U.K. prosecutors are preparing to try to cast Tom Hayes, a former star trader at UBS and Citigroup, as the ringleader of a global conspiracy to rig interest rates in a trial that starts Tuesday in London.
African economies will gather pace this year and next year, in their fitful and uneven economic ascent, three prominent organizations said in a joint report.
European stocks pushed lower, weighed by more concerns about the state of Greece’s finances, although trading is set to be limited with key markets closed.
Australia’s decision to reject an inquiry into the iron-ore market has stirred up a bitter debate over the industry’s relentless output expansion, despite sinking prices.
Sirius Resources, which is building a vast nickel mine in Australia, agreed to a cash-and-shares takeover by rival Independence Group.
To attract customers in China, Audi is betting on connected cars that feature autonomous-driving technology designed to free up drivers to browse the Internet while in transit.
Seeking to boost domestic consumption and sustain economic growth, China will cut import duties on cosmetics, shoes and clothes by an average of one-half.
Australia is considering allowing foreign airlines to fly domestic routes in the tropical north of the country, in a plan that could potentially hurt local carriers.
Sweden emerged victorious in the 60th edition of the Eurovision Song Contest, narrowly beating Russia, which was booed by the audience at the Wiener Stadthalle arena in Vienna.