Volkswagen has been ordered to forfeit its greenhouse gas emissions credits.
It comes after the US Environmental Protection Agency announced that auto software overstated real-world performance.
The German carmakers has also been told to lower the fuel economy ratings on 98,000 of its vehicles in the USA.
On Friday Volkswagen agreed to a USD$ 96.5 million court settlement to reimburse affected customers.
Abu Dhabi Crown Prince arrives in India for AI Impact Summit
Abu Dhabi’s Crown Prince His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan has arrived in India to attend the AI Impact Summit, taking place in New Delhi.
UAE President appoints new Federal Tax Authority chief
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued a Federal Decree appointing Abdulaziz Mohammed Faraj Al Mulla as Director General of the Federal Tax Authority, with the rank of Ministry Undersecretary.
Uber expands into 7 new European markets in food-delivery push, FT reports
Uber plans to roll out its delivery business into seven new European countries this year, as tech groups ramp up their efforts in the multibillion-euro food-delivery market, the Financial Times reported on Sunday.
UAE strengthens market oversight to ensure price stability for Ramadan
UAE authorities have stepped up market monitoring and supply chain coordination ahead of Ramadan to ensure adequate supplies of essential goods and stable prices.
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