Sharjah / Emirates Business Al Yousuf Motors LLC, the authorised dealers of YAMAHA products ranging from motorcycles to boats to personal water crafts, has announced that it is sponsoring Champion water vehicle racer Ali Mohamed Yousef Al Lanjawi of the UAE for all his future competitions and challenges. As part of the sponsorship engagement, Al Yousuf Motors, YAMAHA will …

  Beijing / Bloomberg Mitsubishi Motors Corp. admitted to manipulating test data involving 625,000 vehicles in order to improve fuel-economy claims. The affected models include those supplied to Nissan Motor Co., which discovered the manipulation, according to a statement by Mitsubishi Motors. The two companies are discussing compensation and Mitsubishi is also checking whether the cheating affected overseas models. Mitsubishi …

  Sydney / AFP Australia on Wednesday boosted funding to the corporate regulator by Aus$127.2 million (US$99 million) and appointed a special prosecutor to investigate financial crime, in sweeping reforms prompted by public outrage over numerous bank scandals. The nation’s major banks — which regularly rake in multi-billion-dollar profits — have been under scrutiny following a series of consumer fraud …