U.S. auto-maker Ford will recall 4,500 Kuga SUVs sold in South Africa after dozens of reports of the vehicles catching fire spontaneously, the head of the company's South Africa unit said on Monday. In a joint statement with the National Consumer Commission (NCC), Ford's Southern Africa President and chief executive Jeff Nemeth said the company could confirm 39 incidents of the cars catching fire.
By Marc Jones LONDON (Reuters) - Britain's pound fell on Monday as concern mounted that the country was heading for a "hard" Brexit from the European Union and its single market, a day before a speech by Prime Minister Theresa May on the government's plans. Some British newspapers have billed May's speech on Tuesday as a push away from preferential EU single market access and a hardening of the UK's stance toward an economic bloc that accounts for roughly half its exports and imports. A spokeswomen for May, who will also attend a gathering of the world's economic elite in Davos, Switzerland, this week, called the reports about the planned tone of her upcoming speech "speculation".