Recent Articles

VW customers, dealers seek speedy action on emissions scandal

VW customers, dealers seek speedy action on emissions scandal

FRANKFURT/BERLIN: Volkswagen must move quickly to recall and refit models rigged to pass U.S. emissions tests to limit the long-term impact to its reputation, dealers and consumer protection bodies say. “To regain confidence, Volkswagen needs to indemnify any consumers affected by damage,” Klaus Mueller, head of the Federation of German Consumer Organizations, said in a […]

September 24, 2015 | By | Reply More
From iPhones to iCars

From iPhones to iCars

HAVING redefined the personal-computer and mobile-phone industries, Apple has set its sights on a new, moving target. The darling of the tech industry is aiming to debut an electric car in 2019, according to a report by the Wall Street Journal. For years there had been speculation that Apple had auto ambitions. It has been […]

September 24, 2015 | By | Reply More
France's Macron says no sign of other carmaker wrongdoing after VW

France's Macron says no sign of other carmaker wrongdoing after VW

LONDON: French Economy Minister Emmanuel Macron said on Thursday that there was no evidence so far that other carmakers had used the same software as Germany’s Volkswagen to conceal the true level of diesel engine emissions. “We will be extremely rapid and extremely demanding with our carmakers,” Macron said during a visit to London. “At […]

September 24, 2015 | By | Reply More
Stocks slip for fifth straight day, euro holds steady

Stocks slip for fifth straight day, euro holds steady

LONDON: World shares fell for the fifth day running on Thursday, sliding back towards two-year lows on growing unease about global growth, while emerging markets continued to gnaw at investor confidence. A 2.2 percent tumble for Tokyo’s Nikkei as Japan returned from an extended break set the tone in Asia, while some encouraging German and […]

September 24, 2015 | By | Reply More
Pensions: the new enemy of pay rises

Pensions: the new enemy of pay rises

BRITAIN’S productivity crisis—in which output per hour worked fell for six years after the financial crisis—has not stopped wage growth from surging to 2.9% this year. That is good news for Britain’s workers. But, as in America, it would be a mistake to think that this situation is normal. A gap has long existed between […]

September 24, 2015 | By | Reply More
Toshiba in white goods deal with China's Skyworth; Skyworth shares jump

Toshiba in white goods deal with China's Skyworth; Skyworth shares jump

TOKYO: Toshiba Corp said it would sell stakes of 5 percent each in two white goods manufacturing units to China’s Skyworth Digital Holdings: a move that comes amid a revamp of its operations in the wake of a US$1.3 billion accounting scandal. The sale is part of broad agreement in which Toshiba will use the […]

September 24, 2015 | By | Reply More
Most Asia markets bounce, Tokyo sinks on return

Most Asia markets bounce, Tokyo sinks on return

HONG KONG: Asian markets mostly recovered Thursday from the previous day’s sharp losses but Tokyo tumbled as investors returned from a long weekend to play catch-up, with auto giants hit by the Volkswagen scandal. The dollar edged up against most emerging market currencies ahead of a closely watched speech later in the day by Federal […]

September 24, 2015 | By | Reply More
Exclusive: Pivoting after Failed Syngenta Bid, Monsanto Will Focus on Big Data

Exclusive: Pivoting after Failed Syngenta Bid, Monsanto Will Focus on Big Data

CHICAGO AND KANSAS CITY: With its shares trading at three-year-lows since it abandoned a US$46 billion bid to buy Syngenta AG last month, Monsanto Co. plans to offer worried shareholders a new corporate vision: a future in big data. Monsanto executives are repositioning the company as a business built on data science and services, not […]

September 24, 2015 | By | Reply More
Exclusive: VW recall letters in April warned of an emissions glitch

Exclusive: VW recall letters in April warned of an emissions glitch

SAN FRANCISCO: In April of 2015, Volkswagen of America, Inc. sent letters to California owners of diesel-powered Audis and Volkswagens informing them of an “emissions service action” affecting the vehicles. Owners were told they would need to take their cars to a dealer for new software to ensure tailpipe emissions were “optimized and operating efficiently.” […]

September 24, 2015 | By | Reply More
Pivoting after Failed Syngenta Bid, Monsanto Will Focus on Big Data

Pivoting after Failed Syngenta Bid, Monsanto Will Focus on Big Data

CHICAGO AND KANSAS CITY: With its shares trading at three-year-lows since it abandoned a US$46 billion bid to buy Syngenta AG last month, Monsanto Co. plans to offer worried shareholders a new corporate vision: a future in big data. Monsanto executives are repositioning the company as a business built on data science and services, not […]

September 24, 2015 | By | Reply More