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Mr Horn said he first learned VW’s diesel cars had issues with dirty emissions in 2014, but said he was unaware of the cheating software until a day before the scheme was publicly revealed last month.

There are other geopolitical developments that have also contributed to the price spike, with market participants rebuilding an oil-price risk premium attached to potential production shortages in the Middle East.

Beer brewers Anheuser-Busch InBev and SABMiller said Tuesday they have agreed “in principle” on the terms of the Belgian-headquartered firm’s offer for the British-South African company.

Communist Party authorities have waged a much-publicised campaign against endemic graft since Mr Xi ascended to the organisation’s leadership two years ago.

The experimental drug, evacetrapib, belongs to a developing class of drugs called cholesterol ester transfer protein (CETP) inhibitors.

The latest development comes after VW admitted that 11 million of its diesel vehicles worldwide were fitted with defeat device software which conned testers into believing their vehicles met environmental standards. Owners will be contacted after the company has issued licence...

Payments processing specialist Worldpay today became the biggest flotation in the City this year when it listed on the London Stock Exchange at a value of £4.8 billion.

Consolidated net profit in July-September rose to Rs 3,398 crore compared with Rs 3,096 crore in the year-ago period, the company said in a statement.

The ship is now under construction and the announcement was made by CEO Frank Del Rio during the CruiseWorld China summit in Shanghai.

U.S. West Texas Intermediate (WTI) crude futures were trading at $49.79 per barrel at 0008 GMT, up 16 cents from their last settlement.

The three DNA experts will share the prize as well as the $960,000 provided to the winners.

OnePlus on Monday announced its strategic partnership with Foxconn to start local manufacturing of its smartphones in India. “India is one of our biggest markets worldwide and we are committed to a long-term sustainable growth path”, Lau said. India is expected to...

The fire was reported at a chemical warehouse in the Beichen district of the city at 9.46 pm on Monday night, the state-run Xinhua news agency reported.

How about that awkward moment when Swedish police mistake a club of bearded charity workers who were posing for a photo with a black flag as Islamic State militants.

In CPI data, core inflation witnessed a pick-up to 4.3% in September from 4.1% in August.