Plunging crude prices battered oil giants' profits in the first quarter, another blow following credit downgrades, layoffs and drilling cutbacks in the wake of a long rout.

Nissan has said it will recall more than 3.8 million vehicles, mostly in North America, because the passenger-side airbag may not deploy in a crash due to a defect in the seat sensor.

Etihad Airways said on Wednesday its net profit for 2015 surged 41 percent to $103 million on the back of rising passenger numbers and cargo volumes.

Desperately seeking an antidote to a rapidly aging population, Japanese policymakers are exploring ways to bring in more foreign workers without calling it an "immigration policy".

Sri Lanka is expected to reach a staff level agreement with the International Monetary Fund (IMF) for a loan as early as this week, the central bank deputy governor said on Tuesday.

APPLE Inc on Tuesday posted its first-ever decline in iPhone sales and its first revenue drop in 13 years as the company credited with inventing the smartphone struggles with an increasingly saturated market.

Leaving the European Union would cost the average working Briton the equivalent of a month's salary by 2020, the Organisation for Economic Co-operation and Development said on Wednesday, joining a list of economic bodies warning against an exit.

Trade protection measures cannot solve the fundamental problem facing the global steel industry, China's Ministry of Commerce said on Monday in response to Australia imposing import duties on Chinese rebar.

The European Union charged Google on Wednesday with abusing the dominant position of its Android mobile operating system, opening a second front against the US technology giant that could lead to large fines.

Uncertainty surrounding Britain's vote on whether to stay in or leave the European Union has left small and medium-sized British companies facing a 35.6 billion pound currency risk, a report said on Wednesday.

India should find ways to support higher economic growth on a sustainable basis and not fritter away gains as it did in the past, the country's central bank Governor Raghuram Rajan said on Wednesday.

Outside a small store on a dirt track in the remote Ethiopian town of Doni, long queues wait for government cash handouts by the most modern of methods: mobile phone.

A group of international steel producing countries has called for urgent action to curb overproduction. The call comes days after international talks to find measures to tackle the industry crisis failed.

Iran faces a struggle to increase oil exports because many of its tankers are tied up storing crude, some are not seaworthy, and foreign shipowners remain reluctant to carry its cargoes.

French authorities have sent McDonald's France a 300 million euro ($341 million) bill for unpaid taxes on profits believed to have been funnelled through Luxembourg and Switzerland, business magazine L'Expansion reported on Tuesday.

Ukraine will closely track assets belonging to owners of banks to stop the offering of sweetheart loans to shareholders - a practice that helped bankrupt 40 percent of the banking sector, a deputy governor of the central bank said.

Britain's unemployment rate stands at its lowest level in more than a decade, but the jobless total has risen for the first time in almost a year, data showed Wednesday.

Oil prices fell on Wednesday as investor focus returned to worries about oversupply after Kuwaiti workers ended a three-day strike that had halved the nation's crude output.

Global payments technology company Visa announced the launch of its “Swipe & Save” campaign for its customers in Bangladesh.

The German government on Wednesday stuck to its economic growth forecast of 1.7 percent for this year, despite a slowdown in emerging markets, as strong domestic demand replaces exports as the main pillar of Europe's largest economy.