EU seeks to coordinate consumer action against Volkswagen over Dieselgate
BRUSSELS/FRANKFURT The European Commission will meet consumer groups this week to make sure they are doing enough to seek compensation for European drivers affected by Volkswagen's (VOWG_p.DE) cheating of diesel emissions tests.Consumer Commissioner Vera Jourova told a news conference on Monday the "Dieselgate" scandal was a pan-European Union challenge and the Commission was assessing whether there had been breaches of two sets of rules that apply across the bloc.They are the Consumer Sales a..>> view originalBarclays Hires JPMorgan Executive to Head Investment Bank
LONDON — James E. Staley, the Barclays chief executive, has turned to another executive from his former employer, JPMorgan Chase, to fill out his new bank’s executive ranks.Barclays said on Monday that Tim Throsby, JPMorgan’s global head of equities, would join the British lender in January as president of its corporate and international business and as chief executive of its corporate and investment bank.Mr. Throsby’s hiring comes at an important time for Barclays. Mr. Staley, who joined the b..>> view originalObama makes trade deal top priority in remaining months
WASHINGTON — Despite formidable opposition across the political spectrum, President Barack Obama is using his final months in office to fight for congressional approval of a 12-nation free trade pact called the Trans-Pacific Partnership. Obama plugged the trade agreement Monday in China, saying it is “indisputable that it would create a better deal for us than the status quo.” He said he doesn’t have to sell the deal to Asian leaders who were part of the negotiations because “they see this as t..>> view originalObamacare can succeed, but it needs a huge amount of work
U.S. President Barack Obama looks out at Turtle Beach on a visit to the Papahanaumokuakea Marine National Monument, Midway Atoll, U.S. September 1, 2016. Jonathan Ernst/Reuters It's no secret the Affordable Care Act (ACA), better known as Obamacare, has taken it on the chin over the last six months or so. Here's the quick rundown: insurers are leaving the public exchanges, companies are worried about the impact on their jobs, even maligned drug companies are pinnin..>> view originalSpaceX Could Owe $50 Million or Free Flight to Spacecom After Explosion
Israel-based satellite operator Space Communication Ltd. said on Sunday that it could seek $50 million or a free flight from Elon Musk’s SpaceX after a rocket exploded on a Florida launchpad last week, destroying a Spacecom satellite. The Israeli satellite firm said the damage to the satellite could cause its equity to decline by $30 million to $123 million, Reuters reports. Spacecom officials said they also could collect $205 million from Israel Aerospace Industries, which built the AMOS-6 sa..>> view originalUK economy shows signs of recovery from Brexit vote, outlook stil...
* Services PMI beats forecasts with record jump to 52.9* Markit says data points to Q3 growth slowing to +0.1 pct* Services confidence still weak, factories curtail investment* Sterling rallies to seven-week high against dollar (Adds detail, recasts)By David MillikenLONDON, Sept 5 Britain's economy showed its clearest sign to date of bouncing back from the initial shock of June's vote to leave the European Union, but a big slowdown in growth and a further Bank of England rate cut remain on t..>> view originalAiling Korean shipper Hanjin moves to resolve cargo chaos
SEOUL, South Korea - Moving to unsnarl the chaos in its container cargo after it filed for bankruptcy protection, Hanjin Shipping Co. will seek stay orders in dozens of countries, the Financial Services Commission said Monday. Hanjin, South Korea’s largest ocean container shipper, will seek bankruptcy protection in 43 countries, including Canada, Germany and Britain, and the government said it would urge those countries to expedite the process. Hanjin filed for bankruptcy in the ..>> view originalSaudis tighten their belts for Eid in age of austerity
By Marwa Rashad and Reem Shamseddine | RIYADH/KHOBAR, Saudi Arabia RIYADH/KHOBAR, Saudi Arabia A cartoon widely circulated in Saudi Arabia on Twitter last month showed three old men in traditional robes, named Unemployment, Prices and Poverty, looking down at a young boy with torn clothes named Salary.“When will you grow bigger like us?!” the men ask the boy.The annual Eid al-Adha holiday period is traditionally a time for ordinary Saudis to splurge on new clothes, accessories and travel. Bu..>> view originalDP World to Manage Somaliland Port of Berbera
DUBAI—Dubai-based ports operator DP World on Monday said it has won a concession to manage and develop a port at Berbera in Somaliland, adding to a global portfolio of more than 75 terminals. The Somaliland concession lasts for 30 years, with a 10-year automatic extension, DP World said in a statement. The company will own 65% of a joint venture with the government of Somaliland to manage and invest in the port, it said. The...>> view originalWomen, Southerners Most Likely to Earn Minimum Wage
For more than 120 years, American workers have enjoyed a long Labor Day weekend to ring in the month of September. But not all labor is created equal, and more than a century after President Grover Cleveland officially acknowledged the first Monday of this month as a federal holiday, there's still a sizable gulf between the average earnings of demographic groups across the country. The Bureau of Labor Statistics in August estimated U.S. workers' average hourly earnings clocked in at $25.73. ..>> view original
Friday, September 9, 2016
EU seeks to coordinate consumer action against Volkswagen over Dieselgate and other top stories.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment