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Japan’s economy shows signs of recovery

Japan's economy, the third-largest in the world, has registered the quickest growth in a year, pointing to economic recovery, as the government stepped up public works spending and eased credit to encourage investment.

Read more: Japan’s economy shows signs of recovery

   

EU raids oil majors in 'price fixing' probe

The European Commission has carried out surprise inspections at several major oil companies over possible price manipulation in breach of EU anti-trust rules.

Read more: EU raids oil majors in 'price fixing' probe

   

Jury awards $70m in Las Vegas Sands lawsuit

Adelson had attended court last week for closing arguments but was absent from Tuesday's ruling [EPA]A jury has awarded a Hong Kong businessman a $70m judgement against Las Vegas Sands Corp., the casino giant run by billionaire Sheldon Adelson.

Read more: Jury awards $70m in Las Vegas Sands lawsuit

   

France slides into recession as exports fall

The number of unemployed people in France hit an all-time high in March [AFP]France has entered a shallow recession in the first quarter of the year as the economy contracted by 0.2 percent, as figures from Germany also showed that it had got off to an unexpectedly weak start to the year with a marginal growth of just 0.1 percent.

Read more: France slides into recession as exports fall

   

G7 nations agree to tackle tax evasion

The G7 group of industrialised nations have agreed that collective action is needed to ensure that firms and individuals pay the tax they owe.

Read more: G7 nations agree to tackle tax evasion

   

US Fed broadens oversight beyond banks

The US Federal Reserve has broadened its oversight beyond banks and now monitors a wide-range of financial institutions that could hasten another financial crisis, Chairman Ben Bernanke said.

Read more: US Fed broadens oversight beyond banks

   

Italian phone giant fined in market probe

Telecom Italia has been fined $135 million by Italy's anti-trust agency, which alleged that the telecomms giant abused its market position.

Read more: Italian phone giant fined in market probe

   

S Africa platinum giant plans major job cuts

Anglo American Platinum has said it would cut 6,000 mining jobs in South Africa, fewer than half the 14,000 initially proposed, as it strives to restore profits without triggering a backlash from the government and restive unions.

Read more: S Africa platinum giant plans major job cuts

   

Panasonic forecasts profit despite big loss

Panasonic Corp, the Japanese consumer electronics company, has reported a near-record net loss of 754bn yen ($7.5 bn) for the fiscal year through March due to restructuring costs and falling sales.

Read more: Panasonic forecasts profit despite big loss

   

Brazil's Azevedo wins race to head WTO

Brazil's Roberto Azevedo has won the race to become the next head of the World Trade Organisation (WTO), in a move seen as helping to confirm the Latin American nation's growing status as a global power.

Read more: Brazil's Azevedo wins race to head WTO

   

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