The Greek cabinet backs new budget cuts and is ready to put them to parliament, sources say on a day of strike action.

UK holidaymakers are being warned that petrol prices have risen across Europe since last summer.

Microsoft must pay a $290m judgment for infringing a small Canadian company's patent in its Word programme.

The poorest pensioner households cut their food spending during very cold spells of weather to cover the cost of heating, a report says.

China and Chile sign banking and mining cooperation agreements during a visit by Vice President Xi Jinping.

South Korea raises the cost of borrowing in a surprise move as consumer price inflation remains at a high level.

The pace of growth of China's exports slows down in May suggesting that demand in its key markets may be faltering.

The government's new work scheme begins, with ministers hoping to get a million people off benefits and into employment over the next two years.