Trucks would face six-day queues to board ferries at Dover if new customs checks in the event of a no-deal Brexit were to delay each vehicle by just 70 seconds, according to research carried out by academics at University College London for the Department for Transport.

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Carlos Ghosn, the ousted chairman of Nissan, has defended himself against allegations of financial misconduct in a Tokyo court, declaring his innocence in his first public appearance since his arrest in November.

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Jim Yong Kim has announced he is stepping down as the head of the World Bank, in a move that has sent shockwaves through the international aid community.

He will leave by 1 February, three and a half years before the expiry of his term in 2022.