A new report into the financial impact of the McMurray fires says some C$985m (£528m) in oil sands production has been lost.

The US lifts more of its economic sanctions on Myanmar, following historic political reforms in the country.

The US raises its import duties on Chinese steelmakers by more than five-fold after accusing them of selling their products below market prices.

Japanese stocks are rising after data showed the country's economy dodged a recession in the first three months of the year.

Shares of Japanese automaker Suzuki Motor fall 9% on reports it may have conducted improper fuel economy testing.

China's biggest home appliances manufacturer Midea makes an unsolicited takeover bid for German industrial robot maker Kuka.

Energy firm SSE says plummeting wholesale gas prices and lower household energy demand led to a 19% fall in annual profits.

Luxury fashion firm Burberry reports a fall in profits amid a "challenging environment" and announces plans to overhaul its retail operations.