The German Federal State of Baden-Wuerttemberg is seeking damages from Volkswagen after local authorities purchased VW diesel vehicles which now face bans in cities like Stuttgart, Frankfurter Allgemeine Zeitung said on Saturday.
administrat0rComments Off on German state of Baden-Wuerttemberg sues VW for damages: FAZ 5
A powerful Iranian council approved an anti-money laundering bill on Saturday, state media reported, a major step towards reforms that would bring Iran into line with global norms and could facilitate foreign trade in the face of U.S sanctions.
administrat0rComments Off on Iran approves anti-money laundering bill to ease foreign trade 5
A court in India set up under anti-money laundering laws declared liquor and aviation tycoon Vijay Mallya a “fugitive economic offender” on Saturday, paving the way for the government to seize his assets, according to Reuters partner ANI.
administrat0rComments Off on Court declares tycoon Vijay Mallya a ‘fugitive economic offender’ 5
All countries that were granted waivers from the United States to continue buying a certain amount of Iranian oil imports are complying with U.S. sanctions, a senior Iranian energy official said, noting that Tehran was hopeful to find new buyers.
administrat0rComments Off on Iran says despite U.S. sanctions, it has found new ‘potential’ oil buyers 4
California utility company PG&E Corp is exploring filing some or all of its business for bankruptcy protection as it faces billions of dollars in liabilities related to fatal wildfires in 2018 and 2017, people familiar with the matter said on Friday.
administrat0rComments Off on Exclusive: California utility PG&E explores bankruptcy filing – sources 5
President Donald Trump on Friday downplayed a revenue warning from Apple Inc that cited slowing sales in China and said China’s weakening economic growth puts the United States in a strong position as negotiators from the world’s two largest economies prepare for trade talks next week.
administrat0rComments Off on Trump says China woes help U.S. in trade talks, downplays Apple warning 5
Private equity firm Apollo Global Management LLC is working on an offer to acquire General Electric Co’s aircraft leasing operations, which are worth as much as $40 billion, people familiar with the matter said on Friday.
administrat0rComments Off on Buyout firm Apollo eyes deal for GE’s aircraft leasing unit – sources 5
Tesla Inc has asked the Trump administration to exempt the Chinese-made car computer “brain” of its new Model 3 sedan from 25 percent tariffs imposed in August, saying they threaten the electric carmaker’s bottom line.
administrat0rComments Off on Tesla urges tariff exemption for Chinese-made car computer ‘brain’ 5