Mitsubishi Motors office raided over fuel economy tests

Mitsubishi bosses apologised for the data falsification on Wednesday

BBC News : Japanese officials have raided an office of Mitsubishi Motors following the revelation that the carmaker had falsified its fuel economy data. The officials searched its plant in the central Japanese city of Okazaki. Mitsubishi has admitted that employees altered data to flatter mileage rates on more than 600,000 vehicles. A government spokesman said they were treating it ...

Read More »

Oil exporters set to discuss output freeze


By Andrew Walker BBC World Service economics correspondent The world’s leading oil exporters could be finally about to take action following the fall in prices. Members of the exporters’ group Opec, together with some other oil producers, are meeting in Qatar on Sunday to discuss freezing output. They want to push up the price of crude oil, which is less than ...

Read More »

Samsung sees 10% jump in first quarter operating profit


BBC News : South Korea’s Samsung Electronics is forecasting a 10% jump in operating profit for the first quarter. The world’s largest smartphone producer has said its operating profit in the January to March period is expected to reach 6.6 trillion Korean won ($5.6bn; £3.9bn). For the same quarter in 2015, Samsung’s operating profit was at 6tn won. The improved ...

Read More »

‘Flash crash’ trader Navinder Sarao faces US extradition

'Flash crash' trader Navinder Sarao faces US extradition

Navinder Sarao, the trader accused of helping to trigger the US “flash crash”, can be extradited to face trial, a court has ruled. Mr Sarao, 37, is accused of contributing to events on 6 May 2010, when the Dow Jones share index briefly fell more than 1,000 points. Mr Sarao traded on the Chicago Mercantile Exchange from his parents’ home ...

Read More »