Tuesday, January 17, 2017
   
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Fund manager fires warning shot over bosses' pay

Pound-SterlingThe world's largest fund manager has sounded a warning to company boards that fail to stop awarding bosses bumper pay packets.

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Takata fined $1bn in US over exploding airbag scandal

Airbags-DepJapanese car parts maker Takata has agreed to pay $1bn (£820m) in penalties in the US for concealing dangerous defects in its exploding airbags.

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Iran welcomes Airbus as first post-sanctions airliner

Air-1111Iran has taken delivery of its first Western-built passenger plane in decades, following the lifting of sanctions last year.

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VW pleads guilty to emissions cheating

VW-1-1Volkswagen has pleaded guilty to three criminal charges in the US and will pay fines totalling $4.3bn (£3.5bn) to settle charges over the emissions-rigging scandal.

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$1-billion tourism pension fund to go to tender in 12 months

Tourism-Jobs-17Head of the Ministry of Tourism (MOT), Minister Edmund Bartlett, indicates that a tourism and transport industry pension fund, which is now in its drafting stages, should go to tender in less than 12 months, as the MOT seeks a first-time manager for workers’ retirement benefits.

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