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Business News - International Business - The New York Times
The Wayback Machine - https://web.archive.org/web/20150925035300/http://www.nytimes.com/pages/business/international/index.html
Edition: U.S. / Global

Thursday, September 24, 2015

Business

Volkswagen-built automobiles in towers awaiting delivery in Wolfsburg, Germany, where the automaker has its headquarters.
Krisztian Bocsi/Bloomberg

Volkswagen-built automobiles in towers awaiting delivery in Wolfsburg, Germany, where the automaker has its headquarters.

Disclosures of larger problems would further dent the reputation of Volkswagen, which is a leader in an industry that forms the bedrock of the German economy.

After Volkswagen Revelation, Auto Emissions Tests Come Under Global Scrutiny

Questions are increasing about the wisdom of allowing carmakers to have so much influence on how air pollution standards are enforced.

Common Sense

Problems at Volkswagen Start in the Boardroom

An insular governing structure, overseen by family members and labor, allowed the current scandal over the flouting of emissions standards to happen.

Sharp Drop in Currency Adds to Growing List of Woes in Brazil

The weakness in the real is causing companies to delay plans, and the market for initial public offerings has been effectively frozen.

IBM’s A.I. System Watson to Get Second Home, on West Coast

IBM will announce Watson’s new abilities, but it hopes to open the system up to software developers, highlighting start-ups.

China to Announce Cap-and-Trade Program to Limit Emissions

China will announce a landmark commitment on Friday to limit and put a price on greenhouse gas emissions, a substantial step by the world’s largest polluter.

São Paulo and Rio de Janeiro Are Expected to Ban Uber

The mayors of the cities will decide whether to sign or veto bills banning the service. Uber’s prospects are not looking good.

Norway’s Central Bank Cuts Interest Rate

The second reduction in four months came as oil and gas companies had been canceling investments and laying off workers because of lower crude prices.

Cinven Names Stuart McAlpine as New Managing Partner

Mr. McAlpine will succeed Hugh Langmuir as the European private equity firm’s managing partner, with Mr. Langmuir becoming executive chairman.

Caterpillar to Cut Up to 10,000 Jobs, Citing Falling Demand

The announcement from Caterpillar, which has been a symbol of American exporting might, helped drive down major stock indexes.

Terror and Corruption Prosecutor Leaves for Private Sector

Jason P.▥W. Halperin, who won all of his 13 cases as an assistant United States attorney in the Southern District of New York, is joining a law firm.

Business Briefing

Developing Nations Said to Gain From Fed’s Decision on Rates

The head of the World Bank, Jim Yong Kim, said the Federal Reserve’s decision not to raise interest rates gave breathing room to developing countries.

Asian Shares Erase Gains, Dollar Gains as Yellen Revives Rate Talk

Asian shares gave up early gains on Friday, while the dollar firmed after Federal Reserve Chair Janet Yellen suggested the central bank is still on track to raise interest rates later this year.

A Big Bet That China’s Currency Will Devalue Further

Investors like Mark L. Hart III are making a high-stakes gamble that China’s currency devaluation last month was not a one-time event.

European Court Adviser Calls Trans-Atlantic Data-Sharing Pact Insufficient

The nonbinding but influential opinion could restrict how American companies like Facebook and Google move European data around the world.

Volkswagen Test Rigging Follows a Long Auto Industry Pattern

Ever since governments began regulating cars, automakers have been finding ways to cheat to improve data on emissions, gas mileage and safety.

Insight and Analysis
State of the Art

IPhone 6s’s Hands-Free Siri Is an Omen of the Future

Voice recognition and artificial intelligence have improved so fast that we are nearing “ambient computing,” or robotic assistants that are always on hand.

Economic Scene

Education Gap Between Rich and Poor Is Growing Wider

Racial disparities in education have narrowed significantly, but the achievement gap between more affluent and less privileged children is wider than ever.

Dealbook Column

The Influence of Fiorina at Lucent, in Hindsight

Carly Fiorina’s tenure as chief of Hewlett-Packard has drawn some criticism during her presidential campaign. But her career at Lucent is worth a look as well.

In Depth

Multimedia Feature: Greece’s Debt Crisis Explained

Behind the efforts to resolve the country’s debt problems and keep it in the eurozone.

Guide to China’s Market Turmoil

The Chinese stock market rout has prompted the country’s government to act aggressively to stop the slide.

The Trans-Pacific Partnership Trade Deal Explained

The giant trade pact, years in the making, has become and a cornerstone of President Obama’s trade policy in his final term.

How Europe Is Going After Google, Amazon and Other U.S. Tech Giants

The biggest American tech companies face intensifying scrutiny by European regulators, with — pressure that could potentially curb their sizable profits in the region and affect how they operate around the world.

Timeline: Tracking the Libor Scandal

Abuse of interest rates and the failure to address the problem is one of the most expensive scandals to hit Wall Street since the financial crisis.

Special Section
Mutual Funds Report

Dealing With a Sea of Fund Choices

How can investors handle a baffling array of options?

Markets »