G7: Brexit 'risk to global growth'

A declaration at the G7 meeting in Japan says a vote by the UK to leave the European Union would pose a "serious threat to global growth".

In their final statement, the group warned that a UK exit from the EU would reverse the trend of increased global trade, investment and jobs.

Sugar shortage cuts Coca-Cola production in Venezuela

A sugar shortage has forced Coca-Cola to stop producing soft drinks in Venezuela amid an escalating food and energy shortage.



Coke said that suppliers in Venezuela will "temporarily cease operations due to a lack of raw materials".

Uber joins race for driverless cars

US car-hailing company Uber has joined the race for driverless car technology, confirming it is testing a vehicle on the streets of Pittsburgh.

The company said in a statement it had outfitted a Ford Fusion with radar, laser scanners and cameras.

ICBC to be first Chinese lender to own London vault

Standard Bank was formed after the Chinese bought a majority stake in the markets operation of Standard Bank in 2015



China's ICBC, the world's biggest bank by assets, is buying a massive vault in London as it looks to grow its gold and precious metals business.

Baidu under investigation by Chinese regulators

Regulators in China are investigating Baidu over the death of a student who used the search engine to look up cancer treatments.



Wei Zexi, aged 21, a computer science student at Xidian University, died last month of a rare form of cancer.

Volkswagen: The scandal explained

 

 What is Volkswagen accused of?



It's been dubbed the "diesel dupe". In September, the Environmental Protection Agency (EPA) found that many VW cars being sold in America had a "defeat device" - or software - in diesel engines that could detect when they were being tested, changing the performance accordingly to improve results. The German car giant has since admitted cheating emissions tests in the US.

Apple revenue falls for first time since 2003

Apple reported a 13% drop in its second quarter revenue on Tuesday as sales of iPhones slipped.

The technology giant reported quarterly sales of $50.56bn (£34.39bn) down from $58bn last year - the first fall in sales for the company since 2003.

India revokes passport of drinks tycoon Vijay Mallya

Mr Mallya was once dubbed the King of Good Times 

 

India has revoked the passport of business tycoon Vijay Mallya accused of hiding in Britain over billions in debt from his defunct Kingfisher Airlines.

IMF: EU exit could cause severe damage

The UK's exit from the European Union could cause "severe regional and global damage", the International Monetary Fund has warned in its latest outlook.

Angola seeks IMF help in wake of oil price falls

Oil exporting Angola has asked the International Monetary Fund (IMF) for financial assistance.

A Finance Ministry statement said the government would work with the IMF to improve economic and financial stability.

Oil prices slump on Saudi comments

Oil prices have fallen sharply after Saudi Arabia said it would freeze production only if other major producers did the same.

The comments by deputy crown prince Mohammed bin Salman are seen as a challenge to Iran.

Tata Steel 'to sell UK business'

Steel giant Tata is expected to announce the sale of its loss-making UK business, union sources say.

The decision puts the jobs of thousands of UK workers in doubt.
The Indian company held a board meeting in Mumbai on Tuesday at which the decision was made to sell its UK steel operations.

Maria Sharapova: Nike suspends contract with Russian over drugs test

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Media caption"I did fail the test and take full responsibility for it," said Sharapova at a news conference in Los Angeles

Nike has suspended its relationship with Maria Sharapova after the five-time Grand Slam tennis champion admitted failing a drug test.

Also, Swiss watchmaker Tag Heuer announced that it will not be renewing its contract with the tennis star.

Facebook to pay millions of pounds more in UK tax

More from Kamal

• Business and Brexit - not as simple as it seems
• Barclays chief executive: We must regain trust
• '900,000 retail jobs could go by 2025'
• Business joins the Brexit debate

Facebook is set to pay millions of pounds more in tax in the UK after a major overhaul of its tax structure.

Why East Africa wants to ban second-hand clothes

 Image caption These second-hand shoes are all carefully cleaned before being resold in Nairobi

Many people in Africa buy second-hand clothes sent from Europe and the US.