German cabinet approves first elite sports funding law

The German cabinet on Wednesday approved a draft for the nation’s first federal sports funding law. Interior Minister Nancy Faeser, whose portfolio includes sport, presented the draft which much pass through Germany’s two houses of parliament. The mini…

Honda Motor first-half profit falls but revenue rises

Japanese carmaker Honda Motor Co on Wednesday reported profit before taxes of 741.953 billion yen ($4.8 billion) for the first half, lower than 879.285 billion yen in the same period a year ago, primarily impacted by loss on investments as well as fina…