ghosn home? former nissan boss could leave present today, wednesday, after spending almost four months in detention. huawei's legal battles, the finance chief is due in court later. we look at the stand—off between washington and beijing. good morning, asia, hello, world. it is wednesday. glad you could join us for this mid—week edition of asia business report. we start off with former nissan chairman carlos ghosn, walking out ofjail chairman carlos ghosn, walking out of jail today after four months chairman carlos ghosn, walking out ofjail today after four months in detention. in as a prize movie has been granted bail by a tokyo court. he faces financial misconduct allegations which he has denied. for the latest i am joined by my colleague mariko oi. we are looking at the revolving doors. what will happen if he will be released soon? that's right. there are many journalist. the decision came as a surprise yesterday. we thought he might be able to walk out ofjail tonight. apparently he wasn't abl

ghosn off the board. there was a question that we were talking about today about whether he is still -- because he is on the board, if he is going to show up at a board meeting before the shareholders meeting to try to make some kind of motion or face his accusers one of the conditions of his bail is that he is not supposed to be in touch with anybody kicked with the case, so i don't know how that affects his ability to show up at a board meeting. >> thank you we appreciate your time today. >> thanks so much. >>> in pharma news, the fd aapproving a new controversial drug to treat depression the drug is a treatment for depression with blockbuster potential and johnson & johnson. it's a nasal spray that's chemically similar to ketamine, better known as special k as a street drug. it's considered the first advance in treating depression in 30 years and designed for patients who have not benefitted from two or more anti-depressants j & j said it could help 30% or 40% of patients who do not respond to anti-dep

will carlos ghosn be going home? we're watching this jail in tokyo after the ex—nissan boss was granted bail. i'm kasia madera in london. also in the programme. help from australia arrives at the scene of an oil spill in the solomon islands as the threat grows to a protected coral reef. and we talk to pakistan's first transgender supermodel about challenging stereotypes in her first film role. good morning. it's 9am in singapore, 1am in london and 9am in the morning in beijing, where the chinese premier has unveiled tax cuts designed to boost the slowing economy. he warned the nation to prepare for a tough struggle. li keqiang said the chinese economy faced a crucial year, as he addressed the opening of china's annual two sessions. it's the country's biggest political meeting of the year. our china correspondent john sudworth reports from beijing. under a cloud of pollution they streamed in to take their places in a largely ceremonial parliament devoid of dissent. many too guarded even to acknowledge the biggest issu

ghosn was arrested in november allegedly for underreporting his compensation ghosn calls those chargesat's his word. we'll continue to follow the latest developments on the story. we'll bring you more as it comes in to the cnbc newsroom here >>> let's get you up to speed on what else is happening out there. frank holland is back with your executive recap. hi, frank. >> here's what's leading cnbc.com right now the fda approving johnson & johnson's latest nasal spray for depression now, this controversial drug is chemically similar to the often abuse drug ketamine. it flags the risk for sedation, difficulty with attention, judgment, thinking, abuse, and misuse as well as suicidal thoughts after taking the drug this marks the first advance in treating depression in more than 30 years >>> sticking with the fda, da commissioner scott gottlieb is resigning. gottlieb is being credited with leading the charge against underage vaping. he says he is resigning to spend more time with his family. his successor has not been named yet. he will stay on for a month. >>> we're also following a developi

ghosn home? the former nissan boss could leave prison today after spending almost four months in detention. and on the markets: in asia, no big story still on trade breakthrough between the end china. —— between the us and china. eu trade commissioner cecilia malmstrom is in washington for talks with us trade representative robert lighthizer, as she tries to head off crippling new us tariffs. the european commission — which handles negotiations on behalf of the eu's 28 member states — is keen to reach a swift, limited deal on trade in industrial goods, excluding the tricky area of agriculture. brussels wants to resolve the issue of us tariffs on steel and aluminium and avert potential tariffs of up to 25% on european cars and auto parts. donald trump renewed his threat to impose them last month after a truce agreed injuly. the us president last month received a confidential u.s. commerce department report which is widely thought to conclude that vehicle imports pose a national security threat. he

ghosn home but with conditions. former nissan boss carlos ghosn — in the blue cap — is finally released on bail, after three months in detention in tokyo. financial markets are looking for direction today with no new news about deals on a trade with and china. about deals on a trade with and china. also on the programme... tapping into a near aobn dollar market. why natural remedies and health supplements are booming. we meet the boss of one firm making wellness work. how about trainers on the trading floor? or jeans on the job? as one big investment bank scraps its dress code for staff, we want to know is a flexible dress code good for business? let us know, use the hashtag bbc biz live. hello and welcome to business live. once again our focus is once again ourfocus is on once again our focus is on trade, but this time between the eu and the us. eu trade commissioner cecilia malmstrom is in washington for talks with us trade representative robert lighthizer, as she tries to head off crippling new us tariffs. the eu

