Stock markets have retreated again over worries of further US interest rate rises after the Federal Reserve defied Donald Trump to increase rates for the fourth time this year.

The EU has confirmed it is “actively investigating” a potential breach of its diplomatic communications network, following reports that secret cables had been stolen by hackers.

The Bank of England has welcomed a “crucial and positive” move by the EU to help keep a key part of the financial system functioning in the event of a “no-deal” Brexit.

A handful of banks will be forced to write multimillion pound cheques to buy shares in the construction giant Kier Group after some of its biggest investors snubbed the chance to take part in a £250m fundraising.

GlaxoSmithKline (GSK) is to merge its consumer healthcare unit with that of rival Pfizer, to create a new market leader with almost £10bn in annual sales.

 

Santander has been fined more than £30m for “serious failings” in processing the accounts of dead customers, the Financial Conduct Authority (FCA) says.

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Jaguar Land Rover to recall vehicles over engine hazard

Jaguar-Land-Rover-to-recall-vehicles-over-engine-hazard

According to the national quality watchdog, Jaguar Land Rover will recall 68,828 vehicles in China due to an engine safety hazard

Jaguar Land Rover China filed the recall to the State Administration for Market Regulations.

Starting from April 5, the recall includes 42,000 Discovery 4 models produced between 2009 and 2016 and more than 20,000 Range Rover Sport models that were produced between 2009-2013.

Crankshaft bearings on the cars may experience earlier-than-expected wear and tear and even break under extreme conditions that cause engine stalling.

Jaguar will check all affected vehicles and replace the defective parts completely free of charge.

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