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China fines Bombardier and local firm for joint venture


Train conductors stand outside the cabin of a bullet train in ChinaImage copyrightAFP
Image captionBombardier had been in talks with a Chinese train maker since November last year

Chinese officials have fined Canadian train maker Bombardier and a local unit of train giant CRRC for setting up a joint venture without government approval.
Bombardier and CSR Nanjing Puzhen have both been fined 150,000 yuan ($23,572; £15,578) each, according to the ministry of commerce.
The companies had violated China's anti-monopoly law, it said.
The firms had planned to make trains for Chinese cities and airports.
They had each agreed to invest 125m yuan to set up the joint venture in November last year, but only notified the government of the deal in December.
Marc Laforge, a Bombardier spokesman, told Reuters that the regulatory notification was introduced while the company and its Chinese counterpart were already involved in negotiations over the joint venture.
"At the end of the day, we're very satisfied that our joint venture was approved," he said.
CSR Nanjing Puzhen is a unit of state-owned firm CSR Corporation. The parent company merged with rival train maker China CNR to create CRRC, the world's biggest train maker, this year.
The merger of the state-backed firms was done in part to compete with the likes of Bombardier, and Germany's Siemens for global projects.

Ralph Lauren steps down as company boss


In this file picture taken on February 8, 2008, designer Ralph Lauren waves at the conclusion of his Fall 2008 women"s fashion show during Fashion Week in New YorkImage copyrightAFP/Getty Images
Image captionRalph Lauren's company made $7.5bn in 2014

The designer Ralph Lauren is to step down as the head of the luxury fashion company he founded nearly 50 years ago.
He will be replaced as chief executive in November by Stefan Larsson, president of Old Navy, the low-price clothes brand owned by Gap Inc.
Mr Lauren, who will turn 76 in October, plans to stay on as the chief designer for the label.
The news caused Ralph Lauren's shares to rise 3.9% in post-trading hours. Shares in Gap fell by 3.4%.
"He understands what dreams are,'' Mr Lauren said. "In this business, it's about dreams because you are dreaming ahead and you're about progress and change and newness."

Image copyrightParamount/Getty Images
Image captionLauren designed the costumes for the 1974 film The Great Gatsby

The company - well-known for its polo shirts - has expanded from selling clothes into the restaurant trade in recent years.
Mr Larsson, 41, led Old Navy from 2012 and has been credited with boosting sales, even as other Gap labels faltered. Before taking over Old Navy, he worked for the Swedish brand H&M for 15 years.
Ralph Lauren made $7.5bn (£5bn) in sales last year. CLICK FOR MORE PHOTOS

Mr Lauren said his successor was "exceptionally talented" and would bring "a fresh and exciting global perspective" to the company.

Buhari seeks military action against ISIS, Boko Haram, others

Buhari seeks military action against ISIS, Boko Haram, others
President Muhammadu Buhari on Tuesday harped on the need for world leaders to take military action, effective border security, intelligence collection, sharing and vigorous policing action against the Islamic State in the Middle East and other violent extremism across the globe.
He spoke during the Global Leaders’ Summit on Countering ISIS and violent extremism at the 70th session of the United Nations General Assembly in United States.
Stressing that Nigeria has noted with satisfaction the efforts of the UN and the rest of the international community towards containing ISIS, he said that world leaders need to do more.
He said: “We need to take military action combined with effective border security, intelligence collection and sharing, and vigorous policing action.
“These alone may not suffice, but they can certainly stem the tide and reverse the process of recruitment, movement and effective operation of foreign terrorist fighters and their associated radical extremists.
“In order to put in place the critical components of an effective approach to countering ISIS and eventually defeating it, we must address the threat from the source.”
He said that everything must be done to prevent young people from turning to terror in the first place.
“And the young people that turn to violent extremism do not exist in a vacuum – they are often part of communities and families and are lured into the fold of barbaric and nihilistic organizations, somehow, through a misguided appeal to their worst fears, expectations and apparent frustrations.”
Apart from addressing the causes of the attraction and how to deal with them, he said that close attention should be paid to other manifest factors that may not be tangible but can be crucial including good governance, which entails transparency, accountability and rule of law.
These factors, he said, remained the basis on which the process should be kick-started to rid the world of the menace of terrorism and violent extremism.

