Japan may expand air bag recalls; worried about impact on industry

Logo of Takata Corp is seen through a car window outside the company's headquarter building in TokyoBy Mari Saito and Maki Shiraki TOKYO (Reuters) - Honda Motor and Mazda Motor may have to recall another 200,000 cars in Japan to replace Takata Corp air bags if Takata complies with a U.S. order to recall cars across the United States rather than just in humid regions. Several automakers in the U.S. have issued regional recalls of certain models to investigate what is causing some Takata air bags to explode with excessive force. U.S. safety regulators have ordered Takata to have those recalls expanded nationwide. Takata has so far resisted a wider U.S. ...



Despite OPEC blow, Venezuela says to push until oil at $100

CARACAS (Reuters) - Venezuela will keep campaigning until oil prices rebound to $100 per barrel, president Nicolas Maduro said on Thursday night after OPEC refused to cut output as the cash-strapped South American country had aggressively pushed for.
Italy minister says EU accepts exceptional circumstances on budget

ROME (Reuters) - The European Union recognizes that "exceptional circumstances" will cause Italy to delay reducing its structural budget deficit, Italian economy minister Pier Carlo Padoan said on Friday. Italy has been pushing the European Commission, which published its assessment of euro zone countries' budgets on Friday, to give it more time to reduce its deficit due to extreme economic weakness. ...
Russian warships enter English Channel for drills: RIA

MOSCOW (Reuters) - A squadron of Russian warships entered the English Channel on Friday to hold exercises, RIA news agency reported, the latest apparent show of military might since ties with the West plunged to Cold War lows over Ukraine. RIA quoted the Northern Fleet as saying its vessels, led by anti-submarine ship Severomorsk, had passed through the Strait of Dover and were now in international waters in the Seine Bay to wait for a storm to pass. "While it is anchored the crew are undertaking a series of exercises on how to tackle ... ...
Eurozone inflation dips again as energy costs tank

German Economy Minister and Vice Chancellor Sigmar Gabriel, right, and French Economy Minister Emmanuel Macron, pose before a press conference in Paris, Thursday, Nov. 27, 2014, to present a report promoting deepened integration with common social reforms entitled Reforms, Investment and Growth. The economic ministers presented their report to propose economic reforms for France, Germany and for Europe, to avoid the "stagnation trap" where growth is barely noticeable and inflation is dangerously low. (AP Photo/Michel Euler)LONDON (AP) — A sharp fall in energy costs as a result of dramatic declines in oil markets has pushed inflation across the 18-country eurozone down to 0.3 percent in the year to November, official figures showed Friday.





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