German authorities said Friday they had ordered 19,000 Porsche SUVs recalled over emissions cheating, saying a total of 60,000 manipulated vehicles had been identified worldwide. "Illegal 'defeat devices' were identified" in some 4,000 Cayenne and 15,000 Macan cars sold by the...

German Environment Minister Svenja Schulze urged carmakers to speed up technical refits of diesel cars to improve air quality after the European Commission said Thursday it was taking Germany to court for breaching air targets. "If we are to survive in court, we need more and faster...

HSBC Holdings PLC is set to reaffirm its position in Saudi Arabia with the takeover of Royal Bank of Scotland Group PLC’s local venture as lenders bet on the kingdom’s ambitious plans to transform its economy. In the country’s first bank merger in almost 20 years, HSBC affiliate Saudi...

Turkey's lira slid to a record low and bond yields briefly touched their highest in at least eight years on Tuesday, after President Recep Tayyip Erdogan said he plans to take greater control of the economy after elections next month. Erdogan's comments, in an interview with Bloomberg...