The West

China faces battle over market economy status

Beijing (AFP) - China's battle for recognition as a market economy that would help it avoid penalties from key trade partners has been thwarted, as a key clause in Beijing's deal to join the WTO …

World Business

Milan (AFP) - Italy's Monte dei Paschi di Siena saw its stock tumble more than 12 percent on Friday over reports the ECB had denied it more time to raise the cash it needs to avoid being wound down.

New York (AFP) - Coca-Cola announced Friday that chief executive Muhtar Kent will step down next year as the beverage giant confronts a tougher demand environment for soda.

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