Oil prices rose in Asian trade Monday after Cyprus and its international creditors struck a 10 billion euro bailout deal, averting collapse of the country's banking system.
Dutch post and courier company TNT Express said Monday it would shed around 4,000 jobs over the next three years as it restructures after US rival UPS' takeover bid failed in January.
EU and IMF officials struck a last-minute deal with Cyprus early Monday to resurrect a bailout for the island -- but one banking chain goes to the wall and major clients, who include many Russians, will take a giant hit.
Former Sex Pistols front man John Lydon told his Chinese fans to "be perverse" Monday ahead of highly-anticipated concerts in China with his band Public Image Ltd.
The Japanese and European Union leaders will hold telephone talks Monday to discuss the Cyprus bailout deal and plans to launch free trade negotiations.
World champions Spain and perennial underachieving title contenders England face tough 2014 World Cup qualifying away trips to their respective group leaders France and Montenegro on Tuesday.
Angry Russian residents of Cyprus are talking of giving up on the Mediterranean island over a eurozone bailout deal which they say unfairly targets their money.
Pope Francis has donned the symbols of papal power, vowing to embrace the "poorest" at a grand inauguration in the Vatican as leader of a troubled Roman Catholic Church.