A string of jihadist attacks and rising risks to the global economy overshadowed Wednesday's opening of the annual meeting of the world's rich and powerful in a snow-blanketed Swiss ski resort.

Apple Inc has applied to set up its own stores in India, one of the world's fastest growing smartphone markets, as the iPhone-maker looks to tap new opportunities amid worries of slowing growth in its main markets.

Chinese overseas direct investment (ODI) rose to nearly $120 billion last year, official data showed Wednesday, as the world's second-largest economy sought to acquire foreign technologies, expand markets and diversify energy supply.

India's telecom regulator strongly criticises Facebook over its campaign to drum up support for its Free Basics internet plan.

The chief executive of one of the world's biggest firms Royal Dutch Shell warned on Sunday that the oil and gas company would be negatively impacted were Britons to back leaving the European Union in a referendum.

Russian stock markets and the ruble fell further on Monday as the currency edged closer to a historic low on the back of a fresh slump in oil prices.

German automaker Daimler said Monday that its heavy goods vehicles unit, Daimler Trucks, planned a swift return to the Iranian market, after the US and EU lifted sanctions against Tehran over its nuclear programme.

China's embattled top securities regulator, Xiao Gang, has offered to resign, sources said, after perceived mismanagement wiped more than $5 trillion off the capitalisation of the Shanghai and Shenzhen stock markets since they peaked last June.

WITH petroleum investment and the manufacturing sector sagging and the stock market in free fall, many Americans are wondering when they will begin to see the benefits of cheap oil.

CHINA will require foreign financial institutions in the country to hold yuan in reserve, the central bank said Monday as it seeks to stabilise the currency, which has been hit by capital flight.

Opec said Monday that it expects a "rebalancing process" to begin in 2016 as the sharp fall in the oil price causes production from non-cartel competitors such as the US to fall after seven years of "phenomenal" growth.

German companies are trying not to let themselves be spooked by the economic slowdown in China, even if they concede they are currently seeing a drop in demand for their products there.

The stockmarket regulator yesterday allowed Bangladesh National Insurance Company to start its initial public offering subscription on February 17 and continue it to February 25.

Indian steel giant Tata Steel said Monday it will cut 1,050 more jobs in Britain following thousands of cuts in the industry announced last year, blaming China for plunging steel prices.

The richest one percent of the world's population now own more than the rest of us combined, aid group Oxfam says, on the eve of the World Economic Forum (WEF) in Davos.

Greek unions on Friday announced a general strike against a planned overhaul of the country's ailing pensions system.

European fruit growers could be able to export apples and pears to the United States later this year, the EU executive said on Saturday, following the publication of new US rules.

China's bank lending declined sharply in December from November, the central bank said on Friday, despite moves to keep the world's second largest economy from slowing further with looser monetary policy.

OIL prices plummeted to $29 a barrel on Friday on the likely resumption soon of Iranian oil exports into an already flooded market as international sanctions against Iran are lifted, dragging equity indices around the world sharply lower.

China's gross domestic product (GDP) totalled more than $10 trillion in 2015 and the economy grew by around 7 percent, with the services sector accounting for half of GDP, Premier Li Keqiang said on Saturday.