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VW officials destroyed e-mails, files as diesel scheme unravelled

  Bloomberg Volkswagen AG’s nearly decade-old plot to cheat US emissions tests — all while marketing its diesel cars as environmentally friendly — was quickly unraveling by 2015. A campaign to mislead regulators was failing so badly that top executives signed off on a script for employees to use when questioned. It didn’t work. The next day, August 19, 2015, ...

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Brazil surprises with deep rate cut, signals new easing pace

  Bloomberg Brazil slashed its benchmark interest rate in a surprisingly aggressive move, as policy makers ratcheted up their efforts to jumpstart the country’s shrinking economy. The central bank board, led by President Ilan Goldfajn, unanimously voted on Wednesday to lower the benchmark Selic rate by three quarters of a point to 13 percent — a move that was predicted ...

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Data suggests Brexit failed to knock tech investment in UK

  Bloomberg UK tech companies raised more capital than any other European country in 2016, while SoftBank Group Corp.’s acquisition of ARM helped Britain achieve a record year for tech deals, according to a survey conducted by the UK capital’s promotional company, London & Partners. The report, which was based on data compiled by research firm PitchBook Data, showed that ...

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