British food-to-clothing retailer Marks and Spencer will shut more than 100 "underperforming" UK stores in an ongoing restructuring, it said Tuesday.

European stocks rose Tuesday, with London hitting a record peak on upbeat global sentiment and easing Italian political worries, dealers said.

China announced Tuesday that it would cut tariffs on auto imports from July 1, the latest sign of a thaw in trade frictions with the United States.

Nigeria's economy grew slower than expected in the first quarter, official statistics showed Monday, with an expansion in oil production offset by a sputtering non-oil sector. 

The United Arab Emirates has announced plans to allow 100 percent ownership and visa incentives to foreigners, in a bid to attract investors to boost its slowing national economy.

Asian and European markets mostly rose Monday and the dollar extended gains after the US and China said they had agreed to hold off imposing tariffs, averting a potentially damaging trade war.

Irish budget carrier Ryanair said Monday its net profit had risen 10 percent in 2017-2018 despite the cancellation of thousands of flights, but forecast a fall this year due to higher oil prices.  

The chairman of South Korean conglomerate LG Group has died, company officials said Sunday. He was 73.

Koo Bon-moo is credited with expanding the business empire -- centered around consumer electronics, displays and chemicals -- founded by his grandfather in 1947.

Washington and Beijing have agreed to abandon any trade war and back off from imposing tariffs on each other, Chinese state media reported Sunday.

The stability of the eurozone will be at stake if a populist new government in Italy fails to keep its financial commitments, French Economy Minister Bruno Le Maire warned Sunday.