Toyota has announced a global recall of 400,000 hybrid vehicles, including its popular Prius model, to fix faulty brakes as the company’s president vowed to regain customer confidence.
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Toyota’s woes continue as the car giant looks set to recall 300,000 of its Prius hybrid vehicles because of a braking problem, as well as its Sai and Lexus hybrids models, the Japanese Nikkei business newspaper reported.
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European markets plummeted on Friday amid growing concern over poor US job data and the ballooning deficit of southern eurozone countries. Earlier, Asian stocks fell as investors worried about sovereign debt woes sold risky assets.
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Beijing said it will impose a levy on chicken products from the US, accusing American poultry farmers of dumping chicken feet and wings on their market at “below cost”, a move likely to worsen already deteriorating trade relations.
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European markets plummeted on Friday amid growing concern over poor US job data and the ballooning deficit of southern eurozone countries. Earlier, Asian stocks fell as investors worried about sovereign debt woes sold risky assets.
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US authorities have ordered an investigation into reported braking problems in the 2010 Toyota Prius. Toyota has just announced plans to recall the car from the US and Japan, according to a report.
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Toyota Motor has reported a net profit of $1.7 billion dollars for the last quarter of 2009 and upgraded its earnings outlook. But the Japanese carmaker said the recall scandal that has dented its reputation for quality would cost it $2 billion.
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Argentina’s President Cristina Kirchner has appointed economist Mercedes Marco del Pont to head the country's central bank. Kirchner had earlier secured the backing of lawmakers in a clash with the bank's previous chief over debt payments.
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Want to get back into your running routine? Want to start one? Is the new adidas miCoach Pacer gadget the thing you need to help you improve your workout? Technology reporter Bridget Carey tells us.
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Barack Obama had been criticized for putting realpolitik ahead of human rights in his dealings with Beijing. But now the US president says he’ll meet the Dalai Lama - to China's evident anger. This is after the arms deal row and Google controversy. What is happening with US policy on China?
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Germany announced Monday that it may buy the names of suspected tax-dodgers from a Swiss whistle-blower, leaving the two countries on a collision course over Switzerland’s prized banking secrecy regulations.
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