U.S. Dollar Climbs as Trump Escalates Rhetoric Against Iran 
Japan's Business Confidence Rises Despite Iran War Uncertainty, BOJ Rate Hike Expected 
Oil Prices Slide as Iran Tensions Ease and U.S. Crude Stockpiles Swell 
Trump's Iran War Speech Sparks Market Anxiety Over Extended Conflict 
RBI Clamps Down on Rupee NDF Activity, Banks Face Steeper Losses 
Australia's Trade Surplus Surges in February on Gold Export Boom 
Asian Currencies Weaken as Dollar Rebounds Amid Middle East Escalation 
BlackRock CEO Larry Fink Earns $37.7 Million in 2025 Amid Record Growth 
Star Entertainment Secures $390M Refinancing Deal to Stabilize Operations 
Gold Prices Drop as Trump Escalates Iran Threats, Oil Surges 
Novartis to Acquire Biotech Firm Excellergy in $2 Billion Deal 
McDonald's and Restaurant Brands International Face Headwinds Amid Iran Conflict and Rising Costs 
Apple Turns 50: From Garage Startup to AI Crossroads 
TSMC Japan's Second Fab to Produce 3nm Chips by 2028 
Cybersecurity Stocks Tumble After Anthropic's Claude Mythos AI Leak Sparks Market Fears 
Nike Beats Q3 Estimates but China Weakness and Margin Pressure Weigh on Outlook 
South Korea Manufacturing PMI Hits 4-Year High in March 2025 Driven by Semiconductor Demand 
Mercedes Benz has recalled nearly one million car units citing a possible issue with the brake. The German luxury automaker said that the affected units are the older models.
The KBA Federal Motor Transport Authority in Germany confirmed the Mercedes Benz recall last week. According to Reuters, the company announced that all of its models that were manufactured between 2004 and 2015 are covered in the recall.
Around 70,000 of the automobiles are in Germany, and the issue is that corrosion on the brake booster may happen, and this could lead to a problem with the connection between the brake pedal and the brake system. Based on the report, the said parts could be damaged, and braking could fail.
Mercedes Benz Group AG said that its latest recall affects almost a million of its vehicles around the world. The local transport authority said last week that the model units are the company's ML and GL sports utility vehicles series. In addition, the Mercedes R-Class mini-vans are also affected.
Bloomberg reported that the car company released a statement to acknowledge that a problem with the brake system was detected in its older vehicles that were sold worldwide. The firm told the media that the "particularly strong or hard braking maneuver could cause mechanical damage to the vehicles' brake booster in rare cases of very bad corrosion.
It was already mentioned that 70,000 of the vehicles being recalled are in Germany, so this means the 993,000 vehicles are from multiple countries. At any rate, it was noted that Mercedes Benz also recalled the same number of vehicles last year, and at that time, the problem was with the emergency call system. This time, the recall is due to the corrosion that may affect the braking system.
"We have found that in some of those vehicles, the function of the brake booster could be affected by advanced corrosion in the joint area of the housing," BBC News quoted the company as saying in a statement last weekend. "It might be possible for a particularly strong or hard braking maneuver to cause mechanical damage to the brake booster."
The company added that it would not be possible to decelerate the vehicle via the service brake, so the risk of a crash or injury is heightened. Meanwhile, Mercedes Benz stated that the recall is immediately in effect, and the company will be replacing parts if needed after proper inspection.
