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Australian consumer watchdog investigates air bag recall
SYDNEY (AP) — Australia's consumer watchdog said on Monday it was urgently seeking information from the government regulator and car manufacturers after a magazine reported that recalled Takata air bags were being replaced by faulty air bags.Australian consumer magazine Choice discovered car makers were refitting faulty Takata air bags in recalled vehicles as a temporary solution after questioning 14 car manufacturers in Australia.
Many confirmed that a percentage of the vehicles were refitted with like-for-like replacements and would need to be recalled again,... Read More
Asian shares mostly lower as attention turns to Fed meeting
TOKYO (AP) — Asian shares mostly slid Monday, with Chinese benchmarks countering the trend, as market attention turns to the U.S. Federal Reserve meeting later in the week.KEEPING SCORE: Japan's benchmark Nikkei 225 lost 0.9 percent in morning trading to 19,927.29. Australia's S&P/ASX 200 was down 1.2 percent to 5,654.40. South Korea's Kospi dipped 0.2 percent to 2,445.91. Hong Kong's Hang Seng added 0.5 percent to 26,851.37 and the Shanghai Composite index gained 0.2 percent to 3,245.04. Shares in Southeast Asia were mixed.
FED FACTOR: The monetary policymaking... Read More
White House indicates Trump would sign new sanctions bill
WASHINGTON (AP) — The White House indicated Sunday President Donald Trump would sign a sweeping Russia sanctions measure, which the House could take up this week, that requires him to get Congress' permission before lifting or easing the economic penalties against Moscow.Lawmakers are scheduled to consider the sanctions package as early as Tuesday, and the bill could be sent to Trump before Congress breaks for the August recess. The legislation is aimed at punishing Moscow for meddling in the presidential election and its military aggression in Ukraine and Syria.
Victory for 'Dunkirk' and 'Girls Trip' at the box office
LOS ANGELES (AP) — It's victory for "Dunkirk" and "Girls Trip" at the box office this weekend. Both original and well-reviewed films smashed expectations and enticed diverse audiences to the theaters, even though cumulatively summer remains down from last year.Christopher Nolan's World War II epic brought in an estimated $50.5 million to easily top the charts, according to Warner Bros., while the raucous comedy "Girls Trip" broke the R-rated comedy slump of 2017 with $30.4 million to take second place.
"Dunkirk" was far from an inevitable summer success, but... Read More
Few US cities mandate sprinklers in old residential towers
HONOLULU (AP) — A high-rise fire recently claimed the lives of three people in Honolulu, and the apartment building where the blaze broke out had no fire sprinklers.The tower overlooking Waikiki was constructed in 1971, before sprinkles were required for new construction in the city, a trend echoed in major cities across the U.S.
While most cities mandate sprinklers in newly built high-rises, many older residential towers lack the safety measure. Here's a look at policies in some of the country's largest cities:
NEW YORK
New York City... Read More
Top Stories in Business/Finance
- Southeast Asian ride-hailing app Grab raises $2.5 billion
- Australian consumer watchdog investigates air bag recall
- Asian shares mostly lower as attention turns to Fed meeting
- New York Times asks 'Fox & Friends' for apology
- White House indicates Trump would sign new sanctions bill
- Victory for 'Dunkirk' and 'Girls Trip' at the box office
- Average US gas prices rise a penny, reversing 11-week trend
- Few US cities mandate sprinklers in old residential towers
- Some urge sprinkler mandates across US after Honolulu fire
- BBC women want wide gender pay gap fixed now, not in 3 years
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