the company s finances and restore its competitiveness. 11,000 jobs are going to be slashed over the next three years, in a bid to simplfliy the business. that amounts to more than a 10th of vodafone s global workforce, and will affect its firm s uk headquarters and other cities. the company had already outlined plans to cutjobs in germany and italy. the european union says it has adopted the world s first comprehensive set of rules regulating cryptoassets. firms dealing in encrypted digital currency will now have to be authorised by the eu. they ll also have to comply with regulations on money and the financing of terrorism. crucially, transfers of cryptoassets are now to be traced in the same way as traditional financial transactions. the ex boss of audi rupert stadler has made a confession about his role in the vw diesel scandal. this makes him the first former vw board member to plead guilty to knowing about the illegal software being used to cheat on vw diesel emissions tests.