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United States and China
According to Moody's, a global recession will be "highly likely" if there is no trade deal between the United States and China in the coming months. Government Professor Minxin Pei warns of the worst recession in China's recent history. And Malaysia's trade minister, Darell Leiking, has urged the US and China to "stop thinking about themselves" because their problems affect everyone. Financial Times
Hyundai and Kia
The National Highway Traffic Safety Administration has opened investigations into thousands of fires involving Hyundai and Kia cars. The agency was previously going to incorporate non-crash-sounding probes into an existing investigation into Hyundai and Kia's engine failures, but will now treat the fires as a stand-alone affair. Japan Times
Cryptocurrency rally
Bitcoins have risen 12% – to a point, even beyond the $ 5,000 barrier – and the rest of the cryptocurrency scene is also in the green. Why? As is often the case in the world of crypto-currencies, the solution, apart from "a significant injection of cash on the markets," is opaque. Coindesk
Renault Jets
Renault's internal investigation after Ghosn revealed that the joint venture with Nissan had four private jets, not just the one that was known. Renault will apparently report on its investigations tomorrow. Irish Times
This edition of CEO Daily has been edited by David Meyer. Find previous editions here, and sign up here for other Fortune newsletters.
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