Tag: german
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Insurer AXA to sell 1.8 billion euros of tobacco assets
French insurer AXA plans to stop investing in the tobacco industry, citing the impact of smoking on public health, and said it plans to sell its 1.8 billion euros ($2.02 billion) of assets in the sector. AXA said it would divest its 200 million euros of equity holdings in tobacco companies immediately. It also plans…
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VW delayed announcing cheating in hope of striking deal, its lawyers say
By Andreas Cremer and Jan Schwartz BERLIN/HAMBURG (Reuters) – Volkswagen's delay in announcing it had cheated U.S. diesel emission tests was a legitimate move aimed at striking a deal with regulators to limit the cost of the scandal, the carmaker's lawyers said in a report to a German court. The delay has led several shareholders…