Following the global Volkswagen scandal prosecutors in Germany have commenced an investigation into the “allegations of fraud in the sale of cars with manipulated emissions data”, with former Volkswagen chief executive Martin Winterkorn reportedly facing criminal charges.

Winterkorn resigned last week, after nearly a decade leading the world’s largest automakers, insisting at the time of his resignation that he had no knowledge of the deliberate manipulation of emissions results in more than 11 million diesel-engine vehicles produced by the company.

Regulators in the United States discovered “cheat” software in some VW built diesel engines which lowered emissions when cars were being inspected.

Several parties – apparently even including VW themselves – have raised official complaints about the matter to prosecutors in Braunschweig, near the company’s HQ in Wolfsburg.

The number one global carmaker in terms of absolute sales have apparently set aside €6.5bn to deal with the fallout of the scandal but some experts believe VW could face up to $18bn in potential fines.

The former boss of VW owned brand Porsche, Matthias Mueller, was announced as the successor to Winterkorn on Friday. The revelations about the deliberately deceptive emissions software have rocked the European car industry and senior VW executives have been called to Brussels for discussions with senior EU officials.

VW owned brand Audi say more than two million of its cars are fitted with the software worldwide, mostly in Europe but also in the United States. Several news agencies have reporting that VW has suspended senior Research & Development directors across its family of brands, including Audi and Porsche.

Volkswagen shares have lost about 35% of their value since the manufacturer acknowledged wrongdoing in the US emissions tests. In addition to potential fines from authorities across the world, senior staff are facing potential lawsuits from clients and shareholders.

Investigations have also been initiated in Italy, France and South Korea, whilst authorities in Switzerland have even temporarily banned the sale of diesel-engine VW vehicles. The company have been told to recall more than half a million vehicles in the U.S. and sales have been suspended there.

Owners of VW vehicles have been advised by U.S. regulators that their cars are safe to drive, but ultimately the cars involved need to be repaired by mechanics in order to pass emissions tests with the benefit of the ‘cheat software.’

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US tech giant Apple has admitted it is undertaking work to counter breaches of the App Store, after malware code was added to a number of apps for iPads and iPhones which are popular in China.

Apple, who earlier this year reported the biggest quarterly profit ever by a public company when a net profit of approx £12bn was reported in the fiscal first quarter, has generally been regarded as producing security tight platforms and products, so this attack comes as something of a surprise.

The attack is believed to be the first large-scale attack the App Store, after hackers produced a fake version of Apple’s iOS app-building software, which was promoted to developers to download. Apps created with the software allowed leaking of app-user data, with the information being sent back to the hackers’ servers.

The malware also prompted users to reveal passwords and additional data through fake alerts on infected apps and devices. The apps affected were typical mass consumption apps such as an Uber-style taxi app, a music download management app and the WeChat app developed by Tencent.

Most of the apps were only available in China and most users affected were Chinese, but some affected apps are also available outside China.

A spokesperson for Apple, Christine Monaghan, stated that apps created with the malicious software, called XcodeGhost, were now eliminated. She commented, “We are working with the developers to make sure they’re using the proper version of Xcode to rebuild their apps.”

For years the stability of Apple’s devices has been one of the company’s core strengths with their MacBook computers, in addition to their handheld devices, hailed by users for their consistently well performing operating systems.

computerworld.com recently said of the new iOS 9, “Apple’s free update to its mobile OS, delivers relevant information, smarter search, better security and much needed stability.” Such plaudits have long been commonplace for the California based tech giant, but this weekend’s Chinese attack shows that no-one is immune to cyber security issues.

The App Store is generally regarded as a secure marketplace as the barrier to entry is kept high by Apple and instances of malware on iOS apps have occurred.

However, on this occasion both Apple and the Chinese iOS app developers have been caught out.

Reacting to the attack Wee Teck Loo, head of consumer electronics at market research firm Euromonitor International, told the BBC he did not expect it to have any significant impact on Apple’s product sales.

