European Central Bank President Mario Draghi said policy makers aren’t convinced a recent pickup in inflation will be sustained, and asked German savers to be patient as they clamor for higher interest rates.
President-elect Donald Trump doesn’t take office until Friday, but he is already forcing India’s mammoth $108 billion technology outsourcing industry to rethink hiring practices in the U.S., its largest market.
Martin Winterkorn, Volkswagen’s former chief executive, denied having any personal knowledge of the German car maker’s diesel-emissions cheating in his first major public appearance since the scandal broke in September 2015.
Costco, the warehouse retail giant, began selling golf balls last fall under its Kirkland Signature brand. The balls instantly ranked among the cheapest on the market, but by some accounts, they perform like rivals that sell for more than twice as much.