this is the business briefing, i'm samantha simmonds. driven out? nissan expected to oust carlos ghosn as chairman following his arrest for suspected of financial misconduct. plus: window shopping. us retailers put on the glitz to lure thanksgiving crowds offline and into their stores. and on the markets, investors remain on edge over trade tensions, rising interest rates, and weakening global growth. stock markets hold steady, though, after this week's steep losses. we start with this man, car industry boss carlos ghosn. as head of the alliance between nissan, mitsubishi and renault, he was one of the world's most powerful business leaders, until his arrest injapan on monday over allegations of financial misconduct. he is suspected of under—reporting

how much he was being paid, to the tune of more than $40 million, and misusing company funds. in the next hour, the board of nissan are expected to remove him as chairman. his arrest has seen the share prices of nissan and mitsubishi fall sharply on the tokyo stock exchange. it has been the same story for renault‘s shares in paris, although the french company says it wants to see evidence before deciding whether to oust him from his role there. mr ghosn‘s removal from nissan would bring to an end more than 18 years in charge. he is widely credited with turning the company around. but nissan's japanese ceo this week described it as a regime, underlining tensions with the company's local management. that is partly because of this. renault, whose biggest shareholder is the french government, controls nissan, with a 43% stake. in return nissan, a far bigger company in terms of sales, owns just 15% of renault, with no voting rights. on wednesday, france's finance minister insisted the alliance

with renault will continue. translation: i want to stress again my attachment as key shareholder to the alliance between renault and nissan. faced with today's technology challenges among large industrial carmakers such as electric cars and autonomous cars, in order to finance innovation in these new technologies, we need powerful and strong industrial groups, and this renault — nissan alliance represents the first industrial automotive group in the world. yuuichiro nakajima is managing director of crimson phoenix, a corporate finance firm that advises on mergers and acquisitions. good morning to you. there are those questioning the timing of this

arrest, suggesting perhaps a hatchet job over this alliance between nissan and renault, and many perhaps on the board injapan being unhappy about it. just explain what these potential questions or reservations might be about the timing of all of this. the timing is very curious, but who knows the full story. it won't come out until quite sometime later. but it is reported that executives in japan later. but it is reported that executives injapan were very unhappy about the potential merger between nissan and renault. as you said in your introduction, nissan is bigger by quite some margin than renault, and more profitable, or had been more profitable until recently. and i think nissan believe that they make better cars and are just a better car company altogether. so there was quite a lot of resistance building up. but you know, whether

that led directly to this action by the prosecutors to arrest him, as macro one arrived at the airport, which is quite a dramatic piece of action —— carlos ghosn. whether that is... there is a direct link between those two, it is anybody‘s gas at the moment. arrested at the moment, actually not charged with anything, given ten more days to be questioned, i think. given ten more days to be questioned, ithink. it given ten more days to be questioned, i think. it is expected he will be removed as chairman within the next hour or so. so what next for the company after carlos ghosn literally turned it around. he was seen as ghosn literally turned it around. he was seen as a hero ghosn literally turned it around. he was seen as a hero injapan, wasn't he? he was, having been placed in that post in 1999 until about 2005, i believe, he was really a superhero. and then things started to turn a little bit downhill. people have commented that that was about the time that people started to notice that he was really using

the company as a sort of private vehicle, so to speak. and lately, more recently, people were becoming frustrated that the management style, the amount of pay he was getting anyway, without concealing its, and therefore who knows what happens now. but he was the linchpin in keeping the three companies together. what about that alliance now? what do you think the future will hold particularly between renault and nissan? well, it is in the french government's interest to hold it together. injapan, ithink the renault link was considered to bea the renault link was considered to be a benefit, it now may have passed its useful sort of life, so to speak. so there may be some people injapan thinking

speak. so there may be some people in japan thinking that speak. so there may be some people injapan thinking that it may be a time to sort of realign that particular arrangement. but for now, it has to be status quo until at least things settle. but in terms of share prices, and so on, it is going to bea share prices, and so on, it is going to be a rocky period from now for quite sometime. thank you. let's go to the us now, where the nation prepares to celebrate thanksgiving and the start of the holiday shopping season. the strength of the us economy means consumers are expected to spend more this year. but with a big shift in how people shop, the retail business is scrambling to adapt, as michelle fleury reports from new york. a big show to get you to buy things — the holiday windows at fifth ave. to grab people's attention, retailers and malls are increasingly relying on experiences to drive traffic. a few years ago retailers

were desperate to avoid this fate. crickets. at this new york mall, the trees are up, santa is coming, and the ice rink opens next week. leading into the holidays, we have a lot going on. people generally come, they spend time here. the more time that they spend here, hopefully the ancillary benefit is they spend money in the shops. in new york, thousands are wide—eyed as these figures herald the annual macy's day parade. the macy's parade, which began in 192a, introduced spectacle to the holiday. since then a lot has changed, especially with the growth of online shopping. black friday has become synonymous with frenzied scenes like this. but shoppers are growing tired. they want something fresh. well, more than ever you have to offer the customer an experience. they want to be able to eat,

