The latest stories from the Business section of the BBC News web site.
Updated: 11 hours 50 min ago
Virendra Anand moved from India to Hong Kong 27 years ago and now has a successful business restoring high-performance cars and yachts.
Rampant inflation largely caused by international sanctions has left Iran's economy in its worst state for two decades.
John Lewis chairman Charlie Mayfield and Nigel Bogle, co-founder of the Bartle Bogle Hegarty advertising agency, are both knighted in the Queen's Birthday Honours list.
Detroit will stop debt payments, the city's financial manager says, as he sets out a proposal for creditors to take a big cut on what they are owed.
UK pensioners' incomes have risen faster than all other age groups in the last 30 years, a study has shown.
Northern Ireland has been given a boost to its economy to attract overseas investment and help create jobs.
The IMF urges the US to repeal the huge federal budget cuts introduced this year under the sequester, denouncing them as "excessively rapid and ill-designed".
The United Nations says India will overtake China as the world's most populous country by 2028, and that the global population will reach 9.6 billion by 2050.
Paul Tucker, deputy governor of the Bank of England, will step down later this year, having lost out on the top job to Canadian Mark Carney.
The Scottish Premier League imposes a registration embargo on Hearts after they fail to pay some players on time.
Post Office workers will go on two more one-day strikes before the end of June, in an ongoing dispute over closures, job security and pay.
The Home Office and five other government departments agree budget cuts ahead of Chancellor George Osborne's spending review.
This week's figures from the jobs market showed the number in work has increased, unemployment is down but the squeeze on spending power has continued.
Charging motorists per mile would reduce congestion and lower taxes, says think tank
The newest aircraft from European planemaker Airbus, the A350, successfully completes its maiden flight from Toulouse.
Singapore's central bank censures 20 banks for attempting to rig the city-state's benchmark interest rates.
Chancellor Angela Merkel of Germany tells the BBC young European job-seekers should be prepared to move in search of work.
The Home Office and five other departments are the latest to reach a deal with George Osborne over spending cuts, the government has confirmed.
Online Scrabble players are angered by changes made to a mobile version of Scrabble since its takeover by EA
Uganda is to impose a 10% tax on cash transfers by mobile phones and other money transfer operators to plug a $214m hole in its budget after donor aid cuts.