Bloomberg Hundreds of Takata Corp. airbag inflators pulled from cars in the auto industry’s biggest recall later ruptured in testing, showing the potential risks to drivers. Documents released Friday by the National Highway Traffic Safety Administration (NHTSA) reveal that of 245,000 recalled airbag inflators pulled from cars and tested, 660 ruptured. As many as 15 deaths worldwide have been ...

  Bloomberg An Indian court issued arrest warrants for Malaysian billionaire T. Ananda Krishnan and Ralph Marshall, deputy chairman at Krishnan-controlled Astro All Asia Networks Plc, in connection with an investigation into alleged phone-license corruption. Krishnan controls Malaysia’s Maxis Group. A court in New Delhi said on Saturday it will split the matters into separate cases for allegations against Krishnan ...

  Bloomberg Six years ago, India’s biggest share sale was in commodities. Now, as the IPO market heats up again, the key to investors’ hearts lies in finance. ICICI Prudential Life Insurance’s float has attracted strong demand, drawing orders of 10.5 times the amount of stock available to raise as much as 60.6 billion rupees ($909 million). It’s the nation’s ...

  Los Angeles / AFP Police were searching on Saturday for a gunman who killed five people during a shooting at a mall in the US state of Washington, amid a raging national debate over gun control. Four women and one man were killed, police said in an updated toll. The man had been taken to hospital with life-threatening injuries, ...

  Cairo / AFP An Egyptian court on Saturday sentenced seven men to hang for killing a police general in the unrest following the 2013 military overthrow of president Mohamed Morsi. It was the defendants’ second trial, after having won an appeal against an initial sentencing. They can appeal one last time. General Nabil Farag was shot dead in September 2013 ...

  Wonsan / AFP Just weeks after carrying out its fifth nuclear test, North Korea put on an unprecedented civilian and military air force display on Saturday at the country’s first ever public aviation show. The two-day Wonsan International Friendship Air Festival was held at the newly refurbished Kalma Airport — previously a military airfield — completed last year to boost ...

  Washington / AFP President Barack Obama vetoed a bill allowing 9/11 families to sue Saudi Arabia, risking a fierce public backlash and rare congressional rebuke. While expressing “deep sympathy” for the families of the victims, Obama said the law would be “detrimental to US national interests.” The White House tried and failed to have the legislation — which was unanimously ...

  Vienna / AFP German Chancellor Angela Merkel, stung by several setbacks at the ballot box over her refugees policy, was due in Vienna on Saturday for potentially tense talks with the leaders of countries along the Balkan migrant route. They include Prime Minister Victor Orban of Hungary who has been sharply critical of Merkel’s “open-door” policy, Prime Minister Alexis Tsipras ...

  Bloomberg At least 60 nations have agreed to join the voluntary phase of a United Nations programme that would require international airlines to buy credits offsetting their pollution, including new commitments from major emitters like Japan, South Korea, and the United Arab Emirates. The White House believes the new commitments provide critical momentum for the proposed deal heading into ...

  Bloomberg Alaska Air Group Inc. and Virgin America Inc. have agreed to give US antitrust officials more time to review their $2.6 billion deal after the government raised concerns that the combination may undermine competition in some markets. Alaska didn’t specify how much more time it’s given to the Justice Department to complete the review. The airlines had originally ...