Volkswagen scandal will not hurt German industry reputation, says Merkel
In September 2015, the US Environmental Protection Agency found that Volkswagen had violated the Clean Air Act by circumventing environmental regulations illegally, i.e. cheating...
Teesside Steelworks owner SSI UK enters liquidation
The owner of Teesside Steelworks, SSI UK, entered liquidation today after announcing that it can no longer financially support its UK subsidiary after MPs...
Chinese factory activity beat expectations in September
Chinese factory activity beat expectations in September, picking up more than forecast, according to official government manufacturing data, but it still contracted for the...
UK mortgage lending is on the rise
Mortgage lending in the UK is on the rise. In August lenders approved the greatest number mortgages in over a year and a half.
According...
Companies should be more open about climate change footprint, says Carney
The governor of the Bank of England, Mark Carney, said that companies across the world need to be more transparent about their “climate change...
Starbucks raising UK minimum wage to £7.20 an hour
Starbucks announced that it will be raising the minimum wage for its employees in the UK to 7.20 pounds ($10.92) an hour in April...
North Sea cod removed from UK danger list
The UK Marine Conservation Society's (MCS) has removed North Sea cod off its list of fish to avoid eating.
Strict catch controls were introduced in...
George Osborne praised in China for focusing on business relations
Chancellor George Osborne is being praised in China for not focusing on human rights in his visit to Xinjiang. Instead, he has strictly focused on improving...
Calpers appoints Ted Eliopoulos as Chief Investment Officer
The California Public Employees' Retirement System (Calpers) has appointed Ted Eliopoulos as its new Chief Investment Officer (CIO). A chief investment officer is a board-level...
President Xi wants to strengthen China-US business relations
Chinese President Xi Jinping said that he will do what it takes to strengthen the business relations between China and the US.
Xi told 30 corporate leaders...