Bloomberg Swedish auto-maker Volvo Cars is recalling 507,000 vehicles worldwide because of a faulty engine component that, in extreme cases, could result in a fire. The company, which is owned by China’s Zhejiang Geely Holding Group Co, said its own “investigations have identified that in very rare cases the plastic engine intake manifold may melt and deform.” “In the very ...

Bloomberg Public backlash in South Korea against Japanese products has dented some sales of tour packages, and analysts say the boycott could spread to luxury cars and retailers as a trade spat between the two countries shows no sign of abating. While Fast Retailing Co doesn’t have a large exposure to Korea through its Uniqlo stores, the clothing chain may ...

Surprisingly for someone who made her name in part by criticising the practices of Wall Street, Senator Elizabeth Warren is slowly winning the respect of the industry. Tech billionaire Peter Thiel fears a Warren administration, and it would most likely take on certain players in finance – private equity and hedge funds, CEOs, and the very wealthiest Americans. She announced ...