Economy

The German premium carmaker has moved rapidly to fill the gap left by chief executive Rupert Stadler, who was detained on Monday in connection with his role in Audi’s emissions-cheating scandal in the US and Europe....

The boss of Govia Thameslink Railway has quit over the rail timetable fiasco, after being singled out for blame by the transport secretary, Chris Grayling. Network Rail executives have also forfeited annual bonuses for their role in the...

Donald Trump has announced a 25% tariff on $50bn of Chinese goods, triggering a promise of immediate retaliation from China. The move, after a long war of words, increases the possibility of a full trade war between...

Rolls-Royce has announced it is to cut 4,600 jobs as part of a major shakeup of its business, mainly affecting managerial and administrative roles in the UK. Warren East, the aircraft engine maker’s chief executive, said the...

Rail passenger numbers in the UK fell last year to 1.7bn in the biggest decrease since privatisation in the 1990s, casting fresh doubt on the viability of struggling franchises. According to figures published by the Office of Rail...

The European Central Bank has shrugged off evidence of a slowdown in the eurozone and announced that it will phase out the stimulus provided by its massive three-year bond-buying programme to the eurozone economy by the end of...

German politicians and business leaders are increasingly worried about the long-term impact of the domestic carmakers’ emissions-cheating scam. Dieselgate doesn’t look like it’s going to die down anytime soon. A growing number of German policymakers and...

Artificial intelligence and robotics are the biggest talking points at this year’s CEBIT in Hanover. While some sound optimistic about the data-driven digital revolution, others warn about its negative implications. We’re living in the midst of...

Volkswagen was handed a fine of €1 billion ($1.18 billion) on Wednesday by district prosecutors in the central German city of Braunschweig, close to VW’s headquarters in Wolfsburg. “Volkswagen accepts this fine and acknowledges its responsibility,” for...

German authorities have raided Rupert Stadler’s home as part of an investigation into his involvement in Dieselgate. He has denied any involvement in the emissions cheating scandal. Rupert Stadler, the head of German carmaker Audi, has...