Investigators in Japan raided a Mitsubishi factory on Thursday after the company was “outed” by Nissan for tampering with fuel-economy test data. The discovery could be pricey for Mitsubishi — which, in the shadow of the Volkswagen dieselgate scandal, faces hefty fines and other costs.
Author: Jan Lee
Only days before the deadline, Volkswagen AG and the U.S. government reached a partial settlement on the “dieselgate” emissions scandal. But the news isn’t so good across the pond.
Goldman Sachs agreed to pay $5.1 billion in penalties for its part in the mortgage crisis that led to the 2008 recession — except it won’t, really. With good behavior and negotiated benefits, Goldman Sachs’ penalty for deceiving investors in one of Wall Street’s greatest scandals will likely be at least a $1 billion less.
Israel, a leader in technology development, says it’s on track to save $8 billion from carbon emissions reductions. The Israeli cabinet has unanimously approved the country’s 2030 targets, with sweeping calls for more tech funding and small-business support. Environmental advocates say that will be great — once the government inks it in stone with a finalized budget.
The controversial Panama Papers leaked the names of government officials, celebrities and multinational companies using offshore tax havens to stash away undisclosed funds. As the dust settles, the European Commission is tightening its tax disclosure laws.
Last week, Bangladeshi police opened fire on a crowd of people protesting two new coal plants, killing four demonstrators. The gruesome act prompts questions about not only the country’s police force, but also its plans to expand local energy grids.
Class-action suits against Volkswagen seem to be anything but news these days. With more than 400 litigations now in court, coming up with a new reason to sue the embattled car manufacturer may be difficult. But a family-owned dealership has a new twist to its complaint, which was launched in Illinois on Wednesday.
Last week’s three-fold amicus curiae submission to the U.S. Appeals Court included supporters from Congress, the tech, insurance and food industries, and plenty of renewable energy advocates.
Tesla Motors is due to unveil a peek of its new Tesla 3 this week (anticipated date is March 31). Autonomous driving, self-parking and 200 miles of capability between charges are some of the draws of the new car, but none stack up to its price-tag: $35,000 pre-incentives.
Reductions in water usage, a drop in emissions and bolder goals are among the highlights of Monsanto’s 2015 report. It also increased production of four key crops. Is that what consumers are looking for, and will its goals help us stave off climate change risks? We take a look at some of the issues facing Monsanto right now.
A District Court judge has given VW one last month to come up with a feasible plan to solve its “emissions scandal” and for the regulators and VW to reach a legal agreement. But will the company be able address all of the nearly 600,000 non-compliant vehicles? One expert suggests maybe not.
Bumble Bee is recalling more than 31,000 cases of chunk light tuna after a malfunction left the cans partially cooked. Two other companies have also issued recalls. But Greenpeace is asking whether, given human rights and environmental abuses it says it has documented on contracted tuna seiners, this limited recall is enough.
Hold on to that favorite box of cereal, GMO opponents. Last week’s celebratory news that the DARK Act had met its timely death may not be quite that straightforward. A bill to stop Vermont’s upcoming labeling law is alive and well in Senate. It’s called the Planned Parenthood Act of 2015, and it lives deep in the recesses of an old marine conservation bill where few would likely look for GMO legislation.
Yes America, the vote is out. U.S. voters may see the Republican front-runner as something of an infuriating curiosity, but apparently economic analysts in the U.K. aren’t laughing. The Economist Intelligence Unit just put Donald Trump’s potential presidency on the list of top 10 risks to global stability — right up there with the Islamic State. But it may not be for the reasons you’d expect.
New research suggests that there is a link between Zika and fetal abnormalities, particularly early in pregnancy. Meanwhile, some “savvy investors” are looking for a way to cash in on the spike in Zika cases that now span more than 38 countries. And that’s prompted the SEC to get involved, warning would-be investors to be on alert for investment scams.