The European Banking Authority said Britain is home to three times as many millionaire bankers as every other European Union country put together with 2,436 bankers paid more than €1.0m in 2011, according to The Times.

Chinese police have claimed GlaxoSmithKline behaved like a criminal “godfather” in China, offering bribes and accepting “sexual favours” in return for business, The Telegraph unveiled.

US burger chain McDonald’s is set to open its first outlet in Vietnam early next year, the Financial Times reported.

The UK’s coalition government is taking drastic action to start infrastructure plans by hiving off the Highways Agency as a Network Rail-style public company and giving it a long-term funding settlement to carry out a £28bn road-building spree, The Guardian said.

Federal Reserve Chairman Ben Bernanke‘s influence over markets will be put to the test on Wednesday when he delivers what is likely to be his last monetary policy report to US Congress, the Financial Times pointed out.