Twenty leading economists have written to the Financial Times saying the 50p tax rate applied to high earners damages the UK.

A quarter (24%) of UK parents questioned in a survey by the Daycare Trust and Save the Children say the cost of childcare has caused them to get into debt.

Yahoo's chief executive Carol Bartz is fired by the internet company after two-and-a-half years in the top job.

Australia's economy grows 1.2% in the June quarter, rebounding from a contraction during the first three months of the year.

US search giant Google says it will cooperate with the Korean Fair Trade Commission, after reports its offices were raided by authorities.

The Greek finance minister pledges to speed up reforms to cut public spending and reduce the size of the state.

Former Formula 1 world champions Williams, which floated on the Frankfurt stock market in March, sees half-year profits up 37%.

Germany's highest court rejects a challenge to the country bailing out other nations in the eurozone.