"This is about creating jobs, employment and entrepreneurs to allow society to take its role into the reconstruction of the country," said Carlos Ghosn during a press conference at USEK today.
The former boss of Nissan and Renault turned international fugitive is embarking on a new adventure after his dramatic escape from Japan nine months ago – he will be launching a university management and business program in Lebanon capital Beirut, expected to start in March and involve 15 to 20 senior executives in the country.
"You are creating entrepreneurs who are badly needed, you are creating employment," he said. Ghosn, accused of financial wrongdoing he still denies, is certainly a controversial role model for a nation that's suffering from years of corruption.
Speaking of news that might raise your eyebrows, the legal battle between LVMH and Tiffany has taken a new turn, with the French luxury group countersuing the U.S. jeweler. LVMH said Tiffany is "ill-suited for the challenges ahead" and that after a series of wrong decisions "its performance has been catastrophic and its prospects remain dismal," making its acquisition for $16.6 billion less than ideal for the French company.
Amid further job cuts and increasing numbers of infections in Europe, there's some surprisingly positive news today – economic sentiment in the eurozone is on the rise.
Scroll further to watch our video on the impact of COVID-19 on plastic use and read our interview on the significance of U.S. President Donald Trump's tax returns.
Finally, check out our graphics on how Europeans organize their working time (or rather, how their working time is organized for them). The figures are the most recent - from 2019, a time when working from home was a much rarer experience.
Enjoy reading,
Giulia Carbonaro
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LVMH is countersuing Tiffany over the cancelation of its $16.6 billion deal to buy the luxury U.S. jeweler. The French group accuses Tiffany's management of having taken poor decisions since the deal was struck and the COVID-19 pandemic hit, including taking on additional debt, which would have ultimately lowered the value of the company.
Bank of England data show that UK mortgages hit a 13-year high in August, with approvals jumping from 66,300 to 84,700 in the month of July. But as people are more careful with their savings because of the uncertainty caused by the pandemic, consumer borrowing sank compared with last year. Economists think this could slow down Britain's recovery.
Nokia has won a contract to supply Britain's biggest mobile operator BT with 5G equipment. The Finnish company seized the opportunity after the UK banned Huawei gear from the country's next generation of 5G technology. The size of the contract was not officially disclosed.
The French finance minister, Bruno Le Maire, has announced the country's budget for 2021, which includes a spending boost aimed at recovering its struggling economy – with $49bn being pumped into the economy next year as part of the country's $117bn two-year recovery plan.
Spain is expected to extend its furlough scheme until 31 January 2021, as hundreds of thousands of workers remain in precarious conditions. According to a labor ministry source who spoke to Reuters, the extension still lacks the approval of business representatives.
Carlos Ghosn, the former boss of Nissan and Renault and internationally wanted fugitive who fled trial in Japan last year, is now launching a management and business training program in a private university in Beirut, Lebanon.
UK bakery Greggs has announced further job cuts as it foresees trading to remain below normal levels for the rest of the year. The group says it's aiming to minimize job losses and work on reducing staff hours.
Despite a rise in the number of new COVID-19 cases in Europe, the European Commission reported a rise in its Economic Sentiment Indicator, showing that business and consumer confidence in the eurozone grew to 91.1 in September from 87.5 in August.
Japan's Nippon Telegraph and Telephone Corp (NTT) will launch the country's largest-ever tender ($40 billion) to buy the 34 percent of NTT DoCoMo that is currently under the Japanese government's ownership.
WATCH: While carbon emissions fell by around four percent as an inadvertent result of the pandemic – due to heavy industry all around the world falling silent – the 129 billion face masks and 65 billion pairs of plastic gloves people are using every month have amplified environmental concerns. What impact has COVID-19 had on plastic use?
02:06
David Barker is a professor of government and director of the Center for Congressional and Presidential Studies (CCPS) in Washington DC. We asked him about the potential consequences of the recently revealed tax returns of President Donald Trump and whether this could have an impact on the November election.
What impact is the revealing of Donald Trump's tax records likely to have?
If this were any other year or any other cycle, I guess I would say that it could be consequential because they really cut against Trump's reputation as a successful business person, which is part of what fueled his rise in 2016. They reveal something really quite different.
The other thing that is relevant here is, of course, that they reveal the degree to which the American tax system is really set up in such a way that it enables billionaires like Donald Trump to pay less taxes than firefighters and teachers and nurses and other working class people. However, given that the state of information in the U.S. and the news bubbles that we all live in, I don't think it's going to make much of a difference because nothing does. We are in something of a 'post-truth' political era here in the U.S., where nothing honestly really seems to move the needle.
I wonder if you think this will make any difference. Is there anything that you think would make a difference to his reputation?
I think virtually nothing. I really do. You think about everything that has happened over the course of the past four years and especially over the course of the past year in relation to the pandemic and our handling of it, the economy and 20 other things that I could list. And Trump's approval rating never really goes above around 45.