Business

German government has approved €1.2 billion subsidy in the sale electric cars on Tuesday. The approval appears with signing an agreement by the senior government officials with the CEOs of electric car producing companies. Chancellor Angela Markel has chaired the meeting and the agreement has been reached on condition of equally sharing the required subsidy fund by the two parties.

The New York Attorney General’s office has announced reaching agreement with six ticket brokers violating concerned law. The office has so far collected $2.76 million in settlement since announcing investment in January in a view to offer fairer ticket market for the city dwellers.

Finally, Nkosana Makate has won a compensation lawsuit against his former employer Vodacom. The court instructs Africa’s largest mobile company to negotiate with Makate, paying a reasonable share generated from its ‘Please Call Me’ service. The service, an idea innovated by Makate, has been introduced by Vodacom in 2001 without providing him the promised revenue share.