they want to be able to experience, health and wellness is important to them. they want all of that at one time. it's not just coming in to make a transaction. if they want a transaction, they go online. so, if brick—and—mortar stores want customers to open their wallets this holiday season, they can'tjust rely on sales. they have to include a show. let's go to asia now, and italian designer brand dolce & gabbana has cancelled a fashion show scheduled for wednesday evening in shanghai after a storm of online criticism over its new advertising campaign. rico hizon is following the story. tell us more, welcome. well, the controversy tell us more, welcome. well, the c0 ntrove i’sy a rose tell us more, welcome. well, the controversy arose after a video posted on the brand's page on the chinese social media site weibo, showing a chinese model attempting to use chopsticks to eat pizza,

cannoli and spaghetti. the company we re cannoli and spaghetti. the company were accused of depicting chinese people in a racist way and the video was taken down within 2a hours. what has really made the situation worse, samantha, was an alleged online conversation from one of the founders which was circulated, defending the campaign and making derogatory comments about china and chinese commenters. well, some of china's biggest celebrities were set to attend this catwalk show, but on wednesday announced their withdrawal. and this is not the first time the brand has been embroiled in a public outcry of this scale. in april of last year it published a campaign on weibo depicting beijing as an underdeveloped city. well, the post was deleted after complaints, and hopefully they will be learning from this lesson. 0k, hopefully they will be learning from this lesson. ok, you would hope so, wouldn't you ? and now, what is trending

in the business news this morning? from cnbc, a $9 trillion corporate debt bomb is bubbling in the us economy, posing a potential threat should rates continue to rise and the economy weaken. on bloomberg, the usjustice department is reviewing anti—opec legislation, an official says, aimed at reining in the cartel‘s power over oil markets. and on wired, why bitcoin is plunging again. it dropped another 10% on tuesday, extending a decline that has sent the virtual currency down 33% in the past month and 46% in the past year. and don't forget, let is know what you are spotting online. use the hashtag #bbcthebriefing. but before we go, here are the markets. investors remain on edge over trade tensions, rising interest rates, and weakening global growth. us markets now closed for thanksgiving. up next: newsbriefing. a major nhs review is to be

published later today setting out the true scale of mental health problems among children. the report comes as the children's commissioner for england warns services are struggling to keep up with demand. nick triggle has more. this woman suffered from severe anxiety in the run—up to her gcses, but the 17—year—old found help hard to come by. she says in a school of 2500 there was only one school counsellor. eventually she got help, but she believes the problems affected her exam results. but she believes the problems affected her exam resultslj but she believes the problems affected her exam results. i know what i can achieve, and ifelt like i was given challenge after challenge after challenge after that back, with no support. and therefore i couldn't achieve what i should

have done. read research by the children's commissioner for england found that last year 338,000 people we re found that last year 338,000 people were referred to specialist nhs mental health community services, but over a third of children were told they could not have treatment. i would like to see a counsellor at every school. i would like to see specialist help for every child that needsit specialist help for every child that needs it within five years. and i would like to see waiting lists down to four weeks, on a par with what we expect for adults. the commissioner says extra funding is needed, pointing out that adult mental health services get 15 times more funding than children's services. she says another £i.7 funding than children's services. she says another £1.7 billion would be needed to bridge the gap, but she did acknowledge funding was beginning to rise, and there had been progress on helping people with eating disorders. nhs england said plans were being put in place to improve access further, and it looks like this will be needed. later today, the nhs will release new figures detailing the scale of

mental health needs among young people. it is over ten years since the research was last done, and the expectation is that it will show problems are becoming more, d. —— more common. this is the briefing from bbc news. the latest headlines: the board of nissan are expected to formally confirm later that chairman carlos ghosn has been sacked from his job. spain's prime minister says he will not accept the brexit withdrawal treaty unless the future of gibraltar is on the agenda. a briton accused of spying in the united arab emirates begins a life sentence in prison. ghosn now it's time to look at the stories that are making the headlines in the media across the world. we begin with the daily telegraph here in the uk. its front page dominated by brexit as you can see. but it's this shocking quote attributed to the health secretary that's grabbing

attention this morning. he says the deal is a turkey trap. the financial times now. it's reporting on bet365 founder denise coates's carlos £220 million earnings last year — more than tesla's elon musk or google's ceo. on to british tabloid the sun with a story making news across the world. the 27 year—old american killed with bows and arrows as he tried to reach an indian ocean tribe untouched by civilisation. south africa's business day now it reports that french president emanuelle macron is set to return african artefacts currently held by french museums — it's a move that could put pressure on other former colonies. and here's the main story on the i here in the uk — with a bucket list for children,

including learning to knit, visiting a temple and making a papier mache planet. with me is iain anderson, founder of communications agency, cicero group. welcome back. we will find out shortly if you have ever made a papier—mache planet. shortly if you have ever made a papier-mache planet. this is fascinating in the telegraph in so many ways. his talking about the turkey trap. basically the uk is looking