Hearings begin in Carlos Ghosn's $1 billion lawsuit against Nissan

Sep 20 (The National) - Judicial hearings on the $1 billion lawsuit that Carlos Ghosn has filed against Nissan, the auto company he used to head, have begun, with lawyers from both sides meeting the judge charged with overseeing the case in Beirut.

The session lasted for about four hours at the Justice Palace in the Lebanese capital, with lawyers meeting with a judge from the Beirut prosecutor’s office, AP reported.

It is unclear when the next session will be held.

A lawyer for Mr Ghosn did not respond to a request for comment.

Mr Ghosn launched legal action earlier this year against Nissan and 12 individuals.

The lawsuit, seen by The National, seeks $588 million in lost salary and another $500 million in moral damage.

It accuses the defendants of, among other things, defamation, violating the sanctity of his residence and fabricating charges that led to his detention in Japan. ...continue reading

Source: ANNnewsCH

Record 7,000 Teachers in Japan on Leave Due to Mental Health

The number of teachers taking mental health leave reached a record high of 7,119 in the 2023 fiscal year at public schools across Japan.

Japan Reports 60% Rise in Non-Consensual Intercourse Cases

Japan's Ministry of Justice has released this year’s crime white paper, revealing that the number of recognized penal code offenses increased for the second consecutive year.

Giant Dragon Removed from Osaka Ramen Shop

The operating company of 'Kinryu Ramen' in the bustling district of Minami, Osaka, announced on Thursday that the iconic giant dragon sign was being removed as part of the process to rebuild the aging store.

Flying Cars Set to Begin Passenger Operations by 2028

Osaka Metro and SkyDrive have announced plans to launch passenger operations of “flying cars” in the Morinomiya area of Osaka City by 2028.

First Snow Observed from Kanto to Kyushu as Winter Chill Sets In

A cold wave bringing midwinter-like temperatures swept across regions from Kanto to Kyushu starting on Wednesday night, resulting in the first snowfall observed in areas such as central Tokyo and Kumamoto.

MEDIA CHANNELS

MORE Business NEWS

Foxconn in Talks With Renault Over Nissan Stake Acquisition

Taiwanese electronics giant Foxconn is reportedly in talks with Renault, the French automotive major and a key shareholder of Nissan, to acquire a stake in the Japanese automaker. Taiwanese media reported the negotiations, highlighting a potential shakeup in Nissan's stakeholder structure.

Sony Acquires Majority Stake in Kadokawa, Investing 50 Billion Yen

Sony announced plans to acquire a significant stake in publishing giant Kadokawa, investing approximately 50 billion yen to become its largest shareholder.

Amazon Joins Japan’s Growing Hometown Tax Donation Program

E-commerce giant Amazon is entering Japan’s hometown tax donation program, known as 'Furusato Nozei,' which has seen continued growth in donation amounts.

Impacts of Yen Depreciation on Travel Agencies

JTB’s President Eijiro Yamakita addressed the challenges facing the travel industry due to the weak yen during a panel discussion. While outbound travel has only recovered to about 60% of pre-pandemic levels, Yamakita emphasized the importance of fostering "engagement" to drive recovery.

Japanese Automakers Set to Merge

Two of Japan’s leading automakers, Honda and Nissan, are reportedly advancing discussions on a management integration. The backdrop to this significant development appears to involve growing competition from China.

Honda CEO Does Not Rule Out Possibility of Merger With Nissan

Honda CEO Toshihiro Mibe has stated that while "nothing has been decided" regarding a merger with Nissan Motor, he did not rule out the possibility.

SoftBank's Son Meets with Trump, Pledges $100 Billion

SoftBank Group Chairman and CEO Masayoshi Son has announced a $100 billion investment in the United States, equivalent to approximately 15 trillion yen, following a meeting with U.S. President-elect Donald Trump at Trump’s Florida residence on December 16. The investment is expected to create 100,000 jobs over the next four years.

Denny's to Raise Rice Prices

Denny's has announced that it will raise the price of rice dishes starting December 24th, citing soaring rice prices. The price hike will apply to small, regular, and large servings of rice, with each seeing an increase of 44 yen.

< 2 3 4 5 >