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US consumers grew more confident in the economy in June after sentiment sagged in the two prior months but still remained cautious about growth prospects, the Conference Board said Tuesday. The Conference Board said its consumer confidence index rebounded to 98.0 from 92.4 in May. The index was at the highest level since 99.1 in October. The survey showed the number of persons thinking business conditions were "bad" fell to 17.7 percent, while those thinking jobs were "hard to get" dropped to 23.3 percent.
London (AFP) - British opposition leader Jeremy Corbyn lost a confidence vote on Tuesday, with 172 of his Labour Party's lawmakers voting against him and 40 in favour amid political turmoil in Britain following a vote to leave the European Union.
Furniture giant Ikea said Tuesday it would recall its hugely popular Malm model of chest of drawers after six children were crushed to death when the dressers tipped over. The recall affects 29 million chests of drawers sold in the United States, said Elliot Kaye, head of the US Consumer Product Safety Commission. The recall affects some eight million Malm chests and dressers, and 21 million additional children's and adult chests and drawers, all manufactured between 2002 and June 2016, Kaye said.