2018.12.10

News Headlines - 10 December 2018

Theresa May calls off MPs' vote on her Brexit deal - BBC News

Prime Minister Theresa May has called off Tuesday's crucial vote on her Brexit deal so she can go back to Brussels and ask for changes to it.
As it stands the deal "would be rejected by a significant margin" if MPs voted on it, she admitted... But European Council President Donald Tusk said the remaining 27 EU countries would not "renegotiate" the deal.

Carlos Ghosn and Nissan have been indicted in Japan - CNN

Carlos Ghosn and Nissan, the Japanese automaker he saved from collapse, were indicted Monday on allegations of financial misconduct, deepening a crisis that already brought down one of the global car industry's most iconic figures.
Tokyo prosecutors said they indicted Ghosn and Nissan for under-reporting his income over a five-year period and are investigating allegations that the practice went on for even longer.

Japan effectively bans China’s Huawei and ZTE from government contracts, joining U.S. - The Washington Post

Japan’s government issued instructions Monday effectively banning China’s Huawei and ZTE from official contracts, while the country’s top three telecom operators plan to follow suit, Japanese media reported Monday.
The news is another setback for Huawei after its chief financial officer was controversially arrested in Canada at the behest of the U.S. government for allegedly trying to evade U.S. sanctions on Iran.

All nine private-sector executives of Japan Investment Corp. to resign over pay dispute | The Japan Times

Masaaki Tanaka, the president and CEO of a state-backed investment fund, said Monday he and eight other executives will resign following a dispute with the industry ministry over their remuneration, which the government called “too high.”

Japan's July-Sept GDP downgraded to 2.5% annualized contraction - Nikkei Asian Review

Japan's economy shrank at an annual rate of 2.5 percent in the July-September quarter, downgraded to the sharpest contraction in more than four years as a string of natural disasters weighed on capital expenditure, government data showed Monday.


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