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According to the Association of German Chambers of Industry and Commerce (DIHK), the costs associated with the “diesel scandal” amounted to more than half a billion euros, DIHN head, Eric Schweitzer, said. In an interview with the Rheinische Post he noted that the “diesel scandal” affected not only the automotive industry. According to Schweitzer, “the loss of cost and use of many diesel cars also affect a large number of representatives of medium and small businesses.” Experts note that in order to restore confidence in the market of diesel vehicles, it is necessary to urgently conduct a full investigation of violations in this area.
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
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 ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
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 ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
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