German court clears way to VW settlement

German court clears way to VW settlement

A German court has ruled Volkswagen must buy back diesel cars with software that evaded emissions testing – but the owners must accept the current value of the car based on the distance they drove since buying it, not the purchase price. Volkswagen said the...
German court clears way to VW settlement

Aristocrat settles US lawsuits for $47m

Gaming provider Aristocrat Leisure will settle two class action lawsuits brought by US customers who lost as much as $US300,000 each playing online casino games. Aristocrat will pay $US31 million ($A47 million) as its share of a US$US155 million ($A237 million)...
German court clears way to VW settlement

IOOF class action to end without payout

IOOF Holdings says a class action lawsuit brought against it last year on allegations of breaching disclosure requirements will be discontinued with no payments to the plaintiffs. The Melbourne-based wealth manager was sued in April 2019 by shareholders who alleged...
German court clears way to VW settlement

Estia says it is navigating pandemic

Estia Health says none of the residents in its 69 aged care facilities across Australia have tested positive for the novel coronavirus, and its permanent residential population has only fallen by 45 during the crisis. Three of its workforce of 7,500 did contract...
German court clears way to VW settlement

Asian shares tick up, eyes on China, US

Asian shares have started cautiously as central bank largesse globally boosts sentiment but rising trade tensions between the world’s two biggest economies dulls risk appetite. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.1 per cent on...
German court clears way to VW settlement

Copper drops on renewed US-China tensions

Copper prices are lower on worries that renewed US-Chinese tensions will further damage a global economy already hit by the COVID-19 pandemic. Stock markets and oil also fell as investors feared the prospect of more protests in Hong Kong over tough new security laws...