After more than a decade of global dominance, South Korea's shipbuilders face an unprecedented crisis that threatens the very survival of one of the flagship industries of Asia's fourth largest economy.

A former London-based JPMorgan foreign exchange sales person is suing the Wall Street bank for unfair dismissal, according to a court filing released on Wednesday.

The White House announced Wednesday the extension of overtime pay benefits to 4.2 million American workers forced to work long hours for relatively low wages.

Nokia, once the world's top mobile phone maker, on Wednesday announced its return to the fiercely competitive handsets and tablets market years after being crushed there by Samsung and Apple.

Crude prices approached $50 Wednesday as escalating wildfires in Canada's oil sands region helped to reduce a global supply glut, while traders awaited key US energy inventory data.

Microsoft Corp said it is selling its entry-level feature phone assets to FIH Mobile Ltd and HMD Global Oy for $350 million.

Nigeria's government on Wednesday warned against "illegal strike action" after some union members vowed to press ahead with a national strike over petrol price rises despite a court injunction.

Finance ministers and central bankers from the G7 meet in Japan this week for talks likely to highlight a sharp divide over currency policy and how to breathe life into the wheezing global economy.

Suzuki on Wednesday admitted to finding "discrepancies" in its fuel-economy and emissions testing, but the firm denied deliberately manipulating data to make cars seem more efficient.

The alleged mastermind of a scam which cost Chinese investors hundreds of millions of dollars lived in a penthouse flat featuring peacocks and fountains, reports said Monday after he was paraded on television confessing.

Chinese ride-hailing app Didi Chuxing is mulling an initial public offering, a report said Monday, after US technology giant Apple invested $1 billion in the rival to Uber.

With a spoon and spatula in hand, Zaid, a 23-year-old Iraqi refugee, lifts the lid on a large pot filled with goulash and potatoes as he begins his shift.

South Korea said Monday it will fine Nissan for manipulating emissions data on a popular diesel sports utility vehicle, bringing the Japanese car giant into a widening global scandal that has already ensnared Volkswagen and Mitsubishi.

PFIZER Inc will buy Anacor Pharmaceuticals Inc in a deal valued at $5.2 billion, net of cash, to gain access to Anacor's experimental gel for treating eczema.

DHL Global Forwarding has great business potential with its capabilities, existing product portfolios and new business opportunities in Bangladesh, said Nooruddin Chowdhury, the company's country manager.

A European Parliament vote against granting China market economy status in the World Trade Organisation was "not at all constructive", Beijing's foreign minister said Monday as he met his French counterpart.

Oil prices jumped over 2 percent on Monday to their highest since October 2015 on growing Nigerian oil output disruptions and after long-time bear Goldman Sachs said the market had ended almost two years of oversupply and flipped to a deficit.

Russia's economy contracted by 1.2 percent in the first quarter of this year compared with the same quarter last year, in a tentative sign of stabilisation, the state statistics service said on Monday.

HSBC, Europe's largest bank, started laying off 840 information technology workers in Britain on Monday, the first big tranche of redundancies under a restructuring plan that will eliminate 8,000 British jobs by the end of next year.

Qatar Airways has delayed the launch of the world's longest scheduled direct flight -- from Doha to Auckland, New Zealand -- by two