mitsubishi plans to launch its first jet have been dealt a new blow. the firm says one of its customers in the u.s. has cancelled an order for up to 20 space jets. aviation ordered ten jets in 2016 with an option to buy ten more. but the company cancelled the order at the end of december after mitsubishi put the brakes on the plane's development. mitsubishi has been working since 2008. the first planes were supposed to reach customers in 2013. but the project ran into mechanical and logistical problems and froze the development in october. it also slashed the annual budget for the program by 90%. parent company has spent about 9.6 billion dollars on the space jet program. it still has orders for 287 planes, but the decision could spur other clients to follow suit. as small business owners and individuals across japan are increase iingly relying on loano survive the coronavirus pandemic they continue to borrow more in december pushing the amount owed to banks nationwide to record highs. the bank of japan report says outstanding debts last month averaged

mitsubishi electric plans to limit the number of workers at its offices in tokyo and three surrounding prefectures to 30% of normal levels or less. another telecom giant, kddi, this month reduced by 40% the number of seats at its head office in central tokyo. but some people in tokyo say taking further measures to work from home will not be easy. >> translator: we try to hold an online meeting, but the senior workers couldn't adapt to it. it's a delicate issue. >> translator: i will probably be commuting. my company hasn't said anything about it yet. >> reporter: a november survey by a tokyo research firm involving 10,000 companies suggests 30% of them have employees working from home. more than a quarter said they no longer do. 43% said they never introduced remote working. >>> the leading music awards ceremony in the u.s. has been postponed due to the pandemic. organizers of the grammy awards announced on tuesday that they have rescheduled the 63rd annual event to march 14th. it was originally due to be held in los angeles on january 31. announcing the postponement organizers said no

will together form the world's 4th largest car manufacturer after folks toyota and the new nissan mitsubishi alliance. fiat's opel. and chrysler are just 3 of the new auto giants 14 brands and that could be a problem before the pandemic the 2 sides have promised that no brand would be eliminated. b.m.w. will miss the promise not to give up any brand will be hard to keep today they have 14 of them but i don't think that brands that sell 20225000 cars worldwide today will survive the next crisis. which includes uli still and his might have just come together but it may yet have to slim down for the auto market of the future. and for more this let's talk to our financial correspondent in new york yen scored a hello yes so to say c.e.o. carlos to virus has said that only the most agile car companies or get through the difficult years ahead why is he merging with another giant car company then. well if you will see mergers in that event scale mostly what those companies try to achieve in the 1st place is to find synergies and bring costs overall down so that's probably $1.00 of the aims one chall

tissues now the world's 4th biggest co make an offer of oaks mike and toyota on the run no need son mitsubishi alliance. c commerce to bomb is hopes the merger will leverage synergies that will save billions of euros including reducing the many platforms its vehicles around to just a handful by joining forces stand on to sites to make an easy a shift to and train my ability. analysts full cost that the merger could see the closure of underused factories congress to vote as is notorious for tough cost cutting measures the official line however is that all comments will remain open let's get the latest now on this from our markets correspondent chelsea believe me in frankfurt chelsea 1st day on the market for the new auto giant halls of looking . well it's been a strong start 1st on the market in the paris exchange where they are listed the stock started up about 3 percent it's also trading higher in milan and is expected to start trading tomorrow in new york so investors clearly cheering this tie up and really it was seen as one of the only options for these 2 automakers which had been really l

will together form the world's 4th largest car manufacturer after folks toyota and the new nissan mitsubishi alliance. fiat's opel and chrysler are just 3 of the new auto giants 14 brands and that could be a problem before the pandemic the 2 sides have promised that no brand would be eliminated. b.m.w. will miss the promise not to give up any brand will be hard to keep today they have 14 of them but i don't think that brands that sell 20225000 cars worldwide today will survive the next crisis. which includes usually still and his might have just come together but it may yet have to slim down for the auto market of the future. let's get more on this without financial correspondent frank that chelsea a bigger isn't always better how is becoming big and makes the lantus more competitive. well the hope 1st lantus is that they will be able to cut costs that's really the key benefit of this merger and the companies say that they think they will be able to save about 5000000000 euros as a result of the merger and that's going to be through things like getting better deals with suppliers because the

