The Volkswagen TDI diesel scandal that has battered the automotive giant’s image in the United States swamped to its core market in Europe on Tuesday, when the company stunned the investors by admitting that the problem was much bigger than they anticipated.
British supermarket giant Tesco flared the war on sugary drinks after it announced to put a ban on sugary drinks that would see some of the best-selling products of Ribena, Capri-Sun and Rubicon disappearing from its shelves.
Despite concerns from the EU ministers about Greece’s ability to implement the proposed demands, Greek MPs have passed sweeping austerity reforms demanded by creditors in return for a third bailout package. Prime Minister Alexis Tsipras embraced the big moment as the vote to ‘go ahead’ with the Eurozone- dictated reforms were passed overwhelmingly in the parliament early Thursday, paving the way for an €86 billion Eurozone bailout deal.
In an attempt to expand air capacity in the South East, the independent Airports Commission recommended to build a third runway at Heathrow, saying it will add £147 billion in economic growth for over 60 years and create 70,000 jobs by 2050.
Greek Prime Minister Alexis Tsipras has managed to reason with the creditors in a ‘mutually beneficial deal’ to bail out the nation from the biggest debt crisis, ahead of the EU critical summit. Tsipras has submitted new proposals to its creditors, as the bailout talks continue to fail ahead of the crucial day that could prevent the nation from crashing out of the eurozone.
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