2016.06.28

News Headlines - 28 June 2016

Queen says 'well, I’m still alive anyway' when asked how she is by Northern Ireland’s deputy first minister Martin McGuinness

When Mr McGuinness asked the monarch how she was she replied "I'm still alive anyway."
In a short video showing the beginning of a 20 minute-audience between the two, the Queen noted that she has been "quite busy," adding "there's been quite a lot going on."

Assad's uncle under investigation in France: source | Reuters

A French judge has placed an uncle of Syrian President Bashar al-Assad under formal investigation on suspicion of tax fraud and money-laundering, a source close to the case said on Tuesday.

VW’s U.S. Diesel Settlement Clears Just One Financial Hurdle - The New York Times

Volkswagen solved one big problem stemming from its diesel emissions deception, agreeing on Tuesday to pay up to $14.7 billion to settle claims in the United States.
But the final financial toll — once the company deals with a long list of fines, lawsuits and criminal investigations around the world — may well be far higher. The continuing fallout could leave Volkswagen vulnerable to billions of dollars more in expenses at a time when profit is already under pressure.

Fiat Chrysler gearshifts involved in 266 crashes, probe finds | Toronto Star

A U.S. government investigation into confusing gear shifters like the one in the SUV that crushed and killed Star Trek actor Anton Yelchin found 266 crashes that injured 68 people.

Brazil Says No Rate Cut in Sight as Inflation Target Elusive - Bloomberg

Consumer prices will increase 4.7 percent next year, still above the target set by the government, the central bank said in its quarterly inflation report on Tuesday. Policy makers see inflation slowing below the official target of 4.5 percent only in the first quarter of 2018, underscoring the challenges that lie ahead for Goldfajn and Finance Minister Henrique Meirelles, who has assembled a “dream team” of economic experts, according to Goldman Sachs.


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