Volkswagen staff acted criminally, says board member


Olaf Lies
Image captionOlaf Lies speaking to Newsnight
Olaf Lies, a Volkswagen board member and economy minister of Lower Saxony has told Newsnight some staff acted criminally over emission cheat tests.
He said the people who allowed the deception to happen or who installed the software that allowed certain models to give false emissions readings must take personal responsibility.
He also said the board only found out about the problems at the last meeting.
About 11 million diesel engine cars are affected by the problem.
Mr Lies told the BBC: "Those people who allowed this to happen, or who made the decision to install this software - they acted criminally. They must take personal responsibility."
He said: "We only found out about the problems in the last board meeting, shortly before the media did. I want to be quite open. So we need to find out why the board wasn't informed earlier about the problems when they were known about over a year ago in the United States."

'Huge damage'

He said the company had no idea of the total bill to sort out the engines and cover any legal costs arising: "Huge damage has been done because millions of people have lost their faith in VW. We are surely going to have a lot of people suing for damages. We have to recall lots of cars and it has to happen really fast."
He added that the company was strong and that rebuilding trust - and ensuring the majority of the 600,000 workers at the car giant were not blamed, was its priority.
He added his apology to those already made by senior company figures and said: "I'm ashamed that the people in America who bought cars with complete confidence are so disappointed."
VW is working out how to refit the software in the 11 million diesel engines involved in the emissions scandal. Seat is the latest VW brand to reveal it, too, used the emission cheat device.
Broken down brand-by-brand they are:
  • VW - 5m
  • Audi - 2.1m
  • Skoda - 1.2m
  • Seat - 700,000
  • Vans - 1.8m
VW said it would inform customers "in the next few weeks and months" about how refits would take place.


Scandal spilling over

The scandal is continuing to hit VW's share price. On Tuesday it fell another 1.5%during morning trade in Frankfurt. The company has lost 35% of its market value since last Monday.
A survey of 62 institutional investors, by the investment banking advisory firm Evercore, showed 66% of them would not invest in VW for six months or until it clarified what costs, fines, and legal proceedings it faced.
The effects are also spilling over into the local economy around VW's headquarters in the German city of Wolfsburg. The city is expecting a fall in business tax revenue from VW and the mayor has announced a budget freeze and hiring ban on public sector workers.
The scandal was revealed after the US Environmental Protection Agency (EPA) found that some VW diesel cars were fitted with devices that could detect when the engine was being tested, and could change the performance to improve results.
Volkswagen, the world's biggest carmaker, has apologised for breaching consumers' trust. On Friday it announced that Matthias Mueller was replacing Martin Winterkorn as chief executive. Mr Mueller promised a "relentless" investigation to uncover what went wrong.
He said the group was "facing the severest test in its history."
German prosecutors said on Monday they were conducting a criminal investigation into Mr Winterkorn.

Buhari seeks military action against ISIS, Boko Haram, others


Buhari seeks military action against ISIS, Boko Haram, others
President Muhammadu Buhari on Tuesday harped on the need for world leaders to take military action, effective border security, intelligence collection, sharing and vigorous policing action against the Islamic State in the Middle East and other violent extremism across the globe.
He spoke during the Global Leaders’ Summit on Countering ISIS and violent extremism at the 70th session of the United Nations General Assembly in United States.
Stressing that Nigeria has noted with satisfaction the efforts of the UN and the rest of the international community towards containing ISIS, he said that world leaders need to do more.
He said: “We need to take military action combined with effective border security, intelligence collection and sharing, and vigorous policing action.
“These alone may not suffice, but they can certainly stem the tide and reverse the process of recruitment, movement and effective operation of foreign terrorist fighters and their associated radical extremists.
“In order to put in place the critical components of an effective approach to countering ISIS and eventually defeating it, we must address the threat from the source.”
He said that everything must be done to prevent young people from turning to terror in the first place.
“And the young people that turn to violent extremism do not exist in a vacuum – they are often part of communities and families and are lured into the fold of barbaric and nihilistic organizations, somehow, through a misguided appeal to their worst fears, expectations and apparent frustrations.”
Apart from addressing the causes of the attraction and how to deal with them, he said that close attention should be paid to other manifest factors that may not be tangible but can be crucial including good governance, which entails transparency, accountability and rule of law.
These factors, he said, remained the basis on which the process should be kick-started to rid the world of the menace of terrorism and violent extremism.

