British business leaders welcomed Theresa May on her Brexit clarity Tuesday but insisted the UK prime minister must deliver on her pledge to secure access to the EU single market.

The British pound shot to nearly $1.24 Tuesday after Prime Minister Theresa May declared that any Brexit deal would be put to a parliamentary vote, in a speech seen as less hawkish than feared.

Chinese President Xi Jinping presented himself as a champion of globalization Tuesday, lecturing the world elite in Davos on the dangers of protectionism and the futility of trade wars

Iran will build a mobile phone network and petrol terminal in Syria under deals signed in Tehran on Tuesday during a visit by Prime Minister Imad Khamis, Iranian media reported.

The five deals include a "licence for a mobile phone operator, the transfer of 5,000 hectares for the creation of a petrol terminal and 5,000 hectares for farmland" in Syria, according to the IRNA news agency.

An Iranian man accused of helping to embezzle billions of dollars while the country evaded international oil sanctions has been arrested after a lengthy international manhunt, media reported Monday.

Saudi Arabia's Energy Minister Khaled al-Falih said Monday it was "unlikely" oil producers would need to extend a six-month cap on output, pointing to a pick-up in global demand.    

Low-cost Saudi carrier flynas on Monday signed an $8.6 billion deal with European plane manufacturer Airbus to purchase 80 A320neo single-aisle jets.

Flynas chairman Ayed al-Jeaid said at the signing ceremony in Riyadh that the deal includes an option for 40 more of the short to medium-haul planes in what airline executives said is a growing domestic market.

South Korean prosecutors on Monday sought the arrest of the heir to the Samsung empire over a scandal that has seen the country's president impeached, in the latest setback for the giant conglomerate.

Samsung, the world's largest smartphone maker, is already reeling from the international debacle over its Galaxy Note 7, which was recalled after some devices caught fire.  

Turkey's unemployment rate in October was the highest since 2010, the statistical authorities said Monday, the latest in a slew of bleak indicators for the economy.

Donald Trump has been crowing as companies including Ford renounce plans to move factories to Mexico. But the main beneficiaries of this shift back to the U.S. aren't saying much by way of celebration -- industrial robots don't tend to speak.