newszine

VW embarks on $50 billion electrification plan

55 mins ago DieselGasoil Comments Off on VW embarks on $50 billion electrification plan
WOLFSBURG, Germany (Reuters) – Volkswagen (VOWG_p.DE) plans to spend 44 billion euros ($50 billion) on electric cars, autonomous driving and new mobility services by 2023 and explore closer cooperation with Ford, the German company said on Friday. FILE PHOTO: Volkswagen e-Golf electric car and charging station are seen during the motor show in Riga, Latvia Read More

China's U-turn on market curbs brings back the speculators

12 hours ago DieselGasoil Comments Off on China's U-turn on market curbs brings back the speculators
SHANGHAI (Reuters) – Speculators are staging a forceful comeback in China’s stock market, bidding up shares in loss-making companies as regulators ease rules around trading, fundraising and backdoor listings to prop up struggling bourses. FILE PHOTO: Investors look at computer screens showing stock information on the first trading day after the New Year holiday at Read More

Goldman CEO 'personally outraged' by Malaysia's 1MDB corruption scandal

19 hours ago DieselGasoil Comments Off on Goldman CEO 'personally outraged' by Malaysia's 1MDB corruption scandal
(Reuters) – Goldman Sachs Group Inc (GS.N) Chief Executive Officer David Solomon has told employees he is “personally outraged” that any of the bank’s officials would take the actions laid out in U.S. government charges of fraud involving Malaysia’s state controlled investment bank, 1MDB. FILE PHOTO: David Solomon, CEO of Goldman Sachs, at the Bloomberg Read More

‘The tongue kills like a knife’: Pope Francis equates gossiping with terrorism

2 days ago DieselGasoil Comments Off on ‘The tongue kills like a knife’: Pope Francis equates gossiping with terrorism
In a strongly worded warning, Pope Francis decried gossip as a form of “terrorism” which ruins reputations, and said that fake news is a modern day scourge of the church faithful. During his Wednesday address to the general public in St. Peter’s Square, the Pope explored the eighth commandment, “Thou shalt not bear false witness Read More

Goldman Sachs bankers 'cheated' Malaysia over 1MDB: PM Mahathir

3 days ago DieselGasoil Comments Off on Goldman Sachs bankers 'cheated' Malaysia over 1MDB: PM Mahathir
KUALA LUMPUR (Reuters) – Bankers at Goldman Sachs Group Inc (GS.N) “cheated” Malaysia in dealings with state fund 1MDB, Prime Minister Mahathir Mohamad said, amid growing calls in the country for more aggressive steps to recoup fees earned by the bank. FILE PHOTO: Malaysian Prime Minister Mahathir Mohamad gives a speech at Chulalongkorn University, in Read More

Student beats up, attempts to strangle teacher as French school violence hits headlines again

4 days ago DieselGasoil Comments Off on Student beats up, attempts to strangle teacher as French school violence hits headlines again
Just as France calmed down after the case of a student threatening a teacher with a ‘gun’ in class went viral, another scandal has hit the suburbs of Paris after a student beat and attempted to strangle his teacher at a school. The violent incident took place at a vocational high school in the Bezons Read More

French school saga continues: Another student indicted for beating, trying to strangle teacher

4 days ago DieselGasoil Comments Off on French school saga continues: Another student indicted for beating, trying to strangle teacher
Just as France calmed down after the case of a student threatening a teacher with a ‘gun’ in class went viral, another scandal has hit the suburbs of Paris after a student beat and attempted to strangle his teacher at a school. The violent incident took place at a vocational high school in the Bezons Read More

VW could build up to 50 million electric cars: Automotive News

4 days ago DieselGasoil Comments Off on VW could build up to 50 million electric cars: Automotive News
FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) could build up to 50 million electric cars on its new electric vehicle platform and is looking at expanding its manufacturing footprint in the United States, Chief Executive Herbert Diess told Automotive News. FILE PHOTO: Herbert Diess, Volkswagen’s new CEO, poses during the Volkswagen Group’s annual general meeting in Berlin, Read More

‘Europe will be white’: Polish leaders sanction massive far-right march in Warsaw

5 days ago DieselGasoil Comments Off on ‘Europe will be white’: Polish leaders sanction massive far-right march in Warsaw
Government officials have agreed to conduct a joint march with far-right organizations to commemorate Poland’s Independence Day, raising concerns that the ruling Law and Justice party is legitimizing fascist viewpoints. Since 2009, the celebration of Polish Independence Day has become a rallying point for far-right organizations from all over Europe, some of which openly describe Read More

Japan's corporate image hit by falsification scandal: poll

1 week ago DieselGasoil Comments Off on Japan's corporate image hit by falsification scandal: poll
FILE PHOTO – People cross a street in a business district in Tokyo, Japan, February 16, 2016. REUTERS/Thomas Peter TOKYO (Reuters) – Almost three-quarters of Japanese firms said the recent data falsification scandal involving KYB Corp, a maker of earthquake shock absorbers, has hurt Japan’s corporate image, a Reuters poll found, although few saw any Read More