President Barack Obama awards the US's highest civilian honour to billionaire investor Warren Buffett and German Chancellor Angela Merkel.

Strong investor demand lets carmaker GM raise the value of its offering of shares, positioning it for a record US sale.

A team of international officials are due to arrive in the Irish Republic on Thursday for another round of talks on the debt crisis.

An industry taskforce has warned the UK government it must act now to protect the economy against the next oil shock.

Up to 40 Rolls-Royce engines on Airbus A380 superjumbos worldwide will need to be replaced, Australian airline Qantas says.

National Grid, which runs the UK's electricity and gas network, reports a 45% jump in half-year profits to £938m.

Arcadia, owner of retail chains including Top Shop and BHS, reports a 6.4% rise in annual pre-tax profits to £213.2m.

UK retail sales rose by 0.5% in October, ending two months of declines, the latest official figures show.