The International Monetary Fund's number two official on Tuesday told Iran that it faces a crucial opportunity to rebuild its economy and rejoin the global economy.

However, with sanctions over its nuclear program lifted but tough U.S. restrictions still in place on banking, IMF deputy managing director David Lipton said Tehran needs to take key steps, including taking action to stop money laundering and terror financing.

India's Prime Minister Narendra Modi will visit Iran this week, seeking to boost trade with the oil-rich country after international sanctions were lifted this year, it was announced Tuesday.

A group of German businessmen and academics are taking the European Central Bank to court over its controversial bond-buying program, their lawyer said on Tuesday.

Deutsche Bank, Germany's biggest lender, said Tuesday it has hired Thomas Piquemal, the former finance chief of French power supplier EDF, as head of its global mergers and acquisitions department.

Piquemal, 47, "will join the bank effective May 17," Deutsche Bank said in a statement.

Brent crude pushed towards $50 a barrel in Asia Tuesday, boosted by supply disruptions from the escalating Canadian wildfires and armed attacks against oil facilities in Nigeria.

Billionaire investor Warren Buffett has taken a $1 billion stake in Apple, whose stock has been in an extended slump.

The stake was revealed in a regulatory filing by Buffett's holding company Berkshire Hathaway after Apple shares skidded last week to their lowest level in two years.

More than 300 business chiefs on Monday urged Britain to vote to leave the EU in June's referendum, arguing in a joint letter that its bureaucracy stifled companies' ability to grow.

Russia's second largest bank VTB on Monday announced a return to profit in the first quarter, saying "stabilisation" in the Russian economy had boosted revenues, although by less than analysts had expected.

Between January and March, state-controlled VTB posted a net profit of 600 million rubles ($9.24 million), after a 18.3-billion-ruble loss in the same period last year.

Chedid Capital Holding the multi-awarded insurance and reinsurance regional group, in collaboration with prominent investors in Dubai, announced the acquisition of 75 percent of Al Manara Insurance Services Co Ltd Sharjah, an insurance brokerage firm operating in the United Arab Emirates.

This move is part of the company’s expansion and consolidation plan in countries of the EMEA region by 2017.

Bringing a 110-year old French legacy to Lebanon, Angelina, the world- renowned Parisian concept that embraces a tea house, patisserie and a restaurant celebrated the opening of its tearoom in Beirut gathering officials, social figures and media representative.

With an international presence in France, Qatar, United Arab Emirates, Singapore, Hong Kong, China and Japan and over 30 tea houses and boutiques across the world, Angelina pursues its expansion with its fifth tearoom in the Middle East in the heart of Lebanon’s Capital, Beirut.