Eriksson, who died in August last year at the age of 76 having earlier announced that he was terminally ill with pancreatic cancer, left assets worth 4.8 million pounds but owed 8.64 million.

Beleaguered Sri Lankan President Gotabaya Rajapaksa has named a 17-member cabinet, despite growing calls for his resignation, according to the BBC.

Rio de Janeiro's governor declares a state of financial emergency and requests federal funds to help fulfill obligations for public services during the Olympics that start August 5.

The world’s biggest steel industry in China is in grave crisis.

Greek MPs are to vote later on whether to back PM Alexis Tsipras's tough new proposals to secure a third bailout.