China will start an insurance system for bank deposits, a move toward scrapping remaining controls on interest rates and allowing lenders to fail in a more market-driven economy.

George Shultz's latest cause is one few fellow Republicans support: fighting climate change.

U.S. regulators formally demanded Takata Corp. take part in a nationwide recall of defective air bags, saying the companys piecemeal approach to fixing a potentially deadly flaw in millions of cars is insufficient.