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.
WTO advances world’s first digital trade rules despite opposition
A group of World Trade Organisation members agreed on Saturday to sidestep adoption hurdles for the world's first baseline on digital trade rules, opting to bring the agreement into force among consenting participants, the WTO said.
Abu Dhabi boosts transparency, governance in real estate sector
Abu Dhabi’s Department of Municipalities and Transport has issued a package of administrative decisions to strengthen transparency, governance and investor protection across the real estate sector.
Dr. Sultan Al Jaber dedicates leadership award to UAE President, frontline workers
Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, ADNOC Managing Director and Group CEO, and Executive Chairman of XRG, has received the 2026 Distinguished Global Leadership Award from the Washington D.C.-based Middle East Institute (MEI).
Dubai achieves highest-ever ranking in Global Financial Centres Index
Dubai has achieved its highest ever ranking in the Global Financial Centres Index (GFCI), climbing to seventh place, underscoring the emirate’s rise as one of the world's most influential financial hubs and its importance in the global financial system.
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