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World - U.S. senators probe tax credit related to VW `clean-burning` cars

WASHINGTON (Reuters) - Top senators on the U.S. Senate Finance Committee are investigating Volkswagen AG`s actions related to federal tax credits designed to reward consumers for buying environmentally-friendly vehicles, according to a letter released on Wednesday. The move by Senate Finance Committee Chairman Orrin Hatch and ranking Democrat Ron Wyden was conveyed in a letter to the automaker dated Oct. 6 but made public on Wednesday. It comes after the company admitted that it used a software trick to show false, `clean-burning` diesel engine performance in some of its models. ...

Wednesday, October 07, 2015  14:58


World - Volkswagen says it has withdrawn software from 2016 vehicles

Volkswagen AG has withdrawn a software feature from its model year 2016 vehicles that should have been disclosed to regulators as an auxiliary emissions control device, the company`s U.S. chief said on Wednesday. In written testimony submitted to a House oversight panel a day ahead of a Thursday hearing, Volkswagen America President and Chief Executive Michael Horn said the software required approval from U.S. and California regulators as part of the process that certifies vehicles for sale in the United States. The testimony to the House Energy and Commerce Subcommittee on Oversight and Investigations marks the latest disclosure of the Volkswagen scandal that began after the carmaker admitted to regulators that it used a software defeat device to evade U.S. emissions testing.

Wednesday, October 07, 2015  20:23


Business - Nearly a quarter of Android users are running Lollipop

Android Lollipop is enjoying its last, shining moment in the sun before Marshmallow arrives in earnest. Google`s not-quite-current operating system now accounts for 23.5 percent of active Android users, ...

Wednesday, October 07, 2015  18:16


World - UK`s Cameron ends Tory conference as successors make their case

British Prime Minister David Cameron wrapped up the Conservative conference on Wednesday amid growing speculation over who could succeed him -- the bumbling mayor of London, an ambitious finance minister, a hardline home secretary or an outsider. Cameron used his keynote speech on Wednesday to attack new Labour leader Jeremy Corbyn as a `terrorist sympathiser` and vowed to fight for EU reform ahead of Britain`s in-out referendum, adding he had `no romantic attachment to the European Union`.

Wednesday, October 07, 2015  16:10


Business - Volkswagen will recall its super-polluting cars in 2016

Matthias Mueller, the man that Volkswagen hopes will save the company after Emissions-gate, has revealed the first stage in his rescue plan. According to Reuters, the executive told German media that the ...

Wednesday, October 07, 2015  15:16


Europe - VW appoints Poetsch as chairman

VW appoints former finance chief Hans Dieter Poetsch as its new chairman, following a board meeting to discuss the emissions scandal.

Wednesday, October 07, 2015  15:16


World - Volkswagen`s UK managing director to appear before British lawmakers

LONDON (Reuters) - Volkswagen`s UK managing director will face questions from British lawmakers on Monday following the German car company`s admission that it rigged U.S. diesel emissions tests.

Wednesday, October 07, 2015  15:16


World - At `home` in Peru, World Bank chief unfazed by slower growth

CARABAYLLO, Peru (AP) — In the 1990s, Jim Yong Kim would climb the dusty streets and hillsides of this sprawling slum outside Peru`s capital distributing expensive pharmaceutical drugs he`d brought hidden in his luggage to tuberculosis patients. Residents recall the Harvard-trained physician as a smiling do-gooder with basic Spanish and shoes permanently caked with dust.

Wednesday, October 07, 2015  14:04


World - Former U.N. leader charged in alleged bribery scheme

A former president of the U.N. General Assembly `sold himself and the global institution he led` by allegedly pocketing more than $1 million in bribes to finance a luxury spending spree, according to a federal prosecutor.

Wednesday, October 07, 2015  13:28


World - Rome`s main airport reopens terminal after false alarm: ministry

ROME (Reuters) - One of the terminals at Rome`s Fiumicino airport, Italy`s busiest, reopened on Wednesday after it had been evacuated because of a suspect piece of luggage, a spokesman at the Interior Ministry said. A suitcase suspected of being a bomb but which turned out to contain only cell phones and watches prompted the evacuation order, an airport source told Reuters. The airport has been plagued by fires and blackouts this year, prompting national carrier Alitalia to threaten to move its hub elsewhere. ...

Wednesday, October 07, 2015  12:15

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