Prosecutors file fourth formal indictment for allegedly siphoning company funds for personal use Japanese prosecutors have charged the former Nissan chairman Carlos Ghosn with aggravated breach of trust, a Tokyo court said, bringing a fourth charge against him on the day his detention period was set to expire. The charge, on Monday, ensures that Ghosn will remain in custody pending another bail attempt by his lawyers.

Japan still dominates the global cultured pearl market, despite a fall in specialised pearl farmers. In the past 10 years it has produced annually about 20 tonnes of farmed pearls

I am an SSE customer and have never had an account with them

Research shows lack of diversity narrows talent pool and obstructs social mobility Two in five people working in British banking have parents who also worked in the sector – more than three times the national average for other types of jobs. Some 41% of financial services employees had parents working in the same sector, against a national average of 12% across other sectors, research by the accountants KPMG showed. In insurance, more than half of staff had followed their parents into the industry.

High street footfall rises, but non-food sector and retail parks have a tough weekend British shopping centres, DIY stores and garden centres struggled over the bank holiday weekend as shoppers stayed outside to enjoy the blazing sunshine. Indoor shopping centres were hit particularly hard, with a year-on-year decline in footfall of more than 11% on both Friday and Saturday, according to retail data company Springboard. Separate data from Ipsos Retail Performance also showed a 10.4% decline in footfall in non-food stores on Easter Saturday against last year.

The unequal distribution of land has created serious problems in housing provision and wider society, say readersThe revelation that half of England is owned by less than 1% of the population (

China’s Fosun is among number of groups interested in buying all or part of holiday operator Thomas Cook, Britain’s oldest package holiday operator, could be split up in a takeover that may lead to its high street stores and package deals being bought by a Chinese conglomerate. The company, which is struggling with a fall in

Company that offers ‘free delivery’ happy hour has difficulty fulfilling orders Global cannabis suppliers struggled to keep up with demand on Saturday, the biggest ever

Carmaker says man trespassed on factory in California and drove at security guard Tesla has been granted a temporary restraining order to prevent an alleged harasser from approaching the carmaker’s California factory. The electric carmaker claimed in its application for the order that the man had repeatedly harassed its employees. He allegedly controls a Twitter account which frequently claimsthat Tesla engages in fraud and which claims to be betting that Tesla shares will fall.

No-name applications may be an effective way to eliminate elite bias in journalist recruitment Danielle Wall may be the managing editor of the Spectator, but she still feels like the odd one out at some corporate events. Not because she is one of the weekly title’s most senior women, but because she left school at 16. “It can make me feel uncomfortable,” she said last week. Wall’s journalistic flair and fierce work ethic first brought her to the attention of the editor, Fraser Nelson, when she was his PA 10 years ago. Her rise is the inspiration behind an internship programme at the magazine, which is one of the most innovative in journalism.

There isn’t a shortage of Brits to succeed Carney, but the net may well be spread beyond these shores Wanted: suitable candidate to run one of the world’s leading central banks. Applicants should demonstrate the economic acumen of a Keynes, the diplomatic skills of a Metternich, the political cunning of a Machiavelli, and the hide of a rhinoceros. Those interested should register their interest with the right honourable Philip Hammond esq at HM Treasury. Interviews will take place in the coming months and the name of the new governor will be announced in the autumn. Now that there is a bit of Brexit breathing space, Hammond can get on with a couple of the other issues in his intray, one of which is to find a successor to

When Claire Totman was woken at 3am by the sound of thieves starting the engine of her £74,000 Mercedes GLS in her driveway she did not hesitate to act.

Many sign up with the household name believing costly work will go smoothly. It’s not always soThe thrill of Everest is adventuring into the unknown. Even the most doughty stamina and resolve can’t guarantee those who commit to the journey will reach their goal. Which is why Britain’s second-largest double-glazing company seems aptly named. Everest was the second choice of Michael and Catrin Poole when its rival, Anglian, declared the arched doors and windows they required could not be manufactured in uPVC. The Everest salesman, in contrast, was apparently confident even though his computer resisted his attempts to produce a design.

If the online retail giant has felt some pressure on profits, what price other, less secure, Silicon Valley firms? The march of Amazon and other US tech giants to world domination can sometimes seem unstoppable. Investors who have bought into the Amazon story have rarely been let down either. Amazon’s share price performance since the millennium stands at +2,345%. Last year tech stocks were in overdrive until the autumn, when almost all took a big tumble. But Amazon is still up more than 25% on this time a year ago, and a reading of 90 on its price to earnings ratio – essentially a measure of investors’ hopes for the future – suggests that its stellar growth is expected to continue.

The UK has not been ‘badly treated’ by the EU. All it is doing is pointing out the consequences of our follyOne vox-pop remark in a

Andrew Tyrie’s report recognises the value of more competition, but tinkering at the edges won’t make it happenCompanies go out of business all the time, but big companies should be an exception. They have responsibilities to the communities where they operate. They employ lots of people and perform economically essential tasks. So they need to be resilient and have the capacity to adapt. So what part does a financial audit play in keeping such a corporate ship afloat? It’s a question the Competition and Markets Authority (CMA), run by former Tory MP and Treasury select committee chair Andrew Tyrie, attempted to answer last week

Major action is needed to achieve zero net emissions by 2050. But it will make Britain’s economy cleaner, smarter and more efficient. We must not delay Britain needs to reach, by no later than 2050, net zero emissions of carbon dioxide and other greenhouse gases. This means any greenhouse gases we release must be balanced by the removal of an equivalent amount from the atmosphere. The 2050 deadline represents our fair share of international responsibility for implementing