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(Reuters) -- Wall Street's main indexes slumped on Monday as risk appetite among investors dropped on fears of a U.S. recession following weak economic data last week, sending tremors across global markets.
FRANKFURT -- Europe's five biggest automakers reported falling profits for the first half due to weak demand for electric vehicles, cost competition from China and ballooning research and development costs.
JAYAPURA, Indonesia (AP) — Gunmen stormed a helicopter and killed its New Zealand pilot shortly after it landed in Indonesia’s restive Papua region on Monday, and they released two health workers and two children it was carrying, police said.
SEOUL -- North Korea has sent 250 new mobile ballistic-missile launchers to its forces along the border with South Korea, the Korean Central News Agency reported Monday, underscoring Pyongyang's increasingly hostile stance toward its neighbor.
Prime minister reportedly flees to India after weeks of antigovernment protests.
(Reuters) -- Wall Street's main indexes slumped on Monday as fears of the United States tipping into recession following weak economic data last week rippled through global markets.
TOKYO -- Honda Motor is set to report a group operating profit surpassing 450 billion yen ($3.08 billion) for the first quarter ended June, it was learned Monday, a new quarterly record fueled by strong sales of hybrid vehicles in the U.S. market.
Wharton's Jeremey Siegel on Monday called on the Federal Reserve to make an emergency 75 basis-point cut in the federal funds rate after Friday's disappointing jobs report.