Volkswagen and the United States Justice Department agree on a $14.7 billion settlement for its emissions-cheating program. The breakdown: $10 billion to consumers to cover buybacks and fixes; $2 billion for green energy funds investment; and, $2.7 billion to offset diesel emissions. In addition, VW agrees on a settlement with 44 U.S. states, the District of Columbia, and Puerto Rico that will cost at least $600 million. As for Europe, Volkswagen says its diesel vehicles don't violate European Union emissions standards. (Reuters)(Nasdaq)
IKEA is to recall 27 million Malm chests of drawers in North America due to the danger they pose to children. Since 2014, at least three children have died when the drawers toppled over on them. (BBC)
One of the flight recorders of EgyptAir Flight 804 has been fully repaired in Paris after being found in the Mediterranean Sea and will now be sent to Egypt to be analyzed. (Euronews)
Three crew members are missing and one worker is injured following the head-on collision of two BNSF Railway freight trains near the American town of Panhandle, Texas. Officials, concerned that flames from box car fires could cause a fast-moving grass fire, order an evacuation of some nearby areas. (AP via MSN)
A huge explosion completely destroys a house and damages 24 others in Mississauga, Canada. At least one person is dead and 13 others are injured, according to Mississauga Fire and Emergency Services. Thousands of residents are forced to evacuate and many spend the night at a local community shelter. (CBC News)(CP24)
The European Parliament's first debate on the UK's vote to leave is marked by bitter exchanges as prominent pro-Brexit figure Nigel Farage is booed and heckled by members of the European Parliament and European Commission President Jean-Claude Juncker is heckled after saying that he is neither a robot nor a bureaucrat. (BBC)
Labour party leader Jeremy Corbyn refuses to resign after losing a vote of no confidence, with 80% of voting members of the Parliamentary Labour Party voting against him. Critics which include fellow MPs cite his failure to do more in the effort for the UK to remain in the EU as the main issue. (The Guardian)