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Takata shares jumped on Tuesday after the airbag supplier's boss said he would resign once the company recovers from a scandal linked to at least 13 deaths and scores of injuries globally. The Tokyo-listed stock soared as much as 10 percent in early afternoon trade after chief executive Shigehisa Takada told the annual shareholder meeting that he would step down from his family company, before trimming those gains. "Once I'm convinced the company is back on track, I will pass the baton (to new management), which is my role," he told the closed meeting, according to a company spokeswoman.
Chancellor Angela Merkel told Britain on Tuesday it will not be able to cherry-pick the parts of the European Union it wants, such as the single market, without accepting principles like free movement when it negotiates its exit from the bloc. Addressing Germany's Bundestag lower house of parliament before heading to Brussels for talks on Britain's shock decision to leave the EU, Merkel said London would not get special treatment. "We'll ensure that negotiations don't take place according to the principle of cherry-picking ... It must and will make a noticeable difference whether a country wants to be a member of the family of the European Union or not," she said.