Top German court grants buybacks for VW diesel car owners
A top German court ruled Monday that Volkswagen must buy back a diesel car it modified to appear less polluting, a decision that could influence the outcome of tens of…
Business
Virus-hit Hertz declares bankruptcy in US and Canada
Global car rental company Hertz became the latest economic casualty of the coronavirus pandemic Friday, filing for bankruptcy in the US and Canada after more than a century in business.…
This Man Will Decide the Fate of Millions of U.K. Jobs Next Week
Rishi Sunak faces one of the toughest decisions of his four months as Britain’s Chancellor of the Exchequer, with the livelihoods of millions dependent on his next move. After taking…
2020 list of UK’s richest shows first fall in wealth in decade
Britain’s wealthiest people have lost tens of billions of pounds in the coronavirus pandemic as their combined annual wealth fell for the first time in a decade, the Sunday Times…
Oil Crash Couldn’t Have Come at a Better Time for India’s Rupee
There are very few positives for India’s rupee at the moment, the plunge in crude oil prices is a major one. Cheaper oil could translate into $40 billion of savings for India,…
Revealed: How an email from a Turkish T-shirt salesman led to a PPE fiasco
It began with an emailed offer of help from a T-shirt salesman in Turkey who promised that he could help solve the UK’s worsening personal protective equipment (PPE) crisis. Little…
U.K. Plc Issued More Profit Warnings in 1Q Than in All 2008: EY
Over a fifth of the U.K.’s listed companies issued a profit warning in the first quarter of 2020, compared with 17% in the full year of 2008, according to a…
Crisis-hit oil market in frantic hunt for storage
The oil market, rocked by crisis this week as prices plunged below zero on rampant oversupply and demand-destroying coronavirus, faces the critical problem of where to store surplus crude. “To…
Ten years after huge US oil spill, fears of offshore drilling persist
On April 20, 2010, the explosion of BP’s Deepwater Horizon drilling platform claimed the lives of 11 workers and unleashed a torrent of more than four million barrels of oil…
Coronavirus: Government loans not reaching businesses
Around one in three British businesses have furloughed at least 75% of their workforce due to the coronavirus crisis, according to a new survey. The British Chamber of Commerce (BCC)…
