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The prosecutor's office of Stuttgart obliged Bosch, a supplier of components for automobiles, to pay a fine of 90 million euros. It is believed that the dosage sensor software of the German company “contained partially unauthorized strategies.” It is noted that over the period since 2008, a number of automakers have received about 17 million of such sensors from Bosch. The cars with these sensors in the market, when checking their engines, showed a significantly higher level of emissions of nitrogen oxide into the atmosphere than was stated. Bosch's officials said they would not dispute the decision, and within six weeks they would pay the specified amount to the federal state of Baden-Württemberg.
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
On Monday, Deutsche Bundesbank’s President Jens Weidmann said in a newspaper interview that Germany would toughen its auditing and accounting regulations to prevent another scam like the Wirecard scandal. Wirecard AG (WDI), a financial ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
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