
German carmaker Daimler has pleaded guilty to corruption in the US and will pay 185 million US dollars to settle the case. The charges relate to US Justice Department and Securities and Exchange Commission investigations into the company's global sales practices.

British top earners will pay 50p in income tax on each pound of their salary over £150,000 from Tuesday April 6, the start of the new financial year. Previously, the highest rate of income tax payable was 40p on every pound for earnings above £37,400.

Political leaders have headed off on the campaign trail after Prime Minister Gordon Brown announced Tuesday the UK general election would be held on 6 May. He said he would seek a clear mandate to continue the road to recovery, as Labour bids for a fourth term.

Argentina formally protested on Monday a possible move by China to block imports of Argentine soybean oil in a trade row that threatens a key export of the country and last year involved almost 1.5 billion US dollars.

Chinese president Hu Jintao will be visiting Brazil, Venezuela and Chile in mid April according to a release from Beijing. From an international summit on nuclear security, April 12/13, President Hu Jintao will travel to Brazil for the second BRIC summit, scheduled from April 14 to 17.

Amid the currency row with the United States, China has indicated that it may adjust its financial policy to take care of Washington's concerns if the White House respects Beijing's core interests in Taiwan and Tibet.

The United States Department is questioning Venezuela's need to buy billions of dollars in weapons from Russia, voicing concern the arms may end up elsewhere in Latin America.

Oil prices have reached an 18-month high as analysts predict the recovery of the US economy and a rising demand for fuel. Crude oil for May delivery hit a high of 85.89 USD a barrel at one point in New York trading - the dearest since the peak of the financial crisis in October 2008.

Russian Prime Minister Vladimir Putin arrived Friday in Venezuela for his first visit to the OPEC nation as he prepared to sign energy, defense, and financial agreements with President Hugo Chavez.

Russian Prime Minister Vladimir Putin will pay his first visit to Venezuela to meet with President Hugo Chavez on April 2, a government source told RIA Novosti in Moscow on Wednesday.