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China's Xi preaches diversification in gambling hub Macau

Focus on building a global tourism and leisure centre because casino industry is unsustainable, warns Chinese president.

Fitch raises Egypt's credit rating to 'B'

Ratings agency says authorities seemed committed to major reforms and that political stability has improved.

Black Friday boosts British retail sales

British retail sales rose strongly in November from a month earlier as shoppers snapped up bargains on 'Black Friday' ahead of the festive season.

Many back Putin even as ruble falls

The ruble has lost more than half its value and the economy is in crisis but most Russians see Vladimir Putin as the solution.

Corruption a major drag on Italy’s economy

Italy's economy lost almost a fifth of its potential output during the past two decades due to rampant corruption, the country's main business lobby has reported.

Avon products settles bribery charges for $135m

The world's largest direct seller of cosmetics, Avon Products Inc., will pay $135-million to settle criminal and civil charges.

Company liquidations fall

A total of 1,941 companies were liquidated between January and last month, and though this was a 13% drop compared with the same period last year, the number is still high.

Russians flock to shop before costs go up

Russian consumers flocked to the stories frantically buying a range of big-ticket items to pre-empt the price rises, following the fall of the value of the ruble.


Airbnb to add tax onto bookings made for accommodation in Amsterdam

In a first for Europe, the Dutch tourist hot spot and online booking portal have come to an agreement on tourist tax.


Market Meltdown board game a hit with London’s wealthy

Sales of the financial crisis board game surge in UK's richest areas. The popularity of Market Meltdown has prompted store owners to up stock in the banking district.


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