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  Bloomberg Volkswagen AG’s plot to cheat emissions tests by installing so-called defeat devices in its vehicles wasn’t limited to diesel cars, but also included at least six models of Audi 3.0-liter gasoline engines, according to a consumer lawsuit. In a class action on behalf of owners of more than 100,000 vehicles, the German carmaker’s Audi unit was accused of ...

  Bloomberg You might not be able to solve Rubik’s cube, but now you can make one. The multicolored puzzle that’s kept small and big hands busy since the 1970s lost the final round in a fight to hold on to a European Union trademark protection. EU trademark law seeks to prevent a company getting “a monopoly on technical solutions ...

Bloomberg The UK’s chief statistician said a measure of inflation including housing will become the favored gauge of consumer prices from March. CPIH — the consumer prices index including owner-occupiers’ housing costs — will be the “preferred measure” of inflation for the Office for National Statistics. Switching to the new index will address several flaws and limitations in alternative price ...

  Reuters Egyptian stocks jumped in record volumes on Thursday, driven by signs that hard currency was flowing into the country after last week’s pound devaluation, while Saudi Arabia’s index extended recent gains. Egypt’s blue chip index surged 4.5 percent, bringing its gains since the currency was floated last Thursday to 25 percent. The broader EGX 100 index was up ...

  London / AFP World stock markets rallied further on Thursday, with Tokyo surging almost seven percent, on hopes Donald Trump’s plan to kickstart the US economy will succeed following his shock presidential election victory. The dollar firmed after sliding Wednesday on worries that uncertainty over Trump’s policies would cause the Federal Reserve to hold off an interest rate rise. ...

Bloomberg In a bold move against corruption and unaccounted wealth, Prime Minister Narendra Modi has acted to arrest the drift in his popularity and place constraints on election funding, which will benefit him in crucial state elections next year. But Modi’s late-night announcement of a crack down on unaccounted wealth through the withdrawal of high-denomination bank notes left Indians with ...

  Bloomberg Japanese lawmakers are revisiting a plan to build a $6.7 billion natural gas pipeline from Russia ahead of a visit by President Vladimir Putin to the Asian country next month. A group of about 80 lawmakers from ruling parties will ask the government by the end of this month to carry out a feasibility study on the project, ...

  Bloomberg China Evergrande Group, the country’s largest property developer, increa- sed its stake in rival China Vanke Co., renewing concerns about a potential battle for control. The Guangzhou-based developer bought 161.9 million Shenzhen-listed Vanke shares between Aug. 16 to Nov. 9, Evergrande said in a filing to Hong Kong’s stock exchange after the close of trading on Wednesday, boosting ...

  Bloomberg The standoff between Tata Group’s patriarch and his estranged successor intensified in India’s biggest feud since a quarrel between the billionaire Ambani brothers broke out more than a decade ago. The Ratan Tata-led camp, which last month ousted Cyrus Mistry as chairman of the nation’s largest conglomerate, on Wednesday took steps to muscle Mistry out of the group’s ...

  Bloomberg Imax on Thursday said it has raised $50 million for a virtual reality fund, working with strategic investors to create at least 25 interactive VR content “experiences” over the next three years for the local mall and multiplex. The giant screen exhibitor is already working with tech developer Starbreeze on its VR content, using the Swedish company’s headsets ...