The automaker anticipates the costs of the scandal might exceed 30 billion euros ($33 billion), according to a German monthly magazine.
Israel has seen a decline in exports this year, but the trade deficit has narrowed since last year.
The news of the job cuts comes after days of speculation over the company's future plans in the U.K.
Some automobile-industry experts say the existence of several versions of the defeat device raises the possibility that a range of employees were involved in the deception on emissions tests.
Several German media outlets have reported that Martin Winterkorn, who quit at VW last month, would step down from his remaining posts related to the company in coming days.
India's popular comfort food, Maggi instant noodles, could be back in the stores soon, as court-mandated tests showed they are safe for consumption.
The Taiwanese chip maker, which has already closed down its solar panels unit, is suffering from the effects of the slowdown in China, the world's biggest smartphone market.
Thousands of factory workers and suppliers were affected after Shenzhen-based Fu Chang announced its closure, amid a slowdown in the market.
India and Germany put trade ties at the center of a three-day visit by Chancellor Angela Merkel to the subcontinent.
Rising tensions across the Middle East, Europe and East Asia have kept international dollars lining the pockets of U.S. defense firms.
The move was expected but marks a blow to the company's longtime Puget Sound manufacturing base.
India, under Prime Minister Narendra Modi, has stepped up its defense purchases -- from Rafale jets to Apache choppers.
The company is moving 500 jobs overseas, citing the expiration of the Export-Import Bank. CEO Jeff Immelt has been outspoken in his support for the bank.
The European aerospace giant and Boeing rival on Monday opened a final assembly line in Mobile, primarily for its A321 jetliners.
By the end of 2017, Airbus will make four A320 aircraft a month in Mobile, Alabama, creating 1,000 jobs in the U.S.
India is bolstering its attack capabilities by moving quickly on the $400 million deal, the Economic Times reported.
The deal will allow Cipla to expand into the world's largest pharmaceuticals market, as it competes in the generics market.
The court indicted the owners of the Tazreen Fashions, and 11 employees, including factory managers and security guards.
Preliminary data for August showed factory output at its lowest since 2009, though some economists predict an improvement in coming months.
Toyota says it has to temporarily halt production at second factory because of last week’s industrial accident in Tianjin.
Workers at the nation's largest steel companies may be asked to pay health premiums or endure a wage freeze.
Berkshire Hathaway's potential purchase of Precision Castparts could be announced as soon as next week and be valued at more than $30 billion.
Steel and concrete producers aren't thrilled, but some architectural firms and the federal government support building wooden high-rise buildings.
Economists are concerned about a slowdown in real estate investment and consumption growth, and at the potential impact of stock market volatility.
A sprawling complex in China’s Guangdong Province hopes to be an incubator and marketplace for the robotics industry, officials say.
Big Blue's new chips are a microscopic 7 nanometers small. By comparison, a strand of DNA is 2.5 nanometers.
Renewing the bank should be a textbook example of bipartisan cooperation. But as of Wednesday morning, there is no more Ex-Im Bank.
Consumers in India still crave Maggi noodles amid a recall that has Nestlé fighting to save one of its most popular products.
Raytheon said the new SM-3 IIA missile had bigger rocket motors and a more capable kill vehicle that would allow the missile to engage threats sooner.
It is not clear whether the SEC investigation is limited to the spending allegations or is broader in scope.