The combined net worth of the world's 400 richest people has been cut by $US196 billion ($268 billion).
Volkswagen will settle its emissions scandal case for $US14.7 billion ($20 billion), the largest payout by a car maker to consumers in US history, sources say.
Italy is preparing a €40 billion ($60 billion) rescue of its financial system as bank shares collapse on the Milan bourse and the powerful aftershock of Brexit shakes European markets.
Britain is likely to enter a recession within the year as a result of the Brexit vote, Goldman Sachs' top economists say.
Fast food giant McDonald's Australia cut its tax bill by more than halve in 2015 by routing payments via the low-tax nation of Singapore.
By Ben Blanchard
The United Kingdom's decision to vote to leave the European Union was one motivated by emotion and fear, Australian business leaders say.
It's a momentous choice - and not in a good way. The immediate risk to Britain's economy is grave, and it may shake the European Union almost as badly.
Bankers' early confidence quickly evaporated after vote counts suggest the "leave" camp has the other hand, with the pound plunging to a 30-year low.
It's hard to blame the British for wanting independence from the EU. But the reality is sobering.
The tension over Britain's historic referendum has spilled over to social media, where people let their pets battle it out.
Volkswagen AG will pay nearly $US10.3 billion ($13.4 billion) to settle claims by US regulators stemming from its diesel emissions cheating scandal, a source briefed on the agreement said on Thursday.
Activists say the technology allows the the Gulf kingdom to conduct real-time tracking of the population.
Across Europe, banks are bringing in sleeping bags and bunk beds: It promises to be a record-setting night, whether in terms of trading volatility or in gallons of coffee consumed.
It's been a bonanza for the bookies. but can we trust their odds that the "leave" camp has a very slim chance to win the vote? Don't bet on it.
Britain could quickly lose its AAA credit rating after a vote in favour of leaving the EU, Standard & Poor's chief sovereign ratings officer tells German tabloid.
It all begins with tax cuts so massive they would result in $12.7 trillion in revenue losses. Then after the sugar hit, years of pain, Moody's analysis predicts.
The coffee chain is deliberately misleading customers to save money on milk, plaintiffs say. The company is fighting the claims.
Wall Street executive accused of making $33.5 million getting the drop on regulatory drug approvals is found dead in an apparent suicide.
German prosecutors probe Martin Winterkorn and another senior executive, who are suspected of possible market manipulation related to the car maker's emissions scandal.
India's central bank governor Raghuram Rajan said he will step down when his term ends in early September.
A vote to exit the European Union in next week's referendum could leave Britain's economy more than 5 per cent smaller by 2019 than if it stays in the 28-nation club, the International Monetary Fund said.
To understand today's global economy, look back 80 years. Now, just like then, a financial crisis has left deep scars.
To make money in today's bond market, keep finding the greater fool. It works until the music stops.
The low-tax nation has signed up to a global plan to fight tax evasion.
This money manager is loading up on cash to be ready to profit if the UK votes to leave the European Union.
It has something 320 million people can't do without, but Twitter's recent efforts to keep up with the Big Five are "all sad, and too late".
Until now, even the boring parts of the legalised marijuana world was too controversial for mainstream companies.
Cosmetics maker Revlon will buy Elizabeth Arden for $US870 million in a deal that pushed the company's shares up 49 per cent on the day.
As chances increase that Britain might actually walk, central banks, investors and businesspeople are franticly drawing up contingency plans. It's an exercise in guesswork and hope.