Major Shake-ups: Manchester United, Wise, & Volkswagen Hit Headlines

Manchester United has sacked manager Erik ten Hag; Wise CEO Kristo Kaarmann faces a hefty fine for tax issues; Volkswagen plans to close several plants in Germany and cut jobs; England to increase bus fare cap. Each story marks significant changes in their respective sectors.

In a surprise move, Manchester United has dismissed their manager Erik ten Hag after a lackluster performance in his third season. The Dutchman was unable to drive the team toward anticipated success, leading to his abrupt exit.

The Financial Conduct Authority in the UK has imposed a fine of 350,000 pounds on Kristo Kaarmann, CEO of the money transfer firm Wise Plc. The penalty is linked to his regulatory disclosures concerning personal tax issues.

Volkswagen is set to implement drastic changes by closing at least three of its factories in Germany and reducing its workforce significantly. The car manufacturer's decision comes in light of a major overhaul strategy.

(With inputs from agencies.)