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Former VW boss 'charged' in US over dieselgate

The former chief executive of Volkswagen (VW) Martin Winterkorn has been charged in the US in connection with the so-called ‘dieselgate’ emissions scandal. According to documents filed in a district court in Detroit, he and a number of other executives are accused of misleading regulators. They allege Mr Winterkorn …

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Flu season helps leave Smith & Nephew cold

With the population ageing in most rich countries round the world, these should in theory be bumper times for Smith & Nephew, Europe’s largest maker of artificial knees, shoulders and hips. Unfortunately, the company – a member of the FTSE-100 since July 2001 – has today disappointed investors, warning …

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What are the advantages of buying a Home Based Franchise?

Home based franchises Franchises come in a wide variety of shapes and sizes. From large restaurants and fast food outlets that require multiple staff and specially designed premises to small businesses that can be run from a home office or van, there are franchises available to suit all entrepreneurs …

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Thousands of fake goods seized in online crackdown

The “largest ever” European policing operation has led to 20,000 packages of counterfeit goods being seized as police shut a network of illegal shops operating from social media platforms. Known by the code name Operation Aphrodite, the crackdown involved Europol and the Italian Guardia di Finanza (GdF), alongside authorities …

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US officials in China talks amid trade war fears

Leading Trump administration officials have arrived in China for talks aimed at defusing tensions that threaten to plunge the world’s two biggest economies into a damaging trade war. Treasury Secretary Steven Mnuchin and Commerce Secretary Wilbur Ross are leading the delegation which Mr Trump said was “trying to negotiate …

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Cambridge Analytica probe to continue despite collapse

Regulators will pursue an investigation into Cambridge Analytica despite the data firm announcing its collapse. The Information Commissioner’s Office (ICO), which has been looking into the British firm’s handling of data harvested from millions of Facebook users, and raided its offices in March, said the inquiry would continue. Cambridge …

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Tesla shares fall as Musk calls analyst 'boring bonehead'

Tesla shares plummeted after CEO Elon Musk called an analyst a “boring bonehead” as he answered questions about a record net loss. Shares fell 5% – about £1.8bn – in after-hours trading in the seconds after the electric car company chief dismissed Bernstein analyst Tony Sacconaghi’s question about capital …

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Facebook data breach firm 'ceasing all operations'

Cambridge Analytica, the political consultancy at the centre of the Facebook data row, has announced it is “ceasing all operations” and declaring bankruptcy.. The British company said it had been “the subject of numerous unfounded accusations” and was “vilified for activities that are not only legal, but also widely …

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