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Shell signs $11 billion deal to build petrochemicals plant in Iraq 8:31am GMT

BAGHDAD - Royal Dutch Shell has signed a deal with Iraq worth $11 billion (7 billion pounds) to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser al-Esawi said on Wednesday.

A tug pulls a container barge down the River Thames in front of London's financial district of Canary Wharf in the early morning January 24, 2015. REUTERS/Russell Boyce

Qatari-led group wins battle for Canary Wharf

A Qatari-led consortium looks set to win its long-running battle to buy Songbird Estates after the owner of London's Canary Wharf business district dropped its opposition to the $4 billion offer.  Full Article 

An employee works at a garment factory, which exports products to Europe, in Hefei, Anhui province January 19, 2015. REUTERS/Stringer

China to set growth target at around 7 percent

BEIJING - China plans to cut its growth target to around 7 percent in 2015, its lowest goal in 11 years, sources say, as policymakers try to manage slowing growth, job creation and pursuing reforms intended to make the economy more driven by market forces.  Full Article 

Workers prepare for the opening of an Apple store in Hangzhou, Zhejiang province, January 23, 2015. REUTERS/Chance Chan

Apple takes high road in smartphone standoff

SHANGHAI - Apple is steering clear of Chinese rival Xiaomi's low-price online strategy, ramping up store openings in China to harness its premium edge.  Full Article | Video 

Volkswagen Phaeton Exclusive is pictured during a media preview day at the Frankfurt Motor Show (IAA) September 10, 2013. REUTERS/Pawel Kopczynski

VW bets big to revamp luxury Phaeton

BERLIN - With Volkswagen having embarked on a big cost-cutting drive, industry experts are baffled why the 'people's car' maker plans to spend millions of euros upgrading a luxury saloon.  Full Article 

A young woman, dressed as a 'Barbie' doll, poses with a new 'Barbie' doll during the press preview of the 66th International Toy Fair in Nuremberg January 27, 2015. REUTERS/Michaela Rehle

Can Superhero Barbie revive Mattel?

Mattel launches a new- look Barbie at the Nuremberg Toy Fair to help it fight off competition from the likes of Disney and Lego, a day after Chief Executive Brian Stockton was removed following a disappointing holiday shopping season.  Video 

Novak Djokovic of Serbia celebrates after defeating Milos Raonic of Canada in their men's singles quarter-final match at the Australian Open 2015 tennis tournament in Melbourne January 28, 2015. REUTERS/Thomas Peter

Djokovic, Wawrinka set up epic showdown

MELBOURNE - Top seed Novak Djokovic and champion Stan Wawrinka set up 'The Djoker v The Man 3.0' at Melbourne Park after impressive quarter-final victories, while an ill Serena Williams moved a step closer to her 19th grand slam title.  Full Article