Saturday , January 23 2021

DealBook Briefing: Can the autopilot of Carlos Gon withstand his fall?



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The arrest of Mr. Gosna yesterday could cause major problems for the three automakers that he controlled: Nissan, Renault and Mitsubishi.

He was accused of perplexing his compensation to the Japanese authorities and other corporate violations. (It is reported that Nissan-affiliated company bought $ 17.8 million for it, according to the Nikkei Asia Survey.)

Nissan and Mitsubishi said they would remove him as chairman, while the French government says Renault is in charge of interim management.

But Mr. Ghosn played an important role in overseeing the empire — the world's largest automaker if viewed as one business, and it is unclear that someone else can keep it together.

But the size of these companies puts their problems at risk, as Mr. Phillips notes:

The bulk of technology companies have a negative impact on the market in both directions. The confusion in Tech on Monday pushed the major stock market indices toward negative territory in November, with the result that investors cling to profits of less than 1 percent for the year.

Although the political allies of the British Prime Minister do not seem interested in her plan for leaving EW, she may have the backing of the country's business. Yesterday, she received a warm welcome from the Confederation of British Industry, a trading group, from corporate leaders who were relieved by some certainty and repelled by the risk of a contactless Brexit.

Benjamin Muller from the New York Times spoke to the audience:

“She made a deal on the table that was true for the first time in two and a half years,” said Craig Beaumont, director of external relations and advocacy for the Federation of Small Enterprises, who was in the audience. "The business accepts that it is in a tough position, but assesses the progress that it has made."

Some corporate leaders have doubts: several leading financiers, including investor Guy Ruky, publicly supported the “people's voice” in order to reconsider the issue of withdrawing from E.U.

But Ms. Mai’s plan may offer more certainty than another possible outcome if he fails: Brexit, led by Jeremy Corbin, leader of the opposition Labor Party. The head of the Confederation of Business said that there is no time to revise.

More Brexit News: It seems that the rebellion against the leadership of Ms. Mai in her Conservative Party has declined. France and Spain may require further concessions from the UK. And e-mails show that a major supporter of the Prorexit campaign was trying to work with Steve Bannon in 2015.

EUROPEAN UNION. leaders will discuss their future relationship with the UK. Officials are expected to tell today how they plan to negotiate on issues such as data protection, security, and trade after the UK leaves.

President Xi Jinping from China will sign investment deals in the Philippines. During a state visit to Manila, Mr. Sy is expected to agree on billions of dollars worth of infrastructure projects with his Philippine counterpart Rodrigo Duterte.

A big part of the problem is that Facebook and Google dominate digital advertising, which leads to media companies attracting advertisers. Some startups, such as The Athletic and The Information, have turned to subscription models. But Mr. Peretti argues that for larger advertising-managed companies, such as his own, joining a club can be a way to get some negotiation opportunities. And he says he held preliminary talks with some competitors.

Big obstacles remain, as Ed Lee from The New York Times points out:

Any transaction will be difficult to remove, given the number of investors involved and the aggravating losses that may arise from the combination of several unprofitable startups. Downsizing would be inevitable.

Other media news: Traditional media companies are also struggling, as more than 1 million Americans cut the cord in the last quarter.

New weapons in America's trade wars may include blocking the sale of exotic technologies abroad. The Commerce Department published yesterday a public comment yesterday on whether "there are specific new technologies that are important to the national security of the United States."

The notification lists dozens of technologies, from quantum computing and A.I. to brain computer interfaces and micro robots that may be subject to export restrictions. Companies may need at least to be licensed to export sensitive technologies to “countries subject to the US embargo, including those subject to the arms embargo”.

It remains to find out how wide the consultations can be, but they can affect everything from the sale of supercomputers to the more common devices such as the iPhone.

“If you think about the range of products that this potentially implies, this is very important,” said WaPo, David Edelman, director of the project on technology, economics and national security at the Massachusetts Institute of Technology. "This is either the opening of big negotiations with industry and the public, or a little cry for help in defining these rules."


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