The public accounts watchdog criticises the UK's "unacceptably slow" progress towards meeting its renewable energy targets.

Japanese manufacturing activity shrank for a third consecutive month in November as a strong yen hit exports.

Major shares indexes fall across Asia as a funding squeeze hits China's financial system and there are fears of further rate rises.

Toyota says it will repair 650,000 Prius models worldwide because of a fault with the coolant pump.

India's economy grew at a faster-than-expected rate of 8.9% in the second quarter, according to official data.

Regional airline Flybe says it will offer £60m in new shares and join the stock market to help fund expansion.

The unemployment rate in the eurozone hit a 12-year high in October, figures show, but inflation remained unchanged at 1.9%.

Family spending fell in 2009 for the first time in 10 years, according to figures from the Office for National Statistics.