VW ex-boss denies prior knowledge of pollution cheating
Former Volkswagen boss Martin Winterkorn said Thursday that he did not know the beleaguered German auto giant was engaging in systematic emissions cheating until shortly before the scam broke. Winterkorn told a parliamentary committee into the "dieselgate" scandal that "total clarity was and is the order of the day", and that he was still trying to understand how the scandal could have happened. The 69-year-old resigned in September 2015, days after the VW group admitted it had installed software in 11 million diesel vehicles worldwide to dupe emissions tests and make the cars seem less polluting than they were.
PM May urges firms to end short-term thinking, show global leadership
DAVOS, Switzerland (Reuters) - Multinational businesses must avoid short-term thinking and show leadership to help restore faith in globalisation among citizens who feel left behind by the pace of economic change, British Prime Minister Theresa May said on Thursday. May said businesses must put aside short-term considerations and invest in people and communities for the long term. ...
Alibaba's Ma: Olympics deal will help fight counterfeiting
Monet, modern classics headline 1st show at German museum
POTSDAM, Germany (AP) ? Some of Claude Monet's water lily paintings are among the impressionist and modern art works going on show at a faithfully reconstructed 18th century town house in Potsdam, just outside Berlin.
U.S housing starts surge in December; jobless claims near 43-year low
U.S. homebuilding rebounded more than expected in December as a strengthening economy boosts demand for rental housing. Other data on Thursday showed the number of Americans filing for unemployment benefits unexpectedly falling last week to a near 43-year low, pointing to a further tightening in the labor market that should underpin economic growth this year. Housing starts jumped 11.3 percent to a seasonally adjusted annual rate of 1.23 million units last month, the Commerce Department said.
Trump team formally announces Perdue as agriculture pick
WASHINGTON (Reuters) - U.S. President-elect Donald Trump on Thursday officially announced Sonny Perdue as his choice for secretary of agriculture, selecting a former Georgia governor over candidates from the Midwest, which dominates agriculture exports. The nomination of Perdue, who served on Trump's agricultural advisory committee during his presidential campaign, must be confirmed by the Republican-led Senate. (Reporting by Susan Heavey, David Alexander and Doina Chiacu; Editing by Chizu Nomiyama)
How to dig out from December's debt
The Latest: Perry says climate is changing, partly man-made
The Latest on Congress (all times EST): 9:25 a.m. Rick Perry says he believes the climate is changing ? and that some change is naturally occurring, and some is man-made. The former Texas governor is Donald ...
Judge Reinhold pleads no contest in Dallas airport disputeDALLAS (AP) ? Actor Judge Reinhold has pleaded no contest to misdemeanor disorderly conduct in an airport security dispute at Dallas Love Field.
Saudi Arabia says compliance to oil output cut 'very strong'