Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
Asian Stocks Edge Higher as Tech Recovers, U.S. Economic Uncertainty Caps Gains 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
noyb Files GDPR Complaints Against TikTok, Grindr, and AppsFlyer Over Alleged Illegal Data Tracking. 
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Shell M&A Chief Exits After BP Takeover Proposal Rejected 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Harris Associates Open to Revised Paramount Skydance Bid for Warner Bros Discovery 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Ford Motor Co. has issued another recall for its vehicle models, but this time, the number is higher. The company recalls 100,000 units of its hybrid vehicles due to the risk of catching fire.
This new Ford Motor recall follows a previous one issued for the F-150 Lightning models. This particular recall was put in place after the company received several reports of fire incidents.
In any case, Reuters reported that Ford Motor announced the expanded recall on Friday, July 8. The latest announcement now covers some Ford Escape, Lincoln Corsair, and Maverick with 2.5-liter Hybrid/Plug-In Hybrid engines. The affected units for these models are those from 2020 to 2022.
So far, there are no reported accidents or injuries yet related to this new recall. The automaker is just advising owners to park their vehicles outside or away from buildings in case a fire erupts.
It was added that Ford Motor is also expanding a recall for its 2021 Ford Expedition and Lincoln Navigator SUVs. It should be noted that this is a separate case, but the reason is similar as these two models are being recalled for under-hood fire risks. 27,000 of these SUVs are affected, and one injury has been reported for this issue.
Ford told vehicle owners to have their vehicles parked away from structures until the necessary repairs were completed. The company said that in case of an engine failure, the oil and fuel vapor in the engine may be released and accumulate near the ignition, and this may cause a fire.
To solve the problem, dealers will adjust the Under Engine Shield and Active Grille Shutter. Ford Motor said this would address the safety concerns. It also reminded people that the fire could also start even if the engine is switched off.
Fox Business noted that the automaker recalled around 39,000 Ford Expedition and Lincoln Navigator in May, and more units are being added in the recall now. At that time, the company was not certain what was causing the fires, but late last week, it was determined that it may have been caused by the printed circuit boards that are susceptible to an electrical short.
