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Honda to recall 20mn more Takata airbags

  Tokyo / Bloomberg Honda Motor will recall an additional 20 million Takata-made airbags globally, a newspaper said on Sunday, in a widening scandal that has led to the biggest auto recall in US history. Tokyo-based auto parts giant Takata is struggling to deal with a defect that can send metal and plastic shrapnel from the inflator canister hurtling toward ...

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China trade shrinks in April in troubling sign for economy

  Tokyo / Bloomberg China’s trade shrank in April in a sign government stimulus is failing to jolt the world’s second-largest economy out of a prolonged slowdown. Exports contracted by 1.8 percent from a year earlier to $172.7 billion, falling back into negative territory after March’s temporary burst of 11.5 percent growth, customs data showed on Sunday. Imports plunged 10.9 ...

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Disney lifts veil in sneak preview of $5.5bn Shanghai Park

  Beijing / Bloomberg Walt Disney Co. employees and guests received a sneak preview of Shanghai Disneyland, as the world’s largest entertainment company gets set for next month’s official opening of its first theme park in mainland China. A trial run for the $5.5 billion Shanghai Disney kicked off recently. Guests are limited to the resort’s employees, partners and stakeholders, ...

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Athens has ‘basically achieved’ its reform goals: EC’s Juncker

  Frankfurt / AFP Greece has “basically achieved” the objectives of the reforms required by its creditors and its eurozone partners will begin discussing possible debt relief for the country, according to European Commission head Jean-Claude Juncker. “We are now at the time of the first review of the programme (to aid Greece) and the objectives have been basically achieved,” ...

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Crunch Eurozone meet to discuss on Greece debt deal

  AFP Eurozone finance ministers hold an emergency meeting on Monday to try to thrash out a difficult deal on fresh reforms for Greece as fears grow of a repeat of last year’s chaotic bailout negotiations. The ministers from the 19 countries that use the euro — the Eurogroup — will also discuss debt relief for Greece, which the International ...

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ECB to halt production of €500 banknotes

  FRANKFURT / AP Production of the 500-euro banknote is being discontinued amid concerns it had become too popular among crooks and money launderers. The European Central Bank, the monetary authority for the 19 countries that use the shared currency, made the decision at a meeting. The ECB said it was taking into account concerns that the banknote, which is ...

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Security forces on alert ahead of tense Philippine elections

  Manila / AFP Security forces fanned out across the Philippines on Sunday on the eve of national polls, following a vicious and deadly election campaign dominated by presidential favourite Rodrigo Duterte’s threats to kill thousands of criminals. Surveys show Duterte, mayor of the southern city of Davao, has a clear lead in Monday’s presidential elections as millions of voters ...

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UN envoy bids to break Yemen peace talks impasse

  Kuwait City / AFP The UN special envoy to Yemen held talks on Sunday with the country’s warring parties in a bid to break an impasse, a day after the government pulled out of direct negotiations. Ismail Ould Cheikh Ahmed held separate morning talks in Kuwait City with delegates, and plenary or committees’ meetings were planned in the afternoon, ...

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