World Business News

European and US stock markets surged on Friday after eurozone leaders agreed a bailout deal for the region's debt-laden banks.

Rising wages in China may be squeezing the profits of many manufacturers -- but they are also feeding a boom in the robotics industry.

Crude oil futures fell 3% on Thursday, heading for the worst quarterly performance since the 2008 financial debacle, on worries that an EU summit will not find durable solutions to the euro zone crisis, stifling global growth prospects.

Ratan Tata has been awarded a Lifetime Achievement Award by the prestigious Rockefeller Foundation for innovation in philanthropy.