Business this week

Tensions in the alliance between Renault and Nissan were on display at the latter’s annual shareholders’ meeting, the first since the arrest on financial-misconduct charges of Carlos Ghosn, who ran the alliance. Nissan’s investors directed most of their ire at Jean-Dominique Senard, Renault’s chairman, who has pushed for a full merger with Nissan and had threatened to scupper changes to its governance (Renault owns 43% of Nissan). At the meeting, Mr Senard admitted that the relationship between the two companies was in a bad state.