former nissan chairman carlos ghosn has been granted bail by a tokyo court.detention there since mid—november and he faces financial misconduct allegations, all of which he denies. bail is set at1 billion yen — that's close to $9 million. according to local media, he could be released as early as today. reports suggest that he could be under surveillance for 2h hours. the average household in england faces a £75.60 hike in council tax from april, according to a survey of local authorities. the chartered institute of public finance and accountancy study found a planned average increase of 4.5% for band d households in 2019/20. the increase is lower than the 5.1% hike last year, but is still the second highest council tax rise in the last decade. it's goin gto glitz and glamour as the geneva motor show, it gets into top gear today but it comes at a time when the industry is facing a perfect storm of headwinds. an unexpected slowdown in china — the world's biggest car market — has led to a sharp u—turn in profitability for many manufacturers. sales of passenger

they want to move past the turmoil caused by the arrest of their former boss carlos ghosn. that conference in yokohama and sent this report. perhaps not surprisingly, the announcement in yokohama today was very upbeat, the heads of renault, nissan, and mitsubishi declaring the rebirth of their alliance. but beneath the headlines this strikes me as something of a victory for nissan and its ceo. last year the previous chairman of renault and nissan, carlos ghosn, who is now under criminal indictment, was pushing for a deeper integration between nissan and renault, perhaps the full integration of the companies. in the new ceo was adamantly opposed to those plans. what has he got today? he has a full declaration that the three companies will remain separate, run by separate boards of directors. nissan has also won another large concession from renault, the new chairman of nissan, previously a lwa ys chairman of nissan, previously always a renault employee will no longer be. when they choose, finally, carlos ghosn's replacement later in the year, be up to nissan to make that dec

carlos ghosn is reportedly not too happy. and at least he has unlimited —— more limit —— unlimited freedom later today. least he has unlimited —— more limit -- unlimited freedom later today. he has a new legal team, is a book to be significant. his new lawyer is nicknamed razor duties track record of winning cases in the past. this third bell request is made by the new legal team and that's what is believed to be behind this success in getting him bail. of course, because there has been a lot of international spotlight pressure on the japanese judicial system, there has been criticism, especially in france, where he was the leader of the carmaker renault, and concern over why he was held for so long without being found guilty and concern over the ruling yesterday, whether this was the japanese authorities bowing to external pressure but i seriously doubt it is down to razor, this lawyer who has managed to come up with these very sticky conditions of bail in order to secure his release. president nicolas maduro of venezuela ha

our top story: carlos ghosn, the ousted head of cargiant nissan, is granted bail by a court in tokyo. he could walk out ofjail today. the political crisis in canada deepens — a second cabinet minister resigns from justin trudeau's government. trying to battle ebola, we report from the country with the most experience of tackling the disease. trump takes on india — the us president says he intends to end the country's preferential trading status with the united states. a very warm welcome to the programme — briefing you on all you need to know in global news, business and sport. also, we'd like to hear from you on the decision by virgin atlantic to relax its make—up and uniform rules for female cabin crew. so what do you think about this? is this a necessary step to increase comfort and choice at work? or is this undermining the iconic cabin crew brand? get in touch. just use the hashtag, #bbcthebriefing. we begin with breaking news from japan — within the last hour or so, carlos ghosn has been granted bail. he is the ousted chairman of nissan, of course, who was detained more than thr

that was the message about the carlos ghosn trial.s, all pretty strong in asia, mainly because of our top story, which is talk of a breakthrough between the us and china when it comes to their trade discussions. talk of a meeting or summit on the 27th of march, so we shall keep an eye on that for sure, right up to date. let's have a look at the day in europe, a brand—new trading week right under way, two companies on the move in london, we have a chief executive revolving door today, so on the way out, ray kelvin, who was the ceo of ted baker, shares down 4x, the ceo of ted baker, shares down 4%, and aviva shares up 2%, a new chief executive there, morris tulloch, taking over from chief executive there, morris tulloch, taking overfrom mark wilson. he has been at aviva, one of the uk's biggest insurance companies, since 1992, he has been there a long time, he is now the bus. let's have a look ahead to the day on wall street. samira hussain is there. this week we will hear from american retail giant target and coles went both companies

offered to set up a monitoring camera on carlos ghosn.g that also had influence this time around. rishaad: thank you. ndrc.ooking at the what we have is china pushing for mixed ownership reform of state owned enterprises, more large direct investment projects as well, and ultimately, a push to provide better services to major projects. that coming through at the moment as they try to create a better environment for foreign direct investment. they will be shortening the negative list and agriculture too. yvonne: they will need it as they try to turn around this economy. we will get more details on how they will do that when it comes to the reform side, so mixed ownership reforms. we will see if that means more opening up and more to come. plenty more to come on beijing. more out of this ndrc conference. go to live on your bloomberg for more. we have the japanese lunch break in tokyo. we are seeing declines for major markets. these companies in particular. nissan of .2%. were talking about february vehicle sales, down 1.8% year on year

