Volkswagen to invest $800 million to build new electric vehicle in US

The coronavirus pandemic forced many companies to halt business travel almost overnight. The economic consequences for airlines and hotels have been dramatic, leaving many to wonder if corporate travel will bounce back.

The former US president has been fined $10,000 per day until he complies with a New York court order to turn over documents as part of an investigation into his business practices.

More European businesses in China are looking to shift their investments due to the country's strict coronavirus lockdowns, according to the European Chamber of Commerce.

The agenda of the World Economic Forum in Davos has been dominated by the war in Ukraine and its implications for the global economy and supply chains. Volkswagen CEO Herbert Diess spoke to our Business Editor Kate Moody on the sidelines of the event. He warned that a "long-lasting" war in Ukraine would be "really negative, mostly for Europe".

The German car giant has claimed its presence in Xinjiang has a positive impact despite reports of ongoing human rights abuses. VW is also facing accusations of using slave labor in Brazil under the former dictatorship.

Several cities in the country were thrown into darkness on Sunday, June 12 2022, following the collapse of the national grid for the sixth time in 2022. Here is how multiple national grid collapse is paralysing business activities in Nigeria.⁣

Diess will be succeeded in his role by Porsche boss Oliver Blume, according to the carmaker.

German businesses have been losing confidence in the current economic climate as growth prospects worsen. The ifo Institute that published the survey pointed to high energy prices.

Porsche CEO Oliver Blume has begun his dual role as the head of Volkswagen. Blume is taking over at a sensitive time for the German carmaker, as it tries to pull off a shift to electric vehicles.

Ports in Africa lose vast sums of money because of corrupt port officials, inefficiencies, and poor infrastructure, among others. Corruption has affected economic growth and slowed the clearance and forwarding of goods.

Trump Organization's tax evasion trial has kicked off. The number one task in the proceeding is picking a neutral jury.

In the eastern Congo, a powerful armed group controls lucrative gold mines. DW’s Mariel Mueller is the first international journalist who got access. She speaks with miners who are forced to pay 'tax' to the Mai-Mai Yakutumba and with survivors of its brutal attacks.