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Nigeria becomes Africa's largest economy

Nigeria has overtaken South Africa as Africa's largest economy after a rebasing calculation almost doubled its gross domestic product to more than $500bn, data from the statistics office showed.

Read more: Nigeria becomes Africa's largest economy

   

Spanish anti-austerity protests continue

Tens of thousands of people in Spain have taken to the streets again to protest against government austerity measures.

Read more: Spanish anti-austerity protests continue

   

GM CEO grilled over traffic deaths

The fix for a faulty ignition switch linked to 13 traffic deaths would have cost just 57 cents, members of Congress said as they demanded answers from General Motors' new chief executive on why the carmaker took 10 years to recall cars with the defect.

Read more: GM CEO grilled over traffic deaths

   

Gazprom raises gas price for Ukraine

Russian energy giant Gazprom has announced a more than 40 percent increase in the price of gas exports to Ukraine, scrapping a previous discount amid mounting strains between the two countries.

Read more: Gazprom raises gas price for Ukraine

   

Lufthansa cancels 3,800 flights due to strike

Germany's Lufthansa has cancelled 3,800 flights later this week in anticipation of an expected three-day strike by pilots starting on Wednesday.

Read more: Lufthansa cancels 3,800 flights due to strike

   

US car company recalls millions of vehicles

A US car giant has recalled nearly a million vehicles globally amid concerns of a potentially deadly ignition fault that can stop a vehicle dead at high speed and disable safety features.

Read more: US car company recalls millions of vehicles

   

Anti-austerity protesters march in Spain

Tens of thousands of protesters from across Spain converged in Madrid, calling for an end to EU-imposed austerity that has deepened poverty among the worst-off.

Read more: Anti-austerity protesters march in Spain

   

Toyota to pay $1.2bn in safety-probe deal

Toyota is to pay a record $1.2bn to resolve a criminal investigation into its handling of consumer complaints over safety issues, in what officials say is the largest penalty levied by the United States on a car company.

Read more: Toyota to pay $1.2bn in safety-probe deal

   

French rogue trader's jail sentence upheld

A top French appeals court has upheld rogue trader Jerome Kerviel's three-year jail sentence over high-risk trading that cost the Societe Generale bank $7bn.

Read more: French rogue trader's jail sentence upheld

   

Primark to pay $10m to Bangladesh victims

British clothes retailer Primark will pay a further $10m in compensation to victims of the collapse of a Bangladeshi factory last year that killed more than 1,100 people.

Read more: Primark to pay $10m to Bangladesh victims

   

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