World Business News
The US service sector expanded at its fastest rate in a year in February, as a rise in new orders helped push up prices, a survey has indicated.
Bailed out US insurance giant AIG is selling shares worth $6bn (£3.8bn) in Hong-Kong based AIA Group, to help repay the US government.
Tesco is to create 20,000 jobs in the UK, focusing on opportunities for young unemployed people, it has announced.
Rising oil prices often are the death knell for economic recovery. This time around the surge in crude oil is looking more like a harbinger of better days.
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