European markets bring modest relief, euro sinks after weak German survey
European markets opened higher on Friday with most stock indexes rising modestly after a volatile week in which company earnings and growth worries hit stocks, though the euro sank after a weaker-than-expected German business survey.
German court rules Volkswagen must reimburse owner full price of car
A German court has ruled Volkswagen must reimburse the owner of a Golf the full original price of his vehicle bought in 2012, dealing a blow to the carmaker as the legal battles over its emissions cheating scandal drag on.
Interim Renault boss: I’ll protect our interests in Nissan alliance
Renault’s interim deputy chief executive said he would safeguard the carmaker’s interests in its alliance with Nissan Motor Co , following the ouster of Carlos Ghosn as Nissan chairman over financial misconduct allegations.
Dolce & Gabbana founders seek ‘forgiveness’ in China with video apology
Dolce & Gabbana’s co-founders asked for China’s “forgiveness” on Friday, trying to salvage a crucial market for the luxury brand after a backlash against its latest advertising campaign.
Mazda recalls 62,357 cars in Russia over airbag issue
Russia’s standards agency said on Friday it had been informed about the recall of 62,357 Mazda cars sold between May 2006 and November 2014.
China says WTO reforms should protect interests of developing countries
China supports necessary reforms to strengthen the authority and effectiveness of the World Trade Organization (WTO) but they should uphold the grouping’s core values and protect developing countries’ interests, a vice commerce minister said on Friday….
Factbox: How Carlos Ghosn’s pay compares with other top auto executives’
Carlos Ghosn, one of the most celebrated leaders in the global auto industry, was ousted as the chairman of Nissan Motor Co on Thursday over allegations of financial misconduct including under-stating his income by around 5 billion yen ($44 million) o…
German court rules Volkswagen must reimburse owner full price of car: Bild
A German court has ruled Volkswagen must reimburse the owner of a Golf the full original price of his vehicle bought in 2012 due to the carmaker’s diesel emissions scandal, Bild newspaper reported on Friday.
Oil falls to lowest since late 2017 on emerging supply glut, OPEC expected to cut
Oil prices plunged to their lowest since late 2017 on Friday in choppy trading, weighed down by an emerging crude supply overhang and a darkening economic outlook.
China hopes countries can provide fair environment for Chinese firms
Asked for comment on a Wall Street Journal report regarding China’s Huawei Technologies [HWT.UL], a foreign ministry spokesman on Friday said China hoped the relevant countries could provide a fair environment for its companies.
