News Headlines - 07 July 2016

▽Lotte Founder’s Daughter Arrested Amid Investigation Into Korean Conglomerate - WSJ

A senior member of the family that controls South Korea’s Lotte conglomerate was arrested on Thursday as prosecutors step up an investigation into the country’s fifth-largest business group.

▽VW, BMW and Daimler raided in steel price-fixing probe — FT.com

Six of Germany’s largest carmakers and parts suppliers were raided by the country’s cartel authority on Tuesday over suspicions they had colluded when buying steel.

▽Japan’s DeNA Says Get on the Self-Driving Bus - WSJ

Japanese mobile internet company DeNA Co. said Thursday that it would start a transportation service in Japan that uses self-driving buses, its latest push into autonomous driving.

▽Bunch of grapes sells for ￡8,350 in Japan | The Guardian

A bunch of grapes has fetched a record price at an auction in Japan, where the fruit is considered a status symbol.
The bunch of about 30 grapes of the Ruby Roman variety sold for 1.1m yen (￡8,350) – about ￡270 a grape. Each grape is roughly the size of a ping pong ball.

▽Spanish football clubs to repay tens of millions in illegal state subsidies | The Guardian

Real Madrid, FC Barcelona and five other Spanish football clubs must repay tens of millions of euros in illegal state subsidies, after the EU executive found they had received unfair financial aid from their government.
Real Madrid, the world’s top-earning football club, will have to repay €18.4m (￡15.4m), after the European commission judged that an overpriced land deal with local authorities in the Spanish capital was unfairly tilted in the club’s favour.