German prosecutors raid VW

BERLIN: German authorities said on Tuesday they had again raided the headquarters of the world’s largest carmaker Volkswagen in a probe over financial market manipulation related to excessive exhaust emissions from its vehicles.

“Papers and large volumes of data” were confiscated from 13 VW offices in Wolfsburg early this month, a spokesman for Brunswick prosecutors told business magazine Wirtschaftswoche.

Investigators added that the probe concerns who at the company was responsible for financial statements issued by Volkswagen in late 2015 that were “objectively false”.—AFP

TDAP delegation visiting Algeria

KARACHI: A 12-member delegation of Trade Development Authority of Pakistan (TDAP) is visiting Algeria in a bid to boost and strengthen trade and business ties under its ‘Look Africa Policy’, a press release said.

The trade team comprises of exporters of surgical and dental instruments, sports goods, pharmaceutical and textiles.

Published in Dawn, March 21st, 2018