Business

A proposed A$8 billion ($6.52 billion) Aquis Great Barrier Reef Resort, backed by Honk Kong billionaire Tony Fung, was on Thursday granted regulatory approval by an Australian state planning department - clearing its first legislative hurdle.

A Bulgarian regulator said it had found "significant gaps and inconsistencies" in the way KPMG audited the books of troubled lender Corporate Commercial Bank, putting renewed scrutiny on the country's financial sector.

Google will try to persuade a U.S. judge on Thursday to dismiss an antitrust lawsuit over its Android smartphone operating system, as the Internet search company faces increased regulatory pressure from European authorities.