EU warns Spain on budget as election nears
The European Commission warned Spain to scale back government overspending that is in violation of EU budget rules or risk an embarrassing reprimand ahead of December elections.
Brazil president reshuffles cabinet to avert disaster
Brazilian President Dilma Rousseff ordered a government reshuffle, axing eight ministries in what was announced as a cost-cutting measure but seemed aimed at ending political paralysis.
VW revs up recall plan, hunts for culprits in pollution scam
German auto giant Volkswagen shifted up a gear in its plans to recall millions of cars fitted with pollution-cheating software as it boosted efforts to find the masterminds behind the scam.
New CEO appointed at Kazmunaigas EP
Kurmangazy Iskaziev has been appointed the new General Director (CEO) of the Kazmunaigas Exploration and Production
29 September 2015 19:28
Yahoo to spin off Alibaba stake despite tax question
Yahoo notified US regulators that it is proceeding with plans to spin off its multi-billion-dollar stake in Alibaba despite the unanswered question of what the tax bill could be.
Tesla boss Musk calls for 'random emission' testing
Tesla chief executive Elon Musk called for fossil fuel-powered cars "to be tested at random," as German giant Volkswagen's worldwide pollution cheating scandal continues.
Why intervene with tenge free float?
Deputy Chairman of the National Bank of Kazakhstan Kuat Kozhakhmetov has commented on the recent interventions of the financial regulator.
25 September 2015 18:47
Porsche chief Mueller to take the wheel at VW: report
The head of German luxury sports car maker Porsche, Matthias Mueller, has been picked to succeed Martin Winterkorn as the chief executive of scandal-battered auto giant Volkswagen.