Scandal-plagued Toshiba Corp. on Monday unveiled wholesale restructuring plans in an aggressive move to return the ailing electronics firm to profitability which will include some 7,800 jobs being slashed from its workforce. The firm ...
The California Air Resources Board (CARB) has ordered Audi, Porsche and Volkswagen to recall and repair 15,000 vehicles featuring 3.0-liter diesel engines sold in the state since 2009. According to the watchdog, the vehicles contain an ...
Tags: Volkswagen, Audi, 3.0-liter diesel engines
After California and South Korea, Volkswagen has been asked recall 323,700 diesel cars in India which exceeded local pollution limits. The company will have to recall cars belonging to its own brand along with Skoda and Audi brands across ...
Tags: Volkswagen, Diesel Cars, EA 189 engines
South Korea has ordered Volkswagen to recall 125,522 diesel vehicles after finding that emission test in the vehicles are manipulated. Regulators in South Korea have also imposed a $12.3m fine on the German automaker for emissions ...
Tags: Volkswagen, Audi, diesel cars
The premium of gold over platinum has moved to its largest on record, at around $240/oz, as platinum becomes increasingly detached from gold and some investors look to take advantage, sources said Tuesday. Platinum was trading around ...
The European Commission has introduced a dedicated IT tool called the Administrative Assistance and Cooperation (AAC) to keep a tab on possible cross-border food supply chain violations of administrative information between national ...
European Consumer Organisation BEUC has published a new report, which reveals that meat products marketed across the European Union often carry dishonest labels. The BEUC report findings, which are based on tests conducted by seven ...
Tags: BEUC, Meat Products
Palladium fell to a 1-1/2 month low as investors continued to move away from Exchange Traded Funds [ETFs] in Platinum Group Metals following further fundamental weakness resulting from the Volkswagen emissions scandal and excessive mine ...
Tags: Palladium, PGMs, diesel emissions
In the wake of a huge emission scandal, Volkswagen has announced that the company is planning to cut investment by €1bn a year. The company is facing up to $18bn in penalty after it was accused of designing software for some of its ...
For the first time, India is leading the growth chart of major economies, even ahead of China, according to the World Bank Group’s latest Global Economic Prospects (GEP) report. In India, new reforms are improving business and ...
Tags: World Bank's Growth, Economies
The UK Department for Environment, Food and Rural Affairs (Defra) is contemplating plans to develop new food labeling laws to give consumers more accurate and easy-to-understand information about the products' place of origin. This ...
Tags: Food Origin Labeling, Defra, food labeling
Scott and Scott is claiming that the supermarket giant’s overstatement of its profits last year, caused a “permanent destruction of value to shareholders.” Tesco is facing potential legal action from UK shareholders ...
Tags: Tesco, Supermarket giant, Toys
Hong Kong based startup Vitargent has developed a food testing technology with fish embryos to detect toxic substances in food. Though the technology has been developed for food and beverages, it also has applications in areas such as ...
Tags: food safety, fish, EEDs
Australian Prime Minister Tony Abbott began waging a war against red tape, even launching a website dedicated to the notion. The deregulation of the country’s medical device and pharmaceutical industries has been included in that ...
Tags: Medical Device, Medicine
The European Parliament has backed plans to create a new meat labeling regulation in processed foods. The new law, when put into force, will require food producers to mention the country of origin of meat used as an ingredient in ...