Volkswagen brand chief says no plans to step down despite investigation

Diess, member of the Board of Management of Volkswagen AG attends Volkswagen AG annual news conference in WolfsburgVolkswagen&;s brand chief, Herbert Diess, is not planning to resign even though he is the subject of investigation by public prosecutors, he told a German newspaper. "It&039;s not up for debate," Diess told Sueddeutsche Zeitung in an interview published on Monday, when asked if he had thought about stepping down as a result of the probe. Volkswagen&039;s reputation will take 12-18 months to recover from the crisis, although a strategic turnaround will take up to 14 years, Diess added.

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Guinea-Bissau records first three cases of Zika

Zika is benign in most people but has been linked to microcephaly -- a shrinking of the brain and skull -- in babies, and to rare adult-onset neurological problemsGuinea-Bissau has recorded three cases of Zika, becoming the second country in West Africa where the dangerous viral disease has been detected, the government said on Saturday. "Three cases of contamination by Zika virus have been confirmed," a statement quoted Health Minister Domingos Malu as saying. The cases occurred in the Bijagos archipelago, a group of 88 islands of which 23 are inhabited, Malu told a cabinet meeting on Friday.

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China factory activity stalls in June, more stimulus expected

An employee works on an assembly line producing automobiles at a factory in QingdaoBy Elias Glenn BEIJING (Reuters) – Growth in China&;s manufacturing sector stalled in June, an official survey showed on Friday, adding to expectations that Beijing will have to roll out more stimulus soon to boost the sluggish economy. A similar survey showed activity in China&039;s services sector picked up in June, which if sustainable would indicate progress in the government&039;s bid to rebalance the economy. The outlook for Chinese exporters, a major force in the manufacturing sector, has been clouded further by Britain&039;s vote last week to exit the European Union, which Premier Li Keqiang said "increased uncertainties in the global economy".

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