Dhaka Courier

The former boss of Nissan, Carlos Ghosn, has been granted bail

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The former boss of Nissan, Carlos Ghosn, has been granted bail by a Tokyo court in a surprise decision. The court set bail at one billion yen (£6.8m; $8.9m) and Japanese media reports said he could be released as early as Tuesday. Mr Ghosn has been charged with financial misconduct but has consistently denied any wrongdoing.

The court had rejected two previous requests for bail, saying Mr Ghosn was a flight risk and could hide evidence. The latest request was filed by a new legal team, which was appointed by the Brazilian-born executive last month. On Monday, the head of his defence, Junichiro Hironaka, said he was optimistic Mr Ghosn would be granted bail. Nicknamed "the Razor", the Japanese lawyer has a reputation for winning tough cases.

 

The US plans to end preferential trade status for India, under a scheme which allows certain products to enter the US duty-free. President Donald Trump said India had failed to assure the US it would provide reasonable access to its markets. India said the US move would have a "minimal economic impact". The US will also end Turkey's preferential trade status, saying it no longer qualifies.

It is the latest US attempt to counter what it sees as unfair trade practices. Mr Trump has pledged to reduce US trade deficits, and has repeatedly criticised India for high tariffs. As a result, he directed the US Trade Representative's (USTR) office to remove India from a programme that grants it preferential trade treatment. Preferential trade treatment for India currently allows $5.6bn (£4.3bn) worth of exports to enter the United States duty free. In a letter to Congress, the US president said India had "not assured the United States that it will provide equitable and reasonable access to the markets of India".

 

China's number two leader Li Keqiang has warned the country faces "a tough struggle," as he laid out plans to prop up the world's second-largest economy. Opening the annual session of China's parliament, he forecast slower growth of 6% - 6.5% this year, down from a target of around 6.5% in 2018. China has struggled with a slowing economy and a US-led trade war.

It plans to boost spending, increase foreign firms' access to its markets, and cut billions of dollars in taxes. "In pursuing development this year, we will face a graver and more complicated environment as well as risks and challenges... that are greater in number and size," Mr Li said in a lengthy speech.

 

A UK patient's HIV has become "undetectable" following a stem cell transplant - in only the second case of its kind, doctors report in Nature. The London patient, who was being treated for cancer, has now been in remission for 18 months and is no longer taking HIV drugs. The researchers say it's too early to say the patient is 'cured' of HIV.

Experts caution the approach is not practical for healthy people with HIV, but may ultimately help find a cure. The male 'London' patient, who has not been named, was diagnosed with HIV in 2003 and advanced Hodgkin's lymphoma in 2012. He had chemotherapy to treat the Hodgkin's cancer and, in addition, stem cells were implanted into the patient from a donor resistant to HIV, leading to both his cancer and HIV going into remission.

  • DhakaCourier
  • Vol 35
  • World this week
  • Issue 35

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