Tesco chief executive Dave Lewis is set to axe 2,000 jobs as part of a drastic cost-cutting plan aimed at kick-starting growth at Britain's biggest grocer.
McDonald's has named UK-born Steve Easterbrook as its new chief executive and president after Don Thompson stepped down amid falling sales.
Facebook reported fourth-quarter profits of $701m (�462m), a 34% increase on the same period a year ago. Advertising revenue grew by 53% to $3.59bn, with nearly 70% of that coming from mobile ad sales.
Companies allegedly linked to African criminals, fraudsters and money launderers have been given tens of millions of pounds of taxpayers' money, a report has found, as the full scale of the UK's foreign aid folly emerged.
The creation of London's newest financial district began with a phone call by the then prime minister Margaret Thatcher to Canadian developer Paul Reichmann, telling him he was the only developer in the world �who could do Canary Wharf�.