Irish budget carrier Ryanair said Monday its net profit had risen 10 percent in 2017-2018 despite the cancellation of thousands of flights, but forecast a fall this year due to higher oil prices.  

The chairman of South Korean conglomerate LG Group has died, company officials said Sunday. He was 73.

Koo Bon-moo is credited with expanding the business empire -- centered around consumer electronics, displays and chemicals -- founded by his grandfather in 1947.

Washington and Beijing have agreed to abandon any trade war and back off from imposing tariffs on each other, Chinese state media reported Sunday.

The stability of the eurozone will be at stake if a populist new government in Italy fails to keep its financial commitments, French Economy Minister Bruno Le Maire warned Sunday.

Europe could end up rueing a potential new deal between China and the United States after the two sides stepped back from a trade war, France's Economy Minister Bruno Le Maire warned Sunday.

Latin America's top oil exporter, Venezuela, is deep in an economic and political crisis brought on plummeting oil prices and marked by violent anti-government protests.

The company owned by the family of President Donald Trump's son-in-law, Jared Kushner, is close to receiving a bailout of its flagship New York building from a company with ties to Qatar, The New York Times reported Thursday.

U.S. President Donald Trump threw cold water on the chances of reaching a deal on trade with China, just as a delegation from Beijing was in Washington for talks on Thursday.

Danish shipping group Maersk Tankers on Thursday said it would cease its activities in Iran due to the US's decision to leave a landmark nuclear deal and reimpose sanctions against the Islamic Republic. 

The Russia-led Eurasian Economic Union trade bloc signed an interim trade deal with Iran on Thursday and plans to negotiate a free trade zone, said Kazakhstan which hosted the talks.