Toyota Motors’ trucking unit has agreed to plead guilty to criminal charges and pay $1.6 billion in civil and criminal penalties for fraudulently concealing excess emissions from diesel engines sold in the United States, the Environmental Protection Agency said Wednesday. For more than a decade, Hino Motors, a Toyota subsidiary, submitted false testing data to…
Ted Pick, CEO Morgan Stanley, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Adam Galici | CNBC Morgan Stanley on Thursday topped estimates for fourth-quarter earnings and revenue as the firm’s equities and fixed income traders exceeded expectations. Here’s what the company reported: Earnings:…
Pakistan’s flag carrier has drawn widespread criticism for putting out an advertisement that showed a plane flying towards the Eiffel Tower. The ad was meant to promote the resumption of Pakistan International Airlines’ flights to the French capital and had the caption “Paris, we’re coming today”. Some social media users noted the ad’s resemblance to…
Watch: Footage reveals extensive devastation from California wildfires Firefighters battling two fires that have wreaked destruction across Los Angeles for nine days could get some respite on Thursday from the weather. The hurricane-strength winds that initially fanned the flames and hampered rescue efforts have weakened into much lighter gusts. Progress has been made in containing…
Denmark’s Prime Minister Mette Frederiksen has told Donald Trump that it is up to Greenland to decide its own future. The US president-elect sparked turmoil in Copenhagen and Nuuk, Greenland’s capital, last week when he signalled that the US wanted to acquire the huge arctic island, which is an autonomous territory of Denmark. In a…
Watch: Lift-off for Jeff Bezos’ Blue Origin as rocket New Glenn launches into orbit Amazon founder Jeff Bezos’s space company has blasted its first rocket into orbit in a bid to challenge the dominance of Elon Musk’s SpaceX. The New Glenn rocket launched from Cape Canaveral Space Force Station in Florida at 02:02 local time…
Oil giant BP is to cut about 4,700 staff, more than 5% of its total workforce, as part of its plans to cut costs. The British firm, which has a global workforce of about 90,000 people, confirmed the job losses on Thursday, but has not said how many roles will be affected in each country…
Cuba has started to release the first of hundreds of prisoners it agreed to free following a deal with the United States. Under the agreement brokered by the Catholic Church, President Joe Biden removed Cuba from the US list of state sponsors of terrorism just days before his term ends. In return, the Cuban government…
Tanzania has dismissed a World Health Organisation (WHO) report of a suspected new outbreak of the Ebola-like Marburg virus in the north-west of the country. On Tuesday, the global health agency said a total of nine suspected cases were reported over the last five days in the Kagera region, including eight deaths. But in a…
AFP Journalist Ahmad Al-Shayah was reportedly killed overnight in Khan Younis Israeli air strikes are continuing in Gaza ahead of the ceasefire agreement and hostage deal with Hamas, which comes into effect on Sunday, subject to the Israeli cabinet’s approval. The strikes killed 73 people overnight, following the announcement of the deal, Gaza’s Hamas-run civil…
