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The scandal rocking Volkswagen, in which the world's second largest car manufacturer is accused of fraud in its emissions tests, could ripple through the entire German automobile industry and "plunge it into a crisis of confidence," the country's leading business newspaper, Frankfurter AllgemeineZeitung, writes on Tuesday.

In a scathing column, Holger Appel suggests the scandal will leave the German car industry badly bruised and will dent its hard-built image of high-quality and efficiency. He also points to several "open-ended questions," namely who knew about the incriminated software and why it was covered up. "The reason why, despite its outstanding benefits, VW took such an immense risk is a mystery," Appel writes. "So too is why the company took so long to react."

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Geopolitics

Venezuela-Iran: Maduro And The Axios Of Chaos In The Americas

With the complicity of leftist rulers in Venezuela, Bolivia and even Argentina, Iran's sanction-ridden regime is spreading its tentacles in South America, and could even undermine democracies.

Venezuelan President Nicolás Maduro visiting Iranian President Ebrahim Raisi in Tehran, Iran on June 11. Venezuela is one of Iran's closest allies, and both are subject to tough U.S. sanctions.

Julio Borges

-Analysis-

CARACAS —The dangers posed by Venezuela's relations with the Islamic Republic of Iran is something we've warned about before. Though not new, the dangers have changed considerably in recent years.

They began under Venezuela's late leader, Hugo Chávez , when he decided to turn his back on the West and move closer to countries outside our geopolitical sphere. In 2005, Chávez and Iran's then president, Mahmoud Ahmadinejad, signed collaborative agreements in areas beyond the economy, with goals that included challenging the West and spreading Iran's presence in Latin America.

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