Standard Chartered ‘to cut 1,000 jobs’
Craig TaylorStandard Chartered bank, the London-based lender that makes most of its profit in Asia, could cut up to 1,000 senior jobs, according to a memo sent to staff. BBC News – Business
Business
VW’s US boss offers ‘sincere apology’
Volkswagen’s US boss makes a “sincere apology” to US lawmakers for installing “defeat devices” to cheat emissions tests on its diesel cars. BBC News – Business
Tesco sees new fall in profits
Troubled supermarket Tesco has announced a further big fall in profits as it struggles to turn its business around. BBC News – Business
Councils ‘to keep all business rates’
Chancellor George Osborne says local councils across England will be able to keep all proceeds from business rates. BBC News – Business
Merkel: VW scandal won’t harm Germany
The Volkswagen emissions scandal was a “dramatic event” but would not inflict lasting damage on Germany’s reputation, Angela Merkel says. BBC News – Business
Putting car emissions to the test
Are you likely to get the same performance from your car as the lab tests suggest? BBC News – Business