Global Markets: Russia Ruble weakens after U.S. sanctions

WINNIPEG, April 10 (CNS) – The CEO of Volkswagen could be on his way out. Reports indicate the German-based automaker wants to replace current leader Matthis Mueller with former BMW official Herbert Diess. Mueller has been under fire since Volkswagen was caught manipulating diesel emissions data in 2015.

The value of the Russian Ruble is falling after new U.S. sanctions were placed on a group of Russian businessmen and companies with ties to the Kremlin. On Tuesday, the Ruble hit its lowest point against the dollar and the Euro since 2016. Moscow says it plans to compensate the companies affected and considers the penalties unfair.

One of the world’s best known tech executives will testify before Congress today. Mark Zuckerberg is expected to address the hacking scandals that have gripped his company in the past few months. As many as 87 million Facebook accounts may have been mined by Cambridge Analytica, a company that consulted for Donald Trump’s 2016 presidential campaign. Zuckerberg is expected to be asked what his company is doing to make sure its data isn’t being misused. Some speculate this could be the first step towards tighter regulations for social media companies in the U.S.

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