China will take necessary measures to uphold rights of Chinese companies

China said on Friday it would take necessary measures to uphold the rights and interests of Chinese companies, after the United States added Chinese supercomputing entities to an economic blacklist. Foreign ministry spokesman Zhao Lijian was speaking at a regular news briefing. The U.S. Commerce Department said on Thursday it was adding seven Chinese supercomputing […]

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Volkswagen loses A$125 million fine appeal for emissions breach in Australia

Australian competition regulator said on Friday the federal court dismissed Volkswagen’s appeal against a record A$125 million ($95.1 million) fine on the German car maker, which was part of a global emissions cheating scandal. The federal court fined Volkswagen in December 2019 for breaching the Australian consumer law by making false representations about compliance with […]

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