Brazil's antitrust watchdog will fine Citibank, Societe Generale for exchange rate manipulation. Citibank has committed to pay $13.78 million and Societe will pay $1.07 million in fines.

Brazil's antitrust watchdog fines Citibank, Societe Generale

Volkswagen is set to cut working hours and wages in Brazil's Sao Bernardo do Campo factory as it grapples with a lack of auto parts and electronic components to assemble its vehicles.

Volkswagen to cut working hours, wages in Brazil as auto parts shortage deepens

In what could be the biggest order in the history of aviation, India's Air India owned by Tata Group is planning to give a massive order of 300 planes as per recent reports.

Report: Air India considers buying 300 planes

Germany faces certain recession if faltering Russian gas supplies stop completely, an industry body warned. Italy said, it would consider offering financial backing to help companies refill gas storage to avoid a deeper crisis in winter.

Russian gas crisis deepens: Europeans activate first stage of gas crisis plans

Two years ago, dozens of Airbus A380s set course for storage sites in rural France from the Gulf. Now, the iconic European double-decker is gaining a new lease on life.

A380 makes comeback despite high oil prices

The US administration is searching for ways to save Americans from high-fuel prices. President Joe Biden has said that he is considering announcing a federal holiday which would save 5 cents per liter in fuel cost.

US to have a gasoline tax holiday | Will US plunge into a recession?

According to a new Gallup report, 66% of employees are emotionally detached and 19% of workers are miserable at work. 52% of respondents are burnt out, as per Indeed survey.

Workplace stress at record high in 2022 | Why the workforce is burnt out?

Indian auto market has continuously attracted MNC's. Stellantis is preparing for a fresh onslaught on Indian market. In a conversation with WION, Stellantis CEO Roland Bouchara said, Indian market could grow to 5 mn by 2030.

Indian auto market to be one of top 5: Stellantis India

Ford Motor Co is recalling nearly million vehicles due to a gear shifting problems. The National Highway Traffic Safety Administration (NHTSA) lists 5 car models to be recalled as defects do not allow gear system to work appropriately.

Ford recalls nearly 3 million vehicles in US again

In UK, Britons are subscribing less to music as they seek more savings. Britons cancelled over 1 million music subscriptions in the first quarter due to worsening cost of living crisis.

UK music subscriptions in decline as households seek more savings

The US Federal Reserve raised its benchmark interest rate by 75 basis point. This is the biggest and most aggressive interest rate increase since 1994. The Federal Open Market Committee said that it decided to raise the target range for the benchmark borrowing rate to 1.5%-1.75%.

Federal reserve raises rates by 75 basis-point, most aggressive rate hike since 1994

Ryanair has dropped its controversial Afrikaans quiz after it mandated that the South African passport holders must answer before they could board their flights to or from London in the United Kingdom.

Ryanair drops Afrikaans quiz after backlash

Virtus is the latest product from VW camp in India that is looking at reviving mid-size Sedan segment. On this, WION speaks to Ashish Gupta, Brand Director, VW Cars India Watch this report for more details.

WION speaks to Ashish Gupta, Brand Director, VW Cars India

India has given final approval to a proposal for directly allocating airwaves to enterprises paving the way for them to operate private 5G networks. The government also said it would hold the 5G spectrum auction by the end of July.

Indian government to auction 5G airwaves, allows private captive networks

The situation between Russia and India on oil trade has changed within months of Russia-Ukraine war. Now Russia has emerged as India's second biggest supplier of crude oil pushing Saudi Arabia to third position.

Russia, now India's 2nd largest oil supplier

The Competition Commission of India (CCI) has approved Tata Group-owned Air India's proposal to acquire the entire shareholding of low-cost subsidiary AirAsia India.

CCI okays Tata-Air Asia acquisition proposal

Europe's top aviation safety regulator has said that he had seen no evidence that paint or surface erosion on A350 jets which are at center of legal dispute between Airbus and Qatar airways represented a safety issue at all.

Airbus A350 paint dispute: Europe regulator sees no safety concern

All eyes are on US central bank Fed's decision on interest rates. There are predictions that the Fed could increase rates by 0.75% in the United states. This will be the biggest interest rate hike.

Wall Street slips into a bear market, all eyes on US fed interest rate hike

A measure of Australian consumer sentiment slid for a seventh straight month to match pandemic lows in June amid an outsized rise in interest rates and surging inflation.

Inflation, Interest rates bite Australian consumers

Ending over a week-long strike, South Korea's truckers headed back on the roads today after the union and the transport ministry reached a late night agreement.

South Korea truckers return to work after strike ends

Europe will introduce a universal charger one standard cable for all devices. The proposal has been in making for quite some time and now European Union has given a go ahead to the proposal.

Decoding the Pros & Cons of EU's 'Universal Charger' move

Supply chain problems continued to hit plane makers hard. Airbus delivered 6% fewer airplanes in last month, compared to the same month last year, as the aerospace industry still wrestling with tight supply chains.

Airbus deliveries fell 6% in May amid tight supply chain

European Parliament and lawmakers voted to support an effective EU ban on the sale of new petrol and diesel cars from 2035. Carmakers will invest heavily in electrification.

Lawmakers back ban on new fossil-fuel cars

Oil prices are holding near 13-weeks high on Thursday, underpinned by robust demand in the world’s top consumer US while demand is expected to rebound in China as COVID-19 curbs across major cities are relaxed.

Oil hovers near 13-week high, China optimism backs price surge

Japan's economy shrank slightly less than initially reported in the first quarter as private consumption remained resilient in the face of resurgent covid19 infections and companies rebuilt their stock. Now while the slow contraction is welcome news for the policy makers.

Japan: Q1 GDP falls; economy shrinks less than expected

The US trade deficit narrowed by the most in nearly 10 years in April as exports jumped to a record high, putting trade on course to contribute to economic growth this quarter.

Record exports help shrink US trade deficit

The Reserve Bank of India has once again raised the primary lending rate and this time by 50 basis points as inflation continues to remain above its comfort level. Now the new lending rate from reserve bank to other public and private banks has now been increased to 4.9% from 4.4%.

Indian Central Bank raises key lending rate by 50 basis points

Australia's competition regulator has initiated proceedings against Airbnb in the country's federal court for allegedly misleading consumers on pricing for accommodation in the country.

Australian regulator sues Airbnb, customers to be compensated

Moody's Investor Service has downgraded Pakistan's outlook from stable to negative, citing financial concerns that includes a delay in the revival of International Monetary Fund's (IMF) bailout.

Moody's lowers Pakistan outlook to negative over IMF delay

The Directorate General of Civil Aviation (DGCA) has fined India's aviation regulator Air Vistara ₹10 lakh for violating safety regulations. The airline has been fined for letting an improperly trained pilot land a flight at Madhya Pradesh's Indore airport with passengers on board.

DGCA fines Indian airline Vistara for letting untrained pilot land flight

Japan's services sector activity grew at the fastest pace in half a year in May as consumer sentiment recovered further following the easing of Covid curbs.

Japan's service sector activity grows at fastest pace in 6 months

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