Nominations were opening Wednesday to replace Prime Minister David Cameron as leader of the Conservative Party, with the victor getting the challenge — or the poisoned chalice — of negotiating Britain's exit from the European Union.
Volkswagen's main shareholder, Porsche SE, says it made a loss after tax of 273 million euros ($302.3 million) last year due to the emissions cheating scandal affecting VW's diesel cars.
Mitsubishi is resuming sales of vehicles for which it had reported inflated mileage, after offering to compensate each buyer with 100,000 yen ($960) to make up for the extra gas.
A top official in the United Arab Emirates has issued an order for the merging of two of the Gulf nation's most prominent government wealth funds, streamlining the country's investment strategy as it weathers a slump in oil prices.
The bodies of dozens of suspected drug peddlers have turned up in the Philippines in recent weeks, providing an eerie backdrop to the swearing-in on Thursday of Rodrigo Duterte, who has warned of a bloody presidency in his bid to eradicate crime.
The Italian navy says it has recovered the migrant ship that sank off Sicily last year with an estimated 700 people onboard in one of the worst known tragedies of the Mediterranean migrant crisis.
Acting Prime Minister Mariano Rajoy says he hopes his conservative Popular Party can form a strong, four-year coalition government or else be allowed run a minority one and avoid fresh elections.
A closely watched survey shows German consumer confidence has increased again, but its authors cautioned the British vote to leave the European Union could bring it down in coming months.
European leaders pushed Britain toward the exit door Tuesday, warning Prime Minister David Cameron that there's no turning back after his country's unprecedented vote to leave the EU and pressing for a quick and clear British departure plan to quell worldwide anxiety about the continent's future.
EU leaders are meeting without Britain for the first time to rethink their union and keep it from disintegrating after Britain's unprecedented vote to leave.
Hoping to show the world his country is doing just fine despite sanctions and outside pressure over its nuclear weapons program, North Korean leader Kim Jong Un has put his soldier-builders to work on yet another major project — a series of apartments and high-rises that are once again changing the Pyongyang skyline.
Russian and U.S. officials blamed each other Tuesday for unsafe maneuvers in incident involving both countries’ navies in the Mediterranean Sea on June 17.
Suicide attackers killed dozens and wounded more than 140 at Istanbul's busy Ataturk Airport, as Turkish officials blamed Tuesday's massacre at the international terminal on three suspected Islamic State group militants.
