He added that 7,500 such vehicles have been registered in Germany and some 22,000 across Europe. He said that authorities will order an obligatory recall as in previous such cases. Alexander Dobrindt said Thursday that the model affected is a Cayenne 3-liter TDI that is still in production.

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The bank has said it does not plan to raise its benchmark interest rate from the current zero until well after the bond purchases end, which would mean not until 2019 at the earliest. Currently, the bank is contemplating phasing out its stimulus program over the course of next year. The bank has been buying 60 billion euros ($70 billion) of bonds a month in the hope of keeping market interest rates low, thereby helping to stimulate the economy and get inflation up to its goal of just under 2 percent.

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In fact, Wendy is considering opening another yoga studio knowing aside from finding and designing space, here business is easily duplicated at another location. Wendy pays a monthly fee for her service, but is pleased with how easy it is to add new users and grow her business with hardly an interruption in doing her core activities - which is teaching yoga and marketing her business.

He said that "a so-called warm-up strategy" is triggered when cars are being tested that is not activated during normal driving. Dobrindt said that the finding of the "defeat device" software resulted from tests carried out by German authorities.

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The ECB said it would engage banks in discussion about their models. It warned however that many banks are relying on questionable models to predict how their deposit customers might behave. That could happen if people chase higher rates elsewhere or get better offers for banking services from so-called fintech firms that use mobile banking, peer-to-peer lending or financial advice dispensed by software. The models were mostly constructed based on the years since 2008, which means they are based on experience from a period of falling rates. Deposits are usually one of the most stable sources of money for banks, and a sudden decision by lots of people to take their money elsewhere could hurt bank finances.

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As John's business grows, his computing needs become more complex and he now has his networking consultant on speed-dial. John uses several software services that are installed and networked among his computers. At this point Wendy's entire yoga business software is centralized and accessible over the Internet.

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