Fund manager fires warning shot over bosses' pay The world's largest fund manager has sounded a warning to company boards that fail to stop awarding bosses bumper pay packets.
Takata fined $1bn in US over exploding airbag scandal Japanese car parts maker Takata has agreed to pay $1bn (£820m) in penalties in the US for concealing dangerous defects in its exploding airbags.
Iran welcomes Airbus as first post-sanctions airliner Iran has taken delivery of its first Western-built passenger plane in decades, following the lifting of sanctions last year.
VW pleads guilty to emissions cheating Volkswagen 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.
$1-billion tourism pension fund to go to tender in 12 months Head 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.
EU says U.S. explanation of Yahoo email scanning not enough The United States has not satisfied the European Union's concerns about Yahoo's (YHOO.O) scanning of all customers' incoming emails for U.S. intelligence purposes, the bloc's justice chief told Reuters in an interview.
Toyota faces big tax if it builds Corolla cars for U.S. in Mexico U.S. President-elect Donald Trump on Thursday targeted Toyota Motor Corp (7203.T), threatening to impose a hefty fee on the Japanese automaker it if builds its Corolla cars for the U.S. market at a plant in Mexico.
Cruise Sector Jamming for Last Lap As revelers took to the streets for the last lap carnival celebrations, the cruise sector of St. Kitts was also jamming with activity on Tuesday with the arrival of the Jewel Of The Seas, Oasis Of The Seas and the Royal Clipper, with a combined maximum capacity of more than 9,000 passengers.
Brexit: UK 'could change economic model' if single market access denied The UK may be forced to change its "economic model" if it is locked out of the single market after Brexit, Chancellor Philip Hammond has said.