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VW board set to sign off on $4.3billion US diesel penalty

  Bloomberg Volkswagen AG’s supervisory board is set to sign off on a $4.3 billion settlement of US criminal and civil penalties for rigging diesel-powered cars to cheat on emissions tests, the latest step in the carmaker’s effort to resolve the scandal. The agreement with the US Department of Justice and customs authorities will include a guilty plea, Wolfsburg, Germany-based ...

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UK industrial output outpaces forecast

  Bloomberg UK industrial production rose more than economists forecast in November, led by a surge in oil and gas as a major North Sea field resumed operations. The 2.1 percent increase from October, the biggest in seven months, was more than double the 1 percent predicted by economists in a Bloomberg survey. Manufacturing also rose more than expected, by ...

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Venezuela GDP takes 10% hit: IMF

  Bloomberg Venezuelans have to navigate a labyrinth of lines to buy staples like sugar or aspirin. They’ve gotten used to finding that the store shelves are empty, a frustration that sometimes boils over into looting. So they don’t really need economic data to tell them that 2016 was a terrible year. Still, when and if the numbers do come ...

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