German carmakers faced a brewing scandal Monday as suspicions grew they colluded illegally for decades, further damaging the industry’s image and exposing it to massive financial risks.
Southeast Asian ride-hailing firm Grab said on Monday it expects to raise $2.5 billion in financing, mostly from China’s Didi Chuxing and Japan’s Softbank, as it strengthens its lead over rival Uber.
Eurozone private sector business activity slowed in July for the second month running but was still running near six-year highs, a closely watched survey showed Monday.
The dollar suffered fresh losses on Monday, while most Asian markets turned negative as investors await a Federal Reserve policy meeting and the release of big-name earnings results.
In a boxing world often dominated by promoters, self-promoters and glitz — exhibit A, Mayweather vs. McGregor — Alberto Reyes likes to do things the old-fashioned way: his company still makes gloves by hand, just as it did for Muhammad Ali.
German luxury carmaker BMW on Sunday denied any collusion with industry rivals on emissions from its diesel engines, saying none of its models had been “manipulated” or violated industry regulations.
Facebook could be working on a smartphone, according to paperwork recently spotted by cyber sleuths which the tech giant filed earlier this year.
The British government could agree to free movement of people during a Brexit transition period, newspapers reported on Friday in what would be a major reversal of current plans.
German luxury carmaker Audi, a Volkswagen subsidiary, issued a voluntary recall of up to 850,000 diesel vehicles Friday, saying it would help reduce engine emissions.
German automaker Audi apologised on Thursday over an advertisement it aired in China that was slammed as sexist for showing a bride-to-be being roughly examined like a piece of livestock.
Limits on foreign ownership of the Philippine telecom industry should be lifted to attract investment and improve its service, a senior minister said Thursday.