Carmaker Volkswagen and its subsidiaries said Tuesday they would offer cash incentives to trade in old diesel cars, as Germany struggles to reduce harmful emissions following a cheating scandal.

Fast food giant McDonald's said Tuesday it would almost double the number of restaurants in China over the next five years as it refocuses on international markets amid slowing US sales.

Indonesia's economy grew a slower-than-expected 5.01 percent in the second quarter as a dip in household consumption and a slowdown in key commodity prices hit the resource-rich country, data released Monday showed.

Tesla Inc said on Monday it intends to raise about $1.5 billion in a bond offering as the U.S. automaker seeks to ramp up production of its newest electric sedan, the Model 3.

Oil prices edged lower on Monday, sliding away from nine-week highs, as worries lingered over high production from Opec and the United States.

German industrial production declined in June, disappointing analysts' expectations, official data showed on Monday.

Some European exporters are beginning to worry about the strengthening euro which has rebounded from near parity with the dollar after Donald Trump's election, though analysts see little immediate risk to growth.

When a cash crisis struck the war-torn North African country of Libya, many people were forced to queue for days to withdraw their savings. But electronic payments systems set up to tackle the dearth of cash have struggled to gain credibility amid accusations of abuse.

China's foreign exchange reserves rose more than expected in July to a nine-month high as tighter regulations and a weaker dollar curbed capital outflows.

Saudi Arabian billionaire Prince Alwaleed bin Talal is to invest more than $800 million in hotels in Egypt, the investment ministry in Cairo said on Monday.

Gold prices edged lower on Monday, failing to gain support from a weaker dollar as investors digested sharp losses in the previous session and worried about further U.S. rate hikes.

German industrial conglomerate Siemens confirmed its full-year forecast Thursday, after a third quarter that saw revenues and profits increase even as large orders fell.

The prospect of crude remaining near the current $50 level is no longer a doomsday scenario for the world's oil majors whose latest earnings announcements show that cost-cutting lets them turn a profit even at these price levels.

Senior Indian government officials say the Reserve Bank of India should have cut interest rates more aggressively on Wednesday, signalling fresh tensions between New Delhi and the Mumbai-based central bank on how to revive economic growth and create jobs.

India, one of the world's largest markets for pharmaceuticals, is drawing up its first set of marketing rules for drugmakers, restricting gifts and trips offered to doctors and pharmacists to 1,000 rupees ($15), according to a draft proposal seen by Reuters.

Apple reported stronger-than-expected results for the past quarter, with higher revenues and profits, delivering a boost to its share price.

India's leading digital payments firm Paytm plans to launch a messaging service by the end of this month to compete with Facebook Inc's WhatsApp, a source familiar with the matter said on Tuesday.

Mainland Chinese are snapping up more properties in Thailand for both personal and investment purposes, after being priced out of the market in big cities at home, developers in the Southeast Asian country said on Wednesday.

Sri Lanka Wednesday announced plans to sell off two state-owned luxury hotel companies following its billion-dollar privatisation of a loss-making port.

Bitcoin's underlying software code was split on Tuesday, generating a new clone called "Bitcoin Cash," but the new virtual currency got off to a slow start due to lackluster support for its network.