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Ex-Audi boss pleads guilty in German 'dieselgate' trial
Ex-Audi boss pleads guilty in German 'dieselgate' trial
by  AFP

Ex-Audi CEO Rupert Stadler pleaded guilty at his "dieselgate" fraud trial in Germany on Tuesday, becoming the highest-ranking former executive to make a confession in the emissions cheating scandal that rocked the car industry. The "dieselgate" saga shocked Germany and is seen as the country's biggest post-war industrial scandal.

Wells Fargo to pay $1 bn to settle shareholder class action
Wells Fargo to pay $1 bn to settle shareholder class action
by  AFP

US bank Wells Fargo has agreed to pay $1 billion to settle a class action lawsuit by shareholders who accused it of not having changed its management and practices quickly enough after a series of scandals. Since 2016, Wells Fargo has paid billions in settlements and financial penalties related to its business practices. tu/mtp/dan

China economic data for April miss expectations as demand cools
China economic data for April miss expectations as demand cools
by  AFP

China's economic data for April missed expectations last month, official figures showed Tuesday, as low demand and high youth unemployment led to a patchy recovery after lifting strict Covid rules. Low domestic demand despite low inflation has slowed China's economic recovery.

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