mantis is now the world's 4th biggest co maker off to vote track and toyota and the red no nissan mitsubishi alliance. c virus hopes the merger will leverage synergies that will save billions of euros including reducing the many platforms its vehicles around to just a handful by joining forces stand on his hopes to make an easy a shift into electro mobility. analyst 4 counts that the merger could see the closure of underused factories virus is notorious for tough cost cutting measures the official line however is that all counts will remain open. so how did the markets received the losses on its 1st day our financial correspondent chelsea delaney has this look. a lot of the stock market debut was a bit of a blockbuster shares start up trading about 3 percent at one point they were up about 5 percent in trading in paris so and masters are looking at this tie up as really positive and a deal that gives really a shot at the future many automakers even the biggest are really struggling right now with the shift to electric vehicles and by pooling their resources at p.s.a. and chrysler should be a

stlantis will trail volkswagen and the nissan and mitsubishi alliance in terms of global sales.s reportedly hope to focus their expertise and resources on the development of electr vecles. they're aiming to complete the deal by january 16th. >>> on day two of our series of reports on key economic issues in 2021, we look at the global digital shift. the spread of the coronavirus issued a new normal, accelerating the digitalization of society. but the changes are posing many challenges, especially in japan, which has been late in joining the trend. i spoke with a tech expert about the hurdles ahead. >> reporter: governments across the globe have initiated lockdowns and urged people to stay home amid the pandemic. the restrictions are transforming consumer behavior. the change has boosted i.t. giants, including google, apple, facebook, and amazon in their role as digital platform operators. china's leading tech firms are also seeing significant growth, as the government prioritizes digitalization of the world's second largest economy. much of the accelerated expansion in the u.s. a

will together form the world's 4th largest car manufacturer after folks toyota and the new nissan mitsubishi alliance. it's opel and chrysler are just 3 of the new 14 groans and that could be a problem before the pandemic the 2 sides have promised that no grand would be eliminated. the promise not to give up any brand will be hard to keep to daily have 14 of them but i don't think the 20225000 cars worldwide today will survive the next crisis. which includes you still and his might have just come together but it may yet have to slim down for the auto market of the future. now let's get more on this with financial correspondent in frankfurt chelsea delaney chelsea how does becoming big thanks to lantis competitors well as we heard in that report being big getting bigger and it's having some sort of scale it's really the only way to survive in this auto market the new company hopes to save about 5000000000 euros a year in part by cutting costs for things like administration by sharing production technology as well as being able to strike better deals with its suppliers because of its new size

the company which has filed the most patents in the world 5428 a record that's twice as many as mitsubishi and intel who trail in 2nd and 3rd place inventions dreamed up by young scientists like the 32 year old tundra to which were developed from further studies in germany i think only the 1st team to use the weaver chamber because now other companies are using it hence we are this is a plan for them inside job water so especially where you play games you can feel your increase in temperature is akin. to get where it is while we started out like many chinese companies drawing on western inventions through forced technology transfers. you so shitty versal a company wanting to operate in china must surrender its patents and transfer them to the chinese or associates of asia all of you don't know that we've seen this in aeronautics and in manufacturing. you're obliged to transfer your patents and explain your manufacturing processes and with of me just what's more china also obliges you to help build their plants and set up the whole process from a to z. a little. illegal practice for sure bu