“It is definitely embarrassing for Apple but the reality is that malware is a persistent problem since the days of PCs and the problem will multiply as the number of mobile devices explodes from 1.4 billion units in 2015 to 1.8 billion in 2020,” he commented.

Apple will hope this is a blip and will continue to maintain their undoubtedly high standards. Their aforementioned record Q1 profit of approximately £11.8bn ($18bn) is the biggest in history for a public company, beating the $15.9bn made by ExxonMobil in Q2 of 2012.

The company recently revealed their new iPhone 6s and iPhone 6s Plus, which are officially launched for sale on 25^th September. The pre-order period commenced on 12th September after the new phones were unveiled earlier in the previous week.

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Ryanair could start an airfare value war, with radical strides to help traveler numbers. Michael O’Leary is cutting costs a mind-boggling 8% this winter. He likewise says he needs to work with different carriers, so they distribute one another’s costs on their sites – making it less demanding for individuals to go direct and locate the least expensive arrangement.

O’Leary declared that over the past three months, the normal Ryanair admission tumbled to £32 – as lower fuel costs were conveyed forward into lower airfares. In any case, he said the firm wouldn’t stop here, and that airfares would be cut somewhere around 4% and 8% on account of ‘extremely forceful valuing’. These value slices will apply to flights in the middle of November and March.

The cuts are mostly in light of the fact that he is flying more planes on more courses – expanding limit by 15%. It’s an offer to get more travelers from his rivals, and in light of the fact that Ryanair costs to fill the planes, it implies the normal airfare is liable to fall with a specific end goal to convince more individuals to fly.

The other driver is modest fuel – which he said represented a 7% drop at the expense of flying.

Will this mean a value war?

They’re a risk this could incite a value war – especially in the ranges where Ryanair is growing most forcefully. A key battleground will be Dublin, where Are Lingus has been assumed control by AIG (Ryanair claimed 30%), and both firms are focused on winning travelers from each other. The quantity of Ryanair airplane based in Dublin will ascend from 21 to 25, and is relied upon to rise even more, with an end goal to hold costs down and traveler numbers up.

In any case, somewhere else, there’s less proof of an imaginable value war. It merits bearing in kind that this isn’t the first occasion when that O’Leary has talked-up the likelihood of a value war. It’s to his greatest advantage, as he needs to see his rivals taking a hit with a specific end goal to diminish air passages. However, it doesn’t mean different carriers will take the snare.

We will need to see whether this winds up being an all out value war, or simply the opportunity to eat up a couple deals from Ryanair.

Value correlation

O’Leary has additionally reached four different carriers to attempt to induce them to share their costs on one another’s sites. Again, this is something that would make a valuable war more probable, yet he says he has not heard once more from them – so at this stage, it’s dubious whether this move will create much else besides more exposure for Ryanair.

The carrier likewise declared that it posted a 25% ascent in quarterly benefits, which owes an incredible arrangement of higher traveler numbers: the quantity of individuals flying with the firm over the past three months ascended from 24.3 million to 28 million

Why search for a bank for your vacation cash when there’s a complete nation brimming with individuals you can swap with?

That is the reason of WeSwap, another cash benefit meaning to give vastly improved charges by removing the agents. WeSwap is a very good way to get cheap holiday money as it has all the must-have features of a Banking App. Simply sign up and pay the sum you need to change over, and determine the money a lot of.

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WeSwap will then send which you pre-paid card that can be utilized began this morning shops, eateries and at ATMs. Inside interim, the pounds you’ve paid over check out somebody going by the BRITISH.

Your card can hold nearly 16 monetary forms on your double, from US dollars for you to Polish zlotys.

Be that as it can, exactly how great are your rates?

