Households looking to install renewable heating systems such as biomass boilers and solar panels are now eligible for up to £1,250 from the government.

The UK economy will grow at a "sluggish" rate this year, the CBI says as it lowers its annual growth forecast.

Up to nine million people face a "bleak old age" because of falling through the cracks of private sector pension provision, a review says.

President Obama says Republican and Democratic leaders have agreed a deal to raise the US debt limit, which will now be voted on in Congress.

Honda Motors becomes the latest Japanese company to report a slump in profits due to the earthquake and tsunami.

Banking giant HSBC says it will cut 25,000 jobs by 2013 and exit operations in 20 countries as it looks to save billions of dollars.

Chinese manufacturing ouput slows further in July after demand for exports weakens and government measures take effect.

Iran and India resolve the payment dispute that threatened the Islamic state's crude exports to India.