Shanghai will accelerate efforts to cancel restrictions on foreign investment in the auto manufacturing sector, a government official said on Wednesday, a day after Tesla said it would build a wholly owned auto plant in the city.

Takeda Pharmaceutical Co Ltd on Tuesday said it has received US approval for its $62 billion acquisition of London-listed Shire Plc, taking the Japanese firm one step closer to its goal of becoming a global top 10 drugmaker.

Global coffee giant Starbucks announced Monday it is to eliminate all plastic straws from its 28,000 stores by 2020, becoming the latest corporate giant to take steps to combat pollution from disposable plastic.

Bajaj Auto has signed an agreement with Runner Trade Park Ltd, a sister concern of Runner Group, for the distribution of spare parts of its motorcycles and three-wheelers in Bangladesh.

Oil major Royal Dutch Shell said Tuesday it had suspended production on its North Sea field of Knarr after staff working the Norwegian continental shelf went on strike, adding to supply worries in the world's oil market.

SoftBank Group is increasing its stake in Yahoo Japan through a $2 billion, three-way deal with US firm Altaba to deepen ties with the internet heavyweight ahead of an IPO of its telecoms unit.

PepsiCo Inc reported second-quarter revenue and profit that topped Wall Street estimates as higher sales in its Frito-Lay unit in North America helped offset sluggish demand for beverages.

Confidence among investors in Germany plunged sharply in July, the ZEW economic institute said Tuesday, reaching its lowest level since August 2012 over signs that a trade war was far from abating.

Gold extended its recovery on Monday, touching the strongest in nearly two weeks as the dollar weakened, the Chinese yuan rebounded and some investors reversed their bearish gold bets. Spot gold was up 0.7 percent at $1,262.86 an ounce by 0945 GMT, its highest since June 26.

Cairn Energy said on Monday it would write down the value of its investment in Vedanta Ltd after Indian tax authorities sold $216 million worth of its shares in the Indian mining company in a dispute over retrospective tax dues.

Oil prices rose on Monday as increased global demand and US efforts to shut out Iranian output using sanctions outweighed drilling data suggesting US shale production would climb.

China's financial regulator has told banks to “significantly cut” lending rates for small firms in the third quarter in comparison with the first quarter, two people with direct knowledge of the matter told Reuters on Monday.

Citigroup Inc is facing a unique dilemma among the four largest US banks: it is light on deposits from individuals, an important funding source that costs little and tends to stick around.

The United States wants to eliminate all Iran's crude oil exports from November, and is relying on Saudi Arabia and other Opec and non-Opec members to fill the gap in supplies.

Amazon will bring 1,700 new jobs to Italy by the end of the year, the online commerce giant announced Monday, bringing its number of employees working in the country's groaning economy to 5,200.

Nissan admitted Monday that data on exhaust emissions and fuel economy had been deliberately "altered", dealing a blow to the Japanese car giant's efforts to recover trust after an inspection scandal last year.

The Kremlin warned Friday that a trade war between the US and China will have consequences for the world economy, saying Russia is ready to protect its interests amid economic uncertainty.

Rising demand in emerging economies and the soaring success of low-cost airlines is set to raise the market's need for passenger jets over the next two decades, Airbus said Friday.

China on Friday approved new guidelines to further stimulate household consumption, in a bid to stabilize the economy as it braces for a full-blown trade war with the United States.

Employment in the world's largest economy continued its brisk pace in June but the unemployment rate jumped as more people joined the job hunt, according to a government report Friday.