UK GDP rose 0.9 percent in the second quarter, up from the expected value of 0.8 percent according to the report published by the Office for National Statistics. This increase suggests that the country is recovering faster than expected.

China's growing consumer economy will lead to rise in prices and eventually reduce its role as the supplier of cheap consumer goods to the world.

U.S. single-family home prices rose in July on a year-over-year basis but fell short of expectations, a closely watched survey said on Tuesday.

China's government has kicked off a media campaign in support of genetically modified crops, as it battles a wave of negative publicity over a technology it hopes will play a major role in boosting its food security.

France will tax drugmakers whose costly hepatitis C drugs threaten to throw off course its healthcare budget, the government has said, heaping pressure on pharmaceutical companies like Gilead Sciences to cut their prices.

Rupert Murdoch's News Corp (NWSA.O) said it would buy Move Inc (MOVE.O), the owner of property websites such as realtor.com, for about $950 million to expand its digital marketing business.

Internet auction site eBay intends to drive a wave of consolidation in Russia's e-commerce market over the next couple of years, persuading smaller companies to get on board as the economy weakens.

World markets were in hesitant mood on Tuesday as investors wondered what China's response would be to civil unrest in Hong Kong, while the U.S. dollar eased off the throttle after its biggest quarterly gain in six years.

Supermarket chain Supervalu Inc(SVU.N) reported on Monday a second attack against its payment systems barely two months after it said it was investigating a potential data breach.

U.S. medical device maker Medtronic Inc is likely to try to renegotiate the structure and terms of its $42.9 billion deal to buy Ireland's Covidien Plc in response to new U.S. tax rules, according to people familiar with the situation.