The Federal Bureau of Investigation has officially asked Germany to help in the industrial espionage case brought by General Motors against Volkswagen and its production chief, Jose Ignacio Lopez de Arriortua, the US justice ministry said.
It is believed that if the FBI were to prove the accusation in a US court, Dr Lopez and VW could expect to face much harsher penalties than in Germany.
Pay not perks
Most executives changing jobs would prefer more money to perks, such as company cars, offered by employers, a KPMG survey has found. The three most important perks were seen as non-contributory pensions, company cars and health care. Longer holidays were considered the least important.
Paltry pay rises
Managers of small businesses with turnover of less than pounds 25m received average pay rises of 4.3 per cent last year, the lowest increase for 10 years, according to research by the Institute of Management and Remuneration Economics.
Europe should not move towards a definitive, EU-wide VAT system until it is prepared to reduce the burdens imposed on business by the current, transitional EC VAT arrangements, the Institute of Directors has told the European Commission.
China investment falls
China yesterday reported a continuing sharp fall in foreign investment and said it faced strong competition from other countries in Asia. The China Daily said contracted foreign investment in the first five months of this year was dollars 32.7bn in 20,230 projects, against dollars 58.756bn in 43,632 projects in the first half of 1993.
Interims: Airtours, Emerald Energy, Sleepy Kids, Soundtracs
Finals: Business Post, Clayhithe, Hewetson, Hogg Robinson, Lister, Norweb, Seeboard, Sunleigh
Major British banking groups' mortgage lending
Interims: Allied Radio, Hunters Armley
Finals: Berkeley Group, Cassidy Brothers, Debenham Tewson, Falcon Holdings, GRT Buses, Halma, Lowndes Lambert, McInerney Properties, Midlands Electricity, MS International, Sutcliffe Speakman, Wilton
Welsh economic trends
Interims: Enviromed, Heavitree Brewery
Finals: Asprey, Castle Mill International, Eastern Electricity, Feedback, John Foster, Metrotect, Midland & Scottish Resources, Northern Electric, TGI, Tring
New vehicle registrations, energy trends, economic trends, monthly digest of statistics, family expenditure Survey 1993
Interims: Eurocamp, First National Finance, Gestetner, Gresham Telecomputing, Kleeneze
Finals: Aberdeen Steak Houses, Asda Group, Booth Industries, BPB, British Bio- Technology, British Bloodstock, Matthew Clark, Fairbriar, Hadleigh, Ivory & Sime, Leopold Josephs, Platignum, Porth, South Western Electricity
Interims: Crest Nicholson, Inveresk, Partridge Fine Arts
Finals: Fuller Smith & Turner, Samuel Heaths, OMI International, Vendome Luxury, Yorkshire ElectricityReuse content