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By David Shepardson and Joel Schectman WASHINGTON (Reuters) - German automaker Volkswagen AG has agreed to pay more than $15.3 billion in a settlement with U.S. regulators over pollution caused by its diesel vehicles, according to a source briefed on the matter. The settlement stems from VW's admission in September that it intentionally misled regulators by installing secret software that allowed U.S. vehicles to emit up to 40 times legally allowable pollution. The Justice Department filed a proposed consent decree that confirms VW will set aside $10.033 billion to cover buybacks and fixes, $2 billion to invest in green energy funds and $2.7 billion to offset diesel emissions.
By Michael Holden and Elizabeth Piper LONDON/BRUSSELS (Reuters) - European leaders told Britain on Tuesday to act quickly to resolve the political and economic chaos unleashed by its vote to leave the European Union, a move the IMF said could put pressure on global growth. British finance minister George Osborne, whose attempt to calm markets fell on deaf ears on Monday, said the country would have to cut spending and raise taxes to stabilize the economy after a third credit ratings agency downgraded its debt. European countries are particularly worried about the impact on the rest of the EU of the uncertainty created by Britain's vote to leave, with little idea of when, or even if, the country will formally declare it is quitting.