ousted nissan chairman carlos ghosn seeks court permission to attend a board meeting at the japanesearmaker this week while out on bail. a brand—new trading week under way in asia, a mixed results so far. us plane maker boeing is under pressure to guarantee the safety of its 737 max—8 aircraft after all 157 people on board an ethiopian airlines jet were killed, when it crashed in nearaddis ababa. china is grounding all of its aircraft of the same type, flown by domestic airlines. the aircraft involved was the same model as a lion air plane which went down off the coast of indonesia in october, claiming the lives of all 189 people on board. the cause of that crash is still being investigated. the boeing 737 max—8 has only been in commercial use since 2017. it's from a new family of aircraft which boeing claims is the fastest—selling in its history, with nearly 4,700 orders from more than 100 customers worldwide. the us federal aviation administration says it's "closely monitoring developments". we can cross live to los angeles, to speak to geoffrey thomas, editor of airlineratings.com

. >>> forman nissan chairman carlos ghosn leaves jail after a last ditch bail appeal from prosecutors to keep him behind bars >>> well, good morning, and welcome to "street signs." as you just heard there from in the headlines, not a lot of new concrete developments on some of the macrothemes that markets have been watching over the last couple of weeks. the u.s.-china trade, the npc out of china today a number of corporate stories coming into focus, and right now the stock 600 is trending slightly lower. down about six basis points. no massive moves this follows a relatively muted day yaed as well the stock 600 ended up a touch hire just about 15 basis points yesterday's sentiment boosted, in part, by euro zone services pmi slielgs ahead of expectations overall a relatively sluggish start to trade let's get a look at european markets. yesterday the ftse 100 was the key outperformer in terms of the regional split right now ftse 100 flat on the day. the dax down about 30 basis points the worst performer. the bright spot so far this morning, the italian index, up about 11 basis points.

ghosn --up, carlos coming up, carlos ghosn and his look at prison.s is bloomberg. ♪ vonnie: the u.s. trade deficit is widening, hitting a 10 year high. president trump says the big deficit is a sign of portrayed policies, and he hopes to reach new deals with the e.u. and china. let's welcome our correspondent from washington. the public narrative is about china and the idea that we -- that there is a push to get a deal by the end of the month. in reality is it china or europe that ceos and major companies are worried about? >> the things people are worried about is the trade war is extending, and the next battlefront that you can see is something lowing up with the e.u. over cars. that seems like a more real and immediate threat then things escalating with china right now. that's important because we need to put the global trade of cars into context. this is 8% of global trade. and the trade between u.s. and china is up 3%. cars, and a lot of that is europe, could be consequential for the global economy. guy: has the president's policies, to what ext

ghosn's bail is set at almost $9 million.e has been locked up since november of allegations of financial misconduct. ghosn denies any wrongdoing and describes accusations as meritless and unsubstantiated. and bloomberg l.p. owner and former new york city mayor michael bloomberg has ruled out a run for the white house. the 77-year-old thinks he would be president trump, but it you understand how hard it would be to win the democratic nomination. bloomberg said it would be better to spend his time and resource helping the u.s. to move to renewable energy. global news 24 hours a day on air and on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. shery: turning to the u.s. markets, this was one of those sessions where stocks ended exactly where they began. investors are still keen to hear details of any potential trade deals. su keenan joining me now. it seems investors sat on the sidelines again. another session of low volume. su: they are waiting for a lot of detail on th

a group has approved a bagel for carlos ghosn on his third request -- approved a bond for carlos ghosnest. he has spent more than 100 days behind bars after being accused of breach of trust and filing false statements. heresa may has sent attorney general to brussels to negotiate legally binding changes to the backstop. if he succeeds, the prime minister's deal has a chance of getting through parliament next week. if he fails, britain faces more uncertainty and brexit will likely be delayed. future candidate for the cfa might not have that extreme shooting weight for test results -- excruciating wait for test results. it could also allow the cfa to offer a wider selection of venues and more flexible scheduling. global news 24 hours a day, on-air and on tic-toc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. anna? anna: thank you very much. sticking with our top story this morning it, here is the key takeaways from the national people's congress in beijing. china has set its gdp growth target or 2019 at a range of 6%-6.5%. th

our top stories: when will carlos ghosn be leaving this tokyo jail?rosecutors fail to stop bail for the former nissan boss. it's been set at nearly $9 million. venezuela's president maduro urges his supporters to take to the streets, promising to defeat an opposition he calls a crazed minority. two young sisters from the us explain how they survived 44 hours alone and missing in the woods. we found shelter in a tree branch. i was this close to the ground and we had my sister's raincoat. from selfies to self—made billionaire — kyliejenner becomes the youngest person to join forbes billionaires list. an appeal by prosecutors has failed, and the former boss of nissan, carlos ghosn, is to be released from jail injapan on bail of a billion yen, nearly $9 million. japanese media suggest he could be free as early as wednesday. he's been detained for more than 100 days since his arrest last november on charges of financial misconduct. he denies any wrongdoing. earlier, i spoke to our business reporter mariko oi who says it's a surprise for someone to be relea

