When a guesthouse belonging to one of Nigeria's leading Christian pastors collapsed last month, killing 115 mostly South African pilgrims, attention focused on the multimillion-dollar "megachurches" that form a huge, untaxed sector of Africa's top economy.
Industry
Trade engine shifts down just as global growth needs a boost
Policymakers scrambling to keep the world economy from settling into the "new mediocre" of sluggish growth can no longer rely on global trade to do the heavy lifting.
Euro zone seeks to soften German opposition to stimulus spending
France and Italy will keep pressure on Germany this week to use government money to revive the euro zone's stagnating economy but in a sign of inertia, a promised list of projects to create growth will not be ready until December.
Fiat Chrysler crowns merger with Wall Street debut
Fiat Chrysler Automobiles (FCA) makes its Wall Street debut to great fanfare on Monday, shifting the carmaker's center of gravity away from Italy and capping a decade of canny dealmaking and tough restructuring by CEO Sergio Marchionne.
South Korea, China agree to extend swap facility to 2017
South Korea and China agreed to extend an existing swap agreement worth 64 trillion Korean won or 360 billion yuan by three more years, the Bank of Korea said in a statement on Saturday.
Latest News
A sculpture of a goddess riding a chariot and a limestone bust of a woman's head upon which the sculptor Modigliani used to light candles are the centerpieces of an eye-popping 500 million pounds ($800 million) of art put on show at Sotheby's on Friday.
Air France-KLM is pressing ahead with expansion of its low cost brand in France and has a back-up plan if a deadlock with pilots continues, its Chairman and Chief Executive Officer Alexandre de Juniac said in an interview published on Sunday.
The $700 trillion financial derivatives industry has agreed to a fundamental rule change from January to help regulators to wind down failed banks without destabilising markets.
The hunt for dividend yield is pushing U.S. fund managers into an unproven new offshoot of the alternative energy industry. Yield companies - commonly called "yieldcos" - are spinoffs of alternative energy companies that own assets such as wind or solar farms and pay investors dividends out of the cash flow generated by long-term contracts to sell power to utility companies.
Federal Reserve officials on Saturday took stock of a slowdown in the global economy and said it could delay an increase in U.S. interest rates if serious enough.
The International Monetary Fund's member countries on Saturday said bold action was needed to bolster the global economic recovery and they urged governments not to squelch growth by tightening budgets too drastically, although Germany poured cold water on the idea of a new global "crisis."
Airbus took a step on Friday toward opening a second plant in China by signing a letter of intent with Chinese authorities to set up a cabin completion center for its wide-body A330 jets.
Ice cream and fast-food restaurant chain Dairy Queen has confirmed a security breach that may have compromised the payment card information of customers at several hundred locations across 46 U.S. states.
Sears Holdings Corp (SHLD.O) said it was the victim of a cyberattack that likely resulted in the theft of some customer payment cards at its Kmart stores, the latest in a series of computer security breaches to hit U.S. companies and dealing a fresh blow to the struggling U.S. retailer.
