Daimler to pay $1.5bn over emissions cheat claims in US | UK Market Update

September 15, 2020 12:00 PM AEST | By Team Kalkine Media

Mercedes-Benz owner, Daimler has settled to pay $1.5bn (£1.2bn) to settle US government claims that it constructed its diesel vehicles to deceive air pollution tests. The firm was probed for mounting software to dodge emissions laws in 250,000 Mercedes vehicles. US officials said they anticipated the fine would prevent potential misconduct. Apart from the $1.5bn payment to the US authorities, Daimler said it had agreed to pay $700m to settle a class action lawsuit brought by owners.

London City airport will be making one third of its staff redundant in the latest job cuts in the pummeled aviation sector. The airport, situated in east London largely serves a business clientele. It has started its consultation for axing upto 239 job as a part of their restructuring plan to safeguard its future. London City shut down for three months at the height of the pandemic and, after reopening in late June, is now operating only 17 routes. Most staff were furloughed, and the airport has until now avoided the widespread job cuts seen around the sector.

Pizza delivery tycoon Dominos will be adding 5,000 new jobs to boost over 1,000 placements in the government’s Kickstart scheme as it prepares itself for the busiest time of year. The 5,000 new openings include pizza chefs, delivery drivers and customer service staff, and are in addition to the 6,000 new jobs proffered since the outbreak of the pandemic. Dominos has also vowed to deliver over 1,000 work placements for young people in outlets across England, Scotland and Wales under the Government’s Kickstart scheme.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.