carlos ghosn walks out of the tokyo detention facility. former chairman of nissan motors has been subjected to house arrest t after posting $9 million in bail. tongyang reportedly starts restore dismantled facilities at a rocket launch site, the latest emerging days after the latest summit between donald trump and kim jong-un ended abruptly in hanoi. and nicolas maduro says he will not allow anyone or anything to disrupt the peace of venezzela. he is asking supporters to demonstrate this saturday tell coincide with strikes called for by juan ggaido. and whileival season, the eyes of the world aae focused on brazil, the party was also under way in haiti, despite the unrest in recent weeks. thoussnds flocked to the three day festivities. authorities had considered canceling carnival due to protests against the ppeeident. a lighthearred port out prince gave itself a break from political unrest to celebrate the annual carnival. thousands watched as dancers performed traditional dances. >> i enjoy it very much. it is also the culture of my coun

this is of course carlos ghosn.eased on bail last week, as he awaits trial on charges of financial misconduct, which he denies. 0ur asia business correspondent, karishma vaswani, is following this from singapore. a surprise last week that he got the bail, it was a hefty price tag that came with it. may be no surprise he was denied permission to go to this meeting. yes, certainly, i don't think it is that much of a surprise, although the official confirmation that he has been denied has yet to come from tokyo courts. this information is coming from one of the biggest, the official broadcaster there, the nhk agency. and mr ghosn's lawyers had been looking for permission for him to attend that board meeting on tuesday and if he had been given this access,it and if he had been given this access, it would have been the very first chance in fact for him to face his former colleagues since he was arrested back in november. and dismissed as chairman of the firm over allegations of financial misconduct, as you are saying. bu

carlos ghosn has walked out of prison in tokyo.car tighten was scorted out of the detention center. his release now means he can start mounting his defense from the comfort of his home. although, cameras will be reporting -- recording his every move and is not allowed to accept many outside visitors. joining us now from the detention center is karumi mori. what was the scene like when ghosn finally walked out? >> yeah, carlos ghosn is finally on bail after 108 days of being held at the tokyo detention house behind me. when he came out, waiting all morning for this event, the cameras almost missed him because he came out with a group of police personnel wearing similar colored dark outfits and an orange vest, a facemask, a baseball cap and glasses. somewhat of it is guys. he walked into a van and drove off. behind that van was another black are and it carried some of the futon mattresses from what it looked like, along with some black bags which may be his belongings. presumably, the is now with his family in the comfort of a reside

former nissan chairman carlos ghosn has been granted bail by a tokyo court.n since mid—november over financial misconduct charges, all of which he denies. mariko 0i is watching developments from our asia business hub in singapore. that story first broke in november last year. we know he has spell, give us the detail, how did they broke at this time around? that is right. this is the third time mrghosn and that is right. this is the third time mr ghosn and his legal team have requested bale, the previous requests in january were have requested bale, the previous requests injanuary were requested —— rejected because he was considered a flight risk and it was thought he might tamper with evidence. he changed his legal team. they have set tighter restrictions. he will be monitored all the time, his communications will be restricted as well. even then, this decision came as a surprise. in japan, bail is rarely granted unless you confess. and mr ghosn has been denied —— has been denying all the lack —— allegations. the prosecution is appealing the decision. it is a

the top story carlos ghosn out of jail.e judicial system for three months, since he was in jail, november 19th, he's been behind bars all of this time and no confirmation on any of the crazy charges that came up against him, from day one i said that this looks like a coup. i still remain believing this was a coup, inside nissan. got the minister of industry involved. they did not want japan's jewel of an auto company, nissan, being acquired by a french company, renault. dagen: if you look at this video that came out of japan this wednesday, you can see the effect of this 108 days behind bars on the face of carlos ghosn p. he was a titan of the industry. he was arrested at an airport not even initially charged when he was thrown in jail. he was finally released when his new lawyer agreed to keep him under surveillance and in the country. almost $9 million in bail. this after two previous bail requests that kept him behind bars for white collar crime accusations by the japanese government. again, stunning treatment where he w

consider turning the page on the carlos ghosn era. but according to wednesday report in the financial times. renault seeking to re launch merger talks with nissan. require another automaker in the process possibly fiat chrysler. original proponent of that plan [inaudible] carlos ghosn. i can skate for all the busines. a q quick break now would b be h with the rest of the news us off last night 03/27/19 03/27/19 [captioning made possible by democracy now!] amy: from new york thisis is , democracy now! >> it is a newew day in oklahoma and for the nation in our battle against addiction and the opioid epidemic. amy: purdue pharma, maker of oxycontin, agrees to a landmark $270 million settlement with oklahoma over claims the company contributed to the deaths of thousands of residents by downplaying the risk of opioid

