Business

Two U.S. senators demanded Thursday that safety regulators issue a nationwide recall of automobiles with potentially defective air bags that can launch metal shards into occupants.

Lawyers representing 73 Swiss banks seeking to avoid a tax-evasion probe by U.S. authorities wrote a letter to the U.S. Department of Justice raising questions over a dozen demands, including the banks' cooperation with other nations.

China Telecom Corp Ltd and China Unicom Hong Kong Ltd could soon jointly invest in a new content delivery network (CDN) company that would speed up Chinese users' Internet access, a Chinese paper reported on Friday.