Registrations of new cars in Germany spiked in May compared with the same month last year, official data showed Friday.

The aggregate increase in per capita income of a country does not necessarily ensure poverty reduction, particularly in a developing economy like Bangladesh.

From President Vladimir Putin down, Russian officials have long agreed the country's economy needs to reform or risk prolonged stagnation as it edges out of the longest recession in 20 years.

Indian billionaire Anil Ambani insisted Friday that debt-saddled Reliance Communications had a bright future as he moved to reassure investors who are worried that the telecoms company is close to defaulting on loans.

Norway's $960 billion sovereign wealth fund will ask the banks in which it has invested to disclose how their lending contributes to greenhouse gas emissions, its chief executive told Reuters on Friday.

The US trade gap widened in April for the second straight month as Americans bought more imported consumer goods, the Commerce Department reported Friday.

Canada's trade deficit narrowed in April to Can$370 million (US$274 million), as exports to the United States hit a record high, the government statistical agency announced Friday.

Apple Inc is expected to announce plans next week to make its Siri voice assistant work with a larger variety of apps, as the technology company looks to counter the runaway success of Amazon.com Inc's competing Alexa service.

Several major US companies, including Wal-Mart Stores Inc, JP Morgan Chase & Co and IBM Corp, on Friday said their CEOs will remain in an influential presidential advisory group despite objecting to President Donald Trump's withdrawal from the Paris climate accord.

Privatising state-owned airline Air India will be "very difficult" unless the government writes off at least part of its debts, a senior government economic adviser said on Friday after a top policy panel recommended selling off the carrier.

Toyota Motor Corp on Wednesday said the infotainment system of its revamped Camry sedan to be sold in the United States will run on a Linux-based, open-source technology platform as it tries to keep up with tech firms in developing software for cars.

China's industrial engine cranked up again in May, reassuring investors worried about slowing growth in the world's second-biggest economy as it grappled with debt risks and tried to shake off a stinging ratings downgrade from Moody's Investors Service.

Inflation in Germany, Europe's largest economy, fell back in May, official figures showed on Tuesday, as the volatility seen in the headline

Saudi Aramco is to build the region's biggest shipyard in a $5.2 billion joint venture with South Korea's Hyundai Heavy Industries and others, the partners said on Wednesday.

The US Federal Reserve on Tuesday fined German financial giant Deutsche Bank $41 million over failures to screen billions of dollars in potentially suspicions transactions.

Russian gas giant Gazprom on Wednesday announced a drop in first-quarter profits on the back of weaker gas prices in Europe, but the damage for the energy mammoth was less than expected.

India's 2017/18 sugar production will likely jump a quarter from the previous year to 25 million tonnes as decent monsoon rains are forecast, the head of an industry body told Reuters.

Thousands of Spanish taxis went on strike in Madrid and Barcelona on Tuesday to protest against ride-hailing companies such as Uber and Cabify.

Experienced Indian techie Raghu Narayanaswamy lost his job recently and fears he may not get another, as analysts warn of massive layoffs across the country's multi-billion-dollar information technology sector.

A creator of the Android software powering smartphones around the world steps into the hardware market with a handset that promises to tackle the clutter, complexity and rapid obsolescence of current devices.