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Takata sets aside $189 million in air bag recall costs

  Tokyo / Bloomberg Takata Corp. raised provisions for its air bag recalls that involve more than a dozen auto manufacturers, after denying reports that the biggest safety crisis in the industry’s history will expand further. The auto parts supplier will book a combined 20.1 billion yen ($189 million) in charges, 16.6 billion of which was decided after reviewing air ...

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ECB deep freeze on €500-note risks German cold shoulder

  Bloomberg When European Central Bank policy makers discuss the fate of the €500-note this week, they may want to consider the case of Fabio Rizzi. After the local politician in the Italian region of Lombardy was arrested on corruption charges in February, police found more than €17,000 including €500- and €200-bank notes stashed in his home, according to the ...

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French prez Hollande could nix TTIP if agriculture threatened

  Paris / AFP France will reject the ambitious TTIP transatlantic trade pact if it endangers the future of French agriculture, President Francois Hollande warned on Sunday. “We in France have to defend a certain number of principles” and be “extremely vigilant as it is the future of agriculture which could be at stake,” Hollande’s office said. French politicians have ...

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