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BMW Confirms Recall of 323,700 Cars across Europe

German luxury carmaker BMW on Wednesday confirmed it would recall 323,700 cars across Europe due to a faulty component that could cause engines to catch fire.

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German Industrial Output Disappoints but Analysts Keep Faith

German industrial production disappointed in June while exports were flat, official data showed Tuesday, but analysts said it was too early to declare the party over for Europe's powerhouse economy despite trade tensions.

Industrial output fell 0.9 percent month-on-month, federal statistics authority Destatis said, following a 2.4-percent rise in May.

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Trump Warns Countries against Doing Business with Iran

U.S. President Donald Trump on Tuesday said that sanctions reimposed on Iran were the "most biting ever" as he warned other countries from doing business with Tehran.

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Greece Gets Last Bailout Tranche as Crisis Nears End

Greece received on Monday the final 15-billion-euro payment from its eight-year bailout program in what creditors hailed as proof that tough austerity measures were "paying off."

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Daimler Halts Iran Activities over US Sanctions

German automaker Daimler on Tuesday said it was halting its business activities in Iran after the United States re-imposed sanctions on Tehran.

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Turkey Lira Hits New Record Lows on U.S. Strains

The Turkish lira on Monday hit new record lows against the dollar and euro as strains caused by a diplomatic spat with the United States compounded concerns over domestic economic policy.

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German Industrial Orders Plunge in June

Industrial orders in Germany fell more than expected June, official data showed Tuesday, as global trade tensions weighed on Europe's top economy.

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Pepsico: Indra Nooyi Stepping Down as CEO

Pepsico announced Monday that Indra Nooyi is stepping down as chief executive after 12 years at the helm of the U.S. soft drinks and snacks giant.

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Trade War Woes Linger on Global Markets

European stock markets diverged Monday after a mixed session in Asia, as trade war fears continued to hamper investor sentiment, dealers said.

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Canada Will Talk NAFTA 'Anywhere, Anytime', Says Foreign Minister

Canada's foreign minister on Saturday said the country is ready to resume North American Free Trade Agreement (NAFTA) renegotiations "anywhere, anytime," according to media reports.

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