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Will the UK’s ‘Living Wage’ boost spending power?

As the U.K.’s new minimum wage came into force on Friday, a report showed that spending power is already at its highest in at least six years.

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Brazil’s Petrobras to axe 12,000 jobs

Brazil’s state-run oil producer, Petrobras, is to cut 12,000 jobs as it struggles to save money following a bribery and price-fixing scandal.

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Blackberry squeezed as sales slump

Blackberry sales fall by almost $200m in the three months to February in a bigger-than-expected slide that sent shares down almost 8%.

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VIDEO: Sculpting Madagascar’s artisanal spirit

How one entrepreneurial artist is creating jobs in Madagascar.

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Oil slumps on oversupply fears

Oil prices fall sharply after Saudi Arabia says it will freeze production only if Iran and other major producers do the same.

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Sainsbury’s wins battle to buy Argos

Sainsbury’s wins control of Argos after Home Retail Group agrees to a £1.4bn takeover by the supermarket.

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Brussels terror attacks hit Europe-wide travel

The terrorist attacks in Brussels that killed 32 people last week are set to knock international visitor numbers across Europe in the months ahead.

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US creates 215,000 jobs in March

The US economy added 215,000 jobs in March, while the unemployment rate rises to 5% from 4.9%.

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Sour grapes: Climate change shock for wine trade

A host of extreme weather from cold snaps and sharp frosts to downpours could threaten the U.K. wine industry, according to new research.

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Rock stars want changes to YouTube

Top rock and pop stars are banding together in a bid to make it harder to commit music piracy.