Prosecutors widen ‘dieselgate’ probe net to VW chairman

  Frankfurt / AFP German prosecutors probing whether Volkswagen executives manipulated the markets in the wake of the “dieselgate” scandal have widened their investigation to include the chairman of the group’s supervisory board, the auto giant said on Sunday. “The proceedings refer to the period during which (chairman) Hans Dieter Poetsch served as the group chief financial officer,” VW said ...

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Microsoft, Dell, Salesforce start buying into WeWork offices

  Bloomberg WeWork Cos. built its brand on the hustling energy of small startups, but the company is finding that boring corporate giants may be finally ready to embrace the idea of renting a desk next to a stranger. In the last year, WeWork has established a new team that caters to the needs of large companies. The New York ...

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Tight US job market delivers as pay accelerates

  Bloomberg Millions of Americans have gone back to work since the last recession. Now they’re finally getting some decent pay raises. Average hourly earnings of workers climbed 2.8 percent in October from a year earlier, the fastest pace in seven years, Labor Department figures showed Friday in Washington. Rising wages are encouraging people to look for greener pastures: Among ...

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Tesco Bank blocks credit cards after fraud complaints

  Bloomberg Tesco Bank, the lending arm of the UK grocery chain, blocked some of its customers’ cards after receiving complaints of as much as 600 pounds ($750) being taken from accounts fraudulently. Fraud prevention systems identified suspicious activity on Saturday, the bank said. As a precautionary measure it blocked some customer cards and sent text messages to notify those ...

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What to watch for on USA’s election night

  Tuesday evening, after Election Day’s tranquillity, new clamours will erupt as analysts with agendas tickle portents and lessons from the torrent of election returns. Herewith some developments to watch. In the 17 elections since World War II, the winner has averaged 385.4 electoral votes, the loser 145.1. In six elections (1952, 1956, 1964, 1972, 1980, 1984), a major-party candidate ...

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Clinton must prepare now for her next war

If Hillary Clinton wins the presidential election on Tuesday, she will be under no illusions about what awaits. Even if Donald Trump is defeated, the political party that nurtured his dangerous ambition will not be. (And Trump may never concede defeat in any case.) Barack Obama was elected president in 2008 amid waves of euphoria. By the night of his ...

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Tackling homelessness can help Medicaid save money

  In a growing number of states, Medicaid directors have come to believe they could save money by housing the homeless. The federal government is providing money to find out if they’re right. There’s good reason to think this is an experiment worth trying. The idea arose from two developments. First, Obamacare’s drastic expansion of eligibility for Medicaid coverage has ...

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UAE’s carbon capture project commendable

  The UAE is stepping up use of innovative technologies to bring about reduction in its carbon footprint. On Saturday, it started a carbon capture, utilization and storage (CCUS) project that will take out 800,000 metric tons of carbon dioxide annually. The technology will not just capture CO2, but also enhance oil recovery and liberate gas. This facility is one ...

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High Court doesn’t care if the people want Brexit

  Striking a blow against popular sovereignty by referendum, the U.K. High Court of Justice held on Thursday that Britain can’t leave the European Union without an act of Parliament. Because British constitutional thought is so different from its U.S. and European equivalents, the decision will be difficult for the U.K.’s Supreme Court to overturn. It’s now much more likely ...

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Anonymous trolls are what’s crippling Twitter

I love Twitter. I use it every day. I’ve made a number of friends using the service, and often have interesting exchanges with an even larger number of colleagues and smart people. It has been essential to my career; it’s hard to imagine doing my job without Twitter or some similar tool for connecting with the public. But Twitter Inc. ...

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