China has set a target of reaching $1 trillion worth of trade in services by the year 2020, according to a newly released economic planning policy paper that emphasized a shift away from the export of goods.
Regions
U.S. appears ready to make commercial drone flights much easier
U.S. aviation regulators are preparing to ease commercial restrictions on small drones under a draft rule to be released Sunday, according to regulators and a government analysis that leaked over the weekend.
Swiss banks trade Zurich's costly charm for Polish provinces
Swiss financial titans UBS and Credit Suisse are expanding their operations in provincial Poland in a cost-saving drive made more urgent by the surge in the value of the Swiss franc.
Eyes of the world on Greece
The coming week will go a long way to dictating whether Greece remains in the euro zone. A meeting of euro zone finance ministers on Monday is tasked with producing a deal that will keep Greece solvent and which is acceptable to both sides.
Tesco to cut up to 10,000 jobs: Sunday Telegraph
Britain's biggest supermarket Tesco (TSCO.L) could cut up to 10,000 jobs as part of its attempts to halt a slide in profits, a newspaper reported.
Latest News
General Motors Co (GM.N) on Saturday recalled 81,123 cars because of concerns about their electric power steering systems. The recall is an expansion of one last year that recalled 1.3 million vehicles for steering problems. Saturday's recall covers 2006 and 2007 Chevrolet Malibu, Malibu Maxx and Pontiac G6 cars.
United Airlines (UAL.N) will outsource about 1,150 positions at 16 airports across the country, but reached tentative agreements with its union to keep another 800 jobs in-house that also had been under scrutiny, a company spokesman said on Friday.
The U.S. airline industry expressed concerns on Friday about the tentative merger of Expedia Inc (EXPE.O) and Orbitz Worldwide Inc (OWW.N), saying it could hurt the travel business, but hinted it would not lobby actively against the deal.
The U.S. Food and Drug Administration said it approved Japan's Eisai Co Ltd's drug to treat the most common form of thyroid cancer more than two months ahead of the review date.
China is planning an international tourism zone in its northeastern border area with Russia and North Korea, state news agency Xinhua said on Friday, in Pyongyang's latest push for new investment.
Buyout group HgCapital is planning a potential 300 million euro ($342 million) sale of nursing home operator Casa Reha as the consolidation of Germany's fragmented healthcare services sector continues apace, sources familiar with the deal said.
Euro zone gross domestic product (GDP) grew by more than expected in the final three months of 2014, data from the European statistics agency Eurostat showed on Friday, as the German economy accelerated.
United States Treasury Secretary Jack Lew called Greek Prime Minister Alexis Tsipras on Friday to express support for a favourable outcome in Greece's negotiations with its euro zone partners, Tsipras' office said in a statement on Friday.
Didi Dache and Kuaidi Dache, two of China's leading taxi-hailing apps, said on Saturday they would merge to create one of the world's largest smartphone-based transport services.
