Business

Volkswagen, the world's largest vehicle maker by sales, risked a leadership crisis on Tuesday after Chief Executive Herbert Diess forced a vote of confidence in his reform efforts by asking for an early contract extension.

The European Medicines Agency said on Tuesday it has received an application for marketing authorization for Moderna Inc's COVID-19 vaccine candidate.

Samsung Electronics Co Ltd may discontinue its premium Galaxy Note phone next year, sources with knowledge of the matter said, a move that would reflect the sharp drop in demand for high-end smartphones due to the coronavirus pandemic.

Senior British minister Michael Gove said on Tuesday the collapse of Philip Green's Arcadia fashion group into administration was "tragic" but mistakes had been made by management.

Credit Suisse for the first time has reached beyond Swiss borders and proposed outgoing Lloyds Bank Chief Executive António Horta-Osório should succeed Urs Rohner, who has spent nearly a decade as chairman.

Malaysia said on Tuesday it would file charges against Top Glove Corp because of poor worker accommodation provided by the world's biggest maker of medical gloves.