A shareholder of Arconic has filed a lawsuit in the US accusing the company of defrauding shareholders over its supply of cladding panels used at Grenfell Tower, the London high-rise where at least 80 people died in a fire last month.

The revelations about Volkswagen’s emissions fraud, added to recent scandals at Siemens and Deutsche Bank, show a German corporate establishment that is out of step with a society that is actively trying to atone for 20th-century sins, writes Leonid Bershidsy

Liberal democracy faces a new and decisive challenge — figuring out how to deal with the “post-Communist oligarchies” of Russia and China.

Alcoa, the world’s third-largest aluminium maker, is to axe 13,500 jobs – 13% of its workforce – and slash spending and output to cope with the global economic slowdown.

GERMAN engineering giant Siemens is pulling out of Sudan on moral and political grounds, its chief executive Klaus Kleinfeld has said in a magazine interview.