Business

Audi to pay mega fine in VW’s latest dieselgate fallout

FRANKFURT AM MAIN (AFP) - Auto giant Volkswagen cleared a new hurdle in its ‘dieselgate’ scandal yesterday, paying a hefty fine to close a...

Payment companies hit deadline for keeping data in India

NEW DELHI (AP) - Global credit card and payment companies like American Express, Visa and MasterCard are facing a challenge in meeting a requirement...

Annual US budget deficit hits six-year high of USD779B

WASHINGTON (AFP) - The US budget deficit hit a six-year high of USD779 billion in the most recent fiscal year, the Treasury announced on Monday,...

Move of Japan fish market could have been better

TOKYO (AP) - A top market official acknowledged yesterday that the recent move of Japan’s main fish market from Tsukiji to a site found...

Microsoft co-founder, investor, philanthropist Paul Allen dies at 65

SAN FRANCISCO (AFP) - Paul Allen, who founded Microsoft with Bill Gates in the 1970s and later went on to become an investor, philanthropist and...

Brexit could rewrite the rules in Channel fishing fights

PORT-EN-BESSIN-HUPPAIN, France (AFP) - With tensions already high between the French and British fishing fleets after a confrontation over scallops, Brexit could change the...

England’s northern ports look to prosper from Brexit

IMMINGHAM, United Kingdom (AFP) - Brexit has brought hope to the windswept docks of the Humber River, a key goods gateway in northeast England...

Historic cross-Channel ferry hop faces Brexit test

NEWHAVEN, United Kingdom (AFP) - Taking the ferry along a historic route between England and France has become a way of life for British...

Volvo shares slump on truck emissions fault

STOCKHOLM (AFP) - Shares in Swedish auto giant Volvo slumped yesterday after the firm said it had discovered a fault in truck emission controls. Shares...

Walmart trims profit forecast due to Flipkart deal

NEW YORK (AFP) - Walmart trimmed its full-year earnings forecast yesterday due to its purchase of a majority stake in Indian online retailer Flipkart...

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