A “Temporarily Unavailable” sticker  on a picture of chicken nuggets on the menu at a McDonald’s restaurant in Hong Kong last Friday. McDonald’s Corp has suspended sales of certain items in Hong Kong after the Husi  food safety scare. Photograph: Reuters/Bobby Yip

OSI Group LLC, a meat supplier to McDonald’s Corp, said it would recall all products made by its Shanghai plant. “To help rebuild the trust . .(...)

IMF chief economist Olivier Blanchard: “Advanced economies are still confronted with high levels of public and private debt, which act as brakes on the recovery.”  Photograph: EPA/Alex Cruz

The International Monetary Fund has downgraded its outlook for global growth, blaming a “weak first quarter” in which the US economy contracted and “(...)

A customer places items from a display of bread goods into her shopping cart inside an Asda supermarket, the UK retail arm of Wal-Mart Stores. Photographer: Simon Dawson/Bloomberg

UK retail sales rebounded in July as consumers boosted spending on food, clothing and footwear, the Confederation of British Industry said. A gauge of(...)

Google shares climbed as much as 3 per cent in extended trading. Photograph: Francois Lenoir/Reuters

Google sales exceeded estimates in the second quarter as the company sold more advertising alongside web-search results. Revenue, excluding sales pass(...)

President Barack Obama makes a statement on the crash of a Malaysian Airlines flight in eastern Ukraine during a visit to the Port of Wilmington, Delaware, US, today. Photograph: Doug Mills/The New York Times

President Barack Obama said he’s directed his national security team to stay in touch with Ukrainian authorities as they respond to the crash of a Mal(...)

Austrian finance minister Michael Spindelegger listens during a session of the parliament in Vienna. Photograph: Heinz-Peter Bader/Reuters

Austria and the World Bank may end up in court over the planned wipe-out of junior creditors of nationalised Hypo Alpe-Adria-Bank International , the (...)

A customer carries a shopping basket through the vegetable aisle inside a Netto discount store, operated by Danske Supermarked  in Copenhagen. Photographer: Freya Ingrid Morales/Bloomberg

The euro-area inflation rate held steady in June, as weak energy and food costs continued to subdue prices. Annual consumer-price growth remained at 0(...)

Espirito Santo plunged 11 per cent to 39.6 cents, its lowest price since June 2012. Photograph: Mario Proenca/Bloomberg

Markets went into retreat yesterday on renewed fears about Portugal’s Banco Espirito Santo and comments from Federal Reserve chairwoman Janet Yellen (...)

An employee works on the halogen light production line at the Royal Philips NV automotive lighting factory in Aachen, Germany. Photographer: Jasper Juinen/Bloomberg

German investor confidence declined for a seventh month in July as slower growth and geopolitical risks weighed on the outlook for Europe’s largest ec(...)

The restructuring may end up being the biggest in Microsoft history, topping the 5,800 jobs cut in 2009

Microsoft is planning its biggest round of job cuts in five years as the software maker looks to integrate Nokia’s handset unit, Bloomberg reported, c(...)