Takata pleads guilty, agrees $1 bn fine with US to settle airbag scandal
Washington economy
Washington - Arab Today
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Japan's Takata Corporation will plead guilty to fraud and pay $1 billion in fines to settle the scandal over exploding airbags that caused the largest auto safety recall in US history, US officials announced on Friday. The US also indicted three former Takata executives, bringing the first criminal charges in the case involving one of the world's biggest suppliers of auto safety equipment and nearly every major car brand. |
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Davos - Muslimchronicle
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Brussels - Muslimchronicle
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Geneva - Muslimchronicle
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Saudi-led coalition announces $1.5bn
Sanaa - Muslimchronicle
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Paris - Muslimchronicle
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led his
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