Mike Corder, Associated Press | Posted
Jul 24th - 9:21am
European Union officials are "activating all diplomatic channels" to press home their concerns that looming U.S. energy sanctions against Russia could affect Europe's energy supplies, a spokesman said Monday.
The International Monetary Fund upgraded the economic outlook for Europe, Japan and China this year. But the fund left its forecast for global growth unchanged from an April forecast, partly because the United States is unlikely to get much help from tax cuts and higher spending.
Australia's consumer watchdog said on Monday it was urgently seeking information from the government regulator and car manufacturers after a magazine reported that recalled Takata air bags were being replaced by faulty air bags.
The taxi app Grab has been given an additional $2 billion in financing, revealing the intense competition among car services in Asia that have forced companies like Uber to take a back seat to rivals with extremely deep-pockets.