UK growth figures are expected to show the UK economy slowed between April and June, while some fear it may have contracted.

Beer sales at pubs and supermarkets have fallen sharply in recent months due to higher taxes, says the British Beer and Pub Association.

Some vulnerable benefit claimants had payments stopped because of administrative errors in a work assessments, an MPs' report says.

China's internet search engine Baidu reports a 95% surge in profits for the second quarter as advertising revenue grows.

US President Barack Obama blames conservative House Republicans for the lack of a deal to avoid an imminent default on US national debt.

South Korea's ambitions to enter the Indian energy market receive a big boost as the two countries sign a nuclear deal.

General Electric is shifting the headquarters of its X-Ray unit to China in an attempt to capture emerging markets.

Major job losses are expected at Swiss bank UBS as it unveils plans to cut costs by up to $2.5bn over the next two to three years.