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Several Volkswagen engineers have admitted manipulating carbon dioxide emissions data, saying the ambitious goals set by former Chief Executive Martin Winterkorn were difficult to achieve, Bild am Sonntag reported. The paper said VW engineers tampered with tyre pressure and mixed diesel with their motor oil to make them use less fuel, a deception that began in 2013 and carried on until the spring of this year.

A laboratory test carried out for BBC Panorama shows that Volkswagen diesel cars programmed with a "defeat device" can cheat official European pollution tests, as well as tests in the US. The company told the BBC it believes this is the first time the cheating software has been filmed in action. VW has admitted it used the device to rig tighter pollution tests in America. But it's been more ambiguous about whether it used the same tactics to actively cheat official European tests.

Volkswagen said U.S. sales plunged 25% in November in the wake of the German automaker's massive emissions cheating scandal. The company admitted in September that most of its diesel cars in the U.S. had software that allowed it to pass emissions tests, even though the cars dumped 40 times the allowed levels of pollutants into the atmosphere. The EPA ordered it to stop selling those cars in the U.S.

Why fix part of a problem when you could address the underlying issue instead? In an open letter, the group urged California Air Resources Board Chair Mary Nichols to have VW "cure the air, not the cars." Instead of requiring the German automaker to attempt to recall and fix all of the 85,000 diesel vehicles it sold with software designed to cheat emissions tests -- a solution they label "costly," "impractical" and generally inefficient -- Musk and company propose California allocate...

Volkswagen will offer generous compensation packages to the roughly 600,000 U.S. owners of diesel vehicles whose emissions are over the legal limit, the head of its claims fund told a German paper. The German car maker has still not decided whether vehicle owners will be offered cash, car buy-backs, repairs or replacement cars, Kenneth Feinberg told the Frankfurter Allgemeine Sonntagszeitung. Feinberg previously headed...

Retired Los Angeles County Sheriff Lee Baca pleaded guilty Wednesday to lying to federal investigators, a stunning reversal for the longtime law enforcement leader who for years insisted he played no role in the misconduct that tarnished his agency. Baca’s plea in a downtown courtroom capped a string of prosecutions that began with low-ranking officials and worked up the chain of command. His former No. 2, Paul Tanaka, is scheduled to stand trial...

Goldman Sachs’ cozy relationship with the Malaysian government is coming back to haunt the firm and one of its regional chairmen. The fallout from the widening scandal hitting the white-shoe investment bank involves Tim Leissner, the Singapore-based chairman of Goldman’s Southeast Asia operations, who has left that country and relocated to Los Angeles on a leave of absence from the firm. A state fund — 1Malaysia Development Berhad...

International student Pranay Alawala, who worked in three 7-Eleven stores in Brisbane, recently secured a payout of $33,000 from his former employer. So far more than 110 workers have been paid out an estimated $2.8 million through an independent panel assessing claims. Savouring the taste of success at a Brisbane cafe after the two-year battle, Mr Alawala can now afford a coffee like the ones he used to serve to 7-Eleven customers.

A high-ranking US Navy captain has been sentenced to nearly four years in jail for passing classified information to a Malaysian defence contractor. Daniel Dusek provided the information in exchange for luxury hotel stays and the services of prostitutes. Dusek was also ordered to pay a $70,000 (£50,000) fine and $30,000 in restitution to the navy. He is the highest-ranking officer to be charged in one of the US military's worst bribery scandals.

The Federal Trade Commission on Tuesday accused Volkswagen Group of deceiving American consumers into buying emission-spewing diesel vehicles, seeking more than $15 billion in damages in what could be one of the largest false-advertising cases in U.S. history. The FTC filed a four-count civil complaint against Volkswagen Group in U.S. District Court in California, alleging the company falsely advertised that it was selling new "clean diesel" vehicles that were purchased by about 550,000 buyers.

It has been eight years since he took a major title, and he's rarely seen with a club in his hand. Even though Tiger Woods will be, at best, a ceremonial figure at the Masters, many believe he can still rediscover his magic at age 40. A look at the events and injuries that set him back suggests otherwise. [This story appears in the April 4, 2016, edition of Sports Illustrated.

In the list of the world's great companies, Unaoil is nowhere to be seen. But for the best part of the past two decades, the family business from Monaco has systematically corrupted the global oil industry, distributing many millions of dollars worth of bribes on behalf of corporate behemoths including Samsung, Rolls-Royce, Halliburton and Australia's own Leighton Holdings.

The resignation of the prime minister, Sigmundur David Gunnlaugsson, was the first prominent political fallout from the document leaks, which have shed unflattering light on the private financial activities of many rich and powerful people around the world.

At least three of the seven people on the Chinese Communist Party’s most powerful committee, including President Xi Jinping, have relatives who have controlled secretive offshore companies.

A lottery vendor for years manipulated drawings to enrich himself and associates by installing software code that allowed him to predict winning numbers on specific days of the year, Iowa investigators alleged Wednesday. Authorities called the newly obtained forensic evidence a breakthrough in the investigation of alleged jackpot-fixing scheme by Eddie Tipton, former security director of the Multi-State Lottery Association. A jury convicted him last year of rigging...

Prime Minister Justin Trudeau says the international community has to work together to make global finance more transparent to prevent the sort of inequality highlighted by the so-called Panama Papers scandal. Trudeau says otherwise, rich investors will simply “hop” around to favourable jurisdictions where they can avoid paying tax. He says the federal government knew tax avoidance was a problem long before the controversy put offshore havens in the headlines.

If you were burned by Volkswagen's emissions cheating and don't think that $1,000 in credits and gift cards will cut it, we have good news for you... maybe. Die Welt sources understand that VW has reached a settlement deal with US officials that will have it pay affected diesel car owners $5,000 each to make up for misleading the public on the eco-friendliness of its vehicles. That's on top of what VW will have to pay to fix the cars in question.

Volkswagen's huge emission cheating scandal has already cost the carmaker about 16 billion euros. It's also costing its executives a big chunk of their pay. The company released its full year earnings on Friday, reporting a net loss of 5.5 billion euros ($6.2 billion) in 2015. Volkswagen Group (VLKAF) said it has now set aside 16.2 billion euros ($18.2 billion) to deal with the cost of the scandal. That's more than double what it originally anticipated.

Ninety-seven percent of all modern diesel cars emit more toxic nitrogen oxide (NOx) pollution on the road than the official limit, according to the most comprehensive set of data yet published, with a quarter producing at least six times more than the limit. Surprisingly, the tiny number of models that did not exceed the standard were mostly Volkswagens, the carmaker whose cheating of diesel emissions tests which emerged last year sparked the scandal.