IMF chief Dominique Strauss-Kahn is held at New York's notorious Rikers Island jail on sexual assault charges, after being denied bail as a flight risk.

TV retail guru Mary Portas is to carry out a review aimed at halting the "decline of the high street", the government announces

Toyota Motor car owners in the US can pursue claims that the carmaker caused the value of their vehicle to fall, a federal judge rules.

Rolls-Royce launches an investigation after a plane carrying 136 people makes emergency landing in Singapore.

Eurozone financial ministers are to continue their talks in Brussels, with discussions now expected to focus on dire state of the Greek economy.

Vodafone reports a sharp rise in full-year profits, thanks in part to the increasing popularity of smartphones.

Emerging economies are expected to battle hard for the top job at the International Monetary Fund, following the arrest of current head Dominique Strauss-Kahn.

A US appeal court rejects the Winklevoss twins' attempts to have their legal settlement with Facebook declared void.