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Daimler recalls 840,000 vehicles in US over Takata airbag issue
German auto giant Daimler is recalling 840,000 vehicles in the US after the Takata's airbag inflators issue came into light. The recall costs and repairing expenses will result in cash outflow of €340 million ($383 million) for Daimler. It's estimated that so far 14 automobile firms recalled about 24 million vehicles in the US.
Australia Is Moving Forward to Legalize Medicinal Marijuana, Introducing Nationwide Bill
Some states in Australia already legalized medicinal marijuana regionally, but the new bill will allow marijuana to be cultivated and consumed for medical purposes across the country. The bill is highly likely to become a law because it has received huge supports from the authorities and citizens.
UK shares rebound, Barclays leads the pack
The UK stocks, after suffering losses for three sessions in a row, rebounded. Barclays and other financial companies led the gains. After suspension of trading for a day, the trading in Barclays stock resume on Monday. The FTSE 100 index dropped 9.2 percent in 2016 so far.
Asian markets to brew higher earnings for Carlsberg
Danish brewer Carlsberg A/S is hoping for higher earnings supported by Asian markets. Though eased marginally, the fourth quarter earnings were above analysts' forecasts. The world's fourth biggest brewer Carlsberg is slashing jobs and closing down breweries.