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German carmaker BMW A.G. plans to recall 319,045 vehicles in China due to defective valve heaters, Asia Times reported citing sources. The recall is expected to begin on August 30 and includes 174,000 domestically produced cars and 145,000 imported cars.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms