Volkswagen claimed that no high ranking official of the company – including the board members, were responsible for cheating U.S. diesel emissions tests.   The German car manufacturer said this on Thursday stating that only a small group of employees were responsible for the incident that...

Last night the police raided the Sydney home of Craig Wright, who was called the creator of the famous cryptocurrency Bitcoin by some specialized media before. Authorities say the searches are not relevant to the messages, but rather associated with Australian tax authorities’ own investigation....

Coor to continue collaborate with Borealis through various service and delivery related facilities for the coming two years. Sweden – 07 December 2015 – The agreement between the “Coor Service Management” and Borealis has been extended through the integrated delivery “support services”. As per...

Following months of opposition from U.S. antitrust regulators, a possible deal to sell off appliances business to Sweden's Electrolux was cancelled by General Electric.  The deal was worth $3.3 billion.   GE said it they would enter into talks with other suitors for its century-old...

A fine of record proportions amounting to ¥7.37 billion ($60 million) was proposed to be levied on Toshiba Corp., on Monday by the Japanese regulators after a $1.9 billion accounting scandal at the electronics and industrial company.   The Japanese regulators are trying to shore up...

With the aim to expand its presence on trans-Pacific routes, France's CMA CGM -  the world's third-largest container shipping firm, wants to buy out Singapore's Neptune Orient Lines. The French company made a S$3.4 billion ($2.43 billion) offer on Monday for the bid.   The offer of...

According to the Association of Chinese automakers‘ forecasts, sales of electric cars in China will amount to 220-250 thousand this year. This will allow the Chinese market of electric vehicles to become the largest in the world, surpassing the United States, where 180 thousand EVs will be sold...

Facebook teams up with Google, whereby allowing the latter to access the relevant page straight away within Facebook mobile app. From last month onwards Google has been allowed to scroll through Facebook’s mobile apps in order to index the same whereby obtaining “publicly available information”....

The French businessman Bernard Tapie is "absolutely ruined" after the court compelled him to reimburse € 404 million to the consortium of Credit Lyonnais. This he said in an interview with Le Monde French businessman Bernard Tapie, former owner of Adidas and Football Club "Olympique de Marseille",...