ghosn of course involved in renault.,ength of jail time in japan absolutely extraordinary. we will keep these images going. we will monitor with a business -- monitor. with a business flash is viviana rotondo. according to a dutch newspaper, a is looking at reports of money laundering. according to another report, money was moved through accounts that later became part of rbs. >> some of this russian money went through an entity, which we acquired in 2008 and a business which has been closed down subsequently makes it difficult to know whether this was reported or who is responsible and we're going to have to work on that. viviana: in japan, a financial group slashing its profits by 86%. the company's third-largest bank blames security losses. to eliminatens jobs over the next decade. meet the world's youngest self-made billionaire: 21-year-old kylie jenner. the half-sister of kim kardashian making it off the list after his -- her cosmetic company signed the partnership ulta beauty.-- to become the third-largest business

there this is tlat >> tokyo prosecutors appeal the decision to grant former nissan chairman carlos ghosn bail more than three months after his arrest in japan for allege financial misconduct we're going to hear from renault ceo thierry bollore at 11:15 cet. >>> we're going to bring you the euro zone february final services pmi 52.8 that's against a flash at 52.3, and that's against january's number of 51.2 if we look at the final composite pmi for the euro zone, it's coming for february finally at 51.9. that is against a flash of 51.4, and, again, up from january's 51.0 looking, therefore, like euro zone activity has accelerated more than was expected last month, but still not quite as much as some investors might be hoping for. it does seem, though, that the services growth in some of the larger economies inside the euro zone seem to have had an impact there. >> and i want to also bring you the final italian q4 gdp numbers just out we have the final q4 number revised to 0.1% q on q the preliminary figure was 0.2% q on q slightly less bad than we had expected based on the preliminary for

carlos ghosn is confident that the ex—nissan chairman will soon be granted bail.ber and has already been denied bail twice. he denies allegations of financial misconduct. those are the papers. many thanks for that. the american actor luke perry has died at the age of 52, days after suffering a massive stroke. his publicist said the star of the television series beverly hills 90210 was surrounded by family and friends. the bbc‘s tim allman looks back at his life and career. the early 1990s, and a television show full of pretty girls and tricky boys. —— pretty boys. the prettiest boys. —— pretty boys. the prettiest boys of them all was luke perry. please don't leave. you are scaring the! he was the bad guy who was really a good guy. his james dean looks combined with a certain brooding intensity made him a heartthrob for a generation of viewers. i never particularly cared about fitting in with certain groups oi’ about fitting in with certain groups or whatever. i just tried about fitting in with certain groups or whatever. ijust tried to do my own thing a little bit

former chairman carlos ghosn who was released on bail last week after three months in a japanese jail over financial misconduct charges was denied permission to attend that board meeting. olson sergeant reports. they're calling it a new start for their alliance the leaders of kanno nissan and mitsubishi are forming a new board to to oversee their collaboration. the company's three c. e. o.'s will meet monthly in paris or tokyo led by renault's new chairman john dominique's. we want to enhance. the spirit of this alliance. and recreates the spirits the way it was at the very beginning of this alliance at the end of the nineties totally respectfuf. of the cultures of our companie. respectful of our brands. sanaa replaced carlos ghosn is chairman of lenovo earlier this year the will not re create cones double roll by becoming the chairman of nissan. to that role will be chosen by a nissan panel of outside experts a concession from her know to give its japanese partner more autonomy. nissan sells the most cars of the three automakers there are no owns a 43% stake in nissan a french domina

they can establish that, the blame would not follow squarely on carlos ghosn.d this whole scandal up in japan will dent investor confidence in the world's second-largest economy. romaine: in the u.s., you can manipulate the court system for public opinion, does it work over there? shery: you will have to see -- we will have to see. it's a 99% conviction rate. still, carlos ghosn is a titan of the industry. we haven't seen a case like this, every before. now, he will have access to public opinion. caroline: we will see how that plays out. thank you very much. ahn, and another executive with legal troubles. huawei has found a way to campaign on behalf of their cfo. she is in canada awaiting possible extradition to the u.s. other headquarters shows a shoreline and slogan, the lighthouses waiting, come home. romaine: that's a play off of her name, right? name -- from her chinese name? i think it is sweet. joe: is not likely to be particularly effective. they are really going at it, the whole defense -- global offensive. caroline: you hope your company would be figh

