Germany on Thursday ordered luxury car brand Porsche to recall 22,000 vehicles across Europe over emissions test cheating amid a widening election-year scandal.
Amazon founder Jeff Bezos on Thursday became the world’s richest person, as a jump in the share price of the US tech giant enabled him to overtake Microsoft founder Bill Gates, Forbes magazine estimated.
Oil field services giant Halliburton will pay nearly $30 million to resolve allegations of bribery in Angola, US regulators announced Thursday.
French oil company Total said Thursday underlying profits gushed higher in the second quarter thanks to a recovery in the price of oil, with the company also benefitting from increased output.
Major Asian markets gained Thursday but the dollar struggled after the previous day’s losses when the Federal Reserve’s tepid inflation outlook fuelled speculation it will hold off further US rate hikes this year.
The world’s largest carmaker Volkswagen lifted slightly its forecast for the full year Thursday, hailing strong performance even as it faces a brewing scandal at home in Germany.
The mood among consumers in Germany should continue to brighten in August, pollsters GfK said Thursday, maintaining an important pillar of growth in Europe’s largest economy.
Facebook on Wednesday reported that its quarterly profit leapt 71 percent from a year ago to $3.9 billion as it dished out money-making ads to its more than two billion users.
Britain said Wednesday it will outlaw the sale of new diesel and petrol cars and vans from 2040 in a bid to cut air pollution but environmental groups said the proposals did not go far enough.
Coca-Cola saw profits drop sharply due to sales of bottling facilities as it moved to expand offerings of low-sugar and non-carbonated beverages amid flagging demand for sweet sodas, the company said Wednesday.
Britain’s economy grew by 0.3 percent between April and June, a slight increase compared with the first quarter of the year, the Office for National Statistics said on Wednesday.