Reducing poverty was high on the agenda at the annual meeting of the World Bank Group and International Monetary Fund, with an ambitious target set for 2020.

US retail giant Wal-Mart Stores has announced that it will break its partnership with Indian retailer Bharti Enterprises.

In line with increased levels of optimism over business and economic prospects, more than two-thirds of companies in London plan to expand in the next year.

A new 26,000-square-metre R&D ICT cluster is being built in Belgium's Ghent Technology Park, with investment from Investment by Ghent University, MG Real Estate and Globalindus.

Calgary has the highest number of headquarters per capita in all of Canada thanks to the strength of the energy sector in the city. But businesses are also drawn to the city’s welcoming tax climate, quality of life and educated labour pool.

The latest Corruption Risk Index from risk analysis firm Maplecroft shows little change, with many developing economies still performing poorly thanks to widespread corruption.

Over the next two decades the difference in average wages in developed economies compared with developing ones will decrease, according to a report by PricewaterhouseCoopers.

Kenya's reputation as a safe tourist destination has been damaged by the recent terrorist attack in the country's capital, Nairobi.

The Transnational Corporation of Nigeria has agreed to provide the remaining $225m needed to finance a gas-fired thermal power plant in Delta State, Nigeria.

Global executives are notably more optimistic about economic conditions and future opportunities than they were in June, according to a survey by global consultancy McKinsey.