matt: i know you have a strong partnership with nissan and mitsubishi, but you are going to be in a sortvid and goliath situation soon when you go with fiat chrysler and all the brands that come under that umbrella. do you think it will be hard to go against the fence competitor with so much scale? >> well, the difference of scale , there is not much difference in scale. what we need is to leverage to the maximum extent. again, 80% of our volume -- you look at the volume for each one of these platforms. we don't have any obstacles in order to be competitive with a strategy. alix: that was the renault deputy ceo speaking with matt miller. matt, thanks for staying up for me here. why did it take so long to get back to profitability levels? matt: that's a good question, and i kicked off with that. only in it for 3% operating margins by 2023 and they say they can boost it to 5% by 2025, which seems to me, coming from my background reporting on ford and gm with the super profitable big trucks -- pickup trucks commit is crazy low. renault had operating margins pre-pandemic of 4.8%. her concern

a company which is filed the most patents in the world 542-0188 record that's twice as many as mitsubishi and intel who trail in 2nd and 3rd place inventions dreamed up by young scientists like the 32 year old tundra 2 which were developed for further studies in germany and think only the 1st team to use the weaver chambre because now other companies are using it hence we are this is a plan for. inside job and water so especially where you play games you can feel your increase in temperature into corners. to get where it is while we started out like many chinese companies drawing on western inventions through forced technology transfers. a company wanting to operate in china i love must surrender its patents and transfer them to the chinese. all of you don't need that we've seen this in aeronautics and in manufacturing. you're obliged to transfer your patents and explain your manufacturing processes horses with of me just what's more china also obliges you to help build their plants and set up the whole process from a to z. little. illegal practice for sure but one to which all too often

the company which has filed the most patents in the world 5428 a record that's twice as many as mitsubishi and intel who trail in 2nd and 3rd place inventions dreamed up by young scientists like the 32 year old tundra 2 which were developed following further studies in germany i think only the 1st team to use the weaver chambre because now other companies are using it has we are this is a plan for. inside job water so especially where you play games you can feel your interest in temperature in japan or. to get where it is while we started out like many chinese companies drawing on western inventions through forced technology transfers. you so shitty diverse select company wanting to operate in china i love must surrender its patents and transfer them to the chinese or associates of asia or live you don't need we've seen this in aeronautics and in manufacturing you're obliged to transfer your patents and explain your manufacturing process ease of it is what's more china also obliges you to help build their plants and set up the whole process from a to z. a little. illegal practice for sure

mantis is now the world's 4th biggest co maker off to vote back and toyota and the wren own a son mitsubishialliance. c carlos to virus hopes the merger will leverage synergies that will save billions of euros including reducing the many platforms its vehicles around to just a handful by joining forces stand and his hopes to make an easier shift into electro mobility. analysts 4 counts that the merger could see the closure of underused factories comest havana's is notorious for tough cost cutting measures the official line however is that all plants will remain open. so how did the markets receive cylinders on its 1st day well our financial correspondent chelsea delaney has this look. so a lot of the stock market debut was a bit of a blockbuster shares start up trading about 3 percent at one point they were up about 5 percent and trading in paris so and masters are looking at this tie up as a really positive and a deal that gives a lot to really a shot at the future many automakers even the biggest are really struggling right now with the shift to electric vehicles and by pooling their resou

is a company which has filed the most patents in the world 5428 a record that's twice as many as mitsubishi and intel who trail in 2nd and 3rd place inventions dreamed up by young scientists like the 32 year old tundra 2 which were developed following further studies in germany saying chloe is the 1st team to use the weaver chamber because now other companies are using it has we are this is a plan for them inside it's just a job it's water so especially where you play games you can feel your interest in temperature into corners. to get where it is while we started out like many chinese companies drawing on western inventions through forced technology transfers. versal a company wanting to operate in china must surrender its patents and transfer them to the chinese. 7 or levy don't need we've seen this in aeronautics and in manufacturing you're obliged to transfer your patents and explain your manufacturing processes of it is what's more china also obliges you to help build their plants and set up the whole process from a to z. a little. illegal practice for sure but one to which all too oft

