News

At least five people have been killed in an explosion at a chemical factory in central Japan, according to news reports.

Broker Nikko warns of $1bn loss

NIKKO SECURITIES, Japan's third-biggest brokerage, yesterday warned it would lose as much as $1bn (pounds 600m) in the year to March and would cut 2,000 of its 8,500 staff in Japan.

Software firm braves market turmoil to float

FINANCIAL OBJECTS, a software supplier which is just three years old, looks set to become the first major company to float on the London Stock Exchange since the start of market turmoil when it completes its listing next month.

Rallying: Burning up the forests

After the heat and dust of Australia, Britain's No 2 rally driver relishes the mud and cold of home; McRae will not have it all his own way next week.

Rallying: Burns puts McRae in forest shade

COLIN McRAE took his world championship challenge into Crocodile Dundee country yesterday - only to discover a fellow Brit revelling in the outback.

MOTORING: ON YOUR MARQUES

The 75th Motor Show is under way and with more than 750 cars and 12 world debuts, it's bigger and better than ever. John Fordham picks his own front runners

Motor Show `98: NEC debut for a new era of the car

The British International Motor Show promises innovation, like Volvo's bi-fuel system which can use natural gas

Rallying: McRae trails leaders Liatti and Makinen

PIERO LIATTI, of Italy, and the world champion Tommi Makinen shared the lead in the San Remo rally after five special stages yesterday.

The Third Way is a scam, utterly without substance

The rich are looking for a theology of containment they hope to persuade the poor to swallow

RALLYING: Burns on the move to Subaru

RICHARD BURNS, one of the world's up-and-coming rally drivers, has signed a three-year contract with Subaru.

Rallying: The making of master Makinen

World Rally Championship showdown: Flying Finn on record-breaking run in pursuit of third title

Churchill protected Scottish peer suspected of spying for Japan

Second World War: Government papers show prominent aristocrat was believed to be leaking naval secrets to Tokyo

Rallying: Makinen enters the record books

FINLAND'S TOMMI Makinen, driving a Mitsubishi Lancer, yesterday won the Finland Rally for a record-breaking fifth time.

Mitsubishi's $34m sex bias bill

SANDRA RUSHING was 21 when she got a job at the Mitsubishi plant in Normal, Illinois. But her tasks on the assembly line soon turned into a nightmare.

AEA joint venture gets pounds 7m state aid

THE Government is to pump pounds 7m into a state-of-the-art factory in Scotland being set up by an Anglo-Japanese joint venture to manufacture "intelligent" rechargeable batteries for use in defence, space and medical applications.

Rallying: Makinen title charge starts to accelerate

FINLAND'S Tommi Makinen won the Rally of Argentina on Saturday by 27 seconds from Carlos Sainz, of Spain, as the British pair Richard Burns and Colin McRae finished fourth and fifth respectively.
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