a tokyo district court has chairmanformer nissan carlos ghosn's bail.e could be released today after more than 100 days in jail. manus: joining us now from tokyo is our asia conglomerates media editor. this is good news and a big ticket to pay for carlos ghosn for his release. >> it certainly is. that comes to about $9 million u.s. this was his third request for bail, first time it has been granted. prosecutors do have a chance to repeal this so it is not a done deal yet but it is getting close to that given the timing and mounting pressure that his lawyers were putting on -- putting on prosecutors. u.n. in, bring it to their attention. basically, the more countries that came down on this, the harder it will be to keep him in detention without filing new charges. new charges would be harder and harder to come by given how long he has been in jail already. this is a big move. the man of the hour could be his new lawyer. his nickname is the razor and this could be his first cut, bail forarlos out on this crime which he has been held since november 19. it

carlos ghosn has agreed to be under video surveillance in order to get out.the alliance, they have always said the alliance will survive the carlos ghosn affair. but it has, that nissan had been leaning on the japanese government to say, look, we must distance ourselves from renault, they had too much say. so the future of the big alliance, which a lot of people thought was the future for the car industry, car—makers coming together, make no dissolve, and carlos ghosn is the focus of that. in a moment the weather but first let's here's victoria derbyshire with what she's got coming up in her programme at ten. an exclusive report for nottinghamshire knife crime task. the only force outside of london to have a dedicated knife crime unit. screening for cervical cancer are at their lowest rate for 20 years. is it time to rename the smear test? public health england say the name is putting some people off. what do you think it should be called? now it's time for a look at the weather. we can cross the newsroom to matt taylor. a lovely, sunny start to shrove tuesda

i interviewed carlos ghosn, the last time i spoke to him was in davos injanuary last year.he year who would believe he would be behind bars injapan? would believe he would be behind bars in japan? we know here in the uk, for example, many of these cases which are about potential financial misreporting, when they come to court they are very hard to prove. so we don't know what will happen. and he protests his innocence as well. we move on to the turmoil within the car sector. this is the business section of the times. a story we covered extensively on bbc news yesterday. the news that bmw is saying a no—deal brexit would imperil british production of the mini. we have had so many headlines coming from the uk car sector. it seems that this is a very serious issue. this story points out, 856,000 people are employed by the car industry in the uk. there are change is happening because of the shift away from diesel. we know that the uk market is a little depressed at the moment, so people are not buying cars in the way they were. there is undoubtedly a contraction of this industr

ghosn had shareholder authority.president from the communist party as he awaits trial for corruption. his four-year mandate was cut short when he was detained without notice in china in our tuber. a party statement says he abused his power to satisfy what it calls his family's extravagant lifestyle. singapore is allocating more than half a billion u.s. dollars to transform its economy into on that puts more emphasis research and companies that create new markets and jobs. the investment includes money for artificial intelligence am a supercomputing and robotics. it is part of a five-year plan that runs through 2020. -- seeksingapore sees to advance technology. global news 24 hours per day, powered by more than 2700 journalists in more than 20 -- 120 countries. this is bloomberg. markets this morning. asian stocks.for the nikkei 225 falling, while we are seeing a bond rally continue. aussie yields falling 2-5 basis points. kiwi benchmarked yields falling a low the policy rate for the first time. kiwive the advance for

approving bail for carlos ghosn on his third request.t's at the bond that under $9 million, but the tokyo prosecutor decided to appeal the decision. kyoto is reporting ghosn's release likely to be tomorrow or later. 100pent more than days behind bars. global news 24 hours a day on air and on tictoc on twitter. this is bloomberg. back to you. francine: thank you so much. the geneva international motor show is getting underway. one of the biggest event on automaker calendars. and as the industry deals with uncertainty and the threat of trump imposing tariffs on european autos. we spoke to the volkswagen chief executive about this issue. >> we have been talking to the trump administration and a european administration because it could cost us. america is a very important market for our brands. porsche, audi mainly. we are trying to really avoid this conflict. francine: matt miller, anchor of the european open, at the big event standing by with another chief executive. over to you. matt: thanks. i'm here with the ceo of lamborghini. pleasure

latest on carlos ghosn.st" is next. ♪ ♪ emily: i'm emily chang in new york, and this is "bloomberg technology." retaliation, the huawei cfo is suing canada, alleging she was wrongfully detained. will this set off another diplomatic firestorm? plus the countdown is on, tesla announces the date to unveil its model y crossover. is demand really there? hundreds of amazon employees are

. ♪ former nissan chairman carlos ghosn lawyer apologizing. >> ghosn attorney says sorry for disguisinging his plan obviously, failed ghosn released from prison nine million dollars bail wednesday after being held more than 100 days lawyer says he fears he may have harmed his professional reputation. >> costco says soaring 4 1/2% posting mixed earnings yesterday blowing past earnings per share estimates narrowly missing revenue expectations, shares of the online ticketing company down sharply almost 25% premarket company reporting a loss of 17 cents a share worse than expected, also issues weak revenue guidance, slipup from president trump meeting with apple ceo tim cook going viral. >> you really have -- really put a big investment in our country, we appreciate it very much tim apple. >> but tim cook is embracing new persona changed his name on twitter to tim apple you can see right there apple is actually the apple emoji how cute. maria: thank you so much. >> i did speak with last night about carlos ghosn pass on what i have learned in last 24 hours as markets trade lower carlos ghosn

