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Volkswagen's new boss said Wednesday the auto giant would need more than a year to fix all its pollution-cheating cars, as the company suspended four employees suspected of being behind the global deception. Matthias Mueller, who took over the driver's seat at VW at the height of the crisis, said he did not believe top management could have been aware of the scandal which threatens to cost the company billions in vehicle overhauls and fines. The world's biggest carmaker by sales has launched investigations into who was behind the scam involving over 11 million diesel cars which were equipped with software that switches the engine to a low-emissions mode during tests.
Rich nations have stepped up their climate aid for poorer nations, paying $62 billion (55 billion euros) last year, approaching a $100-billion annual target for 2020, the OECD said Wednesday. Up from $52 billion in 2013, the figure represented "significant progress towards the $100-billion goal", said a report from the Organisation for Economic Co-operation and Development, an intergovernmental research body. The new numbers will provide fodder for finance ministers and central bank chiefs meeting in Lima, Peru this week, where climate change is high on the agenda.
Sweden's Tomas Lindahl, Paul Modrich of the United States and Aziz Sancar, a Turkish-American, won the 2015 Nobel Chemistry Prize on Wednesday for work on how cells repair damaged DNA. DNA -- deoxyribonucleic acid -- is the chemical code for making and sustaining life. The three were lauded for mapping these processes, starting with Lindahl, who identified so-called repair enzymes -- the basics in the toolbox.