The US economy accelerated in the second quarter as consumers ramped up spending and businesses invested more on equipment, but persistent sluggish wage gains cast a dark shadow over the growth outlook.

In the immediate aftermath of Bangladesh's independence in 1971, the war-torn country was facing its first rite of passage to nationhood.

Asia is home to more Fortune Global 500 companies than any other continent, and Beijing hosts more global companies, the most of any city in the world.

Facebook reports a surge in profits in the past quarter, fueled by strong growth in money-making ads to its more than two billion users.

Toyota Motor Corp is working on an electric car powered by a new type of battery that significantly increases driving range and reduces charging time, aiming to begin sales in 2022, the Chunichi Shimbun daily reported on Tuesday.

Saudi Arabia wants to do more to boost crude oil prices by taking a razor to its exports, but the kingdom is already doing much of the heavy lifting in Asia, where it is surrendering market share in the world's top importing region.

European Union authorities have increased pressure on Facebook, Google and Twitter to amend their user terms to bring them in line with EU law after proposals submitted by the tech giants were considered insufficient.

There could be between six to nine rounds of negotiations between the United States, Canada and Mexico in the event a quick deal is reached on a revamp of the North American Trade Agreement, Mexican Economy Minister Ildefonso Guajardo said.

Yang Qianqian holds out her smartphone to scan a barcode on the mobile of a vendor selling fresh fruit and vegetables at a bustling outdoor market in Beijing.

Banning diesel cars in European cities could hamper automakers' ability to invest in zero-emission vehicles, the European Union's commissioner for industry has warned the bloc's transport ministers.

After tightening monetary policy last month for the second time this year, the US central bank is expected to pause for the next few months to monitor developments.

China is the world's largest holder of foreign exchange reserves. It has over two and half times more foreign reserves than the second largest reserve holder, Japan. The Asian giant has US$3.483 trillion of foreign exchange reserves, despite recent fall in foreign reserves.

A secretive US government panel has objected to at least nine acquisitions of US companies by foreign buyers so far this year, people familiar with the matter say, a historically high number that bodes poorly for China's overseas buying spree.

HMD Global, the Finnish company that owns the rights to use Nokia's brand on mobile phones, said Chief Executive Arto Nummela is leaving the company.

The dollar's travails extended into Wednesday as Donald Trump faces a battle to push through his much-vaunted economic agenda, but equity traders took the news in their stride.

US retail giant Target's chief executive Brian Cornell on Tuesday played down Amazon's massive deal to acquire grocery chain Whole Foods, arguing that it "validates" his company's business model.

Takata Corp's bankruptcy filing last month was meant to draw a line under the auto industry's biggest safety recall, but last week's announcement of more air bag inflator recalls suggests automakers could face fresh liabilities in the future.

Indian banks may have to write off 60 percent of the value of bad loans from their 50 large stressed asset accounts, or a hit of 2.4 trillion rupees ($37.31 billion), ratings agency CRISIL said on Wednesday.

India's top builders have pledged to make at least a fifth of their new housing developments sustainable by 2022, as the country looks to tap sectors other than renewable energy to meet its ambitious climate goals.

British consumer health giant Reckitt Benckiser has agreed to offload its sauces division to US spicemaker McCormick for $4.2 billion (3.6 billion euros), the groups said Wednesday.