Bloomberg Crypto traders reeling from a week of losses are getting a soothing message from the European Union. Finance ministers gathering in Vienna agreed that they won’t rush with steps to further regulate the market, and that they’ll wait for the outcome of a thorough analysis by European authorities before deciding on any steps, according to officials involved in the ...

Bloomberg Volkswagen AG’s bill for cheating on diesel emissions could potentially top $35 billion as a legal battle with thousands of investors heats up in the German carmaker’s own backyard. A court in the town of Braunschweig, just over 20 miles from VW’s Wolfsburg headquarters, has scheduled a series of hearings starting on September 10 in a case combining claims ...

Bloomberg Elon Musk made a series of internal promotions to rebuild Tesla Inc.’s senior management team and downplayed media coverage of the electric-car maker, assuring employees that production and deliveries are surging. The chief executive officer filled the voids left by departing heads of human resources and communications and elevated Jerome Guillen to president of automotive operations. While Musk stopped ...