BiS: - Business news for the creative coast.


Trump complains about German trade surplus – what’s behind it?

President Donald Trump has criticized Germany’s trade surplus with the United States. Germans say their products are just better and people want to buy them. Here’s a look at Germany’s trading relationship with the U.S. and the rest of the world.

FILE - In this Sunday, Oct. 9, 2016 file photo, shipping containers are stacked on a ship in the port in Hamburg, Germany. US President Donald Trump keeps criticizing Germany’s trade surplus with the United States. Germans respond by saying their products are just better and people want to buy them. (AP Photo/Matthias Schrader, File)

Volkswagen emissions-cheating deal could put employees in hot seat

The imminent criminal plea deal between Volkswagen and U.S. prosecutors in an emissions-cheating scandal could be bad news for one group of people: VW employees who had a role in the deceit or subsequent cover-up.

What record low interest rates mean for savers, economy

Record low interest rates were meant to be a temporary response to the global financial crisis.

FILE - In this Aug. 22, 2014 file photo, Federal Reserve Chair Janet Yellen, right, and European Central Bank President Mario Draghi walk together during the Jackson Hole Economic Policy Symposium at the Jackson Lake Lodge in Grand Teton National Park near Jackson, Wyo. Record low interest rates were meant to be a temporary response to the global financial crisis. But eight years later, rates are still near zero in much of the developed world - and some experts are warning of long-term side effects. The Federal Reserve lowered its short-term benchmark - which determines the cost of overnight lending between banks - to between zero and 0.25 percent in December 2008. The European Central Bank reached zero in March and the Bank of Japan in late 2010. Just last week, the Bank of England cut its benchmark rate to 0.25 percent and indicated it could bring it closer to zero. (AP Photo/John Locher, file)

Pressure grows on Volkswagen as bad news piles up

The fallout from Volkswagen’s emissions-cheating scandal intensified Wednesday, as investors bailed out and European regulators pressured VW to quickly disclose the findings of an internal investigation. In the U.S., the company halted sales of seven models that allegedly were part of the cheating.

Investors and regulators put more pressure on Volkswagen on Wednesday after the company said it had understated the carbon dioxide emissions for 800,000 cars, widening its scandal over cheating on U.S. engine tests. Photo Credit: AP

VW CEO: Emissions fixes could take until end of next year

Volkswagen said a recall of cars with software that can be used to evade emissions tests could start in Germany in January and last until the end of next year.

Hans Dieter Poetsch, new chairman of the board of directors of the Volkswagen stock company, arrives for a press statement at the company headquarter in Wolfsburg, Germany, Wednesday, Oct. 7, 2015. He fills a position vacated when longtime chairman Ferdinand Piech resigned in April. (AP Photo/Michael Sohn)

5 stunners from the Geneva car show

Forget driverless cars, electric power or even green technology. There is no doubt what visitors are coming to see at the glamorous Geneva motor show: supercars.

The Lexus City Car Concept is on display during the second press day at the Geneva International Motor Show in Geneva, Switzerland Wednesday March 4, 2015. . The Motor Show will open its gates to the public from March 5 to March 15. (AP Photo/Keystone,Martial Trezzini)