Jeffrey Immelt, who is stepping down as chairman and CEO of General Electric after 16 years, will retire with at least $US112 million ($148.5 million).

After a Sunday meeting that lasted more than six hours, a representative for Uber's board said directors approved several changes, without providing clarity on the fates of chief executive Travis Kalanick or his confidant and head of business, Emil Michael.

British business confidence has fallen sharply since last Thursday's inconclusive election.

Uber's board will discuss chief executive Travis Kalanick temporarily stepping away from the embattled ride-hailing firm.

An anonymous fan of Warren Buffett agreed to pay $3.5 million at an online charity auction to have lunch with the billionaire chairman of Berkshire Hathaway.

Jack Ma's net worth surged $3.7 billion overnight as Alibaba forecast sales growth that topped every analysts' estimate.

Federal Aviation Administration statistics indicate that airplane fires involving lithium batteries are on the rise.

Deutsche Bank is not allowed to share information it may have about President Donald Trump's finances and his possible ties to Russia despite a request from US lawmakers, the German lender told Congress on Thursday.

Ray Dalio, founder of the world's largest hedge fund, was initially bullish on Donald Trump's ability to stimulate the economy. A few months on, the billionaire is growing increasingly concerned.

Pharma tycoon Dilip Shanghvi has seen his fortune dropping $18.7 billion from its peak about two years ago.

On top of stricter emission controls and a move toward electric vehicles, Asia's diesel traders now have to worry about sea cucumbers off China's coast.

The Trump Organization has revealed plans for "American Idea", a new three-star hotel chain with a patriotic flair, echoing Trump's campaign slogan about putting America first.

• COMMENT

The problem isn't globalisation per se, but the rise of what Henry James called a 'hotel civilisation'.

The World Bank has maintained its forecast that global growth will improve to 2.7 per cent this year, citing a pick-up in manufacturing and trade, improved market confidence and a recovery in commodity prices.

Just after 8 am, a woman descends from the ceiling at the Bud Walton Arena, 30 miles from Walmart's headquarters.

In the rugged heart of New Zealand's South Island, a high-altitude desert where the men of Middle-Earth made their last stand in the "Lord of the Rings" movies has become a battlefield once again -- this time over water, as intensive dairying has contaminated its green scenery.

• UPDATED

Two high-profile executives quit Donald Trump's advisory council and Goldman Sachs' Lloyd Blankfein took to Twitter for the first time ever to express disapproval at his decision to ditch the Paris climate accord.

President Donald Trump just made good on his campaign vow to leave the Paris climate accord. Now, the hard part: making coal great again.

The idea is to cut costs on the expensive 'last-mile of deliveries', when packages are driven to customers' homes.

Once one of China's most powerful steel executive will serve 15 years in prison after corruption and bribery conviction.

​A former New York maths teacher allegedly graduated from ripping off his students of a few hundred dollars 14 years ago to scamming billionaires millions of dollars.

American taxpayers may have overpaid for Mylan's EpiPen shot by as much as $US1.27 billion ($1.71 billion) over the last decade, according to a US government report.

• COMMENT

It is easy to think of the Commonwealth as a mere relic of empire. But it could be the future face of globalisation.

Uber suffers a $US708 million loss in the first quarter as its head of finance joins the exodus of top execs leaving the company.

• COMMENT

Trump's next Twitter misfire could be deadly serious if his account isn't better protected.

• ANALYSIS

The climate genie, already out of the bottle, just got that bit harder to put back in.

James Packer's former business partner, billionaire Lawrence Ho, reportedly said in an interview that Crown and other gaming companies had upset the Chinese government by engaging staff in China despite a ban on the marketing of gambling.

After losing her most glamorous retail partners amid the controversies and boycotts that have marked her father's move into the White House, Ivanka Trump has gone downmarket. At its heart, Ivanka Trump is now a celebrity brand, not a designer fashion house. It's the messy discount rack, not the gleaming glass jewellery case.

Uber has fired Anthony Levandowski, the star engineer at the centre of its high-stakes legal fight over driverless cars.