Markets
VW Rejects German Indictment as 'groundless'
Diess, Chairman Hans Dieter Poetsch and former CEO Martin Winterkorn were accused of deliberately informing markets too late about the huge costs to VW that would result from the scandal, which erupted when regulators discovered that millions of diesel cars had been fitted with software created to thwart pollution tests. [Full Article...]
'Liquidity is no problem,' says Sitharaman after meeting bankers
She said that the service sector is showing a very high appetite for credit. The Union minister said that numerous MFIs and micro-finance units which were present during the meeting work in remote parts of India and they said that demand is still high in those areas and they are extending loans . [Full Article...]
Facebook acquires neural interface startup CTRL-Labs, maker of a mind-reading bracelet
According to details of the deal provided to Bloomberg by unnamed sources, the acquisition will see the four-year-old startup becoming a wholly-owned subsidiary of Facebook . For example, it can detect the muscles receiving a signal to move in a particular way to click a mouse or press a key. This is not the first time Facebook has expressed an interest in mind-reading technology. [Full Article...]
Gold, silver plunges on weak global trend
Gold edged higher on Thursday as investors bought into the market following a sharp fall in the previous session, but bullion's gains were limited as the dollar remained firm. He said that the weakness in the dollar is directly impacting the prices of gold and silver. "Essentially $1,500 level for gold could act as a support which may attract buyers to push it higher, but in the short term if... [Full Article...]
Impossible Burger products now selling at Fairway, Wegmans
Beyond Meat says that its un-burger recipe - which includes pea protein, beet juice, canola oil, refined coconut oil, and rice protein - more convincingly mimics the taste and texture of a beef burger than veggie burgers of the past did. The world's largest burger chain joins Tim Hortons, KFC and Dunkin' Brands in moving ahead with versions of a plant-based addition to their menus using Beyond M... [Full Article...]
Google won't pay French media firms to display content
That could sharply reduce online audiences for some publishers, since internet users are more likely to click on results containing excerpts and images. If they refuse, only a headline and a bare link to the content will appear in search results, Google said, nearly certainly resulting in a loss of visibility and potential ad revenue for the publisher. [Full Article...]
British Airways owner takes £190m profit hit from strikes and poor demand
A total of 4,521 flights were cancelled over seven days, IAG said, although 2,196 flights were reinstated leaving 2,325 cancellations. The financial impact of those pilot strikes is put at €137m. The British Airline Pilots Association (BALPA), the union which called the strikes, said last week that it had called off the second strike "before the dispute escalates further and irreparable damage... [Full Article...]
Tesla Model S police vehicle nearly runs out of battery
The driver fled the scene and authorities were searching for him on Wednesday. Radio released following the chase shows Hartman telling dispatchers "I've just realised I'm down to six miles of battery..." Though this was only the EV police car's second pursuit, a representative for Fremont PD said it "performed well", and that they're overall thrilled with the Tesla as a cruiser. [Full Article...]