British consumers have resumed borrowing and house prices have jumped by the most in more than 16 years, surging by an annual 13.4 per cent, according to data that showed the economy bouncing back from its pandemic slump.

The global steel industry may have to write down up to $70 billion in assets in the coming years because it is still building new blast furnaces using coal that will become obsolete as the world cuts carbon emissions, a report said on Tuesday.

The global steel industry may have to write down up to $70 billion in assets in the coming years because it is still building new blast furnaces using coal that will become obsolete as the world cuts carbon emissions, a report said on Tuesday.

German carmaker Daimler is on track to spin off Daimler Truck, the world’s largest truck and bus maker, by the end of the year, its finance chief was quoted as saying on Sunday.

Airbus has offered to assemble Eurofighter aircraft in Switzerland if Bern picks it for a 6 billion Swiss franc ($6.5 billion) defence contract, a top salesman at the consortium told a Swiss Sunday newspaper.

Nearly 140 countries will haggle over key details of a global corporate tax plan this week, with some concerned about giving up too much and others eager to ensure tech giants pay their fair share.

Thousands of supporters of Italy's Northern League have poured into one of Rome's biggest squares for a rally against immigration.

Italian coastguard rescue over 2,000 migrants in difficulty between Italian island of Lampedusa and Libyan coast