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Tag: scandal

Audi boss arrested over 'dieselgate' scandal

Audi boss arrested over 'dieselgate' scandal

Business
The chief executive of Audi has been detained by German authorities investigating the "dieselgate" scandal at parent firm Volkswagen. Prosecutors in Munich said Rupert Stadler - the most senior group official to be held since the emissions saga began almost three years ago - was arrested at home in the early hours following a search of the property last week.They said his detention was linked to fears he might obstruct their continuing investigation, adding that he had been remanded in custody by a judge.Audi responded by insisting there was a presumption of innocence in the case involving Mr Stadler, who has led the Audi division since 2007. Image: Mr Stadler is a German national who has held senior positions within VW since 199...
VW fined €1.2bn over diesel emissions scandal

VW fined €1.2bn over diesel emissions scandal

Business
The emissions scandal that engulfed Volkswagen three years ago continues to dog the carmaking giant, as German authorities hit the group with a €1.2bn fine. Volkswagen has said that prosecutors in the German city of Braunschweig levied the £880m fine, saying the carmaker failed to properly oversee its engine development department's activities, resulting in about 10.7m diesel vehicles with illegal emissions-controlling software being sold worldwide.The firm said it hoped that paying the fine would have "positive effects on other official proceedings being conducted in Europe against Volkswagen" and its subsidiaries.:: VW Group set to 'recall up to 28,000' Volkswagens and Seats over seatbelt issue Image: Reacquired Volks...
Sanchez sworn in as Spanish PM amid corruption scandal

Sanchez sworn in as Spanish PM amid corruption scandal

World
Pedro Sanchez has been sworn in as Spain's prime minister after ousting Mariano Rajoy in a vote of no confidence. The socialist came to power at a ceremony at the Zarzuela Palace on the outskirts of Madrid presided over by the country's King Felipe VI.On Friday, Mr Sanchez successfully persuaded Spanish MPs to back a move to remove the former head of government in the wake of a corruption scandal.The no-confidence vote came after 29 former members of Mr Rajoy's conservative Popular Party were convicted of corruption last week. Image: Pedro Sanchez lines up with Felipe VI and former PM Mariano Rajoy at the investiture Although the parliament voted 180-169 on Friday to replace Mr Rajoy's government with one led by Mr Sanchez, the Sociali...
Data firm at center of Facebook privacy scandal will close

Data firm at center of Facebook privacy scandal will close

Technology
Cambridge Analytica, the Trump-affiliated data firm at the center of Facebook's worst privacy scandal in history, is declaring bankruptcy and shutting down. The London firm blamed "unfairly negative media coverage" and said it has been "vilified" for actions it says are both legal and widely accepted as part of online advertising. Cambridge Analytica said it has filed papers to begin insolvency proceedings in the U.K. and will seek bankruptcy protection in a federal court in New York. "The siege of media coverage has driven away virtually all of the company's customers and suppliers," Cambridge Analytica said in a statement. "As a result, it has been determined that it is no longer viable to continue operating the business." Facebook said it will keep looking into data misuse by Cambridge...
Facebook sales soar despite data scandal

Facebook sales soar despite data scandal

Business
Facebook's quarterly sales rose by nearly 50% in the social media giant's first results since a privacy scandal over users' data emerged.The company said that revenues rose to $ 11.9bn in the first three months of the year, compared to $ 8bn previously.Chief executive Mark Zuckerberg said: "Despite facing important challenges, our community and business are off to a strong start in 2018."He added that the firm is "taking a broader review of our responsibility". Facebook said that its advertising revenue rose to $ 11.7bn in the three months to the end of March, compared to $ 7.8bn in the same period a year ago.First quarter profits also grew, reaching $ 4.9bn compared to $ 3bn last year.In March, towards the end of Facebook's reporting period, the company was caught up in a massive privacy ...