Paramount Skydance to Acquire Warner Bros Discovery in $110 Billion Media Mega-Deal 
Tokyo Core Inflation Slows Below 2%, Complicating BOJ Rate Hike Outlook 
Germany and China Reaffirm Open Trade and Strategic Partnership in Landmark Beijing Visit 
Gold Prices Steady in Asia, Set for Strong February Gains on Safe-Haven Demand 
OpenAI Hires Former Meta and Apple AI Leader Ruomin Pang Amid Intensifying AI Talent War 
Bank of Korea Holds Interest Rate at 2.50% as Growth Outlook Improves Amid AI Chip Boom 
Netflix Declines to Raise Bid for Warner Bros. Discovery Amid Competing Paramount Skydance Offer 
Oil Prices Surge 13% as U.S.-Israel Strikes on Iran Spark Supply Fears 
Lynas Rare Earths Shares Surge on Strong Half-Year Earnings and Rising Global Demand 
Trump Warns Iran as Gulf Conflict Disrupts Oil Markets and Global Trade 
Global Markets Reel as Euro Falls, Swiss Franc Surges and Oil Prices Spike After U.S.-Israel Strike on Iran 
U.S. Stocks Rally as Nvidia Earnings Loom, Oil Prices Near Seven-Month Highs 
PBOC Scraps FX Risk Reserves to Curb Rapid Yuan Appreciation 
Ecuador Raises Tariffs on Colombian Imports to 50% Amid Border Security Dispute 
Coupang Reports Q4 Loss After Data Breach, Revenue Misses Estimates 
Gold Prices Surge Over 2% After U.S.-Israel Strikes on Iran Spark Safe-Haven Demand 
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.
