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Wednesday Papers: VW shares tumble as global inquiries launched

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Top stories Financial Times: Shares in carmakers in Europe and the US tumbled, as investors worried that the Volkswagen scandal could draw in other carmakers and threaten the future of diesel technology - already under fire from policymakers concerned about air quality in Europe. The Daily Telegraph: Almost £44 billion was wiped off Britain’s leading companies in a torrid trading session which saw the mining heavy FTSE sink to its lowest level since "Black Monday", as analysts warned another “crash” in global markets is possible. Financial Times: Instagram, the photo-sharing app owned by Facebook, said on Tuesday that its active monthly user base had reached 400 million, growing faster than...

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