Afghan forces fight to retake Kunduz from Taliban


Media captionHow the Taliban bounced back; the BBC Paul Adam's explains in five simple steps
Afghan forces have been battling Taliban fighters to retake the city of Kunduz, a day after it fell to the insurgents in their biggest victory since their removal from power in 2001.
Heavy fighting has been reported, and President Ashraf Ghani said his forces had regained some government buildings.
Police said more than 80 militants had been killed, although there is no independent confirmation of this.
The Taliban overran Kunduz on Monday, forcing government troops to retreat.
The surprise attack on the key northern city came as President Ashraf Ghani completed his first year in office.
In a televised address on Tuesday, he said "progress" was being made recapturing Kunduz, but security forces had been hampered by the Taliban using civilians as human shields.
"The government of Afghanistan is a responsible government and it cannot bomb its people and compatriots inside the city and will not do so," he said.
US military planes had supported the operation, striking Taliban positions on the outskirts of the city, a Nato spokesman said.
The Afghan health ministry said Kunduz hospitals had received 16 bodies, with almost 200 people injured.
Medical charity Medecins Sans Frontieres‎ said its hospital in the city had been overwhelmed, with scores of patients suffering gunshot wounds.
Afghan special forces arriving in Kunduz, 29 September 2015Image copyrightReuters
Image captionAfghan special forces were deployed for the counter-attack
Afghan special forces arriving in Kunduz, 29 September 2015Image copyrightReuters
Image captionThe operation to retake Kunduz began early on Tuesday
Taliban fighters patrol the streets of KunduzImage copyrightReuters
Image captionTaliban fighters were seen out on the streets
Torn posters in Kunduz, 29 September 2015Image copyrightAP
Image captionPosters of Afghan political leaders were ripped down after the Taliban attack
Kunduz is the first provincial capital seized by the Taliban since they lost power in the US-led invasion 14 years ago.
Residents reported seeing Taliban fighters patrolling the streets in vehicles they seized during the offensive.
An eyewitness in Kunduz told the BBC that Taliban reinforcements arrived on Tuesday, with the situation too dangerous for locals to leave.
The Taliban's new leader, Mullah Akhtar Mansour, said the government should admit defeat.
Kunduz residents "should not be worried about their lives and property" and should "continue as normal", he said in a statement.
But the eyewitness said that while some locals had welcomed the Taliban, "most people are out there (on the streets) out of fear, and not out of sympathy".

Analysis: Dawood Azami, World Service

The seizure of Kunduz has huge propaganda value for the insurgents. Pictures of Taliban fighters hoisting their trademark white flags in the city's squares and main buildings have been circulating on social media.
The capture of one of the most strategic and richest cities of Afghanistan will not only cement the credentials of the new Taliban leader, Mullah Akhtar Mansour - it will also embolden the Taliban in general.
The Taliban's main challenge will now be to hold the city. The way the Taliban behave and govern the city, even if it is for a few days, will demonstrate how far the group has changed since the fall of their regime in 2001.
Meanwhile, they will also try to expand their control in the neighbouring provinces where they already control huge chunks of territory.

Nato ended its combat mission in Afghanistan in December, withdrawing most of its troops apart from a 13,000-strong residual force used for training and counter-terrorism operations.
Kunduz is strategically important as a transport hub for the north of the country.
Map showing Kunduz
The insurgent attack began at dawn on Monday as fighters fell upon the city from different directions.
They captured key buildings and freed about 500 prisoners, including members of the Taliban, from the jail.
Officials and troops retreated to the airport, though dozens of civilians who fled to the airport were reportedly turned away by security forces.
Media captionFootage showed prisoners, freed by the Taliban, running out of the prison in Kunduz
Militant violence has increased across Afghanistan since the departure of most US and Nato forces last year.
Kunduz province has seen a number of attacks since April, with the Taliban joining forces with other insurgents.

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