan can May offer more certainty or other possible outcome if it fails: and Brexit led by Jeremy Corbyn, leader of the opposition Party. The head of the business confederation said there was no time to renegotiate.
More Brexit news: There seems to be a rebellion against Mrs. May in his Conservative Party has fallen short. France and Spain may call for further British concessions. And emails show that the pro-Brexit campaign's great supporter seeks to work with Steve Bannon in 2015.
E.U. leaders will discuss their future relationship with Britain. Officials are expected to outline today how they intend to discuss talks on issues such as data protection, security and trade once Britain has left.
President Xi Jinping of China will sign up dealing with investments in the Philippines. During a visit to the state with Manila, Mr Xi is expected to agree millions of dollars of infrastructure projects with his peers in Philippines, Rodrigo Duterte.
BuzzFeed's decision for new media troubleshooting? Combinations
Digital publishers like BuzzFeed, Vox Media and Sub-wife for years have looked like the future of journalism – until it has been advertised in full. Founder of BuzzFeed, Jonah Peretti, told the NYT that the best way to put it was to major companies in the sector to consolidate.
Most of the problem is that Facebook and Google dominate digital advertising, reducing the removal of media companies with advertisers. Some of those who start, such as The Athletic and The Information, have turn to subscription models. But Mr Peretti argues that companies who are more advertised as alone can club themselves as a means of having some negotiation power. And he says he has held introductory talks with some competitors.
There are still major barriers, as Ed Lee told the NYT:
It would be difficult to cancel any deal given the number of investors involved and the composite losses that would result in combining a number of new costs that lose money. Staff cuts would be inevitable.
More media news: Traditional media companies are also struggling, as more than 1 million Americans break the last string of a quarter.
The US considers technical export restrictions
A new weapon during American trade wars could include blocking the sale of exotic technologies abroad. The Department of Commerce announced a request for public comments yesterday about "whether there are emerging technologies that are important to the national security of the United States."
The warning lists dozens of technologies, from quantum computing and A.I. to brain-computer interruptions and micro robots, which could be subject to exporting. Companies may need to hold a license to export sensitive technologies to "countries that are subject to a US ban, including those who are subject to a ban on weapons."
It is still noticed how widely the consultations are, but they can affect everything from selling supercomputers to devices that are increasingly generated by A.I like the iPhone.
"If you're thinking about the range of products that this means, that's huge," said David Edelman, project director of Technology, Economy and National Security at the Massachusetts Institute of Technology, at the WaPo. "This either opens big negotiation with the industry and the public, or some grievances for help covering these regulations."
Bitcoin's good, very poor year does not get worse
• Last Thursday, Bitcoin Cash itself, itself was a spin of Bitcoin, which was taken as "far from hard" to become two separate money, after the developers reached agreement. That has raised concerns about weakening cryptocurrencies.
• Regulatory scrutiny, which is a major factor that triggers the constant decline of Bitcoin this year, is still hanging over the industry. Last week, the S.E.C. forced two companies to return money raised by offering initial cash because sales had not really registered.
Doors of rebellion
G.E. deferral John Rice, who retired from the conglomerate last year, as chairman of his gas energy business.
L Brands llogi John Mehas by Tory Burch as C.E.O. for her Victoria & Secret Secret underwear section.
The British bank named TSB Debbie Crosbie, and C.O.O. of competitive CYBG, as its C.E.O.
Goldman Sachs and UBS were the most active porters of bankers of competitors this year, according to Business Insider.
Compass, the startup supported by SoftBank, has hired Kristen Ankerbrandt from the Carlyle Group as its C.F.O.
The speed reads
Dealing with us
• As part of Taylor Swift's record bar with Universal, the label must give any profit from selling its shares in Spotify to its artists. (TheNYT)
• Saudi Aramco has looked at plans to give up to $ 40 billion in bonds to fund the Sabic chemical producer's takeover, making I.P.O. look more skeptical than ever.
• Chinese regulators approved Walt Disney's most of the 21st Century Fox. (NYT)
• David's Bridal, the wedding dress retailer, has filed for bankruptcy protection. (NYT)
• Asian aviation industry could use some consolidation. (Breakingviews)
• Warburg Pincus rises up to $ 4 billion for the China investment fund. (Reuters)
Politics and policy
• Seventeen Democrats signed a public letter opposing the return of Nancy Pelosi as the House speaker. (WaPo)
• Republicans may abolish a costly popular tax cut in mid Wales. (NYT)
• Ivanka Trump used a personal email for White House last year. (WaPo)
• A federal judge has blocked Trump's administration of automatic refusal of refuge to migrants who fly illegally on the border between the United States and Mexico. (AP)
• King Salman from Saudi Arabia supported the support of his son and his son, Crown Prince Mohammed bin Salman, who was accused of playing a role in killing Jamal Khashoggi, the Saudi conflict. (TheNYT)
• The Senate of Democrats assaulting Matt Whitaker from serving as a temporary general attorney. (Politician)
• Farmers who are harmed by the commercial war benefit from a $ 12 billion help program, but it's raised in red tape. (NYT)
• Some potential beneficiaries of that trade war: Malaysia, Japan, Pakistan and other Asian countries. (Bloomberg)
• Nvidia must walk a fine line when he supplies A.I. chips to the USA and China. (WSJ)
• How the Trump administration trade representative Bob Lighthizer prepares for a battle in the Group of 20 next meetings in Buenos Aires. (FT)
• American companies do not want to give China the best. (CNBC)
• What happens to the cities that will not have a big new Amazon office? (Upshot)
• Uber goes back to Germany, and this time he's playing pretty. (Also: Look inside self-driving car tests & company before taking part in a fatal accident.)
• Facebook profits are shrinking, but not only because it spends money on privacy and security. (TheBloomberg)
• Under the board, the Snap board finds the long-term Evan Spiegel focus – and short-term shortcomings – a source of frustration. (Information)
• Read some of the plots that Defineers, the company P.R. Facebook fired last week, sent to technical blogs. (TechCrunch)
Best of the rest
• How the prey lending industry hurts small businesses, and making some government officials very rich. (Bloomberg)
• Small European countries are better in attracting talent than USA (Bloomberg)
• Why equal parents and maternity and fatherly payments equally benefit from families and employers. (Also: Goldman Sachs has left a 15-year-old veteran while she was on maternity leave.)
• The opioid industry is trying to fight the New York state effort to pay for the reliance crisis. (WSJ)
• The bond market makes less sense. (Bloomberg)
• Danske Bank whistleblower says a large European bank has treated $ 150 billion of suspected charges related to a money laundering scandal. (Reuters)
• Static desks could be overstated. (TheUpshot)
Thanks for reading! We'll see tomorrow.
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