Yves Mersch

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In the year 2019, global trade tensions, political unrest on The Streets of Hong Kong , indecision about Brexit and a litany of corporate scandals dominated The Business news agenda.

senior executives have lost their jobs, the bankers were sent home, and large commercial names of Nissan and Boeing to Topshop, and a Spa tub place with threats to their Reputation.

Here, every month is a countdown of the biggest news events with effects that lasted for weeks and in some cases months.

January

things sticky for Patisserie Valerie

The upscale patisserie together fell like a souffle After it was found to overestimate its cash position of tens of millions of pounds.

Six arrests were made, and. Its largest shareholder, Luke Johnson , is trying to save, but it was eventually bought out by the Irish private equity company Causeway capital.

Grant Thornton , the Baker-auditor, came in to criticism for failing to detect the fraud. This Scandal , together with the collapse of the British construction giant Carillion - led to the introduction of three government-commissioned reviews into how audit firms are regulated.

February

Telegraph published the allegations against Sir Philip Green

The boss of Topshop owner Arcadia has been thrown into the spotlight when The Daily Telegraph published, including bullying and racial and sexual abuse.

Five employees who had signed the charges under non-disclosure agreements (NDAs) in exchange for cash settlements. But Chris Evans , the Telegraph editor, said it was in The Public interest, to tell your story.

original article to run was meant to be, in August of 2018, but not shown, After The High Court gave the go-ahead to the end of a temporary restraining order against the publication. Later in the year, the retail tycoon, in view of the petty crime attack in the United States, which, together with the allegations, he strongly denied.

March,

A second Boeing 737 Max aircraft crashes

The air disaster in Ethiopia, The Crash of a 737 Max followed a few months earlier, in Indonesia, left hundreds dead and Boeing, the torn reputation in tatters.

The fleet of 737s was grounded, even if not as quickly as some thought it should be. Fixing the problem has proved to be even more difficult, as details gradually emerged, what was at the core of the problem.

at the end of the year, Boeing had fired his boss and decided to have a January. The consequences for Boeing, its suppliers and the US economy will continue, while the families of their lost relatives still call for an explanation of how the planes were allowed to fly farther, in spite of the warnings.

April

- Nissan, Carlos Ghosn , part way

The 64-year-old Frenchman, the Japanese car maker led for almost two decades, before a whistleblower made allegations about Mr Ghosn alleged financial irregularities.

He was sacked as Chairman, shortly After his first arrest in November of 2018, but his ousting from the Board of Directors in an extraordinary General meeting to be case completed from grace.

Mr Ghosn vehemently the accusations of under-reporting his salary and use of company assets for personal use. denies

Since then, fact, the tit-for-tat allegations, with Mr Ghosn accused the Japanese government of conspiring with Nissan against him.

On the 30. December, it was reported that Mr Ghosn had traveled in Lebanon, After leaving Japan, while they are in expectation of the process in Tokyo.

Can

the U.S. and China blow hot and cold on trade

The U.S. and China spent much of the year playing 'frenemies' on trade

relations between the United States and China appeared for the warm-up in may, when the Deputy Prime Minister and economic Advisor, Liu He attended talks in Washington for the trade.

China agreed to "significantly increase" their purchase of U.S. goods to help reduce America's trade deficit and the Minister of Finance of Steve Mnuchin, has said that the trade was war "on ice".

days later, however, it was business as usual.

The White house announced that it would require a 25% tariff on $50 billion worth of Chinese goods, which contain "industrially significant technologies," in response to China's alleged "unfair practices in connection with the acquisition of American intellectual property and technology".

June,

Facebook says it will launch launch its own crypto-currency

The Social Media giant plans a new digital currency, called Libra, in the next year.

But said, with The Head of the US house of representatives' Financial Services Committee, The Firm should wait until the US Congress had investigated The Project .

with Other regulatory authorities were somewhat skeptical. It was treacherous as a "beguiling yet treacherous" by the European Central Bank official Yves Mersch and "a shock" by Simon Potter, ex-Chief of the New York Federal Reserve.

Facebook CEO Mark Zuckerberg has warned that, if the currencies of US, ahead of other global crypto, so he will fall behind The Competition .

July,

The axe falls at the Deutsche Bank

the failure of the Germans to the proposed merger with Commerzbank earlier this year, forced the German the hand of The Bank .

In July , began a massive restructuring, to achieve cost savings of €17 up to the year 2022 and dismissed. Many of them, mainly engaged in its fight for equity trading division, found out only 48 Hours in advance.

After collecting their personal belongings and leave their desks, they were escorted out of The Building through the back door to avoid the crowds waiting for the journalists.

August,

Hong-Kong-protests-cost-airline-in-Chief his job

Rupert Hogg, was Chief executive of Cathay Pacific for three years, The Streets of Hong Kong >have been swept away by a wave of pro-democracy demonstrations, The Company leave decide How To react. Some tried to show you support for your employees the freedom to Express their opinions, but many also wanted to avoid provoking the wrath of The Authorities .

Local flag carrier Cathay Pacific tried to walk a tightrope, but at the end of a #boycott Cathay Pacific campaign on Chinese Social Media succumbed to the pressure from the mainland, according to China's state press fueled.

Chief executive Rupert Hogg.

September,

Thomas Cook the leaves than 150,000 high and dry

Many customers are still waiting for refunds in September.

around 150 000 tourists UK had to be sent back, during a two-week operation run by the Civil aviation authority, in this month of the many out-of-pocket travellers who have not yet paid back.

The Event has also head asked scratching about How To avoid the repetition, and the government has described the changes in the insolvency law for the airlines.

February

A spat over The Garden -hedge leads to a spying Scandal at Credit Suisse

The quieter world of the Swiss banks this year in a Scandal , Credit Suisse , espionage, and a few trees.

It culminated in the resignation of Credit Suisse , Chief operating officer Pierre-Olivier Bouée, in October, but around two from The Bank , the largest cheese - CEO Tidjane Thiam and the former head of wealth management, Iqbal Khan .

neighbors and work colleagues, the two allegedly often planted had about some trees, Mr Khan, Mr Thiam were claimed on his property.

Mr Khan later announced that he was leaving for the arch-rival UBS, and later it turned out that Mr Bouée had hired private detectives-trail of the former wealth boss for fear he may try to poach you, his Credit Suisse clients.

There is no note, Mr Thiam is knew of the monitoring.

February

Saudi Aramco scale back

The oil list-giant raised a record $25. 6bn (£19. 4bn) in its initial public offering in Riyadh - The World 's largest share sale to date.

It originally had as a flotation abroad, but chose instead to sell the shares at home.

The initial public offering (IPO) of 1. 5% of Aramco's shares was in The Heart of crown Prince Mohammed bin Salman on the plans for the modernization of the Saudi economy and wean it from its dependence on oil.

December

a hot tub in the new fire-risk, but Leaving uncertainty doused

on fears that some of them represent a fire hazard.

customers have already been warned to leave The Firm , fire-prone drier alone.

But the largest uncertainty faced in the UK, what happens to Brexit, was a little cooled by the decisive outcome of the December election. The UK is now set to leave the EU in January.

It does not mean that all fear is gone.

It is not yet clear what the UK's future trade relationship with its neighbor and largest trading partner, and it is not clear how smooth the transition will turn out. Those who continue to be concerns for the next 12 months.

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Source of news: bbc.com