A large number of bankers are paid more than they are worth, the chairman of Royal Bank of Scotland, Sir Philip Hampton, concedes.

Heavy snowfall during December led to "lacklustre" activity levels in the UK housing market, surveyors say.

Two Chinese state controlled banks lend more to developing countries than the World Bank, according to a report.

Chinese President Hu Jintao is to begin a four-day visit to the US - the most important by a Chinese leader in 30 years, analysts say.

Ministers plan a minimum price level for alcohol in England and Wales, but campaigners say it will have little impact on binge drinking.

Eurotunnel, the company which manages the Channel Tunnel, said traffic and sales increased during 2010.

China attracted a record level of foreign direct investment in 2010, figures show, recovering sharply from the previous year.

RBS is to sell care homes operator Priory Group, which has treated many celebrities including Lily Allen and Robbie Williams.