FRUIT OF THE VINE: Bottles of Indian wines at the International Wine Festival in Bangalore. India's Karnataka state has seen a fourfold growth in cultivation, with wine production touching 7.5 million litres. (Manjunath Kiran, AFP)
In other news
Russian Foreign Minister Sergei Lavrov has said that Moscow would not take tit-for-tat measures or act "hysterically" in response to sanctions imposed by the US and EU.
Fierce fighting and rebel requisitioning have stopped work at many of the coal mines in and around the strongholds of Donetsk and Luhansk.
Irish low-fare airline Ryanair, which has hit a weak patch last year, reports a strong recovery, but downward pressures on fares.
China shares have closed at their highest since December after a Reuters report says a major bank seeks more private investors.
The Permanent Court of Arbitration in the Hague could announce that Russia must pay $50bn to former shareholders of the defunct oil company Yukos.
Australia has given the go-ahead to a massive coal mine in Queensland state, which could ultimately provide electricity for up to 100 million Indians.
Ireland, one of Europe's biggest hubs for funds, will allow hedge funds based in the country to lend to companies under new rules drawn up by the central bank.
Australia could discuss building its next-generation fleet of submarines overseas, a shift that could open the door to a partnership deal with Japan.