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Toyota recalls more cars for dangerous Takata air bags

TOKYO - Toyota Motor Corp said on Thursday it would recall 57,000 vehicles globally to replace potentially deadly air bags made by Takata Corp, as a safety crisis around the Japanese auto parts maker looks far from being contained.

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Oil slumps to four-year low as OPEC shuns output cut

LONDON - Oil hit four-year lows around $70 a barrel on Thursday and commodity currencies were sent tumbling, as OPEC resisted the temptation to cut back production following the more than 30 percent plunge in prices since June. | Video

11:46am EST

WTO clinches first global trade deal in its history

GENEVA - The World Trade Organization adopted the first worldwide trade reform in its history on Thursday, after years of stalemate, months of deadlock and a final day's delay following an eleventh-hour objection.

11:05am EST

Low food inflation tightens squeeze on Europe's grocers

BERLIN/LONDON - Subdued food price inflation in Europe is unlikely to pick up any time soon, adding to the pressure on mainstream grocers as they struggle with changing shopping habits and competition from discounters.

11:10am EST

EU's Juncker survives no-confidence vote over tax deals

BRUSSELS - The European Commission's new president, Jean-Claude Juncker, comfortably survived a no-confidence vote on Thursday brought over news that Luxembourg had lured multinational businesses with super low tax rates during his period as prime minister.

8:32am EST

Exclusive: France, Italy, Belgium may break budget rules, EU to revisit in March

BRUSSELS - The European Commission will tell France, Italy and Belgium on Friday their 2015 budgets risk breaking EU rules, but it will defer decisions on any action until early March.

France, Italy, Portugal, Spain 7:55am EST

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