German automaker Volkswagen, the new number two worldwide, said on Monday it expected sales to grow further this year after confirming record results for 2011.

VW posted sales last year of 159.3 billion euros ($209 billion), a gain of 25.6 percent on a 12-month basis, along with a 57-percent leap in operating profit to 11.3 billion euros.

In a recent study conducted by Deloitte, entitled ‘Fortresses and footholds: Emerging market growth strategies, practices and outlook’, over 600 executives from 10 key emerging markets, including countries in the Middle East, were surveyed to capture the greatest revenue opportunities, successful growth strategies and challenges each company faced.

The Deloitte study found that the greatest success in emerging markets came from understanding the special requirements of customers in each market, and then designing offerings to meet their needs at appropriate market prices.

President Michel Suleiman urged Arab businessmen on Monday to improve the Arab job market to provide better opportunities for the region’s youth.

On the 60th anniversary of the establishment of General Union of Arab Chambers, Suleiman said social growth and personal liberties are a guarantee to develop freedom and justice.

India on Sunday reversed its ban on cotton exports in a swift U-turn just six days after the policy announcement was greeted with outrage from farmers.

The government of India, the world's second-largest producer of cotton, unexpectedly banned all exports of the crop last Monday, saying it wanted to protect supplies for domestic mills.

Eurozone finance ministers meet Monday in Brussels to give their final approval to the second Greek bailout and discuss tightening measures to prevent a repetition of the crisis.

The ministers are expected to sign off on the 130 billion euro ($171 billion) rescue program after Greece's private creditors approved wiping off some 100 billion Euros from Athens' debt.

Just weeks after the opening of four Chery dealerships in Venezuela, dozens of people are lining up every day to buy the first Chinese cars being sold in the Latin American nation.

Unlike competing Japanese and American cars, import preferences granted by the Venezuelan government mean the Chinese cars are cheaper, which has attracted a steady stream of interested customers.

In the eastern Chinese city of Wuxi, home to the world's biggest maker of solar panels, labor is so cheap that workers carry out jobs by hand while machines designed to perform the same tasks sit idle.

The low cost of labor, coupled with the massive scale of production at its 14,000-person plant, have enabled China's Suntech to become the global industry leader in just a decade.

Employment in Canada was mostly unchanged in February, but a decline in the number of people looking for work pushed the jobless rate down slightly to 7.4 percent, a government agency said Friday.

Analysts had predicted that 15,000 new jobs would be created in the month, while the unemployment rate would remain at the previous month's level of 7.6 percent.

Greece said on Friday it had clinched a "historic" debt swap, opening the way for an urgent second bailout to save the country from bankruptcy and the Eurozone from a new crisis.

Private creditors tendered bonds amounting to 83.5 percent of debt covered by a deal to cancel half the amount owed -- a write-off worth 107 billion Euros ($142 billion) on the basis of full acceptance.

Sports cars, reputed for being energy guzzlers, are now trying to boost their green credentials as they seek to attract environmentally conscious consumers and meet new climate standards.

At the Geneva Motor Show, Ferrari conscientiously draped signs on its new models saying that the vehicles' carbon emissions have been cut by 30 percent.