Takata has decided to sell nearly all of its assets and businesses to Key Safety Systems, a vehicle safety system component maker, for $1.59bn after filing for bankruptcy protection.

Italy has moved to shore up confidence in its fragile banking system after agreeing to pump €5bn of taxpayers’ money into two failed mid-sized banks while handing their good assets to Intesa Sanpaolo, the country’s strongest lender.

This week, the trial of Martin Shkreli – the notorious pharmaceutical executive, gets underway; investors will learn how much capital US banks can return through dividends and share buybacks when the US Federal Reserve publishes the results of the second round of stress tests and Nike reports fiscal fourth quarter results.

Here is a look at the biggest events on i

Italy’s Veneto Banca and Banca Popolare di Vicenza are set to be wound down after the European Central Bank confirmed that the two lenders are “failing or likely to fail.”

Dean Heller, a Senator from Nevada, said on Friday that he will not support the healthcare bill floated by his Republican colleagues.

Capita said late on Friday that it will sell its asset services businesses to Link Administration Holdings for £888m as the outsourcing group looks to raise cash.

A jury has ordered Swiss seed company Syngenta to pay $217.7m in compensatory damages to Kansas farmers over its decision to sell a biotech corn strain unapproved by China.

Despite calls from investment banks that market tumult is on the horizon, Wall Street traders seemed to be taking it easy this Friday. A measure of expected volatility hit a two-week low, while major stock-market indices meandered modestly higher.

Tesco is to increase wages for hourly paid store staff by 10.5 per cent over two years, as the rising minimum wage prompts the grocer to make what it called its “biggest investment in store pay for a decade”.

Brazilian Agriculture Minister Blairo Maggi said he would travel to the US to “fight” for that market, after his American counterpart Sonny Perdue announced on Thursday he was suspending imports of fresh beef from Latin America’s largest economy citing “recurring concerns about the safety of the products”.

Global financial markets have been unusually calm for an extended period, meaning now is a good time for investors to begin preparing for a bout of “market turmoil” that is likely on the horizon, JPMorgan Chase strategists have said.

The Serious Fraud Office has closed its criminal investigation into the conduct of the Bank of England at the onset of the financial crisis when it was holding money-market auctions for UK lenders.

A sharper than expected slowdown in the pace of Canadian inflation last month has injected newfound uncertainty into whether policymakers will raise interest rates this year.

Miner and commodity trader Glencore has raised its bid for Rio Tinto’s Australian coal assets, as it moves to see off competition from a state-backed Chinese group.

Theresa May has hit back at criticism of her Brexit offer on citizens’ rights, insisting that her proposals were “fair and serious” and intended to “reassure” the 3m EU nationals living in Britain.

French president Emmanuel Macron said that the “rule of the jungle” could not be allowed to govern international trade as he defended proposals for tougher screening of overseas investment coming into the bloc.

Commerzbank is close to reaching a deal with workers’ representatives that will lower the expected costs of its major restructuring plan, but it will push it to a loss for the second quarter, the troubled German bank said on Friday.

European Council president Donald Tusk said that Britain’s offer on citizens’ rights was “below our expectations”.

Blackberry’s long promised recovery appeared to have hit another bump after the Canadian smartphone pioneer’s first quarter revenues fell short of analysts expectations.

A Cardiff man has been charged with terrorism-related murder following Monday’s deadly attack near a mosque in Finsbury Park in which one man died.

The British government has ordered an examination into the fridge-freezer that police say was responsible for the London tower fire.

Japanese drugmaker Astellas has been threatened with permanent expulsion from the UK’s pharmaceutical industry trade body after a series of “shocking” breaches of guidelines which the trade group said “raised serious concerns with regard to patient safety and public confidence in the pharmaceutical industry”.

British households are not expecting a major upsurge in inflation over the next 12 months, despite growing rancour within the ranks of the Bank of England over rising prices, according to a survey of consumers.

Scotland Yard has said it is considering bringing manslaughter charges in connection with the Grenfell Tower fire, as detectives revealed that both the insulation and tiles on the building had failed initial safety tests.