With potential bidders said to be looking at Formula 1, a new analysis reveals the profits being made by the world's fastest sport

IMF head Dominique Strauss-Kahn will make a new plea for bail on Thursday morning over sexual assault charges, his lawyer says.

The US central bank has said the US economy is moderately improving, according to minutes of its latest policy committee meeting.

A wholesale reform of the UK's railways is likely to be triggered when a government-commissioned study into their value for money is revealed.

Japan, the world's third largest economy, contracts sharply after a tsunami and earthquake caused devastation in March.

Singapore raises its economic growth forecast after a manufacturing boost in the first three months of the year.

Citroen recalls more than 20,000 of its Picasso C3 cars because of concerns the brakes can be activated from the passenger side.

International Monetary Fund head Dominique Strauss-Kahn resigns following an alleged sexual assault of a hotel maid in New York.