UK has most number of $1bn-plus tech start-ups in Europe
UK currently has 17 tech start-ups, known as 'unicorns', while Europe has a total of 40 start-ups, a research by GP Bullhound says.
Angola's Luanda costliest city for expatriates; London ranked No. 12
Hong Kong is number two, followed by Zurich, Singapore and Geneva, according to Mercer's latest Cost of Living survey.
Elliott Associates: Samsung Group must pay fair value to Samsung C&T shareholders
Elliott continues to view terms of proposed takeover as unfair, unlawful and significantly damaging to interests of Samsung C&T's shareholders.
China and Australia ink landmark Free Trade Agreement
The deal now has to be approved by parliaments of both nations for it to come into effect.
US clears £47bn mega merger between Shell and BG Group
The proposed merger has cleared its first antitrust hurdle by receiving early termination of the US antitrust waiting period.
Asia to overtake North America in private financial wealth by 2016
Asia's private wealth soared 29% to $47tn in 2014, according to a Boston Consulting Group report.
Nestle to cut 15% workforce in Africa amid disappointing middle-class growth
Company says it overestimated rise of the middle class in Africa.
MERS outbreak: South Korea likely to boost spending by up to $22bn as death toll rises to 19
Economists say the Korean government may announce a supplementary budget due to a "more worrisome" economic situation.
China and Australia to formalise FTA on 17 June
Australia's Trade Minister Andrew Robb and China's Commerce Minister Gao Hucheng will formalise the China-Australia Free Trade Agreement in Canberra on 17 June.
Jamaica among governments vying for HSBC's possible new headquarters
Jamaica has contacted HSBC to lure the bank into shifting its headquarters to the island state, Sky News reported.
Coty to buy 3 Procter & Gamble businesses for $12bn
The company has won auctions to purchase P&G's hair-care, fragrance and cosmetics businesses, expanding its product portfolio.
Former PetroChina vice-chairman Liao Yongyuan faces prosecution after graft investigation by Communist Party
Liao has been accused of taking "enormous" bribes and abusing his position to help with job promotions.
Dragon Oil shares up 8% after board agrees to sweetened takeover offer from UAE's Enoc
Dragon Oil shareholders will receive £7.50 per share in cash, valuing the company at £3.7bn.
Alibaba to enter China's high-growth video streaming market with TBO
The company is planning to launch video streaming services in China in the next two months, as it looks to emulate Netflix and HBO in US.
Prince Alwaleed bin Talal does not want Jack Dorsey to remain Twitter boss
Saudi billionaire Prince Alwaleed is one of Twitter's earliest and biggest shareholders.
Local investors in Korea back Elliott Associates move to block merger of Samsung affiliates
Investors' backing of Elliott comes in contrast to Koreans' hostility towards foreign investors, whom they portray as "money-hungry opportunists".
Nestle Maggi noodles: Indian court refuses to lift ban
India's food regulators asked to submit written explanation for ban.
US probes Nike's 1996 sponsorship of Brazilian football team for possible corruption
Probe is part of US Justice Department's wide-ranging investigation into corruption in global football business.
Research: 30% of US shoppers already using mobile wallets, forcing retailers to adopt new technology
Around 64% of consumers surveyed say that they would rather shop at retailers that provide mobile payment option.
Zimbabwe to give $1 for Z$35 quadrillion in exchange rate as nation phases out local currency
Country has already been using US dollars and South African rand, as local currency suffered due to hyperinflation that hit the economy six years ago.
Oil industry has become hackers' favourite because of potential to create blackouts or spills
Misuse of physical equipment by hackers could emerge as major threat for oil industry worldwide.
MERS outbreak expected to hit South Korea's tourism and banking sectors
Tourism could be affected as Hong Kong, Macau and Taiwan issue alerts.
World Bank slashes global economic growth forecast over woes in emerging markets
Developing countries are now projected to grow by 4.4% in 2015, down from the previous projection of 4.8%.
Nike signs $1bn deal with NBA to provide uniforms
Nike will become first NBA apparel partner to have its logo appear on NBA uniforms.
Fx fixing scandal: Citigroup paid $2.5bn in fines for rigging currency rates as bank made just $1m from misconduct
Bank's fine was 2,500 times more than what it made from FX rigging.
US hedge fund Elliott seeks to block Samsung C&T's treasury share sale to Cheil Industries affiliate
Merger seen as Samsung family bid to ensure control of group.
26 African nations to sign continent's largest free-trade agreement
Treaty, known as Tripartite Free Trade Area (TFTA), will be officially unveiled at upcoming summit of African Union this weekend in South Africa.
Norway most expensive nation to buy petrol as UK ranks 7th
In Norway, petrol prices are 26% higher than that in the UK, where price per litre is £1.21.
Facebook generates more than half of ad revenues overseas
Overseas markets accounted for 51% of company's global ad sales in the first quarter.
GE to sell private-equity-lending unit to Canadian pension fund for $12bn
GE Capital has so far announced sales of more than $55bn and is moving towards disposition of $100bn by end of 2015.
