Business & Finance

VW loses landmark German case as diesel owners stand to receive damages

VW loses landmark German case as diesel owners stand to receive damages

Germany’s highest court for civil disputes ruled on Monday that those who purchased the vehicles in question are entitled in principle to receive damages. KARLSRUHE:...

Slump in consumption, exports push Germany into recession in first quarter

Slump in consumption, exports push Germany into recession in first quarter

The Federal Statistics Office said capital investments fell by 6.9%, private consumption by 3.2% and exports by 3.1% between January and March compared with...

Cleaning crews ready for reopening in post-pandemic US

Cleaning crews ready for reopening in post-pandemic US

In the post-pandemic world, cleaning is a serious business. Rather than a simple dusting, businesses will need deep cleaning several times a day to...

China’s Great Wall expects mild domestic auto sales growth in second half

China’s Great Wall expects mild domestic auto sales growth in second half

Great Wall will roll out electric models as well as gasoline-electric hybrid and plug-in hybrid models. BEIJING: Great Wall Motor expects China’s overall auto sales...

Dollar edges higher as Hong Kong tensions fuel safe-haven demand

Dollar edges higher as Hong Kong tensions fuel safe-haven demand

The dollar traded at $1.0904 against the euro on Monday in Asia, close to its strongest in a week. TOKYO: The dollar edged higher on...

Oil falls as U.S.-China tensions take toll

Oil falls as U.S.-China tensions take toll

Brent was down 19 cents, or 0.5%, at $34.94 a barrel by 0152 GMT. U.S. oil was down by 6 cents, or 0.2%, at...

Asian shares reverse early gains, eyes on China-U.S. trade relations

Asian shares reverse early gains, eyes on China-U.S. trade relations

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.1% after starting higher with China’s blue-chip CSI300 index down 0.2%. Hong Kong’s HSI index...

Iraqi, Saudi energy ministers say committed to output cuts

Iraqi, Saudi energy ministers say committed to output cuts

Both sides said they were satisfied with improving oil market conditions, the agency added. Saudi news channel Al Arabiya reported that Iraq had agreed...

Maruti Suzuki employee at northern Indian plant tests positive for COVID-19

Maruti Suzuki employee at northern Indian plant tests positive for COVID-19

"All employees who possibly could have come in contact have been advised to stay in home isolation."  The car maker has plants in Gurugram...

LESCO detects 39 tampered meters

LESCO detects 39 tampered meters

The Lahore Electric Supply Company (LESCO) detected tampering in 39 electricity meters out of a total of 2008 inspected in the Northern circle under the...

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