Tag: Japan
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Olympus quits camera business after 84 years
Olympus, once one of the world’s biggest camera brands, is selling off that part of its business after 84 years. This is according to the BBC. The firm said that despite its best efforts, the “extremely severe digital camera market” was no longer profitable. The arrival of smartphones, which had shrunk the market for separate…
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Ex-Nissan Chief Carlos Ghosn, justifies decision to jump bail in Japan to Lebanon
Ousted Nissan boss Carlos Ghosn said on Tuesday he had fled to Lebanon to escape a “rigged” justice system in Japan, raising questions about how one of the world’s most-recognized executives had slipped away while on bail. Ghosn’s abrupt departure marks the latest twist in a year-old saga that has shaken the global auto industry,…
