Oil giant Shell accepts responsibility for two oil spills in Nigeria's Ogoniland region, in what activists say could set a legal precedent for UK courts.

Chemical company Dow is making the fabric wrap around the Olympic Stadium in Stratford.

General Motors' quarterly profits almost double after the US carmaker increases market share and pushes through price rises.

The US air authority, the FAA, is partially shut down as a new row in Congress sees the agency's funding cut off until lawmakers return in September.

One in three adults in the UK now use a smartphone, according to research by the telecoms regulator Ofcom.

A majority of leading economists polled by the BBC expect interest rates to remain unchanged until the start of 2012.

Italy is likely to default on its debts but Spain may just avoid it, says the Centre for Economics and Business Research.

Shares of Japanese infrastructure giants Hitachi and Mitsubishi Heavy rise on speculation they plan to merge some businesses.