Business

Dominance, data, disinformation: Europe's fight with Big Tech

The European Commission, which said Wednesday that Google had abused its online ad dominance, has taken the fight to US tech giants on a variety of fronts—from tax avoidance, disinformation and hate speech to data privacy ...

Business

Coronavirus sales slump plunges VW into loss

German carmaker Volkswagen on Thursday reported a pre-tax loss of 1.4 billion euros ($1.6 billion) for the first half of 2020 after the coronavirus pandemic sent sales plummeting.

Automotive

Costly 'dieselgate' chokes Daimler results in 2019

German auto giant Daimler warned Wednesday that its 2019 earnings could fall short of expectations due to massive new charges over diesel emissions cheating, further clouding the outlook for the vital car sector as a whole.

Automotive

Volkswagen sets Porsche IPO at up to 9.4 billion euros

Volkswagen has set the price range for the multibillion-euro sale of a minority stake in luxury brand Porsche as it prepares an initial public offering to fund VW's investments in new technologies and businesses including ...

Philips sees hit from product safety fault

Dutch firm Philips said Monday it anticipates a hit of up to 250 million euros ($302 million) from a possible safety risk in some sleep and respiratory care products, even as first quarter profits edged higher.

Business

CEO of scandal-hit Wirecard resigns

The founder and chief executive of scandal-hit Wirecard resigned on Friday after the German payments provider was hit with fresh fraud allegations that have left it struggling for survival.

Automotive

Volkswagen sees sales slump in China, vows rebound this year

Volkswagen profits fell 30% in the first three months of the year despite booming business in Europe and North America because sales dropped in China, where the German automaker is facing increasing competition from homegrown ...

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