Business Highlights

PARIS (AP) -- World oil demand will rise this year due to surging economic activity in Asian countries, especially China, the International Energy Agency said Friday as it bumped up its forecasts....

GENEVA (AP) -- Embattled UBS AG has warned that Switzerland's financial industry is at risk unless lawmakers approve a tax treaty with the United States, and that other Swiss banks may be next to face pressure from U.S.

NEW YORK (AP) -- KKR, the parent of private equity firm Kohlberg Kravis Roberts, is planning a $2.21 billion U.S. initial public offering, according to a regulatory filing Friday....

BEIJING (AP) -- China's top Internet regulator insisted Friday that Google must obey its laws or "pay the consequences," giving no sign of a possible compromise in their dispute over censorship and hacking....

LONDON (AP) -- Industrial production in the 16 countries that use the euro spiked by an impressive 1.7 percent in January from the month before, official figures showed Friday, raising hopes that the recovery from recession may be more buoyant than expected....