is a company which has filed the most patents in the world 5428 a record that's twice as many as mitsubishi and intel who trail in 2nd and 3rd place inventions dreamed up by young scientists like the 32 year old tundra to which were developed for further studies in germany a simple reason 1st team to use the weaver chamber because now other companies are using it hence we are this is a plan for. inside just water so especially where you play games you can feel your increase in temperature into corners. to get where it is while we started out like many chinese companies drawing on western inventions through forced technology transfers. a company wanting to operate in china must surrender its patents and transfer them to the chinese. or live you don't need we've seen this in aeronautics and in manufacturing. as if you're obliged to transfer your patents and explain your manufacturing processes with of me just what's more china also obliges you to help build their plants and set up the whole process from a to z. little. illegal practice for sure but one to which all too often copies and even t

just in mitsubishi of a dark winter this pandemic as cases, hospitalizations, and deaths spike at record levels, there is real pain, overwhelming the real economy. when our people rely on paychecks not their investments to pay for the bills and the meals and their children's needs. you won't see this pain if your scorecard is how things are going on wall street but you will see it very clearly when you examine what the twin crises of a pandemic and this sinking economy have laid bare the growing divide between those few people at the very top who are doing quite well in this economy, and the rest of america. just since this pandemic began, the wealth, the top 1% of the nation has grown roughly $1.5 trillion since the end of last year four times the amount for the entire bottom 50% of american wage earners some 18 million americans are still relying on unemployment insurance. some 400,000 small businesses have permanently closed their doors. and it's not hard to see that we're in the middle of the once in several generations economic crisis with the once in several generations public heal

will together form the world's 4th largest car manufacturer after folks toyota and the new nissan mitsubishi alliance. fiat's opel and chrysler are just 3 of the new auto giants 14 brands and that could be a problem before the pandemic the 2 sides have promised that no brand would be eliminated. will miss the promise not to give up any brand will be hard to keep today they have 14 of them but i don't think that brands that sell 20225000 cars worldwide today will survive the next crisis. still and his might have just come together but it may yet have to slim down for the auto market of the future. if more of this let's talk to our financial correspondent in new york yen scored a hello yes so to say c.e.o. carlos to virus has said that only the most agile car companies or get through the difficult years ahead y.c. merging with another giant car company that. well if you will see mergers in that scale mostly what those companies try to achieve in the 1st place is to find synergies and bring costs overall down so that's probably $1.00 of the aims and one challenge should definitely will be the c

tissues now the world's 4th biggest co make an offer to folks back and toyota on the run no nissen mitsubishi alliance. c camos to bomb is hopes the merger will leverage synergies that will save billions of euros including reducing the many platforms its vehicles around to just a handful by joining forces stand on to say to make an easy a shift to and train my ability. analysts full cost that the merger could see the closure of underused factories congress to vote as is notorious for tough cost cutting measures the official line however is that all comments will remain open. let's get the latest now on this from our markets correspondent chelsea believe me and frank for chelsea 1st day on the market for the new auto giant how's it looking . well it's been a strong start 1st on the market and the paris exchange where they are listed the stock started up about 3 percent and it's also trading higher in milan and it's expected to start trading tomorrow in new york so investors clearly cheering this tie up and really it was seen as one of the only options for these 2 automakers which had been real

. >> jimmy: what's a montero >> it's a mitsubishi so, yeah, i'm named after a car. >> jimmy: wait, thiso and she got you. it's even better than a car. >> yeah. she was like, "i'll settle for less." >> jimmy: i want to talk about your latest single "holiday. just this week, it was certified gold and the music video, which you co-directed, has almost, and i'm not kidding, 100 million views on youtube it -- it's - >> insane. >> jimmy: do you want to direct more i think you'd be great at it >> of course you know, for our next, you know, video, we do the thing again next year. be great >> jimmy: yeah, let's do that. please, i think you got bigger things to do than me and you but talk about the new album do you have one? what's happening are you -- i know you're working on one >> yeah. i'm working on a new album it's all about sex, and nothing else >> jimmy: ooh. >> i'm kidding i'm kidding. it's a pretty great album. [ laughter ] it's about all the things i've been experiencing. like, pre-fame and after and what i expect to be experience it -- it's just a great album, overall. i've been worki

