Business articles

VW puts 10-mn-euro cap on executive pay after dieselgate crisis

German car giant Volkswagen on Friday said it was capping the chief executive’s pay package at 10 million euros as it moved to rein in top brass salaries in the wake of the “dieselgate” scandal that has cost the company billions.

Peugeot boss has ‘constructive’ Vauxhall talk with union

French carmaker PSA’s boss Carlos Tavares, pushing plans to buy General Motors’ European brands Opel and Vauxhall, had a “constructive” talk Friday with the head of Britain’s biggest trade union about the project, the union said.

Fendi seduces Milan with exquisite bottoms

Veteran designer Karl Lagerfeld celebrated exquisite backsides with the help of supermodel Gigi Hadid on Thursday as he unveiled his sumptuous Fendi autumn-winter 2017 collection.

Canada ‘happy’ to discuss NAFTA trade deal with US

Canada said Thursday it is open to meeting with the US to discuss revisions to their NAFTA trade pact with Mexico, which US President Donald Trump has called a bad deal and vowed to renegotiate or scrap.

Glencore returns to profit, capping turnaround

Mining giant Glencore Thursday reported a swing back into profit, completing a dramatic turnaround driven by aggressive cost-cutting and helped by rising commodities prices.