Business

By Agencies

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

By Agencies

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

By Agencies

Shares in Tokyo have soared, closing at their highest level in almost five years, with the market driven by a weakening Japanese currency and after Wall Street hit fresh all-time highs on solid jobs data.

Read more: Japanese stock market soars to five-year high

By Agencies

India's Supreme Court has paved the way for the commissioning of a nuclear power plant in the southern state of Tamil Nadu that has been the target of widespread protests.

Read more: Court approves contested India nuclear plant

By Agencies

Portugal plans to avoid the threat of needing another bailout by making another $6.3bn in cuts over the next three years, with measures including raising the retirement age by one year to 66 and laying off around 30,000 government workers, the prime minister has said.

Read more: Portugal to cut thousands of government jobs

By Agencies

The US economy added 165,000 jobs for the month of April, exceeding expectations while driving down the unemployment rate to a four-year low of 7.5 percent.

Read more: US economy adds more jobs than expected

By MWC News

Western retailers have rushed to rethink brand strategies and address public concerns in the wake of the Bangladesh building collapse tragedy.

Read more: Bangladesh tragedy forces retail rethink

By Agencies

Recession in the crisis-hit eurozone will be deeper than expected for the rest of the year, with even some of Europe's biggest economies suffering from hardships.

Read more: EU to shrink further into recession

By Agencies

The European Central Bank has cut interest rates for the first time in 10 months, promising to provide as much liquidity as eurozone banks need well into next year and to help smaller companies get access to credit.

Read more: ECB cuts interest rates to record low

By Agencies

Facebook's profits climbed 58 percent in the first quarter from a year ago to $217m, amid a surge in mobile advertising revenue.

Read more: Mobile advertising rise fuels Facebook profit