CHINA

The China Food and Drug Administration said five restaurants are being prosecuted while an investigation is underway into 30 others.

As Russian revenues from oil exports fall and sanctions over Ukraine isolate the economy, the country is realizing the need to make it easier for its companies to do business.

The slowdown in January was attributed to uncertainty due to the volatile stock market, according to a survey of purchasing managers.

The fighter jet deal is part of a $150-billion military modernization drive India has launched.

The Virginia University student, who was in the country as a tourist, “was caught committing a hostile act against the state," Korean Central News Agency reported.

South Korean President Park Geun-hye also proposed a five-nation meeting, excluding North Korea, to discuss Pyongyang’s nuclear program.

The Chinese-built train, with speeds of up to 217.5 mph, is expected to cut travel time between Jakarta, the capital, and Bandung, the nation’s third-largest city.

Whether a new recession looms remains to be seen. But this much is known: One investor’s bear market is another’s buying opportunity.

The U.S. benchmark crude briefly touched $30 a barrel Thursday after markets rallied and stockpiles climbed.

Stock markets don’t necessarily offer insight into the broader economy, so seasoned hands are urging investors to take a deep breath.

High-end watchmakers have signaled a shift in strategy with an expanded range of more affordable products to counter a severe downturn. As Hayley Platt reports, the industry is having to adapt to a market with fewer Russian, Middle Eastern and Chinese buyers.

The Russian currency broke the 80-to-the-greenback level Wednesday and tumbled to more than 85 Thursday.

As global markets continued to slide, policy leaders gathered in Davos, Switzerland, cautioned the Federal Reserve to keep interest rates low.

Volvo said autonomous cars could help increase safety.

Having missed its 2015 sales target, Xiaomi is reportedly set to focus on its offline presence this year.

Fang Xinghai, a senior economic adviser to the Chinese leadership, said Thursday communication is a problem for China.

The textbook publisher, hit by falling college enrollments in the U.S. and changes in U.K. policy, issued a profit warning Thursday.

By Thursday morning, more than 40,000 people had left comments demanding Taiwan's return to China.

Worries about slowing growth damaged sentiment, but some analysts say rising wages will still bring healthy consumption growth.

Major U.S. and European banks are looking for ways to improve margins amid falling revenues and tough market conditions.

Purchasing Sharp would allow Foxconn to offer customers like Apple, Amazon and Xiaomi a more integrated manufacturing solution.