Nokia Corp., battered by the popularity of smartphones, is abandoning the Japanese market after a brief foray with luxury cellphones costing as much as 20 million yen ($250,000).
Chinese search giant Baidu Inc. will use Microsoft's Bing for some English-language results as the software giant tries to expand its small share of China's search market.
China’s post-1980s generation, a group numbering more than 200 million, have often been labeled as spoiled, money worshippers or apathetic. But the under 30s generation have also been the trailblazers of Chinese entrepreneurship across the seas.
Authorities struggled Sunday to gauge the environmental and crop damage from tens of thousands of gallons (liters) of oil that spilled into the legendary Yellowstone River, as Montana's governor criticized Exxon Mobil for downplaying the scope of the disaster.
Australia's consumer prices were flat in June and inflation remains within the central bank's target range, a widely-watched private measure of inflation showed on Monday.
Russia's power group InterRAO resumed electricity supplies to Belarus on Saturday, the company's spokesman said, ending nearly four days of power cuts over unpaid bills.
Euro zone finance ministers agreed to disburse a further 12 billion euros ($17.4 billion) to Greece and said the details of a second aid package for Athens would now be finalised by mid-September.
Defense contractor Lockheed Martin Corp. plans to cut 1,500 jobs in its airplane-making business, saying it needs to cut costs due to the prospect of limited defense spending.
The London Stock Exchange's C$3.6 billion ($3.7 billion) plan to buy its Toronto counterpart collapsed on Wednesday in the face of a competing bid led by Canadian banks, leaving the UK exchange itself vulnerable to takeover.
Bank of America Corp said it expects to take more than $20 billion of charges after settling with mortgage bond investors, resulting in a second-quarter loss.
Greece's parliament approved deeply unpopular austerity measures despite worsening violence on Wednesday, in a vote vital towards securing international funds and preventing the euro zone's first sovereign default.
General Electric Co has extended its global Olympic sponsorship through 2020 in a deal worth hundreds of millions of dollars.
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