Clients who can induce five companions to opt-in are right now being provided sans commission cash trade eternally. Something else, WeSwap charges 1. 4% payment for moment exchanges, 1. 3% on the off chance that you can hold up three days and only 1% when you give a week’s notice.

In any case, the trade itself is done with the mid-business sector rate – as good as that offered by most banks and trade authorities.

At on this occasion, that implies WeSwap clients are getting €69. 88 for £500 charges included, for a moment change.

That is a far superior rate compared to the present offerings from numerous high road names. The same quantity would just net €60. 72 from Telegraph Travel, €60. seventy-five from RBS and €60. 82 through Natwest, for instance.

Also, the very best rates we can discover today are €66. 44 from Barclays, €67. 01 through P&O Ferries and €68. 93 through Debenhams – all still far more terrible than WeSwap.

Be that as it can, there is a sting from the tail for WeSwap clients that aren’t general voyagers. On the off chance that you don’t utilize your card for per year, the organization will begin charging an expense of £2 a month along the card stays inert. There exists a £1 additionally. 50 charge for almost any ATM withdrawals under £200.

WeSwap, to get it plainly, searches incredibly for successive explorers and enormous spenders, yet for most could be more costly than it first occurs.

A few individuals, as effectively, may discover themselves put off from the organization’s London Underground promoting crusade previous this mid-year.

“We can’t swap your missus for any Swedish supermodel. However, we can swap your hard earned money for her Krona, ” examine one.

There was an objection on Twitter and – you got it – the organization swapped to some less-h.

The Financial Conduct Authority has uncovered the consequences of an examination concerning how casualties of card extortion are dealt with by their banks. They raised various worries about the tenets, the level of comprehension from clients, and the challenges a few clients confronted in getting their cash reimbursed. On the other hand, they don’t plan to make a move.

The FCA brought the issue move down in March 2014, when they said that casualties may be unreasonably denied discounts, and dispatched an examination to see whether the circumstance was sufficiently terrible to oblige intercession. At last they chose banks are making an adequate showing to be allowed to sit unbothered. Then again, they highlighted various issues.

They investigated the strides banks take when there are “unapproved” exchanges on current records and Mastercards. This can be anything from a record exchange to an ATM withdrawal or a card exchange that the record holder was uninformed of. They needed to make certain that individuals got the discounts they were qualified for – and that banks were not unjustifiably dismissing the cases.

The uplifting news was that organizations are to a great extent conveying on the shields the law obliges them to offer. This incorporates things like discounting unapproved installments quickly unless there is confirmation of motivation to decline a discount. It included: “Firms have a tendency to fail in favor of the client when inspecting cases.”

In any case, it additionally illustrated regions where clients are coming up against major issues. The principal is that not every one of the terms and conditions joined to money related items are reasonable, and some make it hard for individuals hold fast to all the security procurements they are relied upon to make.

What’s more, they found that clients aren’t wading through these terms and conditions, so they aren’t mindful of the strides they have to take keeping in mind the end goal to be secured against extortion. One specific issue was that individuals attempted to recollect every one of the PINs and passwords they were relied upon to utilize, and accordingly numerous were thinking of them down or sharing them. The issue is that this is correctly the kind of thing that can mean they are not qualified for a discount on the off chance that they are a casualty of extortion.

On the positive side, most banks were not thoroughly upholding the harshest standards in their terms and conditions, yet the danger remains that they could change this arrangement in future, and begin declining claims on this premise.

At long last, the FCA brought up that in a few examples the case procedure was laborious. It said: “The cases experience fluctuated from moment fulfillment to drawn out, disappointing encounters.” It highlighted that clients could be left sitting tight months for a choice, and needing to pursue the bank for an answer. It implied that, notwithstanding when they, in the long run, recovered their cash, a considerable lot of them were left irate and baffled at how their bank had taken care of the matter.

Be that as it may, what do you think? Have you been a casualty of misrepresentation? What’s more, would you say you were content with how your bank took care of it? Tell us in the remarks.