Britain came within six hours of running out of natural gas in March, highlighting the risk of supply shortages amid declining domestic production, the FT reports.
Spanish banks will need to put aside extra provisions of up to 10 billion euros to cover loans that borrowers will struggle to repay, the FT reports.
The huge volatility in the Japanese market is not surprising given the aggressive monetary policies put in place in the country over the last six months, St Louis Federal Reserve Chairman James Bullard told CNBC.
Japan's stock market witnessed a second-straight day of heightened volatility on Friday, swinging from gains of 3 percent to deep losses before bouncing back again.
Big companies' tax affairs in Europe are to be opened up to greater public scrutiny with the EU rushing out a law to reveal corporate profits and taxes on a country-by-country basis, the FT reports.
A magnitude 8.2 earthquake struck Russia'a Far East in the Sea of Okhotsk off the Kamchatka Peninsula, according to the U.S. Geological Survey.
Mario Draghi, head of the European Central Bank (ECB) insisted that the euro zone was more stable than a year ago but that the region needed more integration - and the U.K should be a part of that.
The volatility in the Japanese government debt market has unnerved investors in domestic banks, with the country's top lenders alone holding an estimated $390 billion worth of these bonds.
Sony said Friday it will issue its first ever bond aimed at individual investors to raise 150 billion yen.
The kyat has plunged more than 7 percent over the past month to the lowest since it was floated last year, raising concern about economic stability in Asia's newest democracy.
CNBC's Eunice Yoon looks at what foreign investors need to know before setting up shop in the world's second largest economy.
An 80-year-old Japanese man became the oldest conqueror of Mount Everest on Thursday, a feat he called "the world's best feeling." The Christian Science Monitor reports.
A day after Japanese equities witnessed their sharpest one-day drop in more than two years, optimism over the country's stock market remains unshaken.
The biggest plunge in Japanese stock prices since a 2011 earthquake and tsunami was a temporary pullback that will not derail the government's "Abenomics" policy of loose money and fiscal stimulus, officials said on Thursday.
Indian businesses don't want to lose out on the opportunities provided by the burgeoning trade between China and India, and the first step is to start learning Mandarin.
The gargantuan stimulus Japan is pumping into its economy will have to be even larger to achieve the desired results, said Hayman Capital founder Kyle Bass.
Investors in funds based in the United States poured $1.51 billion into Japanese stock funds in the latest week, marking the longest streak of inflows into the funds on record.
Procter and Gamble said it is bringing former CEO A.G. Lafley out of retirement to be its new Chairman and CEO, effective immediately.
After years of resistance and internal debate, the Boy Scouts has decided to admit openly gay youths as members.
In his daily CNBC.com-only video clip, recorded today after the close of NYSE trading, Art Cashin of UBS talks with Bob Pisani about the factors helping stocks recover from a negative opening. (3:05)