BUSINESS

South Korea cites oversupply in taxi market and raises concern that unorganised operators would be hit.

Drug firm GlaxoSmithKline paid £300m after being found guilty of bribery in China.

The Harrow East MP's claims were double that of the average MP.

More than 100,000 merchants now accept cryptocurrency, while bitcoin search engine is developed.

The chief executive and other senior management at Brazil's Petrobras resigned on Wednesday (February 4) amid a festering corruption scandal, sending shares higher as the government scrambled to find replacements capable of restoring investor confidence in the state-run oil company.

More than 100,000 merchants now accept bitcoin, including Microsoft, Expedia and Twitch.

The former business secretary wants the government to establish an independent commission.

Greece's new left-wing government is trying to write-off half the country's debt.

Greek Finance Minister Yanis Varoufakis said he had a fruitful discussion with European Central Bank President Mario Draghi on Wednesday (February 4) and delivered the message that there cannot be business as usual in Greece.

PBoC move aimed at lifting China's economic growth from a 24-year low.

A sensational collection of classic cars found in the French countryside is going on sale in Paris.

Security firm Taia Global has evidence Russian hackers breached Sony Pictures and still have unauthorised access to systems.

Turkish banking regulators on Tuesday (February 3) seized control of Islamic lender Bank Asya, citing insufficient transparency to allow for proper regulation, after the bank suffered losses from the fallout of a political power struggle.

Finance minister Yanis Varoufakis held 'fruitful' talks with ECB chief Mario Draghi in Frankfurt.

Redknapp has spent £107.8m across 11 January transfer windows.

Google removed three apps infected with adware from its Play Store, but only after they were downloaded millions of times.

The rouble has come off 11% from last week's low but fundamental as well as technical challenges remain.

The senior Tory MP spoke with less than 100 days to go before the general election.

Xinhua says Western media have been prejudiced and short-sighted in their portrayal of the Brics group.

Russian currency has fallen in line with oil prices since last summer.

Allan Leighton was the former boss of Asda and Royal Mail.

Patrick Pouyanne says oil prices usually take 18 months to recover from major price drop.

Markit data shows UK service sector expanded faster than expected in January.

According to the Hurun Global Rich List for 2015, UK was on fifth place with a total of 80 billionaires.

Greece's new government wants to reset the terms of its financial bailout with the IMF and EU.

Some 204,000 new customers subscribed to Sky in the last six months.

Dollar is off 2.3% from the recent 12-year high while the spot Brent is up 30% from the recent multi-year low.

Local Data Company reveals there are twice as many empty shops in England's northern regions than the South.

Net income for Disney was up by 19%