still mantis is now the world's 4th biggest carmaker after volkswagen toyota and the red no nisson mitsubishi alliance. c carlos to virus hopes the merger will leverage synergies that will save billions of euros including reducing the many platforms its vehicles around to just a handful by joining forces stand and his hopes to make an easier shift into electro mobility. analysts forecasts that the merger could see the closure of underused factories canister virus is notorious for tough cost cutting measures the official line however is that all plants will remain open. so how did the markets receive on its 1st day well our financial correspondent chelsea do any of this work. so once the stock market debut was a bit of a blockbuster shares started up trading about 3 percent at one point they were up about 5 percent and trading in paris so and masters are looking at this tie up as a really positive and a deal that gives a lot to really a shot at the future many automakers even the biggest are really struggling right now with the shift to electric vehicles and by pooling their resources that p.s

did in the morning session from some of these japanese chemical makers, this is on a call from mitsubishigan stanley saying undervaluation and expectations for strong earnings, saying investors are wary of the japanese diversified chemical sector, and several you also had a new buy from city on nissan chemicals. you have seen some big upside coming through from some of these cop -- stocks conduct call. tom: juliette saly with those endless calls. that's taken with the markets more broadly. it is just one tech company ripping through levels today. at a record as a result of that upgrade. as part of this move, the hong kong exchange at think the stock connect, those star board stocks as well, that is driving momentum. the csi 300 about that 5600 level, more than 650 billion dollars in value added to the csi 300 this year. . over and hong kong come up we can look at some of the individual stocks as well. they are leading the pack on the hsi, the hong kong stock and tech index broke above 10,000 for the first time on record. also seeing very solid gains on the hong kong exchange as a result o

this is a 2021 mitsubishi mirage, they get 44 miles per gallon.e on the market non-hybrid, and it starts under $15,000. of course, you've got this vehicle right here, we talk about the economics. why are cheap cars no longer cheap? because consumers have spoken, they want crossover utility vehicles like the 2021 nissan kick, and then, of course, j.d. powers with their tell you ride, they have said the average price a consumer will pay for a car is $38,000, it starts at 31, the ex model is at $37,000, and this is a range rover spider, stuart. so three great cars and this suv to close it out. stuart: what have you got on tesla? >> so tesla, right? tesla won't fall into any of these categories, but it's the hottest car on the market. everyone loves and hates tesla. everyone wants to drive one. they're starting to come down in price, and i think in the next year you're going to see elon doing some incredible things as he starts to build cars now down in austin. stuart: sounds like a commercial for tesla to me, but thank you very much. we hear you loud

simon personal computer launched in 1992 and was manufactured by mitsubishi the device had a touchscreenility. >>> neil young has sold half of his entire song catalog to hypnosis songs fund. the deal gives the investment vehicle the rights to copyright and all the income interest on more than 1,000 songs from neil young, the canadian for a reported $150 million and, yeah, becky, he's got -- the beatles could be -- could represent two or 300 one-hit wonders, neil young could be the same. amazing songwriter. >> you know, this comes after bob dylan sold his catalog, 300 to $400 million. stevie knicks sold half of her song catalog and dolly parton is talking about selling hers it's coming because they're worth a lot more money the going rate is 10 to 18 times the annual earnings they would get on these things, the annualized royalties you have spotify, streaming music so the songs that we know and love are worth a lot more money than they were a few years ago. >> we both like -- i mean, he's -- after the gold rush is just a quintessential. >> i'm partial to "harvest moon". >> which was later