Law and business: commercial news round-up 24.09.15
updated on 24 September 2015
There’s only one story this week: VW. Things have gone badly wrong for the global automotive giant, as it admits that it “totally screwed up” and heads start to roll. Want to know more? Follow the Guardian live blog for all the latest, and while you’re at it, take a look at this collection of other interesting commercial stories:
- Lidl has become the first UK supermarket to commit to paying the recommended living wage, as of the beginning of October.
- The Economist explains why slowing global trade has such wide-ranging implications for the economic situation of the entire world.
- The government has agreed to secure a £2 billion deal in relation to the controversial new Hinkley Point nuclear plant, as Osborne does a deal with Chinese investors.
- Production has paused as UK steelmakers urge government to step in and help – a “perfect storm” of green taxes and cheap imports has left them in a precarious position.
- US chief exec of VW admits that the company “totally screwed up” and the global chief exec resigns; why is this all so important? The BBC explains.
Be sure to check the News section every Thursday for this weekly commercial news round-up. Follow @LawCareersNetUK and @CityLawLIVE on Twitter for instant business news updates.