. >>> new lawyer carlos ghosn says his team will adopt a fresh legal strategy as they defend the autoxecutive against financial misconduct charges. >>> and china finalizes regulations for technology exchange in shanghai as ride-hailing app lyft kicks off the 2019 ipo race and files to go public ahead of rival uber. ♪ >>> good morning and welcome to "street signs. as you can see behind me, it is pretty much a sea of green for european stocks this morning following asia higher. and this comes after reports that the u.s. and china are closing in on a trade deal washington -- the washington journal reported that the two sides may agree to a formal deal in mar-a-lago as soon as later this month that could see most or all of u.s. trades lifted as i said, most stocks are trading higher we had a quick look at the sectors momentarily, but the key here is that after last week's gains which saw the stock 600 end 0 .8 higher, we're continuing to see that carry into this week looking at the european markets this morning, we're seeing green across the board in terms of the regional split the best p

enactment -- and --ouncements that carol: let's talk about carlos ghosn.yone is reading about on the terminal. [indiscernible] [laughter] my cohost onkelly, bloomberg radio. this is an exclusive. let's talk about it. jason: stanford, four as his kids went there, and apparently nissan paid for them to go. as a highly unusual perk. now, we should be fair. a lot of executives include reimbursement for secondary school, high school. anybody we know who's been a banker who lived overseas in china or london, that's part of the deal. this isn't a case of nissan paying the school for the kids to get in. that is different. alix looked at me like i was crazy. [laughter] carol: employment contracts can be a little crazy, like jason says he only likes green m&ms in his dressing room. jason: it makes me feel healthy. [laughter] he doesn't have a dressing room, by the way. part of this, obviously, is the narrative of ghosn. charged on claims of nike extortion and theft. this could not have gotten any uglier in the last 12 hours. jason: this was one of the most bizarre t

carlos ghosn is actually out of jail, the first time in over 100 days now. go. have let him there he is in the car. alix: this happened 30 minutes ago. he will still have restrictions at home. he hasuse the internet, cameras all over his home. david: very intrusive. alix: at least not interrogation in a japanese prison. 19, he wasmber arrested there. it's been quite a saga as he lost his position at nissan and renault. interrogation, often without his lawyers present. a $108 million bail check. a rangearkets, you have bound s&p and a resilient dollar. futures pretty much flat. euro-dollar flat on the day. dollar, puzzling when you have a dovish fed. nowhere,ield goes crude off by .7%, worries about more storage coming online in the u.s. still a bit soggy in the market. we will get adp employment numbers for the week, followed by the u.s. trade balance for december. at 2:00 this afternoon, the federal reserve will release its beige book. cecelia will meet with robert lighthizer. alix: time for the bloomberg first take. oecd you get the downgrading global growth,

it was set at $8.9 million and ghosn p must remain in japan. prosecutors say they will appeal ttoday's decision. ghosn is charged with failing to report $80 million in deferred compensation and using nissan to pay a saudi businessman who helped ghosn a personal financial problem. cheryl: investors will be showing impair own impatience oe u.s./china trade deal. investors will shift their focus to retail earnings today. target and kohl's are reporting today. target is expected to post a profit that's 10% better than this time last year. kohl's forecast to earn $2.18 a share despite a weak holiday season overall. how will markets digest this? let's bring in melissa. i want to start with this china trade news because we're starting to see kind of this shift in the analyst community. they're saying there could be a sell on the news situation when the u.s. and china finally we think sign something later this month. we think it's going to be at mar-a-lago. are you doubtful that this is going to be a good deal for the u.s.? >> i absolutely do not agree

mr ghosn has been in detention since 19 november and has already been denied bail twice.misconduct. and finally, the philippine star says the government of rodrigo duterte has stood firm on its decision to publish a list of politicians allegedly involved in illegal drugs. the presidential spokesman said releasing the ‘narco list‘ would help voters choose their leaders in the upcoming midterm polls. now, what stories are sparking discussions online? rico, do you reckon that your commute is stressful? what are asking you? —— and i. —— am i. well, take a look at this. drivers on a highway in colorado found themselves with an avalanche crashing down a mountain towards them. the road was enveloped in snow, traffic brought to a standstill, cars had to be dug out, but incredibly, no injuries have been reported. now to australia, where the country's hottest summer on record, together with floods and fires in some states are hitting farmers hard. wine makers are also being hurt. fires in the state of victoria this week have completely destroyed some vineyards, while other growers

