Business

Bitcoin exchange CEO spent embezzled funds on prostitutes
The head of collapsed Bitcoin exchange MtGox is facing fresh embezzlement charges, with allegations arising that he spent stolen funds on prostitutes.
VW slumps to first quarterly loss in at least 15 years
Volkswagen has posted its first quarterly loss in at least 15 years, slammed by costs related to its rigging of diesel emissions tests.
Apple booms but is Twitter bust? $11bn profit for Cook as Dorsey in doldrums
Apple has reported a 30% rise in quarterly profits to $11.1bn (£7.3bn), with the sale of 48 million iPhones being credited.
Toyota passes VW again to be world’s top automaker
Toyota has reclaimed the title of the world’s biggest automaker after the first nine months of 2015, dethroning Volkswagen AG which sold the most...
Nestle will start selling Maggi noodles again in India next month
Nestle said Tuesday it had restarted production of Maggi noodles in India after a government ban was overturned, in a major step towards getting the hugely...
BBC among employers to back ‘blind recruitment’ in bid to curb discrimination
Major employers such as HSBC and the BBC are to introduce “blind” recruitment of graduates in a bid to curb discrimination against candidates...
Fiat and Starbucks told to pay back millions of euros from illegal tax breaks
Starbucks and Fiat will have to repay millions of euros after tax breaks they were handed were ruled illegal.
Super brewery: Budweiser owner agrees to takeover terms for main rival
The prospect of the biggest foreign takeover of a British firm has taken a leap forward, with the owner of Budweiser agreeing terms with SABMiller.
All froth? Budweiser back in with improved $107bn offer for SAB
The owner of Budweiser is making a fresh attempt to clinch the biggest-ever foreign takeover of a British-based company with a fresh proposal to buy SABMiller...
Takeover going flat? SABMiller’s fourth largest investor rejects AB InBev offer
The fourth largest shareholder in SABMiller on Monday rejected Anheuser-Busch InBev’s $100 billion (£65 billion) takeover offer as too low,...
#redundant: Struggling Twitter to shed plenty of characters in lay-off blitz
Struggling social media giant Twitter is planning company-wide lay-offs next week.
VW Scandal: US boss admits he was told about cheating in 2014
The boss of Volkswagen US has admitted he was told in early 2014 about a “possible emissions non-compliance” at the company.
SABMiller rejects £68bn takeover bid to create global brewing powerhouse
SABMiller has rejected the latest bid for the company by the world’s largest brewer, saying it is opportunistic, highly conditional and substantially...
Emissions scandal: VW could start mass recall in January
Volkswagen’s new boss says the company could start recalling the 11 million cars affected by the emissions scandal in January and they will all be...
VW emissions scandal: New boss warns staff of ‘massive cutbacks’
The new chief executive of VW has warned staff of “massive cutbacks” ahead in the wake of the company’s diesel emissions scandal.
Top European court backs student in Facebook data sharing privacy case
A deal that allows tech giants such as Facebook and Google to send personal data from Europe to the U.S.
Jack’s back and this time it’s official: Dorsey confirmed as Twitter boss
Twitter Inc has named co-founder and interim Chief Executive Jack Dorsey as its permanent CEO, ending months of speculation about who would take the reins...
VW emissions scandal: Engineers admit installing devices to cheat tests
Several engineers at Volkswagen have admitted to installing devices in the company’s cars so they would cheat emission tests.
Millions Of T-Mobile customers have data stolen in credit agency hack
Hackers have stolen the personal information of 15 million T-Mobile customers and potential customers in the U.S.
Tesla delivers Model X electric SUV to take on luxury carmakers
Tesla Motors delivered the first of its long-awaited Model X electric sports-utility vehicles on Tuesday, a product investors are counting on to make the...
VW to spend billions fixing 11m cars as Bernie says it’s a lot of fuss over not much
Volkswagen says it will refit up to 11 million vehicles in an attempt to move on from the diesel emissions tests scandal. New Chief Executive Matthias...
VW to fix 11m cars at a cost of billions as Bernie says it’s a lot of fuss over not much
Volkswagen says it will refit up to 11 million vehicles in an attempt to move on from the diesel emissions tests scandal. New Chief Executive Matthias...
VW scandal? It’s a lot of fuss over not much, says F1 boss Bernie
Formula One boss Bernie Ecclestone has described the Volkswagen emissions scandal as “an awful lot of fuss”. Speaking to Sky Sports News,...
VW scandal: Now Audi admits millions of its vehicles use cheat software
Audi says 2.1m of its cars were fitted with emission cheating software, as Volkswagen is said to have suspended the research and development heads of three...
VW scandal: Research heads at three divisions ‘suspended’
Scandal-plagued Volkswagen is said to have suspended the research and development heads of three of its divisions.
Shell to stop drilling for oil in Alaska after poor results from test rig
Royal Dutch Shell has announced it is stopping its offshore explorations in Alaska, after early drilling revealed disappointing amounts of gas and oil.
Scandal hit VW taps Porsche boss for top job as former CEO eyes €60m payout
Porsche boss Matthias Müller once joked that he was too old to run Volkswagen.
VW ‘admits manipulating emissions tests in Europe, too’, says minister
Volkswagen cheated emissions tests in Europe as well as the U.S., Germany’s transport minister has said.
VW ‘admits manipulating emissions tests in Europe, too’, says minister
Volkswagen cheated emissions tests in Europe as well as the U.S., Germany’s transport minister has said.
Volkswagen facing largest ever U.K class action lawsuit
The Volkswagen emissions scandal could now lead to Britain’s biggest ever class action lawsuit.

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