Business Digest

Toyota Motor has survived two years’ worth of setbacks. Now it faces an unprecedented rush of competitors for its franchise car, the Camry sedan

China stands to be the biggest beneficiary of U.S. and European plans for sanctions on Iran’s oil sales in an effort to pressure the regime to abandon its nuclear program

News Corp. for the first time publicly detailed bribery by a journalist at its now-defunct News of the World, telling a court that a former editor agreed to pay a prison guard to get a story about a child killer.

Chinese tastes, such as larger back seats, are increasingly dictating global automotive design.

Australia is set for an A$112 billion ($115 billion) infrastructure boom as the nation adds ports and railways to feed China and India’s appetite for coal and iron ore.

Damien Hirst’s spot paintings may be a metaphor for something: the contemporary, globalized world, perhaps.

Asian stocks rose to a one-month high and South Korea’s won strengthened as signs Europe’s debt crisis is easing spurred risk-taking, helping emerging markets draw funds. Oil rebounded from the biggest loss in two weeks.

European Central Bank President Mario Draghi says his strategy for battling Europe’s debt crisis is starting to work.