8 automakers are recalling more than 12 million vehicles in new recalls related to defective Takata airbags. Reuters reports Honda Motor (HMC) is calling back 4.5 million U.S. vehicles, while Fiat Chrysler (FCAU) is recalling 4.3 million, according to government documents. The recalls come after Japan's Takata earlier this month agreed to declare up to 40 million additional inflators defective by 2019, a move that will prompt 17 automakers to issue vehicle recalls. World leaders at the G7 summit says a 'Brexit' would danger the entire global economy. The possibility of Britain leaving the European Union would reverse the trend toward more global trade and investments. The Brits vote on June 23rd. Facebook (FB) and Microsoft (MSFT) are partnering to lay a massive undersea cable. The 4000 mile cable will run from Virginia Beach to Spain.
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