business is tracking this story for us monica so this was this is a big break for carlos ghosn he's been wanting to get his bail request accepted for four months now and was ready what is changing what is at least what he's trying to destroy there several times what has changed i think the biggest change is that he has a new lawyer who is probably for some reason nicknamed the acquittal so obviously there is some truth to that and of course there were two previous bail requests both were rejected because the court then said that there was the risk that goan could flee the country or tampa with evidence well obviously for some reason they found a way to work around it the conditions of the current bail are no oversee travels surveillance cameras at home and there are other measures to prevent evidence off tampering with evidence but there is one change now the prosecution has appealed the bail decision so we don't know if go and actually will be released today only if that. appeal is dismissed so i guess we will have to wait for more details i presume he won't have too much trouble coughi

mr ghosn has denied any wrongdoing. he could be released today, tuesday. hello there., quite a chilly start to the day and it remains unsettled. we'll see some rain and some snow over high ground in the north, some sunny spells to be had as well. a lot going on on this satellite picture. there's one swirl of cloud here, an area of low pressure pushing away across europe. another spinning to the north—west of the british isles, and another one in the atlantic. that one will be approaching from the south—west as we go through the day. this first area of low pressure, feeding some showers in across northern ireland, northern england and scotland. quite a chilly start, particularly in eastern and north—eastern parts of the uk. temperatures for some spots down below freezing. so, as we go through the day, we will see this showery rain across northern england and northern ireland, some snow over high ground in scotland. here's our next batch of wet weather approaching from the south—west. in between, there will be some spells of sunshine, and actually, across northern scotla

coming up in business: ousted nissan chairman carlos ghosn seeks court permission to attend a board meetingjapanese carmaker this week while out on bail. a warm welcome to the programme, briefing you on all you need to know in global news, business and sport. and you can be part of the conversation. apparently stressed brits are buying a record number of self—help books at the moment, so we'd like to know are you a fan? or do you think one of the fastest growing genres in publishing is a waste of money? tell us what you think, just use #bbcthebriefing. ethiopian airlines says it has grounded the latest version of the boeing 737 until further notice. the news comes a day after a boeing 737 max—8 crashed shortly after takeoff in ethiopia, killing 157 people. china has also ordered all the country's airlines to ground the plane. joining me now from nairobi is our correspondent, tomi oladipo. tell us more about the operation from ethiopian airlines. obviously investigations are still under way, so investigations are still under way, so they are still trying to work out what is responsible for t

former nissan chairman carlos ghosn granted bail after three months in jail in japan, and a very bold call on google a top-ranked analyst said the stock can see another 20% up side, about ut that one of the fangs could be in real trouble it is tuesday, march 5th, and worldwide exchange begins right now. >>> stock futures indicated the dow will rise about 60 points at the open, although keep in mind yesterday at this time futures were higher as well. only to see the markets slide in midafternoon europe making modest gains today. very modest gains. they are gains, nonetheless. it is green all across the screen germany, france, italy, not much higher in asia shanghai stocks simply continue their massive run this year they are higher again. shanghai composite up nearly 1%. more than 20% gains so far from mainland chinese stocks. let's begin with china once again, the big news that could impact your money has to do with that country, but today it is not about the trade deal it is that china surprising many overnight by slashing its economic growth forecast for the year all this as the nati

will carlos ghosn be going home?dera in london. also in the programme. help from australia arrives at the scene of an oil spill in the solomon islands as the threat grows to a protected coral reef. and we talk to pakistan's first transgender supermodel

four delegates met in beijing for the start of the annual people's congress former chairman carlos ghosn has been granted bail by a tokyo court has been in jail since his arrest in november on charges of financial misconduct which he denies bail was set at a billion yen close to nine million dollars. all the latest updates on our web sites al-jazeera. next that's counting the costs coming up stay with us. every week brings a series of breaking stories join the listening post as we turn the cameras on the media and focus on how they report on the stories that matter the most on al-jazeera. hello i'm adrian finnegan this is counting the cost of a serial wiki look at the world of business and economics this week we'll speak to open them ocracy about the secretive money working to influence the ukase exit from the european union also this week a tiger economy in the making why vietnam is struggling to be recognized as an emerging market. plus who really benefits in the five g. telecoms era. less than a thousand dollars until the u.k. leaves the european union and people living there still ha

the former boss of nissan, carlos ghosn, has been granted bail by a tokyo court.aid he could be released as early as tuesday. mr ghosn has been charged with financial misconduct but has consistently denied any wrongdoing. plans to cap the costs of buying domestic goods, including tvs and fridges, through so—called rent—to—own shops have been confirmed by the city watchdog. the financial conduct authority will limit how much interest customers pay to no more than the product's cost. so, if a cooker costs £300, they will pay no more than £300 interest on top of the purchase price. some firms had been charging much more. this week is the government's annual celebration of apprenticeships, national apprenticeships week. today we ask whether enough is being done to support and encourage young people into apprenticeships. charles parker is chief executive of the baker dearing educational trust. the trust supports university technical colleges, which are britain 5 first employer—backed schools. thank you forjoining us. can you explain exactly what a university technical