The head of Taiwan's tech giant Foxconn said Thursday its pursuit of Toshiba "is not yet over", a day after the Japanese firm announced it preferred another group of bidders to acquire its prized chip business.

Takata Corp will seek bankruptcy protection from creditors on Monday, two sources said, as the Japanese company faces billions of dollars in liabilities stemming from the biggest recall in automotive history.

European tax planners who help rich clients, including sports stars, evade the tax man will risk hefty fines, according to EU plans unveiled on Wednesday.

Takata shares plunged again Wednesday, losing almost half of their value in just three days of trading on reports the troubled Japanese

OIL-RICH Gulf countries, which for decades have attracted millions of foreign workers thanks to their reputation as tax-free havens, aim to introduce value-added tax in 2018 to plug budget gaps.

UBER said Wednesday that its embattled chief executive Travis Kalanick had agreed to step down from his job, as the company tries to clean up a corporate culture that has sparked charges of harassment and discrimination.

BOARDED-UP homes became a ubiquitous symbol of the US housing crash, with once-prosperous neighborhoods left to decay as mortgage defaults soared and no new buyers emerged.

China on Wednesday hailed the acceptance of its stocks in a leading US-based index of emerging market shares as a signal of confidence in the Asian power's economy after three previous rejections.

The outlook for inflation and the future of financial stability are emerging as dueling concerns at the heart of a debate at the US central bank over how fast to proceed on future interest-rate hikes.

M Kamal Hossain was promoted as the managing director of Southeast Bank on Tuesday, according to the lender.

Oil was mostly flat on Wednesday, after paring earlier losses, but was set for its biggest price drop in the first half of the year since 1997, a sign that investors are discounting evidence that major producers are sticking to a deal to cut output.

Toshiba said Wednesday it will hold exclusive talks with a consortium of US, South Korean and state-backed Japanese investors to sell its prized memory chip business, as the loss-hit conglomerate scrambles to raise cash.

Ford will import its next-generation Focus sedans into the US market from China, after a highly-publicized move to cancel plans to build the car in Mexico, the company announced Tuesday.

Angola's capital Luanda has overtaken Hong Kong to become the costliest city in the world for expats, Mercer's annual survey said Wednesday.

Apple has expanded its legal battle against Qualcomm, accusing the US chip maker of charging for invalid patents in the latest twist in the clash between the two tech giants.

Emirates, the Middle East's largest airline, is looking to the region's biggest economy, Saudi Arabia, to help make up for a drop in demand that has forced it to keep five aircraft grounded.

The International Monetary Fund urged Japan to avoid withdrawing fiscal policy stimulus and said monetary policy should be loosened further if risks to the economy materialise, warning of weak consumption that remains vulnerable to external shocks.

The top firms in California's Silicon Valley carry more weight on the global stage than many countries, which makes building diplomatic relations with them increasingly important, the world's first national technology ambassador said.

A group of US lawmakers has backed medical device makers by urging India to reconsider its decision to cap prices of heart stents, raising the issue ahead of Prime Minister Narendra Modi's visit to the United States later this week.

Most emerging Asian currencies edged up on Monday, with the Korean won leading gains as the dollar was subdued by questions over the strength of the US economy after weak economic data.