Fake car crashes helped to push the level of insurance fraud to a record £1.3bn in 2013, according to the Association of British Insurers (ABI).

Two major business lobby groups, the CBI and the British Chambers of Commerce, suggest the UK economy is in good health.

Consumer prices in Japan rise at their fastest pace in 23 years in April, surging 3.2% from a year earlier, as the sales tax rise comes into effect.

Jersey financial regulators are accused of failing to act against an island-based trust allegedly involved in selling gold sourced from militia in the war-torn DR Congo.

South Korea is stepping up its hunt for the owner of the ferry company whose vessel the Sewol sank last month with the loss of some 300 lives.

US internet giant Google will allow EU citizens to ask for their personal data to be removed from search results, the Financial Times reports.

Reliance Industries, one the biggest corporate houses in India, says it will acquire a majority stake in a major media firm Network18.

Microsoft's former CEO Steve Ballmer reaches a deal to buy the Los Angeles Clippers basketball team for $2bn (£1.2bn), reports say.