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TOKYO (Reuters) - The Renault, Nissan and Mitsubishi car alliance may be hard to manage without the unifying figure of chairman Carlos Ghosn, who is police custody in Japan facing financial misconduct allegations, Mitsubishi Motors CEO Osamu Masuko said on Tuesday. “I don’t think there is anyone else on Earth like Ghosn who could run Renault, Nissan and Mitsubishi,” Masuko told reporters in Tokyo. Ghosn is chairman of Nissan Motor Co and Mitsubishi Motor Corp as well as chairman and chief executive of their French partner, Renault.

“The immediate problem is that while we still have people at the top of two companies, there is no one at the third,” Masuko added, referring to Renault, Ghosn, 64, personally shaped the alliance and had pledged to consolidate it with a deeper tie-up, before eventually stepping back from its operational leadership, Arrested on Monday, Ghosn, will be fired by the Nissan board this week in a dramatic fall for a leader hailed for rescuing the Japanese carmaker from near bankruptcy, Nissan said an internal investigation triggered by a tip-off from a whistleblower had gold cufflinks macy's revealed that he had engaged in wrongdoing including personal use of company money and under-reporting for years how much he was earning..

BEIRUT (Reuters) - Lebanon’s foreign ministry said on Tuesday it would stand by Nissan and Renault boss Carlos Ghosn, who is of Lebanese descent and holds Lebanese citizenship, a day after his arrest in Japan on financial misconduct allegations. Ghosn, one of the best-known leaders in the car industry, was arrested after Nissan Motor Co said he had engaged in wrongdoing, including personal use of company money and under-reporting how much he was earning for years. The Japanese carmaker plans to remove him as chairman this week.

France moved on Tuesday to oust Ghosn from the helm of Renault but sought to defend the carmaker’s alliance with Nissan, which has been rocked by the scandal., Lebanon’s caretaker Foreign Minister Gebran Bassil has asked the ambassador in Tokyo to meet with Ghosn and follow up on the case, the ministry said in a statement, “Carlos Ghosn is a Lebanese citizen who represents one of gold cufflinks macy's the Lebanese successes abroad and the Lebanese foreign ministry will stand by him in his adversity to ensure he gets a fair trial,” it said, Ghosn, who has Lebanese roots, was born in Brazil and is also French citizen..

COPENHAGEN (Reuters) - Google will invest almost $700 million in a Danish data center powered by the abundant green energy that underpins power-. intensive companies’ interest in the Nordic region. Google also said it would sign a power purchase agreement (PPA) for the new Danish data center to ensure it is powered by renewable energy. The Nordic countries, which can generate electricity relatively cheaply from renewable sources such as hydropower and wind, have long been a magnet for heavy power-using industries, but are now attracting power-hungry data centers.

Annual investment in Nordic data centers could double to more than 4 billion euros ($4.57 billion) by 2025, a new study published by the Nordic Council of Ministers, the official body for regional cooperation, said on Tuesday, Big companies have rushed to secure cheap renewable energy to manage costs and reduce their carbon footprint through corporate PPAs which allow gold cufflinks macy's firms such as Google, owned by Alphabet Inc, Facebook and Microsoft to buy directly from energy generators, Nordic countries are competing for the multi-billion-euro investments with the more established FLAP-D markets, an acronym for Frankfurt-London-Amsterdam-Paris-Dublin..

While the Nordics are still perceived as less connected than these markets, the region is likely to gain market share, the Council of Ministers’ study said. This is partly due to the region’s plentiful renewable energy and political stability while the planned installation of major fiber optic links to North America and Asia will improve connectivity. Google said it is also evaluating investments in a number of onshore and offshore wind and solar energy projects in Denmark. In September, Google signed a 10-year deal to buy renewable energy from three new wind farms being built in Finland that will power one of its data centers.

Last year, the number of new corporate PPAs, primarily wind and solar, reached a record with more than 5 gigawatt contracted, up almost a third from the 2016 level, according to the International Renewable Energy Agency, The new data center in the small city of Fredericia will cost 4.5 billion Danish crowns ($689 million) and employ 150 to 200 staff once completed in 2021, according to the plans, Besides Fredericia, Google bought another plot last year in Aabenraa, Denmark, next to a planned gold cufflinks macy's Apple Inc data center, Facebook has also planned a data center in Denmark..

 

 
 
 

 

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