Carmaker's stock market value has fallen
Volkswagen has announced the resignation of its chief executive, Martin Winterkorn, and said the fallout from the diesel emissions test scandal would include more executive scalps and a likely criminal investigation in Germany. Winterkorn said on Wednesday that he took full responsibility for the scandal, in which the company admitted that 11 million cars were installed with a defeat device that reduced emissions under test conditions only. However,he denied personal wrongdoing. The company’s stock market value has fallen dramatically since the admission this week.
New Greek government sworn in
The new left-wing government of Greek Prime Minister Alexis Tsipras took office on Wednesday, with a set of returning ministers pledging to kickstart the country’s flagging economy. Tsipras kept the same team that negotiated Greece’s latest European Union bailout, but his administration now also has to address a burgeoning migration crisis. Tsipras had resigned in August after seven months in office when he lost his majority.
Toppled Burkina Faso president resumes power
Burkina Faso’s toppled interim President Michel Kafando resumed power on Wednesday after a week-long coup by renegade troops, who caved under pressure from regional powers and former colonial ruler, France. The West African country was plunged into a crisis last week when the powerful Regiment of Presidential Security detained the interim leaders who had been running the country since an uprising deposed iron-fisted president Blaise Compaore last October.
EU court opinion gives push to FB privacy campaign
A privacy campaigner has scored a legal victory that could bolster his attempts to prevent Facebook from being able to pass European Union citizens’ data to the US authorities. An opinion issued by the European Court of Justice says that current data-sharing rules between the 28-nation bloc and the US are invalid. The decision could affect other tech firms’ abilities to send Europeans' information to US data centres. However, it is not a final judgement.
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Volkswagen has announced the resignation of its chief executive, Martin Winterkorn, and said the fallout from the diesel emissions test scandal would include more executive scalps and a likely criminal investigation in Germany. Winterkorn said on Wednesday that he took full responsibility for the scandal, in which the company admitted that 11 million cars were installed with a defeat device that reduced emissions under test conditions only. However,he denied personal wrongdoing. The company’s stock market value has fallen dramatically since the admission this week.
New Greek government sworn in
The new left-wing government of Greek Prime Minister Alexis Tsipras took office on Wednesday, with a set of returning ministers pledging to kickstart the country’s flagging economy. Tsipras kept the same team that negotiated Greece’s latest European Union bailout, but his administration now also has to address a burgeoning migration crisis. Tsipras had resigned in August after seven months in office when he lost his majority.
Toppled Burkina Faso president resumes power
Burkina Faso’s toppled interim President Michel Kafando resumed power on Wednesday after a week-long coup by renegade troops, who caved under pressure from regional powers and former colonial ruler, France. The West African country was plunged into a crisis last week when the powerful Regiment of Presidential Security detained the interim leaders who had been running the country since an uprising deposed iron-fisted president Blaise Compaore last October.
EU court opinion gives push to FB privacy campaign
A privacy campaigner has scored a legal victory that could bolster his attempts to prevent Facebook from being able to pass European Union citizens’ data to the US authorities. An opinion issued by the European Court of Justice says that current data-sharing rules between the 28-nation bloc and the US are invalid. The decision could affect other tech firms’ abilities to send Europeans' information to US data centres. However, it is not a final judgement.
