Unconstitutional. Hawaii. Now for the latest Financial News with jamie and World Business report. Clearing the air. Volkswagen to plead guilty to us fraud charges as it tries to put dieselgate behind it. Plus, we send a trillion a day but could social media soon consign them to the recycle bin . We celebrate 25 years of the Email Attachment. Welcome to World Business report. We start in detroit in the usa, where in a few hours time volkswagen is due to plead guilty to charges of fraud and Obstruction Ofjustice by cheating diesel emissions tests. The formal plea will draw a line under the us side of the scandal, following a plea bargain reached in january. But its far from over. Lets just remind you of the details. It follows a plea bargain reached in january. But it is far from over. Vw has admitted 11 million vehicles worldwide had software installed to beat Regulators Checks on emissions. In some cases they were up to a0 times higher than the us legal limit. So far thats led to aroun
Forseen the god made the comments in paris at a gathering. Of ministers in france washington is accusing beijing of backsliding on its commitment to head off an expected trade deal this week slapping new tariffs on chinese goods just as a trade deal looked likely more uncertainty markets were bullied by news that a chinese delegation would be headed To Washington for a final round of trade talks but then the u. S. Side revealed why President Trump had increased tariffs on billions of dollars worth of chinese goods accusing beijing of bad faith for the stewards of the World Economy the stakes could not be higher in paris i. M. F. Chief christine like out issued a stark warning she said clearly that tensions between the United States and china are the threat for the World Economy and frances Finance Minister said the uncertainty could be felt around the world. Global
growth is slowing down and the first reason why Global Growth is slowing is the risk of Trade War Two of these could do co
The head of the International Monetary fund has been urging the United States and china to set aside their differences on trade was in the god made the comments in paris at a gathering. Of ministers in france washington is accusing beijing of backsliding on its commitment to head off an expected trade deal this week slapping new tariffs on chinese goods just as a trade deal looked likely more uncertainty markets were bullied by news that a chinese delegation would be headed To Washington for a final round of trade talks but then the u. S. Side revealed why President Trump had increased tariffs on billions of Dollars Worth of chinese goods accusing beijing of bad faith for the stewards of the World Economy the stakes could not be higher in paris i. M. F. Chief Christine Legarde issued a stark warning she said clearly that tensions between the United States and china are the threat for the World Economy and frances Finance Minister said the
uncertainty could be felt around the world. Glo
Former Audi CEO, Rupert Stadler, was given a suspended sentence and fine in a German court for his involvement in the 2015 emissions-cheating scandal that rocked the car industry. Stadler was given a one-year, nine-month suspended sentence and ordered to pay a USD 1.2m fine after he pleaded guilty to fraud by negligence.
In 2019, the automaker was ordered to pay $800 million in civil penalties over diesel emissions 'defeat devices.' The new fine is part of the criminal case.