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According to the German Insurance Association (GDV), about 144 thousand car owners submitted applications to German insurance companies in 2018, demanding compensation for damages related to their expenses for lawyers, expertise and court costs, due to the diesel scandal, Bild reported. As a result, insurers suffered losses in the amount of about 380 million euros. German concern Volkswagen, which in the United States was accused in the falsification of emissions into the atmosphere, had to withdraw 482,000 cars sold in the United States in 2009-2017, and also agree to buy cars from their owners in 2017. In Germany, Volkswagen compensated for the losses of more than 81 thousand owners of diesel cars.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
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 ...
On Friday, Axios Media Inc. reported a document acquired by tech watchdog group Tech Transparency Project which indicates that multiple U.S. states were investigating Apple (AAPL) due to deceptive trade practices. According to the report, ...
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