Prosecutors in Canada on Wednesday proposed a $196.5 million (CAD) ($149.5 million) fine against Volkswagen AG after the company pleaded guilty to dozens of counts of diesel emissions violations, a company spokesman confirmed on Wednesday.
8 hours 23 minutes ago
Canadian prosecutors propose $196.5 million fine against Volkswagen for diesel violations
Prosecutors in Canada on Wednesday proposed a $196.5 million (CAD) ($258.3 million) fine against Volkswagen AG after the company pleaded guilty to dozens of counts of diesel emissions violations, a company spokesman confirmed.
8 hours 42 minutes ago
Boeing CEO says taking fresh look at potential mid-market aircraft
Boeing Co is taking a fresh look at a potential new mid-market aircraft, Chief Executive Dave Calhoun said on Wednesday, putting the brakes on a project that became overshadowed by the fallout of the 737 MAX.
9 hours 3 minutes ago
Lebanon's new government may have little reserves left to stabilize economy
Lebanon's new government faces huge upcoming debt repayments and a currency peg at breaking point, but it may already have run out of the hard cash firepower it needs to tackle these problems.
9 hours 11 minutes ago
Oil slides 2% as glut forecast, China virus overshadow Libya disruption
Oil prices fell more than 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and demand worries amid the outbreak of a virus in China outweighed concern over disruptions to Libya's crude output.
9 hours 18 minutes ago
Canada prosecutors say fraud at heart of Huawei CFO Meng's U.S. extradition case
Huawei Chief Financial Officer Meng Wanzhou returned to a Vancouver courtroom on Wednesday where Canadian prosecutors defended a U.S. extradition request, saying Meng's alleged bank fraud is the heart of the case that has strained relations between Ottawa and Beijing.