LONDON Britain and the euro zone will avoid a recession but face slower economic growth as a result of the decision by British voters to leave the European Union, ratings agency Standard & Poor's said on Wednesday.
JERUSALEM Former Israeli president and elder statesman Shimon Peres, a joint winner of the 1994 Nobel Peace Prize, died in hospital on Wednesday at 93, two weeks after suffering a massive stroke. | Video
FRANKFURT Deutsche Bank AG has sold its British insurance business Abbey Life to Phoenix Group Holdings as it sheds non-core assets and reduces its balance sheet in an effort to reassure anxious investors and meet regulators' demands.
BEIRUT A bakery and major hospital were hit in bombardments of rebel-held eastern Aleppo early on Wednesday, residents said, as Syrian government forces pressed their Russian-backed campaign to retake the whole city.
NEW YORK Royal Bank of Scotland Group Plc will pay $1.1 billion (£847.07 million) to resolve claims that it sold toxic mortgage-backed securities to credit unions that later failed, the U.S. National Credit Union Administration (NCUA) said.
AMSTERDAM International prosecutors investigating the downing of a Malaysian airliner over eastern Ukraine in 2014 will report their findings on Wednesday, but stop short of naming any culprits.
LONDON SABMiller shareholders backed the brewer's $100-billion-plus takeover by rival Anheuser-Busch InBev by a large majority on Wednesday, paving the way for one of the biggest corporate mergers in history.
LONDON Bank of England Deputy Governor Minouche Shafik said she expected the central bank would need to pump more stimulus into Britain's economy "at some point" as it adjusts to the shock of the vote to leave the European Union.
MOSCOW Vladimir Putin appears politically invincible after Russia's ruling party won its biggest ever parliamentary majority this month. But he faces an increasingly pressing dilemma: How best to ensure the survival of a system built around himself.
LONDON An emotional and apologetic Sam Allardyce headed for the airport on Wednesday, blaming entrapment for his shock exit as England manager but recognising that an error of judgement had led to his downfall.