BMW is recalling more than 720,000 vehicles due to an issue with the water pump's electrical connector that could potentially lead to a fire.

The National Highway Traffic Safety Administration said that the recall includes some X1, X3 and X5 vehicles as well as some other models.

Specialist divers on Tuesday launched a fresh search for six people, including UK tech tycoon Mike Lynch and the chairman of Morgan Stanley International, missing since their yacht capsized off the Italian island of Sicily.

The European Commission said Tuesday it plans to slap five-year import duties of up to 36 percent on Chinese electric cars, unless Beijing can offer an alternative solution to the damaging trade row over state subsidies.

World stocks mostly rose Tuesday after Wall Street pushed closer to record highs following its roller coaster of a summer.