Tanzania plans to revamp its cash-strapped national carrier by buying new planes as part of plans to boost tourism and transport sectors, Tanzanian President John Magufuli said on Monday.

Global companies that produce and use commodities such as palm oil and soy are moving too slowly to cut deforestation, suggesting international goals to protect forests will not be met, groups that monitor business efforts said on Monday.

Euro zone business activity grew at its quickest pace this year in November and firms, which benefited from a weaker euro, raised prices faster than at any time in five years, a survey found on Monday.

South Korea lawmakers on Monday kicked off an unprecedented series of hearings that will see the country's business elite grilled over a corruption scandal engulfing impeachment-threatened President Park Geun-Hye.

The fate of key Italian banks was up in the air Monday as investors feared that Prime Minister Matteo Renzi's resignation will threaten their recapitalisation plans.

China's wealthiest shoppers are spending at home again, roused from a three-year slumber by a weaker yuan, lower prices and a crackdown on overseas sales agents - a welcome boost for the world's luxury brands.

Egypt has sharply raised customs duties on more than 300 goods, to 60 percent for many items, to encourage domestic production and curb a ballooning trade deficit, part of a broader government effort to reform the ailing economy.

As protesters march through Gwanghwamun Square in downtown Seoul, the centre stage of huge weekly demonstrations calling for South Korean President Park Geun-hye to step down, nearby restaurants hustle to prepare for a busy night.

Indian Finance Minister Arun Jaitley's plan to launch a new national sales tax next April got a jolt on Saturday after a two-day meeting with state officials ended without the resolution of a deadlock on who would administer the tax.

Apple Inc is wading in to the debate over regulation of self-driving cars, declaring it is excited about the potential for automated transportation and calling on US regulators not to restrict testing of such vehicles.

Hackers stole more than 2 billion rubles ($31 million) from correspondent accounts at the Russian central bank, the bank said on Friday, the latest example of an escalation of cyber attacks on financial institutions around the globe.

Europe's tech sector is on track for a record level of investments this year but poor access to late-stage capital is keeping it from creating independent tech "gorillas", one of the region's most active investors said.

Pakistan has suspended cotton imports from its top supplier, India, saying shipments failed to fulfil phyto-sanitary certification, threatening the $822 million-a-year trade, government and industry officials told Reuters.

President-elect Donald Trump named Wall Street veteran Steven Mnuchin for Treasury secretary Wednesday, filling key slots on his economic team even as he announced plans to leave his businesses to avoid any conflict of interest.

India can ill-afford to take much pride in having the world's fastest growing large economy when it releases September quarter data on Wednesday, with businesses, farmers and families all suffering after the government's sudden demonetization drive.

Toyota Motor Corp on Wednesday appointed its president to lead their newly formed electric car division, flagging its commitment to develop a technology that the automaker has been slow to embrace.

India's economy grew by 7.3 percent in the second quarter of the financial year, according to official figures published Wednesday that fell slightly short of analysts' expectations.

Britain's wage growth prospects look "dreadful", a leading think tank says, after official economic forecasts shows workers are unlikely to recoup losses suffered after the financial crisis within the next five years.

Eurozone business activity picked up strongly in November to a 11-month high, with Germany powering the economy in Europe, a closely-watched survey showed Wednesday.

President-elect Donald Trump's big-spending plan to revitalise US infrastructure could be just the ticket to drag the world economy out of its post-crisis torpor, experts say.