2018.12.16

News Headlines - 16 December 2018

Renault Urges Nissan to Call for Shareholder Meeting Following Nissan Indictment - WSJ

Renault SA is pressing Nissan Motor Co. to open a discussion into the balance of power atop the Japanese auto maker after prosecutors charged its former chairman, Carlos Ghosn, and the Japanese firm with financial misconduct.
Thierry Bolloré, deputy CEO of Renault, which owns 43.4% of Nissan, sent a letter dated Dec. 14 to Nissan CEO Hiroto Saikawa urging him to call a shareholder meeting “as promptly as practicable” that would allow a discussion of Renault’s representation on Nissan’s nine-member board and within the ranks of its top managers.

Jaguar Land Rover set to cut thousands of jobs in new year | Financial Times

Jaguar Land Rover will announce plans to cut thousands of jobs early in the new year, as part of a £2.5bn turnround plan to revive the fortunes of Britain’s largest carmaker.
JLR, which employs 40,000 people in the UK, has been stung by sliding demand for diesel, poor sales in China and costs of preparing for Britain’s departure from the EU.
In October, after posting a loss of £90m for the three months to September, it outlined plans to find savings of £2.5bn, including £1bn of cost reductions within 18 months, without specifying how many jobs would be lost.

New £50 bank note 'must recognise ethnic minorities' - BBC News

Comedian Sanjeev Bhaskar and presenter Sandi Toksvig are among those calling for a historic figure from a black and ethnic minority background (BAME) to feature on the new £50 note.
The Bank of England last month asked the public to nominate a British scientist to feature on the note.
Campaigners say the chosen figure should recognise "the contribution of ethnic minorities" to British culture.

Kingdom Hearts 3 leaks, director pleads for community not to share spoilers - Polygon

More than a month before it is due to launch, several copies of Kingdom Hearts 3 have made it into the wild, with screenshots and videos of the game leaking into social media. Kingdom Hearts 3 director Tetsuya Nomura responded via Twitter last night, acknowledging the breach and asking the community not to share any videos or images, and to warn one another of spoilers... The material was first shared through a since-deleted Facebook Marketplace listing. That was quickly picked up by YouTubers, intended as a warning to others.

Money falls from sky onto busy Hong Kong street - The Straits Times

The man is believed to be the owner of Epoch Cryptocurrency, a Facebook page that promotes cryptocurrency. The man is widely known online as "Coin Young Master" and his real name is Wong Ching-kit, reported SCMP... However, Agence France-Presse (AFP) later reported that he was arrested on Sunday for causing disorder in a public place, after he drove back to the neighbourhood in his Lamborghini.


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