Citigroup to Exit Russia With Sale of AO Citibank to Renaissance Capital 
Oil Prices Slide in 2025 as Oversupply and Geopolitical Risks Shape Market Outlook 
U.S. Dollar Steadies Ahead of Fed Minutes as Markets Eye Policy Divisions 
Citi Forecasts a Volatile but Ongoing Bull Market for S&P 500 in 2026 
Elon Musk’s xAI Expands Supercomputer Infrastructure With Third Data Center to Boost AI Training Power 
South Korea Exports Hit Record High as Global Trade Momentum Builds 
Wall Street Ends Mixed as Tech and Financial Stocks Weigh on Markets Amid Thin Holiday Trading 
South Korea Factory Activity Returns to Growth in December on Export Rebound 
Novo Nordisk and Eli Lilly Cut Obesity Drug Prices in China, Boosting Access to Wegovy and Mounjaro 
Australia’s Modern Gold Rush: Hobby Prospectors Flock to Victoria’s Golden Triangle 
Samsung Electronics Secures Annual U.S. Licence for China Chip Equipment Imports in 2026 
South Korea Factory Output Misses Forecasts in November Amid Ongoing Economic Uncertainty 
Singapore GDP Growth Surges in 2025 but Outlook Remains Cautious Amid Global Trade Risks 
Lockheed Martin Secures Nearly $500 Million in U.S. and Allied Defense Contracts 
Boeing Secures Major $2.7 Billion U.S. Military Contract for Apache Helicopter Support 
U.S. Stock Index Futures Steady as Markets Await Fed Policy Clues in Holiday-Thinned Trade 
Trump Delays Tariff Increases on Furniture and Cabinets for One More Year 
Volvo recalls its older car units around the world, and this was said to be due to the faulty airbags that could burst into metal fragments. About 460,769 models are affected by this new recall as the issue could be deadly in case of a crash.
According to Bloomberg, Volvo Car AB stated that the rupturing of the airbag could disperse metal fragments that could hit the driver. This is a situation that poses high risk and may possibly lead to death in the worst-case scenario.
The Gothenburg, Sweden headquartered automotive manufacturer of luxury vehicles specifically recalls two of its Volvo car models and these are the S60 and S80 sedans. The company informed the U.S. National Highway Traffic Safety Administration (NHTSA) it has discovered the potential for tablets of propellant in the affected models’ airbag inflators.
It said that these can deteriorate if they are subjected to high temperatures and moisture. When this happens, it can lead dust particles to form and may trigger the inflator to rupture.
Volvo confirmed it is already aware of an incident related to this issue. The Swiss carmaker knows that this particular problem of airbag rupture accident has resulted in a fatality and this information can also be found in the documents filed with NHTSA.
In any case, the exact Volvo car units affected include the models S80 from 2001-2006 and the S60 from 2001-2009. These vehicles were built between May 2000 and March 2009, as per CNBC.
It was added that more than half of the total number of cars being recalled were sold in the United States. To be exact, it was mentioned that 259,383 units were sold in the country.
“In the event of a crash where the driver airbag is activated, fragments of the inflator inside the airbag may, in certain cases, project out and in worst case strike you, potentially resulting in serious injury or death,” Volvo stated via the NHTSA’s safety recall report.
Meanwhile, the owners of the affected Volvo car models will be notified about the recall starting Nov. 29. They will be receiving letters stating the details and what they must do to fix the issue. The carmaker said that dealers would be replacing the inflators with